Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Mods...please!!! Thanks!! eom
Hi Grunt: "list of media/news organizations" eom
He's slowly growing up. When he started here as kmack he was only 12 or so. At some point everyone grows up.
Walter, the easiest way is to download Google Drive, open an account and then upload it. Then you can post the link here. You can also send the file to me at Schwermetaller@googlemail.com - then I'll do it.
@theroc66 -> True! Google-translated from German TV:
https://www.zdf.de/nachrichten/wirtschaft/kanada-batterieproduktion-vw-100.html
Date:
08/23/2022 2:34 p.m
Canada is rich in natural resources. These are of particular interest to car manufacturers because they are required for battery production. VW now wants to invest in mines there.
The Volkswagen Group wants to secure raw materials for electric cars. To this end, VW is planning investments in Canadian mines: "We are not opening our own mines, but we want to participate in Canadian mines and mine operators," said Thomas Schmall, the group's board member responsible for technology and batteries, to the "Handelsblatt".
A declaration of intent on long-term supply agreements with the Canadian government should be signed this Tuesday - in order to guarantee appropriate quantities and prices, for example as part of a joint venture with the VW battery subsidiary PowerCo.
Canada's resource treasure: nickel, copper, cobalt
When expanding its own battery business, VW is currently working on reliable and sustainable supply chains in particular, the group said. This also applies to the promising North American market:
Canada has practically all the raw materials we need for battery production
Thomas Schmall, VW
"There are large volumes of the highest grade nickel, plus copper, cobalt. And there's a lot of mining activity." For example, 20 to 30 percent of a mine's annual production could be purchased from the PowerCo at a fixed price, and the mine operator could then sell the rest on the world market.
80 percent of the costs for battery cells are raw material costs, said Schmall. "The big car manufacturers used to think it was enough to buy cell factories. Today we know that we have to go much deeper into the value chain." With the mine operators, VW wants to work with a maximum of a handful of interface partners.
All in all, PowerCo, together with partners, wants to invest a double-digit billion amount in the development of the global battery value chain. In Canada it could be a single-digit billion amount, it said.
Energy sector: Trudeau and Scholz agree to work together.
New Federal Legislation Could Deliver Powerful New Benefits to NioCorp for its Critical Minerals
https://www.niocorp.com/new-federal-legislation-could-deliver-powerful-new-benefits-to-niocorp-for-its-critical-minerals/?fbclid=IwAR36SsW0eDQuzj1Wp1lIyhgKuEhykxn-GiiAxBLRewlttqlwRl8SKtVxvWg
In google maps streetview you can still see a Subaru car dealer, but in the 2D view at least the company name is L3.
Must be an old streetview shoot.
The Subaru dealership is now a few streets down at 7300, Rue Notre-Dame-Ouest , Trois-Rivières, QC, G9B1W8.
The photo on the Niocorp website at least agrees with that
building in street view.
https://www.niocorp.com/process-enhancements-to-niocorps-critical-minerals-project-plans-point-to-possible-capex-and-opex-reductions-and-possible-lower-greenhouse-gas-emissions/l3_process_innovations_building_june-2022/
Yes, the L3 website is very poor!
I don't think so! Thank you, Walter! eom
NioCorp Files NI 43-101 Technical Report on its 2022 Elk Creek Critical Minerals Project Feasibility Study
Previously announced updated feasibility study confirms that the Elk Creek Project has the second largest indicated-or-better rare earth resource in the U.S., second only to MP Materials’ Mountain Pass deposit
CENTENNIAL, Colo. (June 29, 2022) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that it has filed a Technical Report (the "Report") prepared in accordance with National Instrument 43-101 ("NI 43-101") regarding its previously announced 2022 Feasibility Study (“2022 FS”) completed for the Company’s Elk Creek Critical Minerals Project (the “Project”).
According to the 2022 FS, in addition to niobium, scandium, and titanium, the Elk Creek Mineral Resource contains various amounts of all rare earth elements (“REEs”). There is potential for NioCorp’s REEs to be mined, crushed, and placed into solution as part of the process NioCorp plans to use to produce its primary niobium, scandium, and titanium products, once Project financing is secured. Depending upon the outcome of metallurgical testing on REE recovery rates from Elk Creek ore, soon to be launched at a demonstration plant in Quebec, and on whether necessary Project financing is secured, NioCorp could produce separated rare earths as a byproduct, placing it at a competitive advantage vis-à-vis other rare earth projects.
