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MP Materials Awarded $58.5 Million (from DOE) to Advance U.S. Rare Earth Magnet Manufacturing
https://investors.mpmaterials.com/investor-news/news-details/2024/MP-Materials-Awarded-58.5-Million-to-Advance-U.S.-Rare-Earth-Magnet-Manufacturing/default.aspx
Biden Announces $35 Million (DOD) Investment in Domestic Rare Earth Elements Supply Chain
https://www.americanmanufacturing.org/blog/biden-announces-35-million-investment-in-domestic-rare-earth-elements-supply-chain/
"Ahead of Biden’s virtual event, the Department of Interior announced a new interagency working group that will focus on reforming mining laws, regulations and permitting policies “to promote the sustainable and responsible production of critical minerals.”"
By the way, the US Govt has been funding MP Materials. MP Materials has begun construction of a REE processing plant opening up in Texas.
MP Materials Begins Construction on Texas Rare Earth Magnetics Factory to Restore Full U.S. Supply Chain
https://www.americanmanufacturing.org/blog/biden-announces-35-million-investment-in-domestic-rare-earth-elements-supply-chain/
https://mpmaterials.com/articles/mp-materials-begins-construction-on-texas-rare-earth-magnetics-factory-to-restore-full-us-supply-chain/
Well, I hope you’re not correct. I just don’t know how much Biden can stop EXIM from doing their job. Politics should not be involved. Our country, economy and defense need this mine. He must know that.
Correct AO. The law and rules change in the 2nd half of 2022. Previously EXIM could not fund US based projects.
I realize your have a distrust of mgt. I get it. That has nothing to do with whether NioCorp gets EXIM funding. It’s not MS’s call. It’s EXIMs.
As stated previously, MS is a f'n liar. He has known for years Elk Creek was a loooooong shot, but he deceived everybody, to enrich himself and the insiders. He's a f'n bas.....turd....taking salary increases, etc., on investors backs. He has ZERO shame. He's a scam. EVERYTHING he has been involved with/'leading,' has been an ABSOLUTE trainwreck. As the former Governor of New York, Al Smith, was famous for saying, "let's look at the record!' We were ALL manipulated/lied to by these kleptocrat bas...turds....I've accepted this inevitability.....
Because they just started this kind of domestic funding. It’s a new program. . Where have you been? I hope GMAN can post when this program started.
AO, what mine in the USA has EXIM funded that PROCESSES in the USA? Answer: NONE
I know that it’s going to Australia. It’s all there in the article. Is EXIM Biden? And why did EXIM send Perpetua Mining a Letter Of Interest From EXIM Bank For Potential Debt Financing up to $1.8 Billion? So they could spend ten of thousands, maybe hundreds of thousands of dollars or more?. I have no idea the cost of EXIM review process) and man power on exploring funding a mine they secretly know they won’t fund? Makes no sense.
You can’t get funding if you don’t apply. Too early to make that call. The best anyone can say is maybe they will get financing maybe they won’t. Nobody can say for sure they will or won’t get financing. Not our call. EXIMs call.
Indeed, what a mess. Mark Smith can really be proud!
Delisting from Toronto exchange is causing some panic selling. Not everybody is sure what to do with their shares and what will happen because not every broker provides transparancy and guarantees. This was really not the vibe that we needed.
LOI's mean nothing. Elk Creek will not be funded by EXIM....and likely never funded. As stated, there is likely to be a another/final 10/1 SS....and you will see, for the final time, what BS MS is....NB is a loser folks
Reminds me of a horse race where you bet on the favorite and the horse comes up lame out of the gate.I am stunned and disappointed at the same time. Thought this was a ticket to paradise and I wind up in the Bronx working at a bodega.
No reason not to believe this will happen,
But shares are bombed out, not forever guys, not forever....!
