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Yes, looking forward to good TDay & Christmas with best news ever possible. Halloween is about over for NioCorp, certainly been a helluva nightmare of late! Especially with some of the goblins and spooks haunting our MB.
Richard, Thanks for posting. Chico your efforts are always appreciated. Great touches on your presentations! We need this project on warp speed!
With all the elite smarties in the world, we should be seeing funding very soon. They have a very strange agenda which is to our benefit, and you’d think they’d just open a vault, hand out the money and say get'r done. Apparently they are really desperate to get rid of oil and gas.
--- Some banks in Europe have already started to reduce funding to oil and gas projects as part of their own climate targets.
The most drastic measure yet was taken earlier this year by France’s biggest bank, BNP Paribas, which said in May that it would no longer provide any financing for developing new oil and gas fields regardless of the financing methods. The bank also pledged to reduce its financing for oil exploration and production by 80% by 2030 as part of its energy transition goals.
Climate change is the single largest motivation of investment institutions to decide to exclude companies from their portfolios, a newly launched ‘exclusion tracker’ showed earlier this month.
Pension funds and other institutional investors in Europe have excluded some major oil and gas companies from their portfolios, while some European banks have scaled back financing for fossil fuel projects. ---
https://oilprice.com/Latest-Energy-News/World-News/Oil-Refiners-Struggle-To-Access-Financing-As-Banks-Shun-Fossil-Fuel-Projects.html
If they don't have some really positive news before Christmas, a lot of investors won't be shy or hesitant to show up even then, and not in good cheer.
But I'll predict Mark will bag us up some goodies before AGM, so no concerns.
Should be hearing within a few days for upcoming 2023 AGM
Last year it was announced 6 weeks prior on Oct. 28th, and AGM was held Dec. 15th
Pump is fine, just waiting for the gusher. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173097069
I believe we’ve got a LOI with a major steel company for 25%. I’d take a finalized deal with Nucor.
Not to keen on that news. Leaping into bed with car company from China. Can't imagine were that will lead to. But hey, nothing new. Most of us buy Chinese made product everyday, even though Joe says we are just competitors. Wonder who has the best advantage.
I don't know if anybody else believes it but I think it's a good possibility this guy might be a bridge. If NioCorp has got candidates lined up for making deals, somebody smart needs to be getting after it and looking after the money train. Mark and Scott need to focus on building a mine, naturally of course, when and if the funds come in!
Niocorp Technologies Limited? My thoughts for the purpose of this new subsidiary.
Although I’m not sure how it will be used or its impact on NioCorp’s main business, I’m hoping it has a little higher merit than some expect. I’m not going to hunt down all the things that have been mentioned in PRs over the last few years, but some indicators I’ve listed below as to what the company might be positioning itself for. I think its function may be to develop, promote or market new cutting edge processes. I’m just speculating that, as a new subsidiary, it must have a darn good reason for existing. It probably has less to do with building the mine in Elk Creek and perhaps more about things they have discovered and patentable that can benefit the mining process and perhaps marketable to that industry.
Here are a few things from Youtube video presentation. Link below
- [ ] Niobium use in solid state batteries that can be charged in 6 minutes
- [ ] Developed a new and simpler process to reduce costs, on technically challenging aspects to separate and purify REES, and improve yields and sequester carbon dioxide
- [ ] Use the efficiency of 3D printed solvent extraction cells for REE extractions to achieve product quality the market demands in a cost effective way
- [ ] Increasing ways to recover niobium, titanium beyond what the existing flow sheet originally projected for better economic outcome
- [ ] Doing a few things in different ways and getting better results - higher purity product and better quality
- [ ] Filing for some patents based on what they have proven to work
- [ ] It mentions: they have had MANY MEETINGS with potential off-take partners
NioCorp's Elk Creek Project: Critical Minerals for America
========
Stellantis asked NioCorp to help identify partners that can take Rare Earth oxides produced, and turn those into permanent rare earth magnets for use in EV traction motors. NioCorp will help Stellantis piece together THE ENTIRE MINE to MAGNET SUPPLY CHAIN
Landmark, Thanks good to review that. I liked the ending he put on his review.
