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NioCorp Demonstration Plant Achieves Key Phase 1 Milestone
Successful production of high-purity calcium and magnesium carbonates from Elk Creek ore points to potential efficiency gains in NioCorp’s processing flow sheet as well as possible new commercial products for the Project, once sufficient project financing is obtained to allow the Project to proceed
CENTENNIAL, Colo., October 25, 2022 — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) today announced that its demonstration-scale processing plant (the “demonstration plant”) in Quebec, Canada has now completed demonstrating its planned process for removing calcium and magnesium from ore obtained from the Elk Creek Critical Minerals Project (the “Project”).
This positive result, which is part of Phase I operations of the demonstration plant, is a key milestone in NioCorp’s proposed optimization of its process flow sheet for the Project, which was designed by L3 Process Innovation (“L3”) and NioCorp.
The well-known and time-tested process NioCorp is employing to remove calcium and magnesium carbonates from the ore using thermal treatment and leaching is part of the demonstration plant’s Phase I flowsheet. This step has operated successfully, and the removed calcium and magnesium were produced at demonstration scale as a mixed calcium and magnesium carbonate. Removing carbonate minerals in this fashion is expected to reduce the size of the follow-on planned production steps and make them more efficient.
Characterization of the calcium and magnesium carbonate from demonstration plant production runs has demonstrated very low levels of impurities, and an overall 99% purity of the mixed calcium-magnesium carbonate.
The Elk Creek resource is a carbonatite and its mineralization is predominantly carbonate minerals. The Elk Creek Project Mineral Resource estimate does not include calcium or magnesium as sufficient exploration and sampling has not been completed to determine whether there are reasonable prospects for eventual economic extraction. In light of these results, however, the Company expect to conduct an assessment of adding these two elements to the Mineral Resource as well as to assess the potential salability of the material that was produced from the demonstration plant, once sufficient project financing is obtained to allow the Project to proceed.
Phase I demonstration plant operations will continue with calcination and a ramp-up of leaching operations as testwork and assembly of Phase II and Phase III of the demonstration plant’s planned operations proceed in parallel.
“The team at L3 has been working very hard to complete Phase I of the demonstration plant and deliver results. We look forward to the completion of the remainder of the demonstration plant operations, and most importantly, the rare earth metallurgical performance metrics showing the full potential economic benefits of rare earths for the Elk Creek Project,” said Scott Honan, NioCorp’s Chief Operating Officer.
QUALIFIED PERSONS:
Eric Larochelle, B.Eng., Co-Owner, L3 Process Development, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
# # #
For More Information:
Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
But your math is wrong. The warrants are already accounted for in the total final share structure. Your calculating them twice.
Pretty excited that Phase 1 is going so well! Huge PR.
Everyone is so hung up on the deal they are missing material progress!
https://www.einnews.com/pr_news/596592409/50-million-insurance-funding-for-solar-manufacturing-plant-partnerships-with-clean-energy-leaders-stock-symbol-snpw
Not sure if this was posted yet.
Loving the several installation photos on twiiter. Proof in that pudding right there. Revenue is a rollin!
The Phase studies at the demo plant are clearly taking longer then expected. Delayed results, delayed FS. Just ny opinion.
I have zero expectations that the Phase 3 demo results are done with enough time to get the FS update out yet in 2022. Late Q1 or early Q2 is when im thinking for the newest FS..
Plenty of time if they were already at the table. Just saying.
Right around the time of the uplist could be the goal, but that depends on how long remaining phases of demo plant testing take. My Opinion is the longest phase was the first one, and thats done now. And i agree, the Next FS is several months away. And i do believe it will hold details about by-products(above and beyond REEs) from all demo plant phases, therefore increasing the overall mine value, again. It would be silly not to hold back the FS until the results from all the demo plant REE and by-products can be inculded. Im good with anytime after uplist, not before.
Whats really fun is the the EBITDA is already projected several multiple higher then entire current market cap. Positive results, as we just recieved, will only add to that number. The undervalue here is absolutely stunning.
I will be adding. This is a life changing investment. Just need shares and patience.
Im a traditionalist. Id rather support a group of longs over institutional buyers. Plus the uncertainty that i have displayed, and hold, on whether or not GX2 is going to survive any final offers… well, it just has my money planted in what i know will be the final product(with light speed expansion): NioCorp.
