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Niocorp's patent-pending demonstration-scale rare earth extraction and purification solvent extraction process operation is continuing in Trois-Rivieres, Quebec, using solutions generated by the upstream operations of the demonstration plant. The rare earths were then precipitated out of solution, producing a solid that contains 6% praseodymium (Pr) oxide, 25% cent neodymium (Nd) oxide, 0.35% terbium oxide (Tb) and 1.6% dysprosium (Dy) oxide, with the balance of the solids consisting primarily of rare earths with minor base metal impurities.
LM
As far as I know - NioCorp owns the patents …
NioCorp anticipates higher grades with new process technology
NioCorp Developments (TSX: NB; NASDAQ: NB) and L3 Process Developments have made a breakthrough in niobium and titanium recovery that may result in higher-purity products. The improvement came during testing at L3’s demonstration plant in Trois-Rivieres, Quebec, while using material from NioCorp’s proposed Elk Creek critical minerals project in Nebraska.
L3 has been testing an improved version of the processing flowsheet for Elk Creek, where niobium, titanium and scandium will be produced. The breakthrough has the potential to reduce operating and capital costs as well as increase the grades of the commercial products.
The information will be used in updating the Elk Creek feasibility study due to be completed later this year.
The demo plant has also best testing the possibility of recovering several magnetic rare earth elements (REE) from the ore. If separating and purifying REE is feasible, the project will also produce neodymium, praseodymium, dysprosium, and terbium. That capability would boost the Elk Creek indicated REE resource into being the second largest in the United States.
NioCorp has already determined that overall recoveries for these four magnetic REE are likely to be greater than 92% and would meet commercial purity specifications.? Because rare earths and scandium behave very similarly in solution during separation, the company believes it has the technology to successfully produce a saleable rare earth oxide product.
The month of (June 2023 is only a COUPLE weeks away) — and the EXIM final Commitment Application should take 6 to 9 months: ??
“The process from submission of a Phase I application to a final commitment of financing by EXIM, if any, is expected to take six to nine months. Even if NioCorp ultimately receives a final commitment from EXIM for up to $800 million of project financing, NioCorp would still require additional financing to fund the estimated capital costs expected to be required to complete development of the Elk Creek Project and advance it to the production stage.”
A project finance letter of interest from EXIM represents only a preliminary step in the formal EXIM application process, and the Letter of Interest states that the communication “does not represent a financing commitment” and “is not an explicit indication of the financial or commercial viability of a transaction.”
NioCorp expects to submit an application to EXIM to begin the first phase of the underwriting process (“Phase I”) as soon as possible. As stated in the Letter of Interest, “Upon receipt of NioCorp’s application for financing, EXIM will conduct all requisite due diligence necessary to determine if a Final Commitment may be issued for this transaction.” The process from submission of a Phase I application to a final commitment of financing by EXIM, if any, is expected to take approximately six to nine months and is subject to a number of risks and uncertainties. See “About NioCorp’s Application Process” and “Forward-Looking Statements Disclaimers” below for additional information. As explained in the Letter of Interest, “Any final commitment will be dependent on meeting EXIM’s underwriting criteria, authorization process, and finalization and satisfaction of terms and conditions. All Final Commitments must be in compliance with EXIM policies as well as program, legal, and eligibility requirements.”
“We are very pleased with this Letter of Interest from the Export-Import Bank of the United States for NioCorp’s Elk Creek Critical Minerals Project, and with the fact that we may qualify for as much as $800 million in debt financing from EXIM,” said Mark A. Smith, Chairman and CEO of NioCorp. “We look forward to finalizing and submitting a formal loan application to EXIM and working closely with them through this process.”
What the F##K !!!?