That’s not true. Politics aside, the US’s EXIM Bank expanded their program recently to offer a Letter of Interest to fund another mine for $1.2 Billion and recently approved $694 million in funding of export of U.S. mining and rail equipment to Australia.
https://www.rttnews.com/3437457/perpetua-receives-letter-of-interest-from-exim-for-potential-debt-financing.aspx
https://www.exim.gov/news/ex-im-bank-approves-694-million-finance-export-mining-and-rail-equipment-australia
https://www.exim.gov/about/special-initiatives/ctep/critical-minerals
The NioCorp rollercoaster. Been there before. We can only hope, I’m sure mgts scrambling to get this done or at least you’d think so.
Geopolitically, this mine will not be funded before the U.S. election. If Biden is re-elected, this mine will not get funded by EXIM. Biden's a radical climate change nut, so no funding and NB stock will continue to drop like a rock. NB Board knows this. Prediction: if Biden is re-elected, NB will have another/final 10/1 SS, and MS/Jim/Neil/The Board will all cash out and we'll all be totally wiped-out. We will know by 2024 year's end....
Money, big update coming in May
Anything besides a positive out of Exim is crazy....
All good points though NB will still soar if they get EXIM funding independent of the other situation you mentioned. It’s not all or nothing if NioCorp gets EXIM funding. Boeing with all their challenges is selling today at $172/share up 2.83% today.
A new low today! MS is a con. Everything he has been involved with, has been a trainwreck. He's a f'n liar!!
Mark Smith never fails to disappoint.
The Niocorp deal is stellar compared to the CELU butchering. CELU has completely wiped out their original shareholder base. I do not know what the past history of the company is but when the vipers of GX got their mitts into the biotech, the price was I believe near 8 dollars a share. Now it is lower than .03 because of a reverse split in Feb. 2024. That is insane but GX has managed to kill that company. Go back to 3/23 and Niocorp decides to get in bed with a SPAC that was close to closing down. Their insiders were handed a nice payday for providing nothing but a name. No support for the share price and Nio has to use Yorkville and now Lind. They might be worse than GX. Please tell me how management can **** up two companies so bad(IBC). The next time I hear the word "imminent" again concerning a stock I own, run for the hills.
Curious to see if any insiders unloaded on the pump and dump that ran this turd up to 4 dollars a share. That lasted all of one day. Penny stocks are basically hit on one and lose on 199. I am batting .000.
I believe you’re right about that. It’s been awhile since I’ve looked in those off takes. 25% to Traxsys and 50% to TK.
Only 50% is tied to ThyssenKrupp. CMC Cometals had signed an agreement for 25%, but they’ve been bought out since. The other 25% has not been locked in by anyone else yet
The GXII SPAC deal with Niocorp was absolutely horrendous, but the GX SPAC deal with Celularity hasn’t gone very well either. They have had two reverse splits and lawsuits are piling up. It appears the company breached their fiduciary duties to shareholders. It’s starting to sound familiar 🤔
https://www.marketwatch.com/press-release/kuehn-law-encourages-long-term-investors-of-celularity-inc-to-contact-law-firm-0f428d8d
Within a penny of the floor, does anyone know how Yorkville gets paid with the price drops below $2.14?
Good points MM and one that should be brought out in the open. As monocle pointed out, 75% of niobium is committed to Thyssen Krupp, a German Steel Co and if an agreement is reached, a REE off take with Stellantis, a foreign company. The benefit to America is Stellantis jobs (hopefully) in America, Govt stockpiling of mineral reserves (not exactly a foreign interest) but I don't think its an all or nothing arrangement. To sell anything to a foreign entity, NioCorp needs to have a mine built in the US, processing facilities constructed in the US, office building in the US, workers have to be hired and paid to construct the facilities in the US, engineering companies get paid in the US, Cement factories get paid in the US and the facility will have full time employees in the US (miners, staff) etc. All of those measures sink dollars back in to the local, state and federal taxes, companies and employees in the US.
