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I'm sure Mark didn't just turn around and go home because he missed the show! He had plenty of time for meet and greet conversations of grandeur.
He's probably on his way back today all pooped out from partying!
Also we paid his way there, and he is delayed at the airport?
Money well spent.
Now maybe he can check out the other Safecapital
Blockchain MasterNode Financing
https://www.safecapital.io/
You would think that people
in our Department of Defense would be taking notice. You cannot build modern high tech weapons systems without Rare Earths and aerospace grade Ti. Nearly all of this comes from China or Russia. That should worry a lot of people in the DoD. Sure seems like coming from Nebraska would be preferable.
Yes, Walter, thank you very much for sharing the information from the virtual meeting that is so publicly available to all shareholders on a non-discriminatory basis!
walterc...can you send it to me? Thanks
Thank you, Walter!
WHOA! AWESOME post PM! Thank you for sharing! Just read the article.... That Titanium is potent stuff! I would imagine the U.S. Govt. & Industry would be interested in adding a secure stable supply soon!
Chico
BM/All I would like to share one last tidbit of information with all. As I too have bugged Jim/Niocorp about any HINTS to Rare Earths & there Final Separation like many here... "WE ARE ALL AWAITING!"
Not to mention the Capex/Opex savings you mention BM! =)
Sharing Jims response as Niocorp does have legal DISCLOSURE constraints to deal with in regards to all "Material News releases"! (Glad I'm not a Lawyer lol!)
~MAY, 26th 2023~
It is what it is.
Just saying
Don't hang a carrot in front of my nose and then feed it to another dark horse.
Debate is good.
You can't paint the company's colors, they do that.
People say what they believe, unless there is an agenda as we have all seen.
Assuming the board isn't interested in your opinions?
Or do you need to disseminate insider info in an email?
The Nerve.
***************
Even though you are not that guy,,, perception.
good morning Walter! as always, the mail I received was fine again! beautiful little exposition so far! top
ok. you get a mail today
Sam@sankta.be
could you send me your email
Can you enlighten us already a little bit? I was refreshing like a crazy man yesterday every 10minutes to see whether you posted a summary already
Yesterday I was present at the Safecapital meeting. Mark Smith and Dean Kehler were stuck at the airport and could therefore not make the trip in time but gave a livestream presentation which Safecapital hopes to have a replay ready by Thursday. I will ask permission to get it distributed. I think everybody will love it.
. keep your eyes and ears wide open.
Mark and Dean will also come in June to Europe.
I think the answer to your question is
because he already knows the answer. Chico posted the answer. It was pretty clear. He just wants to stir turmoil. To apply for a patent you have to be fully aware of all the details of the technology you are trying to patent. At this particular point in time the only companies that are fully aware are Niocorp and L3. Jim made it very clear months ago that Niocorp owns the technology that they paid L3 to develop. Niocorp owns the technology and Niocorp has filed a patent application on the technology THAT THEY OWN. This is NOT complicated (unless someone wants to make it complicated,)
Why not contact the company on your own to get your questions answered?
I haven't claimed anything. (unlike most posters on this thread).
I have asked questions that anyone has the right to ask.
This is a stock discussion thread. If people don't like the question, they don't have to respond.
I don't need to dig at all.
Your the one throwing out the (so far), unsubstantiated claims.
I have no idea what you are saying, other than you seem to be suggesting the company is lying in the News Release about being patent pending.
My, my...
All this run-around just to cover up the possibility that Niocorp does not have a patent or a pending patent, but may be relying on a patent from another company, who they may have an agreement with, which might include issuing 30,000,000 shares of stock to that company.
You might want to dig a little deeper.
Well you're not looking very hard from where I stand, and it is your question to answer!!
I see lots of claims and no facts.
All I am looking for is the truth.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172006279
"{But their name is on the application for Patent, I'm sure. (patent pending) "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172006342
"NioCorp’s patent-pending demonstration scale rare earth extraction and purification solvent extraction process operation is ongoing in Trois-Rivieres, Quebec,"
FYI,, Patent Pending has some clout!
Did you even bother to read the response from Niocorp?
".....While our focus remains on using proven commercial technologies in the public domain, we will act to protect the parts of our process that may be novel. "
proven tech
in the public domain......
