TORONTO August 11, 2016 – Innovation Metals Corp. (“IMC”), a private Canadian company and the developer of the patent-pending RapidSX™ process, announced today the successful completion of a demonstration program to produce commercial-grade Pr-Nd oxide, using feedstock from the Mineração Serra Verde (“MSV”) deposit in Goias State, Brazil. IMC’s proprietary RapidSX solvent-extraction (“SX”) process was developed for the low-cost separation of rare-earth elements (“REEs”), nickel, cobalt and other technology metals.
Pr-Nd oxide is in increasing demand for the production of high-performance permanent magnets, used in a wide variety of industrial, automotive, defense and clean-tech applications. read more
TORONTO, August 5, 2016 – Innovation Metals Corp. (“IMC” or “the Company”) is pleased to report on the successful separation of nickel and cobalt from nickel-laterite ores at the pilot scale, using its proprietary RapidSX™ process for the low-cost separation of technology metals.
The patent-pending RapidSX process has previously been used to successfully separate rare-earth elements (“REEs”) from concentrates (as recently announced in IMC’s news release dated February 18, 2016). The process was more recently applied to the separation of nickel, cobalt and other valuable metals, from a pregnant leach solution (“PLS”) produced from a bulk sample provided by a major miner of nickel-laterite ores. Commercial-grade (99.6%+) purities were obtained. read more
TORONTO, February 18, 2016 – Innovation Metals Corp. (“IMC” or “the Company”) is pleased to report on the successful testing of its proprietary rapid solvent-extraction (“RapidSX”) process, for the low-cost separation of rare-earth elements (“REEs”) and other technology metals.
“The patent-pending RapidSX™ approach reduces the number of SX separation stages by over 90%,” said Patrick Wong, CEO of IMC, “leading to a significant reduction in plant footprint and associated capital expenditures. The process also leads to dramatic reductions in operating costs and time to process completion, when compared to conventional SX.” read more
TORONTO, June 5, 2014 – Innovation Metals Corp. (IMC or the Company) today announced its participation in a new $1.2M rare-earth supply-chain development program, led by Technology Metals Research, LLC (TMR) and funded by the US Army Research Laboratory (ARL), part of the US Department of Defense (DOD).
IMC joins a dozen other participants in the program, which will enable the Company to construct and to operate a 120-stage, lab-scale rare-earth-element (REE) pilot plant. The plant will be used to test solvent-extraction (SX) process-flow diagrams, for the extraction and separation of REEs, focused on the much sought-after heavy REEs. read more