NioCorp Collaborated with Leading UK-Based Research University to Develop Innovative Aluminum-Scandium Alloys for the Automotive Sector

NioCorp Developments Ltd Ordinary Shares +23.00% Pre

NioCorp Developments Ltd Ordinary Shares





0.00% Pre

NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB)(TSX:NB) is pleased to announce that the Company has entered into an agreement with London-based Brunel University London, a leading research university focused on application of cast aluminum alloys globally, to develop innovative aluminum-scandium alloys and applications for use in the automotive sector.

NioCorp has joined with the Brunel Centre for Advanced Solidification Technology ("BCAST") to develop a range of innovative aluminum alloys for the automotive sector. These alloys will utilize scandium to enhance the performance of aluminum components in order to facilitate:

  • Vehicle light weighting - developing aluminum-scandium alloys that reduce weight, increase automobile efficiencies, and reduce emissions;
  • Recycling - utilizing the performance-enhancing attributes of scandium to increase recyclability, creating sustainable low-carbon circular supply chains; and
  • Cost Reduction - reducing manufacturing costs and waste through utilizing scandium to increase the strength, ductility, weldability, durability, surface finish, and corrosion resistance of critical aluminum components.
Every question you ask will be answered
Scan the QR code to contact us
Also you can contact us via