If it isn't a Patent yet there is no owner.
When it is a Patent, then all that has been said, will be done!
But their name is on the application for Patent, I'm sure. (patent pending)
Fill your boots, and prove that false.
I don't mind, and really don't care, because common sense does not work here.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172005512
That is not an answer to "who owns the patent."
It is a 'non-answer'.
Big difference between patent and intellectual rights.
3) - Who owns the patent/rights to this New Process being implemented? Or can it be licensed moving forward?
RESPONSE:
"We hold the rights to any intellectual property developed and related to the Elk Creek process by virtue of our contractual relationships with L3 and other entities involved in the work. While our focus remains on using proven commercial technologies in the public domain, we will act to protect the parts of our process that may be novel. "
Wow, Chico, thanks for another outstanding post!
Nice finds chico, thanks for posting.
We don’t have the final numbers
for REEs yet but I expect we will be seeing them soon. Scott said some of the goals for L3 were to simplify the processing and to optimize the processing. It appears that those goals have been met. Titanium is the least valuable of our products and we are extracting almost 90% of the Ti. For all of our more valuable products we are well over 90%. That sounds optimized to me. There is going to be a point of diminishing returns where you use more and more reagents and more processes and only get a bit more product. Scott has said these new processing techniques were a lot simpler and would probably cost less to build. We now know that they work. They have been demonstrated. They have proven that they can remove the Mg and Ca up front. That makes all the equipment after that smaller and eliminates the acid plant. I am really looking forward the revised CAPEX and OPEX numbers. The other thing that has come out of L3 is quite an expansion of our product line. Although the final decision has not been made, it certainly looks like we will be producing three REEs. We will be able to produce Niobium oxide in addition to ferroniobium. In addition to the Ti that we planned to produce we can also produce titanium tetrachloride and high purity aerospace grade Ti. We have a lot more products, we are extracting more of each one, and we are doing all this in a plant that will probably cost less to build and operate.
The downside is these are some major changes to the processing plant. A lot of redesign work must be done and then cost estimates prepared. These guys are pretty good at setting priorities and figuring sequence of events. The recent geotech work provides some of the data needed for the design of the surface plant. I believe that work was done because that data is needed now.
AWESOME find Stark! Thank you for sharing along with so many others here on the board. Most welcome read indeed!
Chico
NIOCORPS~ TITANIUM~RECENT USES & the Green Hydrogen Revolution for your consideration!
~MAY 26th 2023~NioCorp Demonstrates the Ability to Potentially Double Projected Titanium Recovery Rates for the Elk Creek Project
Demonstration Plant Shows New Recovery Process May Double NioCorp’s Titanium Production per Tonne of Ore as well as Produce a Higher Purity Product that May Command Higher Market Prices
Just Take a look at what TITANIUM can do!
APRIL 20, 2023~ TITANIUM~IPERIONX (ANOTHER FUTURE TITANIUM PRODUCER POSTS THEIR GREEN HYDROGEN MARKET ASSESSMENT~
https://www.businesswire.com/news/home/20230420005449/en/IperionX-Green-Hydrogen-Market-Assessment
Green hydrogen production is forecast to surge by over 1,000x by 2030, driven by the increasing demand for clean energy, the need to reduce greenhouse gas emissions and record government incentives to accelerate the scale-up of green hydrogen. Titanium is an essential material for the Proton Exchange Membrane electrolyzers used in green hydrogen production and for hydrogen fuel cells that will power automotive, truck and bus transportation, as well as marine, aerospace and military applications.
The attached ‘Green Hydrogen Market Assessment’ presentation highlights that the expected surge in green hydrogen will require very large quantities of titanium - and without significant new investment in new titanium production capacity and far higher rates of titanium recycling - the potential global demand from green hydrogen could be as large as the entire current global titanium market by 2040.
Further, significant U.S. Government incentives, such as the $370 billion Inflation Reduction Act, which includes up to a $3/kg hydrogen production tax credit and a 30% capital expenditure tax credit, underpin near term growth in green hydrogen, providing opportunities for U.S. regions rich in plentiful renewable energy sources to be amongst the lowest cost global hydrogen producers.
