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Hmmmm Mark Smith was a Director at Talison Lithium.
I guess now we know how Peter Oliver knows him and wound up on our board of directors.
I wonder why Mark Smith neglected to tell us that when Peter showed up?
2013 PR
They haven't even gotten their permitting done yet. Our mine could potentially start construction before theirs. IMO the surge on financing and the drop off until production/profitability is to be expected.
As you said, we have more products. We also might have waves of news if/as additional funding and off-takes materialize, milestones are reached (new FS, recycling developments), and/or technological advances make our products more valuable.
Come on! Look at what we have under the surface of beautiful Nebraska! Sc, Nb, and REEs are more needed then Li…. So I’m not concerned at all!!
FY24 DoE budget signed 3/9 ✔️
Mark's presentation at SAFE Summit 3/12 ✔️
FY24 DoD budget signed 3/24 ✔️
EXIM issues term sheet 4/15 ✔️
EXIM questions close 5/6 ✔️
EXIM Board preliminary approval?
EXIM decision hopefully by 6/30?
Stellantis and/or others onboard?
FS funding and completion?
MSP assistance?
Shovels in?
IBC?
We wait and see!
Because they had to kiss a lot of frogs to find the right one?
Start-up companies sell shares until they don't. That's just reality.
The gov't funding opportunities that exist today did not exist 3 years ago. Geopolitics change. Rules change. Budgets change. I think a clear argument can be made that Mark lobbied for recognition of the importance of the minerals and the mine, and for many of the policy changes in the last 3 years, and that those lobbying efforts have now yielded the fruit that's about to be made into a scrumptious pie to be served at the upcoming wedding which will be heralded across the globe.
Save the date.
Press your suit and polish your shoes. JMHO
Someone here will likely stand up and object regardless.
Here is a post on this board about the same time MP Materials received their government money back in 2022. If we would have received $35 Million, it would have been a great cornerstone investor.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167835220
I think it was slow walked by Mark.
Up until 3 years ago there was no talk of government financing. Actually the opposite was said, that we don’t want government financing or have any interest in a reverse split. And like Magic, it is all history.
Remember back when we were all getting excited about an Air Permit? Ah, simpler times. The Salad Days.
Exactly............I think our project is getting slow walked by this Administration...My opinion only.......Go NioCorp
Not to speak for GE11
But I think the point ge is trying to make is why is NioCorp always the bridesmaid never the bride?
Our shareholdings are being systematically diluted more and more.
**********
Just my Opinion
Things that were promised never came to bare fruit when we were told the fruit was ripe for the picking. And now we are giving away for free the fruit to those seemingly butting in line, that the rest of us waited in line for, to have first taste of that American Apple pie.
Mad? Why not?
Perhaps because DoD had stricter contracting rules back then, and NioCorp had no major funding source to show that they could ultimately produce anything for DoD even if DoD gave them a few bucks. I don't think they could pay for feasibility studies back then anyway. Unclear why they didn't go after the IRS 48c money, but maybe because it derives from tax credits and they had/have no income. I'm just guessing on both.
Not sure I get the point? It takes time to build the plant and get it producing. I guess you can still say the same thing in 2 years about importing all our critical minerals because the mine will take more than 3 to get operational.
So if NioCorp would have received from the Government $35 Million, that might have been what they needed to get the cornerstone investor, or A,B,C or D, and we would not had to gone the route of the SPAC, and NioCorp would be operational by late 2025.
But back to my point.....all minerals from MP Materials are still f##cking going to CHINA
Is MP Material processing minerals in Texas or are they still going to China???
As I have stated before, I believe that EXIM is the key to unlock all the other funding. There are multiple pots of money potentially available to do all of those things, and you should ask EXIM and NioCorp whether it would have made any difference. EXIM still likely would have sent out their 60 day questionnaire and I think that's been the biggest speed bump we've seen. Could it have shaved a month or two off the process? Maybe? Who knows? Does it matter? We're here now.
It's about Biden being able to say he's investing in American businesses and American jobs and protecting American infrastructure and securing American supply chains to help usher in American independence from oil and honor America's commitment to green energy all while ensuring that those American companies use the correct pronouns. I could be wrong, but I don't think Aquatech, Beta and the Packwell Plastics Packaging and Warehouse Facility Construction Project combined have the same juice?
That was over 2 years ago they got the money, if NioCorp got it we would be close to operational. Are they processing minerals in Texas or are they still going to China......figure out whose side your on AO.....Go NioCorp!!!
MP is an operating mine that received money from the DOD and DOE to help build a domestic REE processing facility in Texas. NB is a startup in the application process to receive funding from EXIM Bank.
I don’t , But I also think NioCorp should have bid on Mountain Pass , now owned by MP materials when it was in bankruptcy. It was taken cheap for $20 million
Mark Smith has done nothing regarding rare earth elements in the last 10 years, and he actually changed the name and got rid of projects that quantum rare earth / NioCorp owned when he came on board. I think he had an agreement that he didn’t let shareholders know that he could not touch rare earth elements for 10 years.
