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
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A study suggests that mine electrification and replacing vertical shafts with a Railveyor system could significantly reduce initial CAPEX and OPEX for NioCorp's Elk Creek Critical Minerals Project. This approach could also cut the time to full commercial production by up to 5 months and reduce the mine's carbon footprint.
May 20, 2024 | 8:03 pm
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NioCorp's study indicates that mine electrification and the Railveyor system could reduce CAPEX and OPEX for the Elk Creek project, speed up production by 5 months, and lower the carbon footprint.
The study's findings suggest significant cost savings and operational efficiencies for NioCorp's Elk Creek project, which could positively impact the company's financial performance and stock price. The reduction in carbon footprint also aligns with growing investor interest in sustainable practices.
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