PERHAPS THE DoE/LPO IS INTERESTED IN WHAT NIOCORP WILL PRODUCE? "I Think so..."
TAKE A LOOK AT JUST A FEW OF THE MAJOR PLAYERS THAT MIGHT BE INTERESTED IN NIOCORPS IMPROVED TITANIUM:
TITANIUM FOR BATTERIES TOO!
APRIL 20, 2023~ Development of Bronze Phase Titanium Dioxide Nanorods for Use as Fast-Charging Anode Materials in Lithium-Ion Batteries ~
https://pubs.acs.org/doi/10.1021/acsomega.3c00618
Bronze phase titanium dioxide (TiO2(B)) nanorods were successfully prepared via a hydrothermal method together with an ion exchange process and calcination by using anatase titanium dioxide precursors in the alkali hydrothermal system. TiO2 precursors promoted the elongation of nanorod morphology. The different hydrothermal temperatures and reaction times demonstrated that the synthesis parameters had a significant influence on phase formation and physical morphologies during the fabrication process. The effects of the synthesis conditions on the tailoring of the crystal morphology were discussed. The growth direction of the TiO2(B) nanorods was investigated by X-ray diffractometry (XRD) and scanning electron microscopy (SEM). The as-synthesized TiO2(B) nanorods obtained after calcination were used as anode materials and tested the efficiency of Li-ion batteries. This research will study the effects of particle morphologies and crystallinity of TiO2(B) derived from a modified hydrothermal method on the capacity and charging rate of the Li-ion battery. The TiO2(B) nanorods, which were synthesized by using a hydrothermal temperature of 220 °C for 12 h, presented excellent electrochemical performance with the highest Li storage capacity (348.8 mAh/g for 100 cycles at a current density of 100 mA/g) and excellent high-rate cycling capability (a specific capacity of 207.3 mAh/g for 1000 cycles at a rate of 5000 mA/g).
TiO2(B) nanorods were successfully prepared via a hydrothermal method with a subsequent ion exchange process and calcination. The influences of synthesis conditions such as hydrothermal temperature and hydrothermal time on particle size, particle morphology, and crystallinity of as-synthesized TiO2(B) were discussed. Moreover, the size of TiO2(B) nanorods, the crystallinity of the TiO2(B) structure, and the physical morphology of the TiO2(B) nanorods have an influence on the battery performance. After 100 cycles, the TiO2 synthesized at 220 °C hydrothermal temperature for 12 h exhibited the best capacity of 348.8 mAh/g at a current density of 100 mA/g. Also, the optimal TiO2(B) nanorod materials possessed excellent fast charge ability at 15C and superior cycling stability over 1000 cycles.
April 10, 2023 ~Japan to subsidize aircraft parts investments as war imperils supply components made of TITANIUM ALLOYS crucial to reducing plane weight ~ by KO FUJIOKA, Nikkei staff writer
https://asia.nikkei.com/Business/Transportation/Japan-to-subsidize-aircraft-parts-investments-as-war-imperils-supply
TOKYO -- Japan will help expand domestic manufacturing of aircraft components by subsidizing up to 50% of capacity investments, as the war in Ukraine threatens the supply of Russian parts made of TITANIUM ALLOYS.
March 30, 2023 NIOBIUM & TITANIUM MXENES~Thermal paint: MXene spray coating can harness infrared radiation for heating or cooling~ by Drexel University
https://phys.org/news/2023-03-thermal-mxene-spray-coating-harness.html
The researchers found that niobium carbide MXenes could effectively dissipate heat while titanium carbide exhibited exceptional heat shielding, with its temperature rising only to 43 degrees Celsius after being heated for five minutes on a 110-degree hotplate.
"High emissivity like in niobium carbide is also possible in dielectric materials," Gogotsi said. "However, MXenes combine this ability with electrical conductivity, which means these MXenes can also be used as active electrical heating elements with the supply of external power."
A coating of titanium carbide MXene was found to strengthen materials against infrared radiation penetration and emission. In testing, the MXene-coated materials, even with a thin coating, performed better at shielding infrared radiation than polished metals, which are currently the best performing commercial materials. This means that MXenes could be integrated into lightweight clothing that keep the wearer warm in extreme environments.
