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National security. We are at the mercy of the government. That has been apparent for quite some time IMO.
I fully expect the package to be great. Money to really help propel this gem to the sky.
They have no control over this and because they went this route I feel the overall package should be worth the wait.
Just my 2 cents.
GM
What I like is the share count is minimal.
I understand warrants and options are out there still. But, compared to other companies who have hundreds of millions worth of shares we won’t be even close to that.
Right hands and tight hands should help this rise pretty quickly I feel.
GM
Cultists?
As that what you think I am. I am just as critical as you are.
I’m also a realist. Your a keyboard warrior trying to spread your opinion to get into heads of people.
I didn’t know what to think years ago when you were on here. You don’t bother me a bit now. You have an agenda.
Here’s mine. This WILL be funded. I will make my money. It just has taken longer than I thought it would.
I wouldn’t have majority of my entire life savings in this project otherwise.
It’s the only stock I currently own.
This still will be life changing for me.
GM
For once I get it. No transparency.
I’m as frustrated as anyone with management.
Timeline has been way too long.
But, progress great. World needs better in many ways and this project does that.
I’ll make plenty of money soon and you and anyone else speaking that are looking to ruffle feathers will be eating crow.
It’s remarkable how bad and low you stoop. I have no problem using my earnings to notify people about your slander.
Good day. Mi amigo. Soon. Very soon.
Nice find Scooter
It’s been awhile since I had purchased more shares but couldn’t resist and added a few more this afternoon (had been over a year).
With the recent events the last few days I believe we are on the verge of new beginnings for this company.
GM
Lmfao you just went here huh. C’mon man.
Good stuff. Thanks Chico. Hope all is well.
Thanks for sharing
You’re not getting it.
If they are the only ones supplying it they can cut the world off from the minerals when they want.
The United States has to be able to be independent from them moving forward, along with other foreign nations.
Can you buy from them sure, it’s not sustainable that’s the reason government is backing mining projects.
They have asked these mines to be ESG compliant. These companies are the ones that are backed by the government funding.
Only issue is government moves slower than a turtle. It is my hope we see some BIG material news soon.
Im fully expecting significant news. What to see is yet to be determined.
I made this a long term investment many years back. Sure the wait has been much longer than expected. The fundamentals haven't change. The world needs the resources and we have the best minerals to be mined.
I am not going to continue to list all the positives. That has been done numerous times here.
Just ready to find out. Until the vultures can carry on.
Man all the leaches are coming out tonight.
Been on this board for years. Usually see positive and significant news shortly after it happens.
Eating the popcorn and watching the BS machine in full force.
GM
If I recall, mind you it's been awhile since I have seen it, they have plans once construction starts and the timeline for it when they would be drilling for the additional minerals in the ground to see what actually is in it. I want to say it was a year and a half or so and that would be when they are able to see what else is in the ground. Boilermaker and I were big on seeing this happen and spoke about it quite a bit when they released this information. There will be MUCH more in the ground IMO.
I have seen remarks of $150-200 for the share price. I don't know what personally it will be. I do know and feel we will be getting a big bump in the share price when we find more of these minerals in the ground.
GM
Thanks Boilermaker for this. Good stuff.
Thanks for all the time and thought put into this. Appreciate the post.
Best deal, best group to do it with at this point in time, just not the best timeline.
We shall see. Things will happen soon. Just need results. Done with the act.
Hell I almost bought more today. Just have enough shares for myself.
Government deal. Government timeline. Government dictates.
That’s my hypothesis.
Your a big part of the problem yourself. You know it. Cut the manipulating of things to paint a bleak picture. The gang can really work at trying run people the wrong way. But facts are still facts. Opinions are opinions.
If you are right and believe it walk away. Your not even invested. Only emotionally. That’s the worst kind. Take your energy to a board that you actually like, want to succeed, and are invested in.
News Flash:
The only way anyone on this board will be able to understand what is going on is with FACTS. Nothing from management, this board, NO ONE will ever understand what is going on unless releases are made with real evidence. No forward statements, opinions, only REAL NEWS, REAL DEALS, REAL MILESTONES. DELIVER.
Enough is enough with trolls, pumpers, interviews. One of the reasons I left this board for awhile. Its nausiating.