News :
Recent News
Date Time Source Heading
5/10/2023 06:07 EDGAR Notice of Effectiveness (effect)
5/10/2023 06:05 EDGAR Notice of Effectiveness (effect)
5/05/2023 06:09 EDGAR Notice of Effectiveness (effect)
5/05/2023 06:07 EDGAR Notice of Effectiveness (effect)
5/04/2023 16:46 EDGAR Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
5/04/2023 16:44 EDGAR Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
4/28/2023 07:41 EDGAR Current Report Filing (8-k)
4/19/2023 16:44 EDGAR Current Report Filing (8-k)
4/14/2023 16:38 EDGAR Securities Registration Statement (simplified Form) (s-3)
4/14/2023 16:29 EDGAR Securities Registration Statement (simplified Form) (s-3)
4/04/2023 08:29 PRNCA NioCorp Achieves Processing Breakthrough in Demonstration..
4/03/2023 08:01 EDGAR Amended Current Report Filing (8-k/a)
3/28/2023 17:20 EDGAR Statement of Changes in Beneficial Ownership (4)
3/28/2023 17:19 EDGAR Statement of Changes in Beneficial Ownership (4)
3/28/2023 17:19 EDGAR Statement of Changes in Beneficial Ownership (4)
3/28/2023 17:17 EDGAR Statement of Changes in Beneficial Ownership (4
Yes, hindsight is always “ 20/20 “ …!
(IF) we could KEEP this kinda performance for a month steady — there would be LOTS of smiley face ‘INVESTORS!! —
NioCorp Developments Ltd.
$8.38
0.27
(
3.329%
)
V:5.00K
Last updated: May 9, 2023, 5:12 PM ET
Something behind the bush???
https://imgflip.com/i/5jsvn3
Fingers’xd
I have sounded off on our ‘Titanium Product’ over the years regarding the feedstock VALUE as laid out in NioCorp’s FS (under $1.00/kilo), but OK that was then and now is now …!
What is the price of titanium in 2021?
Titanium is one of the most expensive materials on the planet too. The price of titanium fluctuates, with its demand and supply throughout the world so that it can cost anywhere from $15.46 to $80.60 per Kilo Gram.
Does titanium rust or corrode?
Titanium possesses a level of corrosion resistance that is matched only by a few other naturally occurring metals. It is, however, important to note that like all other metals, titanium is not corrosion proof and is susceptible to degradation under specific, highly aggressive conditions.
Is titanium an expensive metal?
Titanium is neither a precious metal nor rare, yet among industrial metals it has the reputation for being very expensive. It’s the fourth most abundant metallic element and the ninth most abundant of all the elements in the earth’s crust.
Is titanium a high price? In general, titanium will usually be more expensive than other metals because it is rarer than other metals, and because it is typically only found bonded to other elements which can make processing more expensive.
How much does titanium cost in 2021?
The prices of titanium scrap jumped in 2021 due to a drop in global stocks of shavings, a byproduct of aircraft manufacturing. According to IndexBox estimates, the average import price for titanium scrap increased from $2.9 per kg in January 2021 to $4.1 in April 2021.
Does titanium get rusty? In vacuum-like environments, where oxygen is limited, titanium will corrode and rust quickly. Pure titanium that is completely rust and corrosive resistant, however, is rare and hard to find and produce.
Highly promising article ! :
https://www.niocorp.com/niocorp-achieves-processing-breakthrough-in-demonstration-plant-testing-of-niobium-and-titanium-production/
Titanium has climbed 250%!!!
Looks GOOD!
What is a “Notice of Effectiveness”? —
What is the notice of effectiveness?
Notice of Effectiveness means a notice upon receipt of which the Seller effectively transfers to the Administrative Agent the exclusive control of the Controlled Account or a Collection Account, as applicable.