All part of a ridiculously undervalued investment opportunity.
Folks, anytime the proven projected ebitda is multiples higher then current market… well it just doesnt get easier. All that’s required is shares and patience.
Eom.
The next feasibility study will include all of these extra sources of raw material. Which only adds to the reported $21B already in proven reserves.
What excites me more is that the release of this FS should come right around the time of our Nasdaq listing.
Brilliance at work. Very exciting for the future of NioCorp.
Characterization of the calcium and magnesium carbonate from demonstration plant production runs has demonstrated very low levels of impurities, and an overall 99% purity of the mixed calcium-magnesium carbonate.
https://www.prnewswire.com/news-releases/niocorp-demonstration-plant-achieves-key-phase-1-milestone-301658036.html
NioCorp Demonstration Plant Achieves Key Phase 1 Milestone
NioCorp is developing a critical minerals project in Southeast Nebraska that will produce Niobium, Scandium, and Titanium. The Company also is evaluating the potential to produce several rare earth byproducts from the Project. (PRNewsfoto/NioCorp Developments Ltd.)
NEWS PROVIDED BY
NioCorp Developments Ltd.
Oct 25, 2022, 08:00 ET
Successful production of high-purity calcium and magnesium carbonates from Elk Creek ore points to potential efficiency gains in NioCorp's processing flow sheet as well as possible new commercial products for the Project, once sufficient project financing is obtained to allow the Project to proceed
CENTENNIAL, Colo., Oct. 25, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB) (OTCQX: NIOBF) today announced that its demonstration-scale processing plant (the "demonstration plant") in Quebec, Canada has now completed demonstrating its planned process for removing calcium and magnesium from ore obtained from the Elk Creek Critical Minerals Project (the "Project").
This positive result, which is part of Phase I operations of the demonstration plant, is a key milestone in NioCorp's proposed optimization of its process flow sheet for the Project, which was designed by L3 Process Innovation ("L3") and NioCorp.
The well-known and time-tested process NioCorp is employing to remove calcium and magnesium carbonates from the ore using thermal treatment and leaching is part of the demonstration plant's Phase I flowsheet. This step has operated successfully, and the removed calcium and magnesium were produced at demonstration scale as a mixed calcium and magnesium carbonate. Removing carbonate minerals in this fashion is expected to reduce the size of the follow-on planned production steps and make them more efficient.
Characterization of the calcium and magnesium carbonate from demonstration plant production runs has demonstrated very low levels of impurities, and an overall 99% purity of the mixed calcium-magnesium carbonate.
The Elk Creek resource is a carbonatite and its mineralization is predominantly carbonate minerals. The Elk Creek Project Mineral Resource estimate does not include calcium or magnesium as sufficient exploration and sampling has not been completed to determine whether there are reasonable prospects for eventual economic extraction. In light of these results, however, the Company expect to conduct an assessment of adding these two elements to the Mineral Resource as well as to assess the potential salability of the material that was produced from the demonstration plant, once sufficient project financing is obtained to allow the Project to proceed.
Phase I demonstration plant operations will continue with calcination and a ramp-up of leaching operations as testwork and assembly of Phase II and Phase III of the demonstration plant's planned operations proceed in parallel.
"The team at L3 has been working very hard to complete Phase I of the demonstration plant and deliver results. We look forward to the completion of the remainder of the demonstration plant operations, and most importantly, the rare earth metallurgical performance metrics showing the full potential economic benefits of rare earths for the Elk Creek Project," said Scott Honan, NioCorp's Chief Operating Officer.
QUALIFIED PERSONS:
Eric Larochelle, B.Eng., Co-Owner, L3 Process Development, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.
For More Information:
Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
@NioCorp $NB.TO $NIOBF $BR3 #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle
About NioCorp
NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron ("NdFeB") magnets, which are used across a wide variety of defense and civilian applications.
Market caps actually matter on the Nasdaq. Never the Share Price.
Ratshit.
Very interesting perspective. Great post, thanks for sharing your thoughts.
The 8-k for the insurance wrap is suggesting the final part.
I think the financer requested the insurance wrap be done. Which is typicaly done by the company seeking funding, at the request of the financer.
I see this as a major development. With another huge name.