"That said, the property is a stone cold killer, and if Niocorp can continue its slow roll forward as it has so far, I’d expect the end of this year to become very interesting for NB."
PC, looks like we are getting that upward surge and volume, But looking real good at the moment. I'm still not confident on its staying power. Got to be more to it than selling pressure coming off. Bernice says " something behind the bush" I think that's it!
Thanks PC, but maybe the sellers took the day off and start the selling again tomorrow. I don't know, just tired of seeing our share price doing the yoyo thing. I'd rather hear pps moved up based on some fundamental changes like getting steps out of the way such as engineering for construction start, or having a LOI turned into a definitive contract, or Stellantis laying down a decent sum of funds to move this project off its hind legs. Lot of good things out there, just need to get’r done and PR’d to us and the world, then move on to all buying, no selling, and no looking back.
Yes, it's great to see the price recovery, but how can you tell that it means selling is done by whoever? I remember just a few weeks back we were somewhere around $4.25 range and before you know it, we were sliding down a greased pole into the $3.40 range.
Walter, Since this newly formed entity (as of yesterday 10-20-23) NIOCORP TECHNOLOGIES LIMITED mentions technologies (plural), possibly indicates they are seeking further to broaden their product line or maybe implement new or improved techniques in creating or processing them, as well as marketing to the right mix of end users and potential funders. Might be the time now, for somebody who has an extra skill set to make the connections and handle some of the headaches Mark has dealt with. Maybe this Jason Nunn will tie up up loose end details with ongoing business endeavors.
Jason Nunn - Managing Partner SWI and is based in London. He has more than 25 years of experience in corporate development, strategy, operations, business leadership and investment banking with a number of leading global companies.
Prior to his role at SWI Partners, Jason held multiple leadership positions, most recently as an Executive at GE and prior to this in leadership teams at ABB and Halliburton.
SWI Partners
https://swi-partners.com/services
Our clients are interested in transformation. Whether it's applying new technologies or ways of working to existing businesses to make them more efficient and sustainable, or launching new technologies focused on energy transition, renewables or sustainability.
Seasoned technology and energy industry executives who combine deep industry experience with investment banking skills.
Corporations he has worked for:
ABB
https://global.abb/group/en
Halliburton
https://www.halliburton.com
GE
I'm certainly not happy about the state of affairs this company has gotten bogged down with. Time is money and nobody is happy about losing money especially from this year. But, I also don't understand what you think you're going to gain as an investor, while hammering down on Mark so frequently. It seems you are driving at wanting others to chant with you, Mark Smith is a loser, or similar, and drive the price lower. Probably naive on my part to think that a stock holder would or could damage his own investment that way. In light of your concerns about Mark, I don't know how you fix them. I know you anti-Mark Smith people are smart guys, so why don't you tell us the big secret to getting NioCorp on the winning track. I'm tired of hearing about Mark, and you're making a lot of board people enemies. That makes no sense. Some of us are disgruntled enough without proving it. All investors have different styles and some are just stick to it types, but not necessarily happy and not necessarily pro or con on management. I admit, I’ve learned to have a better investing awareness from you , LCP, and Duke, but I’m still investing on my own perception of the company and management. You said you are invested and I'd like to hear why outside of your dislike for Mark, if you care to.
LM, he’s catfishing. He and his buddies, LCP and Ardvark are simply in business for shake downs, and gobbling up cheap shares. They just can’t believe Mark has all the good stuff and they don’t. That’s what really pisses them off.
Thank You NorCal, The last line: "As is often the case for small companies like ours, the pace of work needed to complete very large and complex processes such as Feasibility Studies is largely funding dependent." Sounds like this means, FS completion is on the shelf until we get funding.
For some fun in purgatory:
You got that right Duke, …. Exactly where we are! “ STOCK PURGATORY “
“Right now there is no reason to buy but too late to sell. Stock purgatory is where we are.”