The ONLY way we get over the hump with this company is deals to be made, construction to be done, and mining to take place. I have been watching this for years. I have never once thought it would take this long, yes it has become better in ways, and others it has been beyond frustrating. This project are more than needed. So people that want to pump, pry, applaud, or decimate the project I could give two craps. NO MORE TALK.
Just get it done. It has been long enough, even in a mines life.
GM
There’s a reason. Gov’t cheese. Takes time. Just hope I’m not 6 feet under first.
LOL stop while your ahead for once, ya BIG Putz
Thanks for posting. Good article.
You continue to doing nothing but create meaningless spam on this board with banter to piss people off. Sick your your act. You left and said you never would come back years ago.
Your words are meaningless. Information is misleading. Agenda is simple.
Leave
Some Niocorp news just dropped:
Nebraska’s U.S. Senator Deb Fischer and Congressman Don Bacon Secure $10 Million in Federal Funding for U.S. Aluminum-Scandium Master Alloy Production
Increased Congressional Focus on AlSc Master Alloy Coincides with NioCorp’s Phased Commercialization Program for AlSc Master Alloy Production in the U.S.
NioCorp’s Pilot-Scale AlSc Master Alloy Effort Has Successfully Produced Scandium Metal and is on Track to Make Initial AlSc Master Alloy Ingots in the Coming Weeks
CENTENNIAL, Colo. (August 9, 2023) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB) (TSX:NB) is praising U.S. Senator Deb Fischer (R-NE) and U.S. Rep. Don Bacon (R-NE) for securing legislation in both the House and Senate versions of the FY2024 National Defense Authorization Act regarding the strategic importance of scandium, as well as securing $10 million in federal funding to support commercial production of aluminum-scandium (“AlSc”) master alloy production in the U.S.
“Through their positions in the Senate and House Armed Services Committees, Senator Fischer and Congressman Bacon are recognized as national leaders in U.S. defense policy in the Congress,” said Mark A. Smith, CEO and Executive Chairman of NioCorp. “They understand the strategic importance of establishing a domestic supply chain for scandium and aluminum-scandium alloys and their prospective importance to defense and essential civilian technologies.”
“On behalf of the many thousands of Nebraskans who are stakeholders and supporters of the Elk Creek Critical Minerals Project in southeast Nebraska, I want to thank Senator Fischer and Congressman Bacon for championing the scandium and aluminum-scandium master alloy that we intend to produce in Nebraska,” he added. “Through the Elk Creek Project, once sufficient project funding is obtained, Nebraska may very well become a leading scandium producer and could be in a position to help the U.S. Armed Forces take full advantage of the revolutionary performance benefits that scandium can deliver to air-, land-, and sea-based systems.”
In addition to pursuing construction and eventual commercial operations of the Elk Creek Critical Minerals Project (the “Elk Creek Project”) once sufficient project funding is obtained, NioCorp is also currently engaged in a phased commercialization effort to establish production of AlSc master alloy in the U.S.
The addition of scandium to aluminum alloys produces a much stronger alloy that reduces weight, increases strength and corrosion resistance, and makes the material weldable in transportation, aerospace, defense, and other systems. AlSc master alloy, which generally contains 98% aluminum and 2% scandium, is used to introduce scandium into aluminum for the purpose of producing AlSc alloys, which generally contain a fraction of a percent scandium by weight. NioCorp’s goal is to demonstrate the ability to make AlSc master alloy containing 2% scandium by weight and as much as 10% scandium by weight.
NioCorp is working with Boston-based Nanoscale Powders LLC (“Nanoscale”) to oversee pilot-scale testing of AlSc master alloy production at a facility operated by Creative Engineers in New Freedom, Pennsylvania. The effort recently produced scandium metal and is on track to produce its first ingots of AlSc master alloy in the coming weeks. NioCorp and Nanoscale are employing a proprietary process developed by Nanoscale that increases efficiency and reduces environmental impacts of AlSc production over traditional approaches. Nanoscale has already developed similar metallurgical processes that are being applied to the production of rare earth metals for other operators, which behave metallurgically in a fashion similar to scandium.
Recent Congressional Directives Regarding Scandium
As a result of the advocacy of Senator Fischer and Congressman Bacon, the Senate and House National Defense Authorization bills contain the below directives regarding scandium.