But that’s just my conspiratorial opinion
AO
So you think MP Materials should have received money before NioCorp??????
That’s why they are billionaires.
As the saying goes.
“Why buy the milk when you can get it for free?”
So MP could open a domestic REE processing facility domestically in Texas.
MP Materials Begins Construction on Texas Rare Earth Magnetics Factory to Restore Full U.S. Supply Chain
https://mpmaterials.com/articles/mp-materials-begins-construction-on-texas-rare-earth-magnetics-factory-to-restore-full-us-supply-chain/
Who knows. I suppose it’s because China has us all by the balls.
I suppose that’s why this administration put forward the Make More in America strategy.
We need $$$ to finish the third feasibility study. However, the company just takes out small amounts from toxic lender Yorkville to pay their salaries.
We have multi millionaires on the BOD that aren’t willing to invest in the company to get us over the finish line. Mark used the toxic financing to get his $5 million dollar loan paid off, but that ended up costing Niocorp investors hundreds of millions in market cap loss?!?! We are told we are shovel ready and ready to go. What’s wrong with this picture?!?! 🤔
Back on topic.....PutzMueler please explain to me why this Administration has given money to MP Materials, while all their minerals go to China????
Stick with Italy politics. LoL
Trump’s a ConMan and you are being conned
As a bruised and battered man once said,
“Why can’t we all just get along”,
Sigh
Irrelevant. NE is reliably red except for district 2. yawn. The announcement of further progress on the mine would not sway a single voter ESPECIALLY in district 2. Nobody knows about this company except those invested, involved, or in the local area. I could ask 100 people here in Omaha and maybe 1 would recognize the name. I'm one of the few only because I'm from the local area. I'll bet Trump has never even heard the word "Niocorp". If the election comes before substantial news, we have problems very very bigly anyway.
I don't think I expressed my question clearly. I agree wholeheartedly that China is a bad actor and 800 million from exim absolutely opens up all sorts of possibilities.
Before that happens though, they need to raise more capital from another source. At the very least they need money to pay for the rest of the exims due diligence, possiby to finish the feasibility study as well. If one of the multiple funding opportunities Mark talks about had come through a couple of months ago, would the decision from exim have happened sooner?
You can not take away my bets someday NB pps reaches say $20, I would have roughly $9.5 millions profits.
I'll answer your last question first, No. China has been manipulating the market for over a decade and thereby influencing private financing. EXIM unlocks funds that might not otherwise be available. That's their mission.
You would have to ask Jim why he said what he said. I can tell you that a PR guy saying that he can't say unless he, A. Knows, AND B. Can release it, is standard procedure. He doesn't know the EXIM answer and even if he did, he can't release it. He has to respond in some order. Maybe they're so confident in EXIM, the next priority is funding for the FS.
I've posted all this before. This is my opinion, based exclusively on facts and timelines, not supposition, innuendo or emotion. You're welcome to yours. Perspective is everything and ours are clearly different. I don't read those comments the same way that you do, and I don't view the future the same way you do, especially considering your previous posts. But, I'll give you credit if you actually bought back in.
The first sentence says they are working on multiple funding opportunities. He has said many entities are interested across government and private sectors. Nowhere does it say EXIM needs an updated FS. There are two. I think REEs are cherries on top of the cake. My opinion. Do your own due diligence and make your own investment decisions.
NioCorp initially applied to EXIM 2/2023
EXIM provided an LOI 3/2023.
Drilling was completed 6/2023.
Niocorp formallly applied to EXIM 6/2023
Stellantis came on board 7/2023.
Nebraska’s Senator and Congressman Secure $10 Million in Federal Funding for U.S. Aluminum-Scandium Master Alloy Production 9/2023
Niocorp passed first level EXIM review 10/2023
EXIM posted the pending Niocorp transaction in 11/2023
Titanium Is a Strategic Metal – And the U.S. Might Not Have Enough 1/2024
EXIM issued term sheet 4/2023
If ExIm loan is to be considered as commercial construction loan, then NB better put their finance in order. Without other parts of needed finance in place, ExIm loan may not be available. Just my opinion.
Are you kidding me??? Chico is just a biased based googler. No wonder you are losing large.
Chico- Hope all is well! I don't want to call you out, but you might be the most knowledgeable and respected MB shareholder, your research and information presentations are legendary here on this board........... as such and totally optional, can i ask you a question!?
Why do you think nobody knows about Niocorp? we don't appear in any industry mining articles (for CE's or REE's).... we get no love from the institutions since listing on NSDQ, our share price hovers around a pack of gum, and we just keep resetting the 6-9 month clock over and over..... do you think we will have our 'day in the sun' if/when we close the EXIM financing and get some equity finance love and offtake with Stellantis........ Strictly off the record :) hehehe, what is your prediction for the next few quarters (assuming that those aforemtntioned milestones get accomplished)...
Thanks for all of your dedicated research and input for all of us MB shareholders! it by far dwarfs the effort of any other single MB shareholder, and everyone benefits significantly...... again, my questions are optional......
