Source: GlobeNewsWire • Published: • Sentiment: positive • Ticker: FANCF
First Atlantic announces ONSHORE MAX test work upgraded RPM Zone rock samples into a 67.4% nickel concentrate, grading up to 71.9% nickel and 1.76% cobalt.
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Brief Summary
First Atlantic Nickel & Cobalt has officially announced the successful results of its recent test work using the ONSHORE MAX (Magnetic Alloy eXtraction) process at the Pipestone XL Nickel-Cobalt Alloy Project. The test upgraded RPM Zone rock samples into an impressive 67.4% nickel concentrate, achieving grades of up to 71.9% nickel and 1.76% cobalt. This marks a significant milestone in their efforts towards sustainable and efficient production of high-grade alloy concentrate.
- Ongoing Innovation: Introduction of new recovery technology.
- Market Implications: Increased production capability for future supply chains.
- Environmental Considerations: Emphasis on sustainable practices in alloy production.
Why it matters: This advancement positions First Atlantic as a notable player in the nickel and cobalt sector, catering to growing demand from battery manufacturers.
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