In recent times, the NioCorp Developments Ltd (OTCMKTS:NIOBF) stock has been moving within a range. However, at the same time, it is necessary for investors to keep in mind that stocks which move in a range can also break out and hence, it might actually be a good time to take a closer look at NioCorp.
As a matter of fact, the company was in the news yesterday after it announced that it concluded the first phase with regards to the testing of ores from the Elk Creek Project by way of High Pressure Grinding Rolls technology.
The company further noted that the ore that NioCorp is going to mine from the project could be processed through the deployment of High Pressure Grinding Rolls technology. That being said the project could only go forward if the company gets the requisite funding for the same.
On the other hand, the company also pointed out that High Pressure Grinding Rolls technology is not only energy efficient but also generates lower emissions. On top of that, it is an effective alternative when it comes to the task of reducing the size of the ores. It now remains to be seen how the NioCorp stock performs through the rest of the week.