To test it, the team dyed a cotton t-shirt with a titanium carbide MXene solution and used an infrared thermal camera to monitor the temperature of a person wearing it. The results showed that the MXene-coated shirt kept its wearer about 10-15 degrees Celsius cooler—about room temperature—than a person wearing a normal tee shirt.
These results suggest that MXene-coated garments are effective at maintaining body temperature, while also offering the advantage of being applied via a comparatively eaiser dip-coating process than most thermal clothing requires.
"Commercial thermal clothes use very thin polymer fibers with low thermal conductivity—fleece, for example," said Lingyi Bi, a doctoral researcher in Gogotsi's lab, with expertise in textiles. "They keep us warm by minimizing heat transfer through the fabric, to do this effectively they must be very thick. But MXene primarily keeps us warm by preventing the escape of the body heat as infrared radiation. Therefore, a MXene coating thinner than silk could provide effective warming. This is the same principle that is used in Mylar thermal blankets that runners get after a cold-weather race."
Gogotsi suggests that the IR-blocking capability could also be used to camouflage people and equipment from thermal detection devices, or to covertly transmit information via radiofrequency identification codes visible only to infrared readers.
The team plans to continue studying the mechanisms underlying MXene's IR block and emitting behavior, as well as testing MXenes with different chemical compositions to optimize their potential as radiative heating and cooling materials.
MARCH 27, 2023~ RESEARCHERS TEST HIGH-CAPACITY TITANIUM-AIR BATTERY By Ariel Grossman,
https://nocamels.com/2023/03/researchers-test-high-capacity-titanium-air-battery/
Researchers have, for the first time, tested a titanium-air battery, which could theoretically store up to three times more energy than standard batteries.
That would be a major advantage over the zinc-air combination currently used in hearing aids, sensors and other small devices.
The study was conducted by scientists at the Technion – Israel Institute of Technology in Haifa, and at the Forschungszentrum Jülich, a German research institute.
The researchers succeeded in utilizing its potential as a battery by applying a liquid that consists of salt and has a low melting point, also known as an ionic liquid.
Titanium-air batteries may also be used for large-scale stationary storage systems that use low-cost, common, and non-toxic materials. It could be a replacement for lithium, which is a more expensive resource.
Titanium is the ninth most frequently occurring material in the Earth’s crust, and there are plenty of its resources available for battery use.
In metal-air batteries, the contained metal reacts with the oxygen in the air to release electrical energy. Unlike other kinds of batteries, it obtains oxygen from the ambient air via a special electrode and does not have to be kept in the battery.
Therefore, significantly higher energy densities can be realized with these systems than with common battery types, at least in theory.
The study was published in the Chemical Engineering Journal.
Breaking the passivity wall of metals: Exempli gratia non-aqueous Ti–air battery | Elsevier Enhanced Reader
MARCH 12, 2023, ~ TOYOTA DEVELOPS A TITANIUM-ELECTROLYZER USING MIRAI TECHNOLOGY!
https://www.greencarcongress.com/2023/03/20230312-toyota.html
TOYOTA has used TITANIUM for the stack separator, which was developed for FCEVs and has been used since the first-generation Mirai. It was developed to improve the durability that is required of electrolysis equipment using titanium's high corrosion resistance maintaining almost the same level of performance even after 80,000 hours of operation so that it can be used safely over a long period of time.
March 8, 2023, ~SCANDIUM ~New kind of transistor could shrink communications devices on smartphones~ (ScAlN) Written By:Catharine June
https://news.umich.edu/new-kind-of-transistor-could-shrink-communications-devices-on-smartphones/
MARCH 7, 2023 ~Complex oxides could power the computers of the future~
by University of Groningen
https://techxplore.com/news/2023-03-complex-oxides-power-future.html
NIOBIUM DOPED STRONTIUM TITANATE ~ (SrTiO3 or STO)~
MARCH 1, 2023 ~U.S. Department of Commerce Issues First Notice of Funding Opportunity for CHIPS and Science Act~
https://www.venable.com/insights/publications/2023/03/us-department-of-commerce-issues-first-notice
CHIPS for America funding provides "manufacturing incentives to restore U.S. leadership in semiconductor manufacturing, support good-paying jobs across the semiconductor supply chain, and advance U.S. economic and national security." This comprises $50 billion in investment and awards aimed at the U.S. semiconductor industry, "including $39 billion in semiconductor incentives." The first CHIPS funding opportunity is directed specifically at "projects to construct, expand, or modernize commercial facilities for the production of leading-edge, current-generation, and mature-node semiconductors. This includes both front-end wafer fabrication and back-end packaging." Incentives "will take the form of direct funding, federal loans, and/or federal guarantees of third-party loans."
FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE!
TO READ WITH COFFEE!
https://issuu.com/titaniumtoday/docs/titaniumtoday_q1_041723/1
MARCH 13, 2023 ~ Is Niocorp still engaged with "Several Federal Agencies" other than the EXIM Bank as sources for "Debt" or Off-take agreements? Comment if you can...?
Response:
Cool, I knew that. I just didn't want to hunt through your posts to find Jim's response. Thought that just referencing a PR would get the point across. I appreciate all your DD...thanks much.
Nice find Stark,
Cheers.
“Titanium Extraction Revolution: Niocorp Doubles Recovery Rates and Taps Into Burgeoning Market Demand”.
Gaalen Engen
May 26, 2023
Nebraskan- NIOCORP answered the PATENT question in 2022!
See 3rd Question & Response.
Sharing Jims's responses to " Relevant" questions on 11/15/2022:
1) - Has Niocorp recently applied for a DoE/LPO loan for "debt"..?
RESPONSE:
The last few days have been great for news of the progress made by L3 with its processes and streamlining and also corporate developments, a.k.a. Russell 3000 inclusion. The negative of missed filing will be resolved very soon is my guess.
The various items of the L3 activity is now being released in pretty rapid fire fashion over this week and no doubt continue into next week. This also shows how complex this undertaking by L3 was - of course, it could have been a little faster.
I have already started planning the update to the list of items and pricing to be updated from my previous list. Looks like the final results from the L3 project will be completed soon and the updated FS work will continue (as I am sure it has already started and is running in parallel) with an updated FS which will be very positive. Of course, as we have all seen in the past the SP does not reflect the progress made (thanks in no small part to the bashers who repeat themselves to "ad infinitum" and trivialize all activity - most normal people understand that in mining, the process is that you need to get funding for the mine, develop a mine and then operate the mine and sell the product to get revenues. So if there is no mine there is no production and no revenue - so to keep on harping that there is no production and no revenue as this stage of our project is doing a disservice to ones thinking capabilities!
Soon, all the elements required for the FS will be done and then in my opinion 3 major things remain:
1) Updated FS (includes, L3 process finalization, equipment design and costs and product sell prices),
2) Financing, both equity and debt and
3) Off-takes.
Items 2) & 3) could come before item 1) or straddle 1) depending on how the interested parties analyze the results from L3 project and their needs.
MY TAKE, ONCE THESE ARE IN, I WONDER WHAT THE NAYSAYERS WILL HAVE TO GRIPE ABOUT! I am sure they will find some minor issues to raise, but then as I assume that they don't own any shares, they will have to jump in and maybe get with the program and enjoy the ride upwards, unless they miss the boat (in that event, no tears shed on my part!)
Thanks Nebraskan. Good article.
I already know who the patent I am talking about is assigned to.
Worth reading, if you are interested in Patent assignments - who owns what?
https://www.cooleygo.com/assignment-and-ownership-of-patents-and-applications/
Hopefully you are right.
Just something nagging about Eric Larochelle being listed as one of the inventors of a patent. If it is the same patent pending process, it raises more questions. Somebody is getting paid somehow....
Yes I see what you mean.
Your profile picture is showing gxii (renamed elk creek resources).
The price in your profile picture ($7.47) is the same as gxii close ($7.47) on 3-16-23
gxii traded steady above $10 for weeks but on the final 2 days of trading it tanked.
