HSLA

NioCorp's Demonstration Plant Begins Testing Process Improvements and Rare Earth Recovery Operations

Retrieved on: 
Tuesday, September 6, 2022
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CENTENNIAL, Colo., Sept. 6, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that its demonstration-scale processing plant (the "demonstration plant") in Quebec, Canada is now processing ore samples from the Company's Elk Creek Critical Minerals Project (the "Project").  The demonstration plant project is intended to demonstrate that the Company can extract and separate rare earth elements from ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project financing, and that its simplified process for potentially producing niobium, scandium, and titanium is technically and economically feasible.

Key Points: 
  • The demonstration plant will process Elk Creek ore samples in three phases.
  • Phase 2 is designed to demonstrate an improved process for the second stage of leaching along with Niobium and Titanium separation.
  • NioCorp will utilize conventional solvent extraction ("SX") technology to test a rare earth separation approach developed by NioCorp and L3.
  • "Our team is very pleased to see the demonstration plant begin operations, and we intend to closely monitor every step of this process," said Scott Honan.

NioCorp's Demonstration Plant Begins Testing Process Improvements and Rare Earth Recovery Operations

Retrieved on: 
Tuesday, September 6, 2022
Niobium, Terbium, Aluminium, Mining, Technology, Co-ownership, National instrument, Perception, NB, Engineering, Alloy, OTCQX, L3, Accident, Honan, Praseodymium, Plastic, SEC, TSX, Neodymium magnet, Multimedia, National Instrument 43-101, Electricity, HSLA, Intention, Company, Dysprosium, Project, News, High-strength low-alloy steel, Neodymium, Paint, Rare-earth element, Titanium, SX, Scandium

CENTENNIAL, Colo., Sept. 6, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that its demonstration-scale processing plant (the "demonstration plant") in Quebec, Canada is now processing ore samples from the Company's Elk Creek Critical Minerals Project (the "Project").  The demonstration plant project is intended to demonstrate that the Company can extract and separate rare earth elements from ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project financing, and that its simplified process for potentially producing niobium, scandium, and titanium is technically and economically feasible.

Key Points: 
  • The demonstration plant will process Elk Creek ore samples in three phases.
  • Phase 2 is designed to demonstrate an improved process for the second stage of leaching along with Niobium and Titanium separation.
  • NioCorp will utilize conventional solvent extraction ("SX") technology to test a rare earth separation approach developed by NioCorp and L3.
  • "Our team is very pleased to see the demonstration plant begin operations, and we intend to closely monitor every step of this process," said Scott Honan.

As More States Follow California in Banning Sales of New Internal Combustion Engine Vehicles, Critical Minerals Demand Will Increase, NioCorp Says

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Tuesday, August 30, 2022
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CENTENNIAL, Colo., Aug. 30, 2022 /PRNewswire/ -- More states are likely to follow California's lead in banning the future sale of internal combustion engine vehicles as a means of accelerating demand for electric vehicles ("EVs") and addressing climate change, according to NioCorp CEO and Executive Chairman Mark Smith. In a newsmaker interview this week, Mr. Smith noted that these and other government actions are also likely to increase demand for the critical minerals needed by EVs and other cleantech applications – including the critical minerals NioCorp plans to produce at its Elk Creek Project in Nebraska, once financing is obtained and the Project is in commercial operation.

Key Points: 
  • NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium.
  • The Company also is evaluating the potential to produce several rare earths from the Project.
  • Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance.
  • NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

New Federal Legislation Could Deliver Powerful New Benefits to NioCorp for its Critical Minerals

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Wednesday, August 17, 2022
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CENTENNIAL, Colo., Aug. 17, 2022 /PRNewswire/ -- The "Inflation Reduction Act of 2022," signed into law by President Biden this week, includes multiple financial and tax incentives designed to encourage greater production of critical minerals in the U.S.  Virtually all of the critical minerals NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) intends to produce as part of its Elk Creek Critical Minerals Project in Nebraska (the "Project") would be eligible for new tax credits once the Project is financed and placed into commercial production.

Key Points: 
  • The bill creates a new 10% Advanced Manufacturing Tax Credit for a variety of critical minerals produced in the U.S., including niobium, scandium, and titanium.
  • "NioCorp could benefit substantially from these new production tax credits in the future," said Smith.
  • "This and other provisions in this bill send a powerful signal to producers, markets, and investors that the U.S. government wants to up its game in terms of encouraging more production of American-made critical minerals."
  • NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium.

New Federal Legislation Could Deliver Powerful New Benefits to NioCorp for its Critical Minerals

Retrieved on: 
Wednesday, August 17, 2022
Niobium, Greenhouse, CEO, Scandium, SEC, TSX, Allied Nations, U.S. Department of Defense Strategy for Operating in Cyberspace, Executive, Toronto Stock Exchange, Alloy, Electricity, Defense, Walking, Neodymium magnet, Plastic, Electric vehicle, Neodymium, Titanium, Terbium, Critical, Inflation, Pollutant, NB, HSLA, High-strength low-alloy steel, DOE, Project, Praseodymium, Legislation, Congress, Government, Company, Aluminium, Paint, EV, Accident, Intention, Dysprosium, Mining, Renewable energy, Rare-earth element, Recycling, Fireworks

CENTENNIAL, Colo., Aug. 17, 2022 /PRNewswire/ -- The "Inflation Reduction Act of 2022," signed into law by President Biden this week, includes multiple financial and tax incentives designed to encourage greater production of critical minerals in the U.S.  Virtually all of the critical minerals NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) intends to produce as part of its Elk Creek Critical Minerals Project in Nebraska (the "Project") would be eligible for new tax credits once the Project is financed and placed into commercial production.