About NioCorp’s Application Process
EXIM’s “Make More in America” initiative allows companies to apply to EXIM for a project finance letter of interest, which letter indicates EXIM’s willingness to consider a financing application for a given transaction. In February 2023, NioCorp applied to EXIM for a project finance letter of interest and, following a preliminary review of the Elk Creek Project to determine whether it met the basic criteria for a potential debt financing by EXIM, EXIM issued the Letter of Interest. NioCorp expects to submit a Final Commitment Application to EXIM to begin Phase I of the underwriting process as soon as possible. The application will require detailed information and analysis from NioCorp regarding the Elk Creek Project, the Feasibility Study prepared by independent qualified persons for the purposes of estimating mineral resources and reserves at the Elk Creek Project, supply and offtake agreements, project costs, annual financial statements, financial model and assumptions, market information, principal risks and benefits, and insurance coverage. Phase I of the underwriting process would involve due diligence by EXIM and their advisors and the payment of certain fees and expenses by NioCorp. If the Phase I evaluation process is satisfactorily completed, EXIM will issue a preliminary project letter, indicating whether or not EXIM is prepared to move forward on a financing offer, as well as the general terms and conditions of such offer, based on the information available at the time of application. After the issuance of a preliminary project letter indicating that EXIM is prepared to move forward on a financing offer, NioCorp and EXIM would commence a second phase (“Phase II”) of due diligence, involving additional fees payable by NioCorp, before EXIM determines if it will provide a final commitment of financing. The process from submission of a Phase I application to a final commitment of financing by EXIM, if any, is expected to take six to nine months. Even if NioCorp ultimately receives a final commitment from EXIM for up to $800 million of project financing, NioCorp would still require additional financing to fund the estimated capital costs expected to be required to complete development of the Elk Creek Project and advance it to the production stage.
Nice find ge11 ! …
Quote :
Do you think they need to get this mine built??????
https://www.mining.com/supply-of-rare-earth-magnets-wont-keep-with-demand-by-2040-report/
Sure sounds GOOD !!
Smith says, NioCorp already has buyers lined up for the niobium and scandium.
"We have a ways to go but the good news is people are starting to see this and are taking steps to make those changes. We've been preaching this for a long time without an audience. (Now) we have an audience."
Fingers’xd.
“Timing is of the essence”!!
TODAY IN THE MARKETS |
Name Price Change
TSX 20,407.56 -207.54 TSX
TSXV 607.43 -1.22 TSXV
CSE 166.45 -0.84 TSXV
DJIA 33,684.53 -367.17 DJIA
NASDAQ 12,080.51 -132.09 NASDAQ
S&P 500 4,119.58 -48.29 S&P 500
PS
Nice article AO ! …
Cheers.
After Hours :
NioCorp Developments Ltd
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$8.22
4.05%
+0.32 Today
May 1, 3:59:50?PM UTC-4 · CAD · TSE · Disclaimer
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Key events shows relevant news articles on days with large price movementsKey events shows relevant news articles on days with large price movements
Key events
Key events shows relevant news articles on days with large price movements
What does Mark/Jim say about the 50% shareprice drop, since the NASDAQ UPLIST?! …
MP Materials Corp. (MP)
NYSE - Nasdaq Real Time Price. Currency in USD
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21.62+0.09 (+0.42%)
At close: 04:00PM EDT
21.69 +0.07 (+0.32%)
After hours:
Interesting fact — MP Materials Corp has roughly 5 times the Shares outstanding - than NioCorp HAS ??. Hmmm
My favourite colour — GREEN!!
TODAY IN THE MARKETS |
Name Price Change
TSX 20,522.64 +155.92 TSX
TSXV 606.28 +3.70 TSXV
CSE 166.21 +4.68 TSXV
DJIA 33,826.16 +524.29 DJIA
NASDAQ 12,142.24 +287.89 NASDAQ
S&P 500 4,135.35 +79.36 S&P 500
Hey PC,
Nice (positive) reply from Jim S…
Can I repost your post — keeping it FRESH! …
Cheers
Landmark
Quote from (Prudent Capitalist) :
Not true. I sent an email inquiry in yesterday and got this response back from Jim Sims. Sorry for my delay in posting but his response came in when I was on the golf course yesterday afternoon.
This institutional investment firm wanted to take a significant position in NioCorp – approximately 1% of the Company -- and they are known as long-term investors. This is exactly the type of firm that we want to have investing in the company. This particular investment will be seen by many larger investment firms as a bullish sign for investing in NioCorp, especially given the difficulty that many other prospective mining companies have today in raising funds in this market environment. This is a very good development.
With regard to the Yorkville equity financing facility, that will be available to us once some S-3 filings we have made at the SEC are made effective by the SEC.