____________________
1. FY24 House NDAA Committee Report 118-125 (pgs. 225-226)
Aluminum-Scandium Master Alloy Production
The committee recognizes that China is a major producer of high-purity scandium oxide, which has many powerful applications in defense technologies, including strengthening and light-weighting defense and commercial aviation systems. As scandium oxide production is established in the United States, a missing supply chain component is the conversion of scandium from its oxide form to aluminum-scandium (AlSc) master alloy. This process step is required for utilization of U.S.-mined scandium by many defense applications. At present, production capacity of AISc master alloy is limited to one facility in the United States. The committee recognizes that the United States may soon become a major producer of high-purity scandium oxide by virtue of a proposed mine and mineral processing project in Nebraska. The committee recognizes the defense-wide importance of a vertical domestic supply chain for both scandium oxide and AlSc master alloy and the critical importance of both materials for the production of air-, land-, and sea-based combat systems.
Aluminum-Scandium Master Alloy Production
The committee is aware that the rare earth element scandium has important defense and aviation applications when converted from its mined oxide form to an aluminum-scandium (AlSc) master alloy. The committee understands that the global production of scandium is currently dominated by China and Russia but that the United States is poised to become one of the world's largest producers of high-purity scandium oxide due to proposed private-sector domestic mine and mineral processing projects. Therefore, the committee directs the Assistant Secretary of Defense for Industrial Base Policy to provide a briefing to the House Committee on Armed Services not later than December 29, 2023 describing the critical defense applications for AISc master alloy, a list of specific defense programs that require access to AI Sc master alloy and recommendations to improve defense innovation and industrial base access to scandium oxide and AlSc master alloy.
____________________
2. FY24 Senate NDAA Committee Report 118-11 (pg. 275)
Domestic manufacturing of strategic and critical materials
The committee recognizes the importance of having domestic and allied production, processing, and refining of strategic and critical materials necessary for defense requirements. Many of these materials, to include niobium, tantalum, and scandium, predominantly come from non-allied foreign countries. The committee supports ongoing efforts by the Department of Defense to utilize authorities at their disposal, such as the Defense Production Act of 1950 (Public Law 81–774) and the Industrial Base Analysis and Sustainment program, to create domestic capabilities for these strategic and critical materials. The committee encourages the Department to continue its ongoing efforts and to review the need for domestic production of niobium, tantalum, and scandium, and act on those requirements with existing authorities.
____________________
3. FY24 Senate Defense Appropriations Committee Report 118-81 to Accompany S. 2587, containing $10M for Aluminum-Scandium Master Alloy Production
# # #
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
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 Elk Creek 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to, statements about: the potential to produce AlSc master alloy [and rare earth products] for the Elk Creek Project; production of AlSc master alloy in the U.S.; the goal to demonstrate the ability to make AlSc master alloy containing 2% scandium by weight and as much as 10% scandium by weight; the timing of the production of the first ingots of AlSc master alloy in the coming weeks; and NioCorp’s expectation and ability to produce niobium, scandium, and titanium at the Elk Creek Project. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations, and assumptions relating to: the translatability of the pilot-scale testing of the AlSc master alloy production in connection with NioCorp’s phased commercialization program with Nanoscale to commercial production at the Elk Creek Project; and the strategic importance of scandium and the performance benefits that scandium can deliver to air-, land-, and sea-based systems. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the SEC and with the applicable Canadian securities regulatory authorities and the following: the success of the Nanoscale technology at pilot-scale and its impact on NioCorp’s potential production of AlSc master alloy; NioCorp’s ability to recognize the anticipated benefits of the business combination with GX Acquisition Corp. II (the “Business Combination”) and the standby equity purchase agreement (the “Yorkville Equity Facility Financing Agreement” and, together with the Business Combination, the “Transactions”) with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP, including NioCorp’s ability to access the full amount of the expected net proceeds under the Yorkville Equity Facility Financing Agreement over the next three years; unexpected costs related to the Transactions; the outcome of any legal proceedings that may be instituted against NioCorp following closing of the Transactions; NioCorp’s ability to receive a final commitment of financing from the Export-Import Bank of the United States on the anticipated