Raptor Resources Holdings Inc. (RRHI) Builds Hedge of Resources to Maintain Position as a Commercial Source of Barite
Barite is a high-density, chemically inert mineral used for a wide range of industrial applications, such as a filler or weighting agent in paints, plastics and rubbers; a blocker in X-ray and gamma-ray emissions; and as aggregate in high-density concrete for radiation shielding around hospitals, nuclear power plants and nuclear research facilities. It is also used in television and computer monitors, golf balls and traffic cones, to name a few. Despite its numerous uses in these areas, barite is indispensable to the petroleum industry, which accounts for nearly 90% of barite consumption. In this use, barite is used as a…