The 2022 FS was done in collaboration with Understood Mineral Resources Ltd., Optimize Group Inc., and Dahrouge Geological Consulting Ltd. It includes an updated Mineral Resource that shows that the Project has the second largest indicated-or-better rare earth resource in the U.S., second only to MP Materials’ Mountain Pass deposit in California. REEs were evaluated as a potential by-product to the mining of niobium, titanium, and scandium; thus the estimated values of the REEs are reported using the previously determined diluted Net Smelter Return as derived from the Nb2O5, TiO2, and scandium Mineral Resources.
“If our testing continues to show the positive results we have seen to date, and we decide to add magnetic rare earths to our potential product line, the Elk Creek Project will represent a unique critical minerals project after project financing is obtained and the Project is put into commercial operation,” said Mark A. Smith, CEO and Executive Chairman of NioCorp. “We believe the minerals we intend to produce in America’s heartland are essential to the world’s accelerating energy transition and to the many technologies that will make it possible, including those in electrified transportation, renewable energy, infrastructure projects, and many others.”
“I want to thank the members of our technical team and the group of independent experts who helped to make this feasibility study possible,” said Scott Honan.
The 659-page Report supports the Company’s May 19, 2022 news release that provided results of the 2022 FS. The Report can be seen on SEDAR and on the Company’s website here.
Rare Earths in the Elk Creek Mineral Resource
The 2022 FS shows that the Elk Creek Project contains an estimated 632.9 kilotonnes (“kt”) of contained total rare earth oxides (“TREO”) in the indicated mineral resource category.[1] According to U.S. Geological Survey data,[2] this places the Elk Creek Mineral Resource behind MP Materials’ Mountain Pass deposit but ahead of all other current rare earth projects in the U.S. in terms of contained TREO from a NI 43-101 rare earth resource of indicated or higher classification.
The Elk Creek Indicated Mineral Resource includes the following tonnages of contained metals, using a ≥US$180/tonne NSR cut-off that was calculated using solely the contained niobium, scandium, and titanium in the Mineral Resource:
632.9 kt of TREO, including these individual rare earth oxides:
26.9 kt of praseodymium
98.9 kt of neodymium
2.3 kt of terbium
9.1 kt of dysprosium
970.3 kt of niobium oxide
11,337 tonnes (“t”) of scandium oxide
4,221 kt of titanium oxide[3]
As shown in Table 1 below, the 2022 FS shows the expected Pre-Tax and After-Tax Net Present Value (“NPV”) of the Project both increased, the mine’s expected life has been extended from 36 to 38 years, and expected Life of Mine (“LOM”) gross revenue for all three currently planned products (niobium, scandium, and titanium) have increased. The economic analysis was conducted on the same basis as the Company’s 2019 Feasibility Study, using 2019 costs and product pricing.
Table 1: 2022 Elk Creek Project Feasibility Study Economic Results
Effective date of May 18, 2022
2022 Elk Creek Feasibility Study Economic Results
(does not include the addition of rare earth products)
(US $millions)
2019 FS 2022 FS Change
Pre-Tax Net Present Value (NPV) (8% discount) $2,564 $2,819 9.9%
Pre-Tax Internal Rate of Return (IRR) 27.3% 29.2% 6.9%
After-Tax NPV $2,098 $2,350 12.0%
After-Tax IRR 25.8% 27.6% 6.9%
After-Tax Payback Period from Production Onset (years) 2.86 2.69 -5.8%
Total Upfront CAPEX $1,143 $1,141 -0.2%
Mine Life (Years) 36 38 5.6%
Life of Mine (“LoM”)[3] Gross Revenue ($M) $20,807 $21,900 5.3%
Niobium $7,860 $7,968 1.4%
Scandium $12,532 $13,504 7.8%
Titanium $414 $427 3.1%
Averaged Annual EBITDA over LoM $369.6 $397.5 7.5%
Averaged EBITDA Margin over LoM (EBITDA as % of total revenue) 67% 69% 2.2%
Averaged Annual Operating Cash Flow over LoM $307 $337 9.7%
Average Annual Operating Cost, LoM (OPEX) (US$/t) ($196.4) ($195.9) -0.2%
Averaged Annual EBITDA over Run of Mine (“RoM”) $379 $403 6.2%
Averaged EBITDA Margin over RoM (EBITDA as % of total revenue) 67% 68% 2.2%
Averaged Annual Operating Cash Flow over RoM $314 $340 8.4%
Effective Tax Rate 17.5% 16.4% -6.2%
Next Steps in NioCorp’s Plans to Add Rare Earths to the Project
Of the REEs shown by the 2022 FS to be contained in the Elk Creek Mineral Resource, NioCorp is presently focusing on the magnetic REE products neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide at purity levels that meet current commercial requirements. There currently is no commercial-scale production in North America of these separated rare earth products from ore mined in the U.S.