Missed this news Friday, IBC will close its emc division this summer because they could find no new business when a current contract runs out.
https://finance.yahoo.com/news/ibc-advanced-alloys-shifts-focus-110000674.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHhfE3S7EOilBisTA2OFoo-wAXBgw1DmiuODA_Dum23KOKgd1R5WWKHF7u56DRymg4xet64xLQJOX_TgX8QW4T6KJyC0IBHWGSDPsDKM9frs82K7qYFC1LeKO19XXAiFzP7d6IIlAmzbYaZxngbn1W2jrvAn4jc3a7LGAsrrcSvr
I'm already laughing. At this point, nothing anyone writes matters but it might. Some may write to get people to sell others to buy. Personally, I don't care who buys or sells. Either EXIM funds or they don't. It's not our decision. If they do, ka-ching! If they don't. Well. Thank you for your post!
Dear AO, I recognize the feeling and empathize with you. I hope that we can laugh about this together in a short while as we look back on this downward rat race. If we reach the old targets set in the distant past: 'anything between 20 and 50 dollars is realistic once the mine is fully operational'. Pre-reverse split price!!! (equals 200-500 USD...). Just saying, my stomach turned when I just looked at the updated value of my portfolio this beautiful Monday afternoon...
Wait a minute. You posted 18 x on Lightwaves Message Board on April 24. Harrumph! Regarding the share price, if you keep talking the share price down you will be able pick up all those cheap shares like you said you wanted to happen. So look at the bright side. LOL
Isn't 75% of the niobium spoken for through off takes with foreign companies? Stellantis is a foreign company as well.
Wholeheartedly agree with your last sentence and don't forget they got their biggest ever haul of cheap as hell options as well. Unforgivable imo.
Didn't Mark have performance based compensation at Largo rather than a straight-up salary?
Beyond the full page in NB's presentation celebrating that they applied for a loan (wee!); one thing that I never see discussed here is that EXIM, the entity upon which 99% of NB's hopes are now pegged, is in place to facilitate and encourage exports, but all the arguments (like the ones AO just posted) revolve around domestic consumption. Just a little disconnect that I am sure will be brushed quickly aside.
I just checked on GX's last merger deal with Celularity. The price has been decimated down to 3 cents with a 1:10 r/s already done. The shareholders were wiped out. Niocorp has the same look as of today although they do have physical assets compared to a biotech. The person responsible for advising this merger should have been fired. GX is a virus that infects every company they come into contact with. Stock price down 77.5% as of this post. Absolute ****ing travesty that was heaped on retail shareholders. No institutional support whatsoever. Even if the stock rallies, some of the first retail wave is long gone.
Management should be ashamed of themselves for taking raises and bonuses while the price is in tatters.
Good points Al. Probably not until they see funding on the horizon. USGS is highly aware of the mineral deposits. Known many years before NioCorp was formed. Mine financing is a tough gig. Always has been because its very expensive to build. If EXIM goes through though, Wall St will be paying attention. You saw that with MP Materials debut. Everybody (Wall St) is just waiting for the other person (EXIM) to make the next move.
I think this news is the one the market hates.
https://www.tipranks.com/news/the-fly/niocorp-announces-closing-of-financing-agreement
Hard believe they could could not come up with better short-term financing than this.
Also, I think it's possible that there could have been some confusion among investors in Canada causing them to sell.
Neither. The recycling exploration doesn't need to take 5 years. Better not. I've got patience but not 5 more years or even 1 more year. NioCorp can sign a commitment to recycle but that should not be a stumbling block to EXIM funding. That's a question for mgt for certain because none of us can answer if a completed report on recycling is a condition of funding or just a long term goal. Mgt knows. How could they not? Regarding TSX, everybody will have a different opinion but I think its a simple consolidation. Happy to hear differing opinions.
“ know there are vast riches in the minerals beneath the ground and most know extracting and selling them will likely be a cash cow for the company and its investors.”
First I corrected your “their” to “there”,
These claimed vast riches just laying in the ground waiting to be plucked out has been one of the battle cries for quite a bit of time. With that said, why is big, serious and smart money not buying that claim? I mean after all don’t you think big smart money would be tripping all over themselves to try and get in the door to reap the benefits of these claimed vast riches? Huge red flag….
So which of these two newest news releases do you think the market doesn’t like?