3-16-23 open 10.62 high 10.62 low 7.45 close 7.47 vol 348.81k
3-17-23 open 7.50 high 8.03 low 6.69 close 6.69 vol 207.37
The other profile picture you reference Mar 21 Current price C$1.13
If I take the canadian $1.13 times conversion rate to US$ of .73 equals .824 which we know was the close of niobf on Monday 3-20-23 before it reverse split for Tuesday morning.
We are not alone. Niocorp CPA is having a hard time getting the books in order. See below for prior reference of the tragic events.
CENTENNIAL, Colo. (March 17, 2023) – NioCorp Developments Ltd. (“NioCorp” or the “Company“) (TSX: NB; OTCQX: NIOBF) today announced the completion of its previously announced business combination (the “Business Combination”) with GX Acquisition Corp. II (“GXII”). Further, NioCorp also announced the closing of both tranches of its previously announced convertible debt financing (the “Yorkville Convertible Debt Financing”) with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP (together with YA II PN, Ltd., “Yorkville”), and the effectiveness of its previously announced standby equity purchase facility with Yorkville (the “Yorkville Equity Facility Financing”, and together with the Business Combination and the Yorkville Convertible Debt Financing, the “Transactions”).
Pursuant to the Business Combination, a wholly owned, U.S.-based subsidiary of NioCorp merged with and into GXII, with GXII surviving the merger as a subsidiary of NioCorp. In connection with the merger, GXII changed its name to “Elk Creek Resources Corp.” As the parent company of the merged entity, NioCorp issued 1,753,823 common shares (the “Common Shares”) in exchange for all of the Class A shares of GXII issued and outstanding immediately prior to the Business Combination. The Class B shares of GXII issued and outstanding immediately prior to the Business Combination (after giving effect to the surrender of certain Class B shares of GXII in accordance with the support agreement, dated September 25, 2022, among GX Sponsor II LLC, GXII, NioCorp and the other persons party thereto) were converted into Class B shares of GXII (now known as Elk Creek Resources Corp.) as the surviving entity of the merger and became exchangeable into Common Shares on a one-for-one basis, a portion of which are subject to vesting during the first ten years following the Business Combination closing date based upon achieving market share price milestones, and all of which are subject to restrictions on transfer beginning upon the closing and ending upon the earlier of (i) one year after the closing and (ii) the date on which the trading price of the Common Shares exceeds certain thresholds or the date on which NioCorp completes a transaction that results in all of NioCorp’s shareholders having the right to exchange their Common Shares for cash, securities or other property. In connection with the closing, NioCorp also assumed the outstanding GXII share purchase warrants (the “Assumed Warrants”), which will be exercisable for Common Shares with an exercise price of approximately $10.28 per Common Share. The Assumed Warrants are exercisable beginning on the 30th day after closing and will remain exercisable until the 5th anniversary of the closing date. All numbers in this press release give effect to the completed Consolidation (as defined herein).
Pursuant to the Yorkville Convertible Debt Financing, Yorkville advanced a total of US$15.36 million to NioCorp in consideration of the issuance of US$16.0 million aggregate principal amount of convertible debentures of NioCorp convertible into Common Shares of NioCorp (the “Convertible Debentures”). Each Convertible Debenture issued under the Yorkville Convertible Debt Financing is an unsecured obligation of NioCorp, may be converted at a discount to the market price as of the date of conversion, has an 18-month term, which may be extended for one six-month period in certain circumstances at the option of NioCorp, and incurs a simple interest rate obligation of 5.0% per annum (which will increase to 15.0% per annum upon the occurrence of an event of default). In conjunction with the issuance of the Convertible Debentures, NioCorp issued to Yorkville 1,789,267 Common Share purchase warrants entitling Yorkville to purchase Common Shares (the “Financing Warrants”) at an exercise price of approximately $8.94 per Common Share. The Financing Warrants are exercisable beginning on the earlier of (a) six months from their issuance or (b) the effective date of the initial registration statement registering the resale by Yorkville of the Common Shares issuable upon the conversion of the Convertible Debentures and the exercise of the Financing Warrants under the U.S. Securities Act of 1933 (the “Exercise Date”), and may be exercised at any time prior to their expiration. On each of the first 12 monthly anniversaries of the Exercise Date, 1/12th of the Financing Warrants will expire.