Sir Richard, that’s it. Hope they can stop talking about it and do something about it. Stellantis and Rio Tinto both there. We can use support from both. Make us an offer Stella!
Thanks Advocate77. Here's what it says: Stellantis becomes a player in mining and rare materials to secure its production
The French-Italian-American manufacturer has shaken up its procurement strategy for critical components (lithium, cobalt, copper, nickel and semiconductors), which are essential for electric mobility and are increasingly in demand.
On Thursday 28 September, at the invitation of the International Energy Agency, forty-seven countries met in Paris to discuss a new "critical metals diplomacy", allowing everyone to have access to the raw materials needed to succeed in the energy transition. Without waiting for policy initiatives, big business took the lead. A global group born from the merger of Fiat Chrysler and Peugeot-Citroën in 2021, Stellantis announces every month an investment in a mining project or in the creation of a joint venture with a semiconductor supplier. Appointed in June 2022 as the group's Director of Purchasing and Supply Chain, Maxime Picat has made it his priority.
"For years, we've built cars with sheet metal, plastic and engines with parts from automotive suppliers. All we had to do was say that we wanted to make 7 million cars to have 7 million of each part," explains this lieutenant of boss Carlos Tavares. With new vehicles, full of electronics, and even more so with electric cars, whose batteries use rare chemical components, everything is changing.
Note: Chico posted some time last week about this summit held in Paris. Big wigs attended including - Secretary of Energy Granholm, & Under Secretary Jose Fernandez, Jakob Staushom from Rio Tinto, and Carla Gohin, Senior VP Carbon Neutrality Roadmap, Stellantis
Topic: -The Summit will aim to build a broader consensus among the participants on effective courses of action to diversify mineral supply chains, enhance market transparency, accelerate technological innovation and recycling, and promote sustainable and responsible development practices. The IEA was also recently asked by G7 Climate, Energy and Environment Ministers to provide support on critical minerals.
It’s all beyond my comprehension. But I’m sure it would make a good weenie roaster!
From older news way back, I thought they had decided to make these reactors small enough to service smaller regions or metro areas and interconnect them to the grid. So this could be potentially thousands of units. It's an interesting aspect to the direction the world seems to be heading and what they think they need or want. I will be pleased if NioCorp can off-take any of our niobium, scandium, titanium and rare earths to fit the bill in that way to Nucor.
Im digging around a little to see if I can find a little info on the construction of these reactors as it seems they will need to be super pressure strong and extremely heat tolerant, as well as require super magnets in the processes. All of this plays into the decarbonization outlook of the future, and NioCorp and many others want to be there, on the forefront to provide the materials and technology.
Anybody think it's a good bet Nucor could be the one who did the LOI with NioCorp?
Helion & Nucor project. Look at these temperatures, they create. Going to need some niobium here.
Nucor partnered with Helion to develop a cutting-edge 500 MW fusion power plant. This agreement represents the world's first fusion energy collaboration of such magnitude and holds the potential to spearhead the decarbonization of the entire industrial sector.
Nucor is making a substantial direct investment of $35 million in Helion.
Helion, the first private fusion company in the world to reach plasma temperatures of 100 million degrees.
Presently, the company is in the process of constructing its seventh prototype, named Polaris, which is anticipated to be the first to demonstrate the generation of electricity through fusion.
October 2, 2023 - Nucor (NUE) and Helion Partner on 500 MW Fusion Power Plant
https://finance.yahoo.com/news/nucor-nue-helion-partner-500-153600423.html
April 13, 2020 - Large Integrated US Based Steel Producer Signs LOI with NioCorp for Ferroniobium
https://www.niocorp.com/large-u-s-based-steel-producer-signs-non-binding-letter-of-intent-with-niocorp/
I don't know what the effect will be on our share price Monday, but seems like we’re going through a shake down period.
