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I disagree respectfully.
This Subsidiary in the UK is imo the birth of another vertical where Niocorp could be entering the market of recycling which could be massive;
And this is not included in the NPV calculations.
very proud to be part of this project .
it appears to be a subsidiary
would love to hear more about this part of the presentation
stablished NioCorp Technologies Ltd in the UK
Focused on developing Al-Sc mass market
applications for lightweighting and recycling of
automotive components
Established NioCorp Technologies Ltd in the UK
? Focused on developing Al-Sc mass market
applications for lightweighting and recycling of
automotive components
? Partnering with a leading UK university to
undertake advanced Al-Sc research
? Working closely with leading automotive OEMs, Tier
1 suppliers and specialist manufactures
? Undertaking rapid prototyping to build early track
record and accelerated market adoption
slide 8. anybody noticed?
Niocorp Technologies Ltd in Uk.
I also think they are very close
I am puzzled as well given the nice new contract with Lockheed. The copper division seems to be doing great but the EM division not until recently so I have to wait and see.
I would think he is very busy in preparing the 2 day conferences for this week on scandium and rare earths.
because it is BS
google the lawyers and you find hundreds of these claims and almost all of them are BS.
Monocle
I have seen the same BS claims on several of my startups and nothing ever happened.
I am in retirement since 1997
would love to see that website
too early for a big 4. Let ' s first build the mine.
I was a partner in one of the big 4 and would not recommend them at this moment
Mr. Mark Smith reports
IBC WINS $7.38 MILLION IN NEW ORDERS FOR BERYLLIUM-ALUMINUM AEROSPACE COMPONENTS FROM LOCKHEED MARTIN
IBC Advanced Alloys Corp. has won a new purchase order for its beryllium-aluminum alloy products from Lockheed Martin, the maker of the F-35 Lightning II aircraft and many other defence systems.
The value of the new order is approximately $7.38-million, which the company expects to fulfill in 2023 and 2024.
"This is an important order for IBC, and our team looks forward to delivering strategic alloy products to help Lockheed and the U.S. Department of Defense meet global national defence mission objectives," said Mark Smith, IBC's chief executive officer and chairman.
IBC is also currently exploring strategic options with potential partners, investors and others with regard to its Massachusetts-based engineered materials division, which produces beryllium-aluminum alloy components for defence and commercial applications, including potential joint ventures, a restructuring, a sale or other options.
.
that is probably why he is working so many hours to make somewhat a living
read one of my previous posts why I had expected this to happen
I do ´not think they were going to be reelected
The offtake agtreement with thyssen Krupp was before the Feasbility studies
what a coincidence
I was on the same call. lol
the market is very big. There. is room for more than one player. but we clearly want the lion's share of it
guess who said that. I have 2 witnesses.
NIS News
-translated from Dutch by google translate
Today, 17:51
AI guzzles energy: 'Could use as much power as the Netherlands in four years'
If the demand for artificial intelligence (AI) continues to grow at the current rate, by 2027 AI will consume as much energy as the whole of the Netherlands. Data scientist Alex de Vries calculates this in the scientific journal Joule.
De Vries used chip production from the company Nvidia, the leading producer of chips for artificial intelligence, among others, for his calculations.
So-called generative artificial intelligence, which can be used to produce texts, images, music and video, among other things, has been experiencing explosive growth since last year. Training this AI requires large amounts of data. That requires a lot of energy.
Microsoft's search engine Bing, meanwhile, uses the artificial intelligence of the advanced text generator ChatGPT. If Google were also to generate search results with artificial intelligence, it would cost 29.2 terawatt hours of energy annually, De Vries calculated. That's the equivalent of Ireland's energy consumption over a year.
Sustainable AI
Recently, attention has already been focused on the danger of discrimination by algorithms and the generation of fake news. For example, fake versions of actors and soccer players recently surfaced in advertisements on social media. De Vries also describes high energy consumption - and thus the consequences for sustainability - as one of the risks.
Artificial intelligence is simply very energy intensive," he says.
De Vries previously conducted research into the energy consumption of blockchain, the technology that underlies bitcoin. There he saw a similar hype developing as currently surrounding artificial intelligence: "Everyone wants to put it in everything, regardless of whether it is necessary. It often adds nothing at all," De Vries explains.
Limited information
The data scientists acknowledge that his estimates are accompanied by uncertainties. Companies are not generous with sharing information. For example, it is not always known how much energy companies need to train their artificial intelligence.
De Vries: "At Google, about 40 percent of the energy consumption is probably in training and 60 percent in the applications. But at Bloom (an advanced text generator, comparable to ChatGPT, ed.) a lot of energy goes into training. while with ChatGPT the focus is overwhelmingly on the applications side.”
In addition, Nvidia's production figures are known, but it is not public to which companies the chips are sold. And the energy consumption of the chips is partly determined by how efficiently they are cooled. "Google is very efficient with cooling, but not all companies are. That is why I did not include cooling in my research," says De Vries.