April 18
https://www.niocorp.com/niocorp-plans-to-investigate-feasibility-of-rare-earth-permanent-magnet-recycling/
April 17
https://www.niocorp.com/niocorp-to-voluntarily-delist-from-the-tsx-in-favor-of-its-current-nasdaq-listing/
I would say the magnets recycling, because it sounds like every other “we think we will try this on for size” and take another three years for the feasibility study
********
Rah Rah sis boom bah.
I agree. This investment is a conundrum. It always has been. Those of us who have held for years and years (lost track how many years Ive been invested: 11 years, 12 years) know there are vast riches in the minerals beneath the ground in Elk Creek Nebraska and most investors know extracting and selling them will likely be a cash cow for the company and its investors. Problem is and always has been, how and when will financing come through. Personally, I believe the govt as a financier is a smart move because if the govt cant see the benefit how will any other entity. I could be wrong about that but the govt has all the reasons in the World why they might want to see this mine get funded. Mineral independence, support of US auto manufacturing, defense, jobs, transition to EV goals, the environment and so on. We have ZERO control over what they decide and just have to hedge our bets on how we think this financier will pan out and which way they are likely to decide until funding either gets approved or denied.
I think he/she/they/them are waiting on the dip in to the low 5’s to high 4’s to buy……🤣
“ As I said before, if it dips down into the low $5's or high $4's, it will be hard to resist acquiring more NB shares.”
LMFAOOOOOOO
All I’m saying is that claim was also made in the 5’s, 4’s and 3’s by a number of people.
Now anybody who took any of that advice are now down on any shares bought in the 5’s, 4’s and 3’s. So it is quite apparent that the 5’s, 4’s and 3’s were not great buying opportunities. But then again getting caught up in the ole averaging down has not worked out well for anyone who has tried either…
How about 2.20. Is that a good place to start.
Al, with all due respect (I actually like you and find you amusing), if your going to quote me, don't cut and paste excerpts out of context to try and make a point. The post in its entirety is neutral on whether to buy, sell or hold. Here is the actual post not a portion but thanks for trying to score a point. LOL!
"They and everybody else will miss an opportunity to buy low cost shares (IF) NioCorp gets EXIM funding though I would not characterize anyone as being stupid if they don't buy shares because we don't know for certain IF NioCorp will get EXIM funding. People have to make their own decisions on how to manage their own finances. To buy, sell or hold. If NioCorp doesn't get EXIM funding, then back to the drawing board. This has always been a risk high reward investment. Now its getting down to the wire. This is a tumultuous time waiting for an answer out from EXIM. That I can say for certain. And only mgt knows what's going on behind the scenes. Lucky them."
“ They and everybody else will miss an opportunity to buy low cost shares”
With all due respect, this was said in the 5’s, 4’s and 3’s…..
“misleading Bullshit.”
Yep and a ton of it can be found in your posting/pumping history!!!
Did they secure that separate placement because they were getting too close to the floor price?
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Moderators Prudent Capitalist stark12 Landmark8211111 Nebraskan ALDRADJKD123 Rader1977 |
NioCorp Developments Ltd. is a U.S.-based mineral development company focused on developing several superalloy metals from the proposed Elk Creek, Nebraska Critical Minerals Mine. NioCorp plans to produce three commercial mineral products — Niobium, Scandium, and Titanium — from a single ore body in the Midwestern United States. NioCorp's Elk Creek Project is highly unique. It is North America's only niobium / scandium / titanium project. It is the highest grade niobium project in North America. It is one of the largest prospective producers of scandium in the world. Once in production, it will initiate the first production in the U.S. in decades of Niobium and Scandium. All three of the Project's proposed superalloy metals have been designed as "Critical Minerals" by the U.S. Government.
NioCorp is a publicly company that is listed on both the Toronto Stock Exchange under the ticker symbol "NB" and on the U.S.-based OTCQX exchange under the symbol "NIOBF." Shares are also traded on the Frankfurt Exchange, under the ticker symbol "BR3."