NioCorp plans to issue a further updated NI 43-101 technical report that will detail the Company’s plans for possibly producing rare earth products and will determine the net impact of integrating rare earth operations into the Project.
Qualified Persons
The following 19 independent experts, each a Qualified Person as defined by National Instrument 43-101, have reviewed, and approved the technical information and verified the data contained in this news release, which are derived from the 2022 FS:
Matthew Batty, P.Geo, Owner, Understood Mineral Resources Ltd.
Everett Bird, P.E., Engineering Manager, Cementation
Alex Broili, P.E.,Area Manager, Cementation
Adrian Brown, P.E., President, Adrian Brown Consultants, Inc.
Georgi Doundarov, M.Sc., P. Eng., PMP, CCP, CEO, Magemi Mining Inc.
John Gorham, P.Geol., Senior Geologist, Dahrouge Geological Consulting Ltd.
Matt Hales, P.E., Electrical Engineering Lead, Cementation
Sylvain Harton, P.Eng., President, Metallurgy Concept Solutions
Richard Jundis, P. Eng, Director of Mining, Optimize Group
Mahmood Khwaja, P.E., National Discipline Leader Tunnels & Underground Engineering, CDM Smith
Eric Larochelle, B.Eng., Co-Owner, L3 Process Development
Martin Lepage, P.Eng, Ing. Lead Technical Engineer – Hoisting, Cementation
Wynand Marx, Chief Executive Officer, BBE Consulting
Ian McKenzie, C.P.Eng, Vice President, Optimize Group
Joshua Sames, P.E., Principal Consultant, SRK Consulting (U.S.), Inc.
Darren Smith, M.Sc., P.Geo, Senior Geologist, Dahrouge Geological Consulting Ltd.
John Tinucci, PhD, P.E., ISRM, Principal Geotechnical Mining Engineer, SRK Consulting (U.S.), Inc.
Mark Willow, M.Sc., NV-CEM, SME-RM, Principal Environmental Consultant, SRK Consulting (U.S.), Inc.
David Winters, S.E., P.E., MBA, Senior Principal Engineer, Tetra Tech
End Notes
Non-GAAP Financial Measures
This news release includes certain forward-looking non-GAAP financial measures, including EBITDA. These non-GAAP financial measures are included in this news release because these statistics are key performance measures that management uses to monitor performance, to assess how the Company is performing, to plan and to assess the overall effectiveness and efficiency of operations. These performance measures do not have a standard meaning within GAAP and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with GAAP. Reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not provided because the Company is unable to provide such reconciliations without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of such items impacting comparability and the periods in which such items may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.
SEC Standards Regarding Mineral Resources and Reserves
Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in U.S. Securities and Exchange Commission (“SEC”) Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC Industry Guide 7 standards. In addition, the terms “mineral resource,” “measured mineral resource,” “indicated mineral resource,” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, the disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.