Here's a recent similar claim on another company for what its worth. https://www.morningstar.com/news/pr-newswire/20230929dc25819/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-leslies-inc-lesl
You gotta a point there. Maybe trying to capitalize on a situation where the wrong turn was taken on the way to success, and finds out its a set up for a mugging, and shake down. Possibly a way to wrest control of a future multi Billion $ company?
Curious now about the history & character of this law firm Pomerantz. Who are the investors they are representing. But note, it says "investigates claims" so it may not mean anything other than to create some panic.
Not making any accusations but there has to be something going on behind the scenes causing road blocks and detours. All the news recently put out should have increased the pps, but down it goes, so it seems like we get mugged every time we get a few coins in our pocket. My antenna is up!
If EXIM comes through, if Stellantis comes through, the both are offering terms that are very favorable so I've heard. Also write to Mark and see if he has given some thought to stepping aside. If he doesn't answer you, reach out to the board members, but I got a feeling you'll be kicking the "Mark can" down the road for a long time yet.
I had a wee bit of politics in it but so what? They make the world go around. It does influence the markets which is money based, so as policies go, so does the market go. All is interdependent. I’m mildly neutral in my comments overall, unlike a few here, who must go on and on with diatribes about management. So big deal, I read through or ignore them, and sometimes I agree with those I didn’t think I would agree with. I learn a little and a lot from most posters, whether they support the company or not. I admit, I’m quite grumpy behind the keyboard right now, thinking about the miserable drop in share price today, but even part of that is due to policy dots that preceded it. Yes - I know, some would rather say its all Marks fault. So go ahead, if you/they want to, it doesn’t matter, to each his own. I’ll stick it out riding the ups and downs, and hope the rug doesn’t get pulled out from under us by bad policy.
AO, I see it a little different, and Thanks Landmark, for the article.
Higher interest rates are generally not good for equity markets, said Small.
“Until that changes, until the Fed and the Bank of Canada and all the central banks say, ‘Okay, we’re done,’ this is going to be a difficult market.”
If there is any good news, it will be, it’s how we get a change of leadership in the White House. This administration has spent like there’s no tomorrow, created inflation, giving us higher interest rates and pricing people out of new homes, cars, etc. and will kill the market off. Stellantis and other car companies are going to have to compensate for the extra cost by raising prices on new vehicles. There’s only a slight chance we will get some sanity back in government, but none of them like to cut the budget, they’d rather us just pay higher taxes. Guess thats why there was talk about hiring 80,000 more IRS agents.
NB stock price sentiments for today…. “I did not even get up this morning” Sgt. Schultz
A bloody nose Tuesday
Dow -388
Nasdaq -208
S&P 500 -64
NB
Wed., Sept. 20 high $4.25
Today Tues. Sept. 26 low $3.59
Thanks Richard, Lot of information and well laid out.. Here's one milestone I hope they have right, which is listed on their chart on page 36 for 2023:
NioCorp expects to issue updated Feasibility Study incorporating rare earth economics.
I just looked at the day chart. Looked like an Eagle formation 🦅 in the first 6 hour, then it really took off! What’s that tell you?
DOD good possibility
Why Military, Aerospace Industries Rely Heavily on Titanium
Great article. Read more from the link below. Here's a snip:
Titanium Applications in the Military
— Titanium’s exceptional lightweight strength and superior anticorrosive properties make it a VALUABLE RESOURCE to every branch of the military. The US Navy uses titanium for shipboard components that come into direct contact with the ocean, including propeller shafts, underwater manipulators, and rigging in the surface fleet. It also forms an essential component of submarine ball valves, cooling and piping systems, heat exchangers, and exhaust stack liners.
The Air Force takes advantage of titanium’s efficient strength-to-weight ratio, using it in landing gear, airplane frames, brackets, and wing access panels. Titanium also lines armored personnel carriers used in the Army and Marine Corps, and researchers are currently testing its feasibility for tank armor and personal protective equipment.
