Stock for Vancouver-based IBC Advanced Alloys Corp.
, Stock Forum
) went on a ride today as it continued an impressive 65% run that started in late July.
Moving off a 52-week low of $0.13 juyst a month ago and moving consistently upward since, the stock jumped 29% today to hit $0.22, with high volume and no public news to explain the jump.
The company has been working at developing its Beralcast beryllium aluminum alloy, for which it has a high level US aerospace industry partner. The alloy has three times the stiffness of aluminum with 22% less weight, making it likely ideal for jet fighter parts. Cost savings with the product and lower waste levels involved in its production make it even more attractive as a military component base.
The company has also been working on copper alloys, and more recently announced it was working on an enhanced beryllium oxide (BeO) nuclear fuel R&D program
currently being conducted at Purdue University, Texas A&M and MIT.
The Canadian microcap tech company has said, “The higher thermal conductivity [of BeO] will allow the fuel to attain the desired thermal conductivity with about one-half of the prior BeO content thereby enabling the fuel to achieve its desired power output with lower enriched uranium content which improves fuel economics.”
Dr. Sean McDeavitt, a researcher at Texas A&M, commented, “We are able to achieve consistent repeatability at our Texas A&M research laboratories and have demonstrated strong data driven results for enhanced UO2-BeO pellets.”
The company announced Chris Huskamp as Executive Vice President
of Business and Tech Development two weeks ago, charting continuing progress in their mission to provide low cost, low waste, cutting edge alloy products to global industry.
FULL DISCLOSURE: IBC Advanced Alloys is a Stockhouse Publishing client