This is all just signs of progress of SNPW and its projects.
Ratshit.
Folks, realize that Nick has raised large amounts of funding in the past, right? North of $17M. Its all public record.
DD matters. Dont be fooled.
$50m is very easy pocket money for some of the SNPW partners.
Hello?
DD matters.
Insurance wrap of $50m by this caliber of company, I say there is already a line at the door. Yet another top shelf partner.l for CEO Nick Campanella and SNPW
If you dont know what an insurance wrap is, look it up.
Bullshit.
Nonsense. Mark has 21B(and counting) in the ground of proven, high demand, reserves. Any comments on “desperation” are simply ridiculous, a target of the status quo.
It secures the entire project and gurantees the mine production. This SPAC deal has opened the door to preorders. There is no question about that. Very exciting times indeed.
You do. There is no 10/1 split because of the merger. The only split will be to get listed on the Nasdaq(unless we rise high enough to not even need one)
The entire notion of some 30/1 is absolutely absurd.
Lets try to make this very simple. NioCorp is raising $285m+ in cash, current shareholders keep 43% of Niocorp, and it brings a $21B(and counting) REE mine to operational status in the USA.
Here is a very clear Image, provided by NioCorp, of how this shakes out:
43% of a $21B(and counting) mine and earning potential is a lot better then 100% uncertainty. There is nothing uncertain now. And im Sure that will be a major selling point at the coming conferences. And an eye opener. The ride is coming. And people will want in. Especially now that there can be a promise of it producing.
Furthermore, to my previous points, The fact that the EBITDA is projected(already) into the $600M annual figure… and the company is currently worth multiples less then that… easiest buy and hold on the market at the moment. Based purely on proven value vs current value.
I will call this next stage of our SNPW investments: “As Fairytales Turn to Reality”
Great job to those that have shares. Great luck to those that dont have shares, or worse…
Folks, this is absolutely a massive 8k. So proud to stand with Nick!
Very nice! $50M will do very nicely! Go Nick!
I honestly believe that what we already have to report to the world is big enough. But more never hurt either.
The rest you can find yourself —
Right. US produced REE isn’t a priorty for anyone. Please keep trying to sell that to this board. Please.
Stunningly Hilarious.
Im sure many were waiting to see if Mark would come up with Financing. Now that its locked in, and the mine will produce, watch the new suitors roll in. But what do i know, apparently REE in America being desirable is a wild idea…
Again, guess thats just the beauty of perspective.
Mark has done a long list of work and progress. My perspective.
This will still be one of the first, if not the first, REE producer in America. The only macroeconomic concern here is that if suddenly the world didnt want the best and hardest metals to find, in abundance. Laughable.
Its simple math. Add a dash of what history has shown happens to mining companies in similar situations, and this likely to be the easiest investment I’ve made, of my lifetime. Almost feels like cheating. Especially when the projected EBITDA in a few years is several multiples higher then current total value of the company… candy from a baby.
Cheers to the longs.
Is there any REE producers in the US? None. Here is a recent quote from Reuters:
The United States has only one rare earths mine and has no capability to process rare earth minerals.
Seriously big names, hanging out for lunch after Mark’s presentation, sponsored by NioCorp.
Someone tell me that is not brilliant. I dare you.
Patience will be extremely rewarded from this point forward. Promise.
This is very good indeed. The world just needs to learn what we have! Its really just as simple as that. Couple that with Mark keeping the wheels turning as fast as he can, which very mich sound like he is. End result: happy.
Our race horse is making its way to the gate! By this time next year, we will be laughing about buying this at under $5 let alone $1. But what do i know, besides that i need more shares!
What can we expect. Recorded history and SNPW are both claimed to be bullshit.
Does Anything else need to be said?
Bullshit. No myth. Not even a little. Just standard procedure and expectations from recorded manufacturing history.
Wow, thats one serious Patent! Glassless, Frameless, flexible solar panels? I can think of hundreds of use cases! Thanks for sharing!
Patents have been extensively studied and recorded throughout history. Here is a fun fact: Most all design patents take between 3-5 years after publishing, to start generating any form of return.
We are well within that window of 5 years. Considering production, i believe, will start up in 2023.
Very exciting times for those with patience and understanding.
$SNPW Long and Strong.