--- Titanium’s compatibility with other metals in alloys as well as composite materials such as carbon fiber and fiberglass will continue fueling STRONG DEMAND for this material in the military and aerospace industries as well as the commercial sector in general.
https://www.thomasnet.com/insights/why-military-aerospace-industries-rely-heavily-on-titanium/
In case anyone wants to look further into this….Biden-Harris Administration Report Outlines Reforms Needed to Promote Responsible Mining on Public Lands
The report will inform efforts to modernize the Mining Law of 1872 and related federal permitting processes as part of the Administration’s efforts to increase domestic supplies of critical minerals and uphold the strongest environmental, labor and community engagement standards
https://www.doi.gov/pressreleases/biden-harris-administration-report-outlines-reforms-needed-promote-responsible-mining
Who else in the world has such a suite of products like NioCorp has. This really is mind blowing to know the grouping of these critical minerals exist in one place. The lengths the NioCorp team has gone and is continuing to go to make this a mine and production facility in the heart of America. Producing AlSc master alloys that are directly going to manufactures in the form they require for making parts, is a good part of what Mark covered in his presentation. I think he did an excellent job in 20 minutes to cover the essentials of where the project stands today.
A lot of confidence and enthusiasm for the aluminum scandium alloy business.
Elk Creek Nebraska will be producing - niobium, scandium, titanium, & magnetic rare earths, all considered critical & strategic minerals by United States and ranked in criticality as number 1 for rare earths, 2 for scandium, 3 for niobium, and titanium as 24th.
FS work basically done, resource work done, drilling work done, all permits in hand, no permitting risks associated with this project at this point in time.
Off-take agreements in place for vast amounts of material, and more coming. Niobium - (ferroniobium) 50% of production for first 10 years w ThyssenKrupp which also deems NioCorp eligible for a German Loan Gurantee program worth between $150 to $200M. 25% w CMC Cometals for first 10 years. Scandium 12 tons spoken for w Traxys North for first 10 years. Rare Earths w Stellantis on term sheet and to be made a definitive agreement.
Working hard on titanium off-take agreements and hopefully have something to announce in the near future.
Off-take term sheet with Stellantis, 3rd largest OEM. They are working hard on the definitive off-take agreement which will be somewhere in the neighborhood of a 10 year agreement. Makes financing a lot easier Mark says.
Mark says, Along with the off-takes with the rare earth oxides, Stellantis will be making a simultaneous investment in the company. No amounts have been disclosed yet, but as those discussions mature, and they are maturing quite rapidly and hopefully to have something to say about that in the next 45 to 60 days.
Letter of Interest from EXIM bank, funding up to $800M in debt. Going through approval process now. Good relationship, and monthly meetings with EXIM. Very good debt terms for a project like this.
Scott Honan and his technical team have made some profound discoveries, and major advancements in terms of recoveries of minerals they are after.
Greater than 92% of recoveries of rare earth materials they want to recover, which are the magnetic rare earth oxides. They were able to increase the niobium recovery by 3 to 4%. Titanium more than double in the recovery process and titanium prices have more than doubled in the last year. Titanium will become a large source of revenue for this project.
ESG approach to business always a part of their belief system.
Mark says about the AlSc alloy business - they are vertically integrating just a little bit into this space. Production supply in the world is approx 25 tons of scandium per year. NioCorp to produce 100 tons per year.
Production platforms for auto manufacturing does not want to purchase scandium alone, they want ScAl master alloys. There are no major producers of ScAl master alloys in the world today, so NioCorp is integrating into production the master alloy they need with the help of Nanoscale, and they have achieved making the master alloy needed, and soon to produce it in ingots forms.
Mark says, Not worried about demand just need to create the mechanism to get the scandium in a useful form as a master alloy for auto manufacturers to use.
NioCorp is going to put it back where they dug it out from, minus the minerals we need. But, I guess we need a good definition of hard rock displacement to see if applicable here. But I don't know.
I do know you are right though, about them making us rely on China. I watched Biden fumble, mumble and bumble through a stupid 20-30 minute reporter Q & A at a stop in Hanoi Vietnam last Friday. In a nut shell, he let everyone know we need to keep bending over and grab our ankles for them. Definitely the Manchurian Candidate.