Additionally, in October 2018, the SEC approved final rules requiring comprehensive and detailed disclosure requirements for issuers with material mining operations. The provisions in Industry Guide 7 and Item 102 of Regulation S-K have been replaced with a new subpart 1300 of Regulation S-K (“S-K 1300”)under the Securities Act of 1933. The Company will be required to comply with these new rules in its disclosures for the fiscal year ending June 30, 2022, and thereafter. The requirements and standards under S-K 1300 differ from those under Canadian securities laws. The terms “mineral resource,” “inferred mineral resource,” “indicated mineral resource,” “mineral reserve,” “probable mineral reserve,” and “proven mineral reserve” used in this news release are mining terms as defined in accordance with NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council. While the terms are substantially similar to the same terms defined under S-K 1300 there are differences in the definitions. Accordingly, there is no assurance any mineral resources or mineral reserves that the Company may report under NI 43-101 will be the same as resource or reserve estimates prepared under the standards adopted under S-K 1300.
# # #
[1]] Under NI 43-101, the term "Indicated Mineral Resource" refers to that part of a Mineral Resource for which quantity, grade or quality, densities, shape, and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings, and drill holes that are spaced closely enough for geological and grade continuity to be reasonably assumed.
[2] “Critical Mineral Resources of the United States—Economic and Environmental Geology and Prospects for Future Supply,” U.S. Geological Survey, 2017, https://pubs.er.usgs.gov/publication/pp1802O
[3] “Life of Mine,” or LOM, encompasses the entire expected operational life of the mine, including ramp-up and ramp-down production periods.
Any news they bring out costs 5-7%! Please keep quiet in the future if you don't have anything important to report! THX!
1,14 C$ = 0,90 US$ - all correct eom
Scandium Price https://www.scrapmonster.com/metal-prices/rare-earth/scandium/957
How does he get his price? Or is the one in the link not the right one?
What did Niocorp do to Tom? It's not the first time he's written something like this.
Me? I have never sold more than 10% of my shares. Niocorp is still taking up an unreasonable amount of my portfolio.
I think you mean "Spunkmeyer" - another guy from Germany. He sold.
Look here - it's not realtime, but you see all trading places at a glance
https://www.ariva.de/niocorp_developments-aktie?utp=1
116C$...here is the Link.
https://www.godmode-trader.de/artikel/andr-tiedje-kursziel-116,4565939
André Tiedje: “Course target 116”
If the Elliott Waves come up with similar predictions as fundamental observations, then it might be worth combining the two...
Expert Commentary by
Andrew Hoose
Andrew Hoose
Saturday 05.03.2016 - 11:21 am
In recent years, the stock market has degenerated more and more into a plaything for political actors. In view of the current situation in Europe, the upcoming state elections in three federal states and in the wake of the ever more pressing problems of our unsecured debt money system, it is to be expected that this trend will accelerate massively.
We announced these developments here years ago and have repeatedly commented on them in detail. But the individual will do little against the looming misery. Therefore, it probably makes more sense to work out solutions instead of constantly pointing out the escalating problems. Ultimately, this costs a lot of nerves and is useless.
For this reason too, we have been dealing with the topic of "sustainable investing" in our anti-cyclical market letter for some time now. Here we introduce our readers to companies whose products make our world a little bit better.
These can be the manufacturers of regenerative energies, companies that optimize production processes from an ecological point of view, or who generally pay attention to the ethical and sustainable orientation of their business areas. There are quite a number of companies that we are monitoring in this context. And there are more and more...
In this context, we noticed the Canadian NioCorp Developments (NB.TO) some time ago. Regular readers of our comments will remember. In my personal opinion, the small group is one of the most promising commodity investments in the world.
A few key data:
NioCorp is in the process of developing the only niobium deposit in the United States, Elk Creek. Morgan Stanley and Credit Suisse are supporting the Canadians to fully finance the project. In the past, the company's managers had repeatedly grabbed their own shares massively - a very important point.
But what is so interesting about niobium and what does “sustainable investing” mean in this context?
Even in the smallest concentrations, the mineral can significantly increase the strength of steel. A pleasant side effect: This makes stainless steel significantly lighter. This is of particular importance in the automotive industry. Here, a mid-size car can be slimmed down by around 100 kilograms by adding niobium worth only 9.00 US dollars. This results in fuel savings of around five percent.