As I believe all NioCorp investors understand, construction of our $1.2B critical minerals mine and processing facility in Nebraska will require a large amount of both equity and debt financing. The equity financing will involve the issuance of a large number of new shares in the company, almost always at or about market pricing at the time of transaction. This is how mines such as ours get built and how we unlock value for investors in this project.
Thx,
Jim Sims
Chief Communications Officer
NioCorp Developments Ltd.
Jim.Sims@NioCorp.com
+1 (303) 503-6203
NioCorp Developments stock dips on $2.0M stock offering
Apr. 26, 2023 9:15 AM ETNioCorp Developments Ltd. (NB), NB:CA, NIOBWBy: Meghavi Singh, SA News Editor
NioCorp Developments (NASDAQ:NB) shares are down 4.72% premarket on Wednesday, after the firm has entered into a definitive pact with a fund managed by Kingdon Capital Management, LLC for the sale of an aggregate of 314,465 common shares in a registered direct offering at a price of $6.36 per share.
Gross proceeds to the company are expected to be ~$2.0M.
Offering is expected to close on or about April 28, 2023.
Net proceeds from the offering will be used for working capital and general corporate purposes.
Now Read: Mineral miner NioCorp shares fall 8% in wake of uplisting, SPAC merger
Yes, “Timing is of the Essence”!…!
time is of the essence
If time is of the essence, the patient should take four vital capacity breaths of 100 % oxygen.
You make some good points DM—
You, me, we, along with 3/4s of the investors on this board can be rest a sure we are missing one or two pieces of the puzzle somewhere here?.
now currently — we need funding NEWS — L3 result, offtakes, (EXIM) up to $800M, etc.etc.
The Government loan Guarantee (EXIM) certainly sounds like the shoe fits!?
Let’s not forget that the (EXIM) bank seeked-out NioCorp, not the other way around?.
but I have become a little bit shell shocked. What will happen if it doesn’t happen in 6 to 9 months??
Do we have plan B,C,D,E ??
https://www.niocorp.com/niocorp-receives_800-million-letter-of-interest-from-exim-bank/
This is why I have been saying for two-plus-years — (TIME IS OF THE ESSENCE!!!) …
We are soon to be replaced ! :
What I would be interested to know is - when did “the clock start ticking?” For the potential $800 MIllion Government Debt Loan?…was it 6 to 9 month’s starting Jan.— Feb. March 2023, or April, May 2023 ???
Surely that is not in a NDA.?
Landmark.
Potential EXIM Loan for up to $800 Million
? After EXIM completed a preliminary review of NioCorp’s Elk Creek Project in March 2023, the Bank sent NioCorp a Letter of Interest for potential debt financing of up to $800 million.
? EXIM recently expanded its funding scope to include projects in the U.S. through its “Make More In America” initiative
? EXIM indicated that it is “eager to support” the critical minerals industry projects because so few critical minerals are produced in the U.S.
? EXIM process is estimated to take between 6-9 months to complete.
Well the “AFTER-HOURS-TRADING” is at least doing their JOB! …(mitigating the slide) …!!
Thank you.
LM
Yes pathetic losers! - we know what we have …
Quote:
The harder you have to fight for something, the more priceless it will become once you achieve it. And the more pain you have to endure on your journey, the sweeter the arrival at your destination. All good things are worth waiting for and worth fighting for.”
Cheers.
I bought Nio shares at (0.11-0.12 and 0.13 cad.) …!
WOW Chico ! you pretty much covered the bases!! …
Nice job!
Landmark.
Mark has said that he and the team are in TALKS with 3 government contractors regarding (stockpiling, offtakes, patents etc.etc.) …
NOT enjoying the stock slide!? …
Shrug.
TSX—Canada :
NioCorp Developments Ltd.
$8.60
-0.46
(
-5.077%
)
V:24.67K
Last updated: Apr 19, 2023, 6:28 PM ET
I think it’s reasonable to request an update on the Project — and some Material Press update(s) to stem our bleeding share-price, currently,? …