timeline, on acceptable terms, or at all; NioCorp’s ability to continue to meet the listing standards of The Nasdaq Stock Market LLC; NioCorp’s ability to operate as a going concern; risks relating to NioCorp’s common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood any of the foregoing; NioCorp’s requirement of significant additional capital; the extent to which NioCorp’s level of indebtedness and/or the terms contained in agreements governing NioCorp’s indebtedness or the Yorkville Equity Facility Financing Agreement may impair NioCorp’s ability to obtain additional financing; covenants contained in agreements with NioCorp’s secured creditors that may affect its assets; NioCorp’s limited operating history; NioCorp’s history of losses; the restatement of NioCorp’s consolidated financial statements as of and for the fiscal years ended June 30, 2022 and 2021 and the interim periods ended September 30, 2021, December 31, 2021, March 31, 2022, September 30, 2022, and December 31, 2022 and the impact of such restatement on NioCorp’s future financial statements and other financial measures; the material weakness in NioCorp’s internal control over financial reporting, NioCorp’s efforts to remediate such material weakness and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the “Code”); the potential that the Transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; cost increases for NioCorp’s exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp’s information technology systems, including those related to cybersecurity; equipment and supply shortages; current and future off take agreements, joint ventures, and partnerships; NioCorp’s ability to attract qualified management; the effects of the COVID-19 pandemic or other global health crises on NioCorp’s business plans, financial condition and liquidity; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; the results of metallurgical testing; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining industry; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp’s projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, or development activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; claims on the title to NioCorp’s properties; potential future litigation; and NioCorp’s lack of insurance covering all of NioCorp’s operations.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
https://mailchi.mp/niocorp.com/nebraskas-us-senator-deb-fischer-and-congressman-don-bacon-secure-10-million-in-federal-funding-for-us-aluminum-scandium-master-alloy-production?e=86d9b103f5
Interesting tidbit Putz
There was a FS out prior.
The minerals are more valuable than before and it showed major profits back then.
I went back and forth with you many years ago. I won’t do it again. I see your personal vendetta is still alive and well.
Keep typing. That’s what your good at. Walter showed your investment skills earlier this week. Keep up the good work.
It’s been awhile since I have posted. I must say for a forum that is suppose to educate and have good conversations this place has turned into a populated place full of trolls and lies.
I left being a moderator on this a few months back and the things I see on this board are baffling. It can’t get much worse.
I don’t care about what the share price is. I just want a place where I can see good information and conjecture. This place is anything but so at the moment.
This company will succeed and anyone invested will make good money. JMHO.
GM
Thanks for sharing Walter
Aren't we on the clock to have an update here shortly? I have been watching this board periodically lately and can't seem to remember where we are at with this development.
AMRS, NB among notable basic materials additions to Russell microcap; URG, WWR removed
May 24, 2023 11:46 AM ETAMRS, WWR, RYI, URG, LODE, CTGO, NXPL, HYMC, GATO, IAUX, JEWL, ASPI, USGO, NBBy: Deepa Sarvaiya, SA News Editor
In its preliminary annual 2023 Russell indexes reconstitution, the following basic material companies will be added to and deleted from the Russell microcap index:
Notable additions: Amyris (AMRS), Niocorp Developments (NB), I-80 Gold (IAUX), Nextplat (NXPL) and Contango Ore (CTGO)
Notable deletions: UR Energy (URG), Westwater Resources (WWR), Comstock (LODE), Gatos Silver (GATO) and Hycroft Mining (HYMC).
If their hands are tied at the moment they made the wrong deal.
Being at these prices should have never happened. Period.
Possibly, or what I suspected all along is the government is holding this up tremendously with a great deal in the end but the timetable is out of our hands.
I just took part. Thanks for putting this together.
I did the same
Thanks for sharing.
Just like every video we have seen for a few years. Everything is great and we are are at the forefront.
Let’s get this thing going…someday
Positive on my end, but this wait is beyond frustrating, it’s time!
NioCorp is talking to multiple potential customers for separated and purified magnetic rare earth oxides.
Also included in the new slides and presentation. Again, need a new FS completed.
Higher Investor and Government Visibility
? New listing on the Nasdaq Stock Market
? Front-page New York Times story on Elk Creek Project2
? Rare earths op-ed by Mark Smith published by Fox News3
? NioCorp working with 3 US federal agencies on potential funding
Dot #4 will come along when we have our FS results.
Think it’s time to report him to the authorities. Enough is enough.
Correct.