22 July 2010
White Mountain Titanium Corp. has entered into a Letter of Intent with respect to licensing a new titanium metal technology. Four parties comprised of White Mountain, its wholly-owned Chilean subsidiary, Sociedad Contractual Minera White Mountain Titanium, La Serena Technologies Ltd, and Chinuka Ltd plc have entered into a Letter of Intent with respect to licensing a new titanium metal technology developed by Chinuka (the Chinuka Process). Subject to executing a non-exclusive, sublicensing agreement with La Serena, SCM White Mountain will gain access to the Chinuka Process for the Cerro Blanco project. La Serena will execute the sublicensing agreement as holder of the Chinuka Process master license. The Chinuka Process was developed under the direction of Dr Derek Fray, Professor and Director of Research, Materials Science and Metallurgy, University of Cambridge. Unlike the industry-standard, multi-step Kroll batch process which uses titanium pigment as a feed stock to produce titanium sponge metal, the Chinuka Process is essentially a one-step process and uses titanium ores and concentrates as a feed stock. By replacing a multi-step process with a process in which refining and electro-deposition take place simultaneously and substituting ores and concentrates as a feed stock, the Chinuka Process holds forth potentially significant cost and production time saving over the Kroll process.
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