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Study Finds Mine Electrification And Replacement Of Vertical Shafts With Railveyor System Could "Significantly" Reduce Initial CAPEX And OPEX For The Underground Mine Portion Of NioCorp's Proposed Elk Creek Critical Minerals Project

Benzinga ·  May 21 04:03

Mine Electrification and Replacement of Vertical Shafts with Railveyor System Could "Significantly" Reduce Initial CAPEX and OPEX1 for the Underground Mine Portion of NioCorp's proposed Elk Creek Critical Minerals Project

New Approach Could Cut NioCorp's Time to Full Commercial Production by as Much as 5 Months

Due to the Lower Power Consumption of the Railveyor System, Mine Electrification Could Reduce the Underground Mine's Carbon Footprint

Moving to an Electrified Mine with a Railveyor System Not Expected to Delay Completion of an Updated Feasibility Study, NioCorp Says

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