Electronic waste
In the discussion about the energy consumption of AI, it is regularly stated that new equipment will be developed in the near future that uses energy more efficiently.
The rapid development of equipment also brings with it a new problem. According to De Vries, the lifespan of that equipment is probably shorter than the standard depreciation period of six years: "A new server may already be obsolete in a few years, which can lead to additional electronic waste."
it means it was remarkable that he wanted to listen to a large bunch of BS without losing his temper.
In essence, being granted the MCTO means the stock can continue to be traded on the TSX. so there will be no trading halt as a result of the delayed reporting.
excellent explanation and exactly what he said in Ghent Belgium 2 days after the ASM in Denver
I will come back on this when the financials are finished.
I hope that everybody realizes that this yearend work on financials is outsourced to auditors.
plus we may expect titanium offtakes
B...
t would be much better if everybody used his own name.
much more civilized.
1 is very easy , compare the PP shareprice with yesterdays closing price
2Read all the previous PR's on private placements and you will see that they always disclose that a percentage has been paid to intermediaries.
My remarks on the latest PR on the PP of 1 million usd on what I noticed.
1)The shareprice of the PP was about 10 percent higher than the closing shareprice yesterday. Usually PPs are done at a discount of about 20 percent .
2) There was no commision paid to intermediaries
It is clear to me that there are investors, friends of Niocorp ( probably existing investors) who want to assist the company with bridge financing until further larger financing is obtained. (as there may be strategic investments by Stellantis and other ones in the pipeline)..
This financing by friendly investors is of course preferred above tapping further from the Yorkville credit line.
I speculate that if further financing is obtained one of the first things which would happen is the repayment of the Yorkville convertible.
I also think it is wise to do small PP’s at these lower prices .
BS
I know them both.
NioCorp Developments Ltd.
NB: Price: $3.66; Market Cap (M): $111
Rating: Buy; Price Target: $13.00
Heiko F. Ihle, CFA
Marcus Giannini
Successful Production of Scandium; Phased Approach For Next Steps to De-Risk AlSc Production; Reiterate Buy
Click here for complete report and disclosures
Successful production of scandium. On August 14, NioCorp Developments announced the successful production of scandium metal on a pilot-scale. This test was undertaken at a facility owned and operated by Creative Engineers (private) in Pennsylvania. In our view, the production of scandium (even on a small scale) represents an essential step in the firm’s phased approach to producing an aluminum-scandium (AlSc) master alloy, which could ultimately be incorporated into the firm’s overall production plans at Elk Creek.
Next steps for de-risking production of AlSc. NioCorp's management team now aims to produce kilogram-sized ingots of AlSc master alloy in order to provide material for independent testing and commercial product samples. In turn, the first sample of this material is anticipated to be produced in the coming weeks. Importantly, the production of AlSc is taking place through a proprietary process that has been developed by NioCorp’s partner Nanoscale (private), which is believed to increase efficiency while reducing the environmental impacts of AlSc production relative to more conventional processes. Importantly, management has stated that these initial results indicate the ability to make scandium metal at a purity level that should be accommodating for pilot-scale production as demand continues to grow for scandium alloys across the commercial transportation and national defense sectors.
We reiterate our Buy rating and our PT of $13. Our valuation for the firm remains based on a DCF of operations. We once again utilize our unchanged 13% discount rate and 0.5x NAV multiple. We believe that these figures still fairly account for the various risks associated with the longer-term timeline of reaching production at Elk Creek. We also maintain our view that this valuation remains in line with similar early-stage assets in locations carrying equal geopolitical risk factors. Finally, we stress that continued progress, including work related to de-risking of financing arrangements for the site, should ultimately yield a longer-term decrease in our discount rate for the asset.
Looking ahead at additional phases. NioCorp presently intends to target a three-phased development plan for the commercial production of AlSc. In turn, management's ultimate goal is to achieve full-scale AlSc master alloy production at around the same time as commercial production at Elk Creek. Assuming the firm encounters strong results at the pilot-scale and commercial demonstration stages, NioCorp intends to secure an Engineering, Procurement, and Construction contractor to lead the commissioning and full-scale production ramp-up of operations. Longer-term, the company anticipates capacity for about 100 tonnes of scandium per annum from Elk Creek’s estimated production.
Risks. (1) Increased capital requirements to construct Elk Creek; (2) financing risk; and (3) operating and technical risks.
I did the same
and he is going to be succesful for niocorp too.
Putz
i do not know him . I know his age and I know he is making millions on LWLG and he is using a smart strategy.
can somebody start a discussion with Ted that we longs believe the earth is flat?
not here Th6565
my profit is still over 100 percent
it is clear that when we have more info on Stelllantis Exim DoD and FS results that the shareprice asked would substantially differ from what we can ask now.
indeed . Let them talk to each other and think they have a large audience.
I know what we have and sooner or later we will win this battle.
I have a lot of posters on ignore here and suddenly the future of Niocorp looks brilliant. lol