Key Points: 
  • The bill creates a new 10% Advanced Manufacturing Tax Credit for a variety of critical minerals produced in the U.S., including niobium, scandium, and titanium.
  • "NioCorp could benefit substantially from these new production tax credits in the future," said Smith.
  • The legislation revises the existing $7,500 federal electric vehicle (EV) tax credit.
  • NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium.

NioCorp Announces Closing of Up-Sized Private Placement for Gross Proceeds of C$4.8 Million

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Thursday, June 30, 2022
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CENTENNIAL, Colo., June 30, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB) (OTCQX: NIOBF) is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement") of units (the "Units") of the Company. A total up-sized offering of 4,981,035 Units were issued at a price per Unit of C$0.96, for total gross proceeds to the Company of approximately C$4.8 million.

Key Points: 
  • A total up-sized offering of 4,981,035 Units were issued at a price per Unit of C$0.96, for total gross proceeds to the Company of approximately C$4.8 million.
  • The initial offering announcement on June 13, 2022, was for up to 4,519,481 Units, for gross proceeds of up to approximately C$4.35 million.
  • Each Unit consists of one common share of NioCorp (each, a "Common Share") and one common share purchase warrant (each whole warrant, a "Warrant").
  • Proceeds of the private placement will be used for continued advancement of the Company's Elk Creek Critical Minerals Project and for working capital and general corporate purposes.

NioCorp Promotes Jim Sims to Chief Communications Officer

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Tuesday, June 7, 2022
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CENTENNIAL, Colo., June 7, 2022 /PRNewswire/ --NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that Jim Sims has been promoted to Chief Communications Officer, a new position.

Key Points: 
  • CENTENNIAL, Colo., June 7, 2022 /PRNewswire/ --NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that Jim Sims has been promoted to Chief Communications Officer, a new position.
  • Mr. Sims has served as Vice President of External Affairs since joining the Company in November 2015.
  • "The Board and I are pleased to announce this well-deserved promotion for Jim," said Mark A. Smith, CEO and Executive Chairman of NioCorp.
  • "Jim works tirelessly at NioCorp on multiple fronts to help advance our Elk Creek Project, and he is a key member of the management team.

Process Enhancements to NioCorp's Critical Minerals Project Plans Point to Possible CAPEX and OPEX Reductions and Possible Lower Greenhouse Gas Emissions

Retrieved on: 
Monday, June 6, 2022
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CENTENNIAL, Colo., June 6, 2022 /PRNewswire/ -- Metallurgical testing being conducted now by NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) in Quebec, Canada, is intended to quantify the Company's ability to extract rare earth elements ("REEs") from Elk Creek ore. It is also aimed at testing a carbonation process that can be used to recycle key reagents used in the removal of calcium and magnesium carbonates from the Elk Creek ore ahead of operations that are expected to extract and recover niobium, scandium, titanium, and rare earths once project financing is secured. 

Key Points: 
  • NioCorp's metallurgical consultants at L3 Process Innovation ("L3") are continuing to perform bench and pilot-scale testing of these process improvements at a dedicated facility in Quebec.
  • "This work illustrates how strongly NioCorp is committed to reducing our net greenhouse gas emissions when and where we can.
  • Niobium, scandium, titanium, and the rare earths all play critical roles in reducing greenhouse gas emissions in the products in which they are used.
  • We would also like to produce these critical minerals with as low a GHG profile as possible."

Leading Global Mining Executive Peter Oliver to Join the NioCorp Board

Retrieved on: 
Wednesday, May 25, 2022
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CENTENNIAL, Colo., May 25, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB) (OTCQX: NIOBF) is pleased to announce that Peter Oliver, the former Managing Director of Talison Lithium ("Talison") and a 30+ year veteran of the mining and critical minerals processing industries, will join NioCorp's Board of Directors.

Key Points: 
  • "On behalf of the NioCorp Board, let me say that we are all thrilled to have Peter join the NioCorp organization," said Mark A. Smith, CEO and Executive Chairman of NioCorp.
  • "Peter is an exceptionally successful leader in the global mining business, and his experience spans the entire spectrum of resource development, operations and process optimization, public company management, global M&A, and project financing.
  • Peter will be a highly valuable addition to the NioCorp enterprise."
  • For me, this is a wonderful opportunity to join NioCorp's Board and assist the Company in many aspects of moving this project to commercial operation."

Nebraska Regulators Advise NioCorp that the Elk Creek Project's Air Construction Permit No Longer Requires Time Extensions to Remain in Force

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Friday, April 15, 2022
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CENTENNIAL, Colo., April 15, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that the Nebraska Department of Environment and Energy ("NDEE") has advised the Company that extensions of the Elk Creek Project's (the "Project") construction air permit are no longer required because the Company has met the regulatory definition of "construction, reconstruction, or modification of the source" since the permit was issued.  This development further de-risks the Project from a regulatory perspective.

Key Points: 
  • NioCorp's air construction permit was issued by the NDEE in June 2020.
  • "I want to thank the NDEE for their professionalism and attention to detail throughout the permitting process," said Scott Honan, NioCorp's Chief Operating Officer.
  • "We very much look forward to ramping up our construction activity at the site as soon as possible once we secure sufficient financing."
  • NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce Niobium, Scandium, and Titanium.