Yaddddda............
NCT-
If EXIM does not need see an updated feasibility study why did Jim seemingly prioritize paying for one over funding exim's due diligence needs? From his email to Walter-
Proceeds from any of multiple financings on which we are working now are slated to go toward the costs of several elements of the Project: (1) completing our updated Feasibility Study, including engineering of the Project’s new process flow sheet; (2) costs associated with the EXIM bank’s loan due diligence process, (3) costs associated with due diligence processes with large equity investments needed to complete the Project’s up-front CAPEX requirements
Do you think the company's difficulty raising capital has slowed down the process with exim?
$2.3b to build their mine from the Department of Energy (EXIM who with $800 m?). Was already an existing company, Lithium Americas, til they split off Thacker Pass, so they already had investors. LAC got $650m from GM. Lithium gets a lot more media play than Niobium, Scandium, Titanium and the mystery rare earths. Wyoming and Montana get a lot more media play than Nebraska. Maybe it's messaging, or a lack of?
https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Provides-a-Thacker-Pass-Construction-Plan-Update/default.aspx
https://lithiumamericas.com/investor/laac-separation/default.aspx
I think this happens sooner rather than later. They knew when they applied for the LOI what was required. Well over a year so far, so plenty of time to put a pretty package together with a big bow on it and dot the i's and cross the t's. Everyone NEEDS this. EXIM WANTS this. The Prez WANTS this. Western nations WANT this. Private industry WANTS this. Nebraska WANTS this. Delaware mails out absentee ballots 60 days before the election. That's 9/6. Requiring an updated FS doesn't make sense to me given the steps that have been passed to date, and that could substantially delay this which does the admin no good.
https://www.ncsl.org/elections-and-campaigns/table-7-when-states-mail-out-absentee-mail-ballots
“Lithium Americas Receives Conditional Commitment for $2.26 Billion ATVM Loan from the U.S. DOE for Construction of Thacker Pass” …
LM.
$1.2b market cap vs our $95m
217m LAC shares out vs 36m NB shares out.
***********
And then we go into the minerals
Scratching my head @ 99% derisked. Haha
The 1% risk happens to be the Elephant Financing.
I absolutely get it, but I'm from a different time (and I'm beginning to believe from a different planet) so I set my hopes on 10. No clue how long the bump, if any, would last, since they go into about 3+? years of build with no revenue. $20-$25-$30++++ would all be great, that's what I have a couple of warrants for.
There was something, I think I posted it, but can't find the post or the info. It's a conditional loan, so I'm wondering if the extra $275 million they raised shortly after was part of the conditions.
I don't think anyone needs any reminders...... but $10 is really $1 and even $20 is actually $2 pre-RS debacle.... if we don't get over $25 with the financing + EXIM, i, as many others i'm sure, will be VERY dissappointed and will hope to see the company sold off to another mgmt. leadership team.... there is NO WAY a $4B NPV company with 40M-60M range of shares outstanding should trade for under $30 even pre-production! damn.... we have been beaten down and fed dog food and table scraps for so long that many are conditioned to settle for paltry SP value..... Remember this wild ride, fraught with MANY twists and turns (and crashes) has tested the mettle (and sanity) of all the loyal shareholders (notwithstanding the shareholders who have pumped the stock years ago and accumulated a 'flock' and now are turning on the company with non stop bashing......... Anyway, back to the point..... If this team cannot promote this mine once we get the dough... then move aside and let another team have their crack at it......
NCT- waxing however ineloquently
Gman- that Lithium America Huge financing with literally NO SP appreciation concerns me too...... but didn't you say earlier that there were some 'mitigating circumstances' in that case?? maybe they have toxic biohazard water or maybe their SPAC'lers structured the deal so that the stock would stay under $5 until they were ready to pop it to $30!! sounds like ours.... hahahahaha.....
Yaddda yaddda and freakin' yadddddy....
NCT
I don't think it ever came close to doubling? The high was only $7.35 US at the peak on 4/11 (according to eTrade) after the DOE announcement which was on 3/14, when it was $6.83. In Feb, long before the loan announcement, it was at $4.09, so not even a double from there. Then they announced on 4/17 they were selling 55 million shares at $5 to raise another $275 million, it crashed, and now it's at $4.32. Your link was shown in Monopoly money (CAN) so the $10 is misleading :)
I don't think a double from here would be all that great, but I'll take it if that's all we get. $10 would be nice!
https://finance.yahoo.com/quote/LAC/history/
https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Closes-US275-Million-Underwritten-Public-Offering/default.aspx
https://investorplace.com/2024/04/why-is-lithium-americas-lac-stock-down-28-today/
Plus the convertible into Niocorp ECRC shares of about 4mm. So 40,000,000. Before the space deal it was 28,000,000. Stunning dilution in a year. Plus many, many more cheap warrants and options now issued. Unbelievable shareholder value destruction.
As of May 2, 2024, the registrant had 36,483,550 Common Shares outstanding.
Changed my position
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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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