Pursuant to the Yorkville Equity Facility Financing, NioCorp will have the right, but not the obligation, to sell Common Shares to Yorkville with a maximum aggregate value of up to US$65.0 million (the “Commitment Amount”) for a period of up to 36 months at a discount to the market price as of the date of each respective issuance, subject to certain limitations and the satisfaction of certain conditions. Upon closing, NioCorp paid US$0.5 million to Yorkville as part of a cash fee, and will pay an additional US$1.0 million in cash to Yorkville in installments over the next 12-months. Further, within five days of closing, NioCorp will issue to Yorkville 81,213 Common Shares as consideration for Yorkville’s irrevocable commitment to purchase Common Shares under the Yorkville Equity Facility Financing.
In connection with closing, NioCorp received approximately US$15.28 million in gross proceeds from the Business Combination. Deal costs are anticipated to be approximately US$20.3 million. NioCorp received an additional US$15.36 million in net proceeds from the Yorkville Convertible Debt Financing. NioCorp also expects to have access to up to an additional $61.6 million in net proceeds from the Yorkville Equity Facility Financing over the next three years. After giving effect to the Business Combination, the Yorkville Convertible Debt Financing and the Yorkville Equity Facility Financing, NioCorp expects to have access to a total of US$71.9 million in net proceeds over the next three years.
NioCorp Board of Directors
Following completion of the Business Combination, Dean C. Kehler and Michael G. Maselli have been appointed to the NioCorp board of directors, joining the seven existing NioCorp board members. Mr. Kehler is a Managing Partner of Trimaran Capital Partners, a manager of private investment funds, and currently serves on the Boards of Directors of Celularity Inc., El Pollo Loco Holdings, Inc. and Portman Ridge Finance Corporation. Mr. Maselli is a Managing Director of Trimaran Capital Partners and the Chairman of the Board of El Pollo Loco Holdings Inc.
Share Consolidation
The Company also effected a share consolidation (reverse stock split) (the “Consolidation”) of its issued and outstanding Common Shares on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares. Following completion of the Business Combination and the Consolidation, there are currently 30,000,442 Common Shares issued and outstanding. Further, there are 7,957,404 Class B shares of GXII (now known as Elk Creek Resources Corp.), as the surviving entity of the merger, that are exchangeable for an aggregate of up to 7,957,404 Common Shares and 15,666,667 Assumed Warrants exercisable for an aggregate of up to 17,519,910 Common Shares. All existing convertible securities of the Company have proportionally adjusted as result of the Consolidation, in accordance with their respective terms. The Convertible Debentures and the Financing Warrants were issued following the Consolidation, but have similar terms that provide for proportional adjustment thereof.
The Common Shares and the Assumed Warrants are expected to begin trading on The Nasdaq Global Market and The Nasdaq Capital Market, respectively, on March 21, 2023, under the symbols “NB” and “NIOBW,” respectively. The Common Shares will continue to trade on the Toronto Stock Exchange (“TSX”) under the symbol “NB,” and will continue to trade on a pre-consolidated basis until such time as the TSX advises that trading on a post-consolidated basis will commence, which is expected to be at the beginning of regular trading hours on March 21, 2023. The Common Shares will cease being quoted on the OTC Markets in connection with the commencement of trading on The Nasdaq Global Market.
Looks can be deceiving..
NioCorp’s patent-pending demonstration scale rare earth extraction and purification solvent extraction process operation is ongoing in Trois-Rivieres, Quebec, using solutions generated by the upstream operations of the demonstration plant.
https://www.niocorp.com/niocorps-rare-earth-demonstration-plant-showing-strong-rare-earth-recovery-results-in-line-with-expectations/
Sure looks like the patent-pending belongs to NioCorp. IMHO
Care to point out 'publicly' any part of that post that is wrong?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171986048
Also any more info on what L3 is getting paid to do the testing for Niocorp?
Who owns the patent that the people on this thread and company news articles post about?
That's the all but free shares for the gxii folks, not meaningful purchases unfortunately.
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Thanks Walter, I do remover that announcement
As I recall they also stated that they believed they might get around 94% once they had the process optimized. I don’t recall any announcements on separation and purity for the REEs. I am hopeful we will see that next week.
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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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