NioCorp Developments Ltd.—
General Inquiries:
Telephone: (720) 639-4647
Investor Relations:
Jim Sims, VP External Affairs
Phone: +1 855-2-NIOCORP (855-264-6267)
Email: jim.sims@niocorp.com
NioCorp Developments Ltd.— Denver
7000 S. Yosemite St., Suite 115, Centennial, CO 80112
Reporting Status | International Reporting: TSX Venture Exchange |
Audited Financials | Audited |
Latest Report | 2/7/20 (FOR REPORTING PERIOD ENDING 12/19) |
CIK | 0001512228 |
Fiscal Year End | 6/30 |
OTC Marketplace | OTCQX International |
SIC - Industry Classification | 1061 - Ferro-alloy ores (except vanadium) |
Business Status | Development Stage Company a/o |
Incorporated In: | British Columbia, Canada |
Year of Inc. | 1987 |
DIRECTORS AND MANAGEMENT
Mark A. Smith | CEO, President |
Neal Shah | CFO |
Jim Sims | VP, Bus. Affairs, IR |
Scott Honan | VP, Bus. Dev. & Corp. Rel. |
John Ashburn, Jr. | Vice President, General Counsel, Corporate Secretary |
CORPORATE PRESENTATION: http://niocorp.com/wp-content/uploads/NIoCorp_Corporate_Presentation.pdf
Overview of the Elk Creek Project: http://www.niocorp.com/elk-creek-project/
U.S. Geological Society description of Elk Creek Carbonatite
"The Elk Creek carbonatite, located south of Lincoln, has the potential to be one of the largest global resources of niobium and rare-earth elements (REE). These REE's have many important applications in industry, including petroleum-cracking catalysis, steel alloying, and glass polishing, and as sources of permanent magnets and phosphorus for television and lighting.
The Elk Creek carbonatite is buried beneath about 500 feet of overlying rock and is known only from drill cores, which, until recently, have remained proprietary. Scientists from the USGS and the Conservation and Survey Division (CSD) of the Institute of Agriculture and Natural Resources at the University of Nebraska--Lincoln have studied drill cores."
LINK TO CHART: http://stockcharts.com/h-sc/ui?s=NIOBF&p=W&yr=2&mn=0&dy=0&id=p85189412906
Website: http://www.niocorp.com
MEDIA, LINKS, SELECTED PRESS RELEASES :
http://investorintel.com/technology-metals-intel/niocorps-mark-smith-on-the-rising-global-interest-in-superalloys-scandium-and-niobium/
http://niocorp.com/index.php/press-releases/299-positive-metallurgical-test-results-point-to-process-breakthrough-that-may-help-reduce-capex-and-opex-in-niocorp-s-elk-creek-project
https://www.youtube.com/watch?v=OKO2VkR2MMk&feature=youtu.be
https://www.youtube.com/watch?v=mWOHEQRzWQQ&feature=youtu.be
https://www.youtube.com/watch?v=u_earl9doNM&feature=youtu.be
http://niocorp.com/index.php/press-releases/230-niocorp-named-the-top-performing-mining-company-on-the-tsx-venture-exchange-and-announces-conditional-approval-of-graduation-to-the-toronto-stock-exchange
https://www.youtube.com/watch?v=IbEbivUi2o4
http://wallstreetanalyzer.com/niocorp-developments-tsxvnbotcqxniobf-ceo-interview-update/
http://www.youtube.com/watch?v=R19DMe1ouqg
http://www.niocorp.com/index.php/press-releases/media/197-niocorp-ceo-mark-smith-interviewed-by-bnn
http://www.niocorp.com/index.php/press-releases/media/190-bold-nebraska-comments-on-the-development-of-the-elk-creek-niobium-deposit
http://www.niocorp.com/index.php/press-releases/media/189-tracy-weslosky
http://www.quantumrareearth.com/press-releases/163-former-molycorp-ceo-mark-a-smith-joins-niocorp-developments-ltd.html
http://www.niocorp.com/index.php/press-releases/media/183-rare-mineral-project-in-nebraska-to-bring-huge-economic-opportunities
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make super-high-performance alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and has extensive uses in aerospace, defense, transportation, medical, and other applications. It also is a key component of pigments used in paper, paint and plastics.
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