Significant amounts of scandium were also found in Elk Creek, so to speak. Similar effects can be achieved in aluminum production as in steel production with niobium: aluminum becomes significantly lighter when scandium is used. Think of possible fuel savings through lighter aircraft....
André-Tiedje-Course Target-116-Comment-Andreas-Hoose-GodmodeTrader.de-1
A recent study put the project at $3.07 billion in net present value (NPV). After-tax NPV is $2.3 billion. Annual cash flow is estimated at $438 million. The latest figures are a striking improvement on previous data. As recently as May last year, the company had expected an NPV of around $1.1 billion and annual cash flow of $178 million. Current stock market value of NioCorp: 134 million CAN dollars...
But that's not all: So far, the United States has had to import 100 percent niobium. With Elk Creek, that could change...
It goes without saying that shares in the Canadian company have been sitting dormant in my portfolio for some time: because I prefer to ride my bike, I'm happy when lighter cars emit less exhaust fumes. Of course, the fuel cell drive, in which pure water comes out of the exhaust pipe, is much more ecologically sensible than the classic combustion engine. In both cases, however, weight savings from lighter steel are important because less energy is required...
This is where André Tiedje, mentioned in the headline, comes into play.
Because we always come to very similar assessments despite completely different analysis methods, I asked André to take a closer look at NioCorp's shares.
I can reveal that my colleague was over the moon when he reported to me about his wave count. You can see the result in the following chart:
André-Tiedje-Course target-116-Comment-Andreas-Hoose-GodmodeTrader.de-2
Our Elliott Wave expert is certain of one thing, and I quote: "NioCorp will be three digits, for sure." Specifically, André Tiedje is assuming a target price of around 116 CAN dollars for our little commodity pearl. Friday night closing price: CAN$0.80. If I calculated correctly, an investment of 10,000 euros would have to become around 1.4 million euros in a few years if successful. This roughly corresponds to the performance of the legendary US index trader for which André is responsible.
But the striking thing is that under fundamental aspects one can come to very similar results and price targets. This is particularly understandable when you look at the following explanations on the subject of scandium on the NioCorp website. The facts are extraordinary.
In addition, after five years of slump in raw materials and against the background of the monetary system problems, it is time for a broad-based change of tide in the sector, according to the motto: flight to real assets. And then everything is possible.
This leads us to our final note: Because André Tiedje and I always enjoy combining our strategies, we are in the process of developing a concept for a collaboration. Maybe together we can find more gems like this little NioCorp.
You may be excited...
2022-05-20 07:57 ET - Resume Trading Niocorp Developments Ltd. will resume trading effective at the open on May 20, 2022.
Looks like there is still no trading possible in Germany! eom
And that's why they have to stop traiding? eom
Come on, Elon! Better invest one of the 44 billion useful!
https://www.ft.com/content/a0aa177e-607c-4f3c-b2af-ac74535e2d26
Thanks a lot, NCT! eom
1$!! WOW! Isn't that a little exaggerated?
For me, these are the best minutes of the day!
Oooops, wow! What happened???eom
That's how it is! BUY, pitful wimps!eom
I sold some shares a few weeks ago, but I'm going to buy them back next week. Our managers don't seem to be the brightest candles on the cake, but our products are great and needed!
Good morning, AO! )) eom
Happy new year from Europe! May the force be with us in '22!
Thanks! Good man! But I think he is from Switzerland. eom
Associated Press Story: Proposed Nebraska mine might produce more rare elements
By JOSH FUNK
Published: Dec. 14, 2021
OMAHA, Neb. (AP) — The company working to build a mine in southeast Nebraska to extract a rare element used to make steel lighter and stronger said Tuesday that it may also be able to produce some of the key ingredients needed to make the powerful magnets used in electric vehicles and other high-tech products.
NioCorp Developments released a new report Tuesday that shows those rare earth elements are present throughout the deposit it plans to mine if it can raise roughly $1 billion to build the project about 80 miles (128.75 kilometers) south of Omaha near the town of Elk Creek.
Being able to produce those sought-after elements along with the niobium, scandium and titanium NioCorp plans to mine would make the project more attractive to investors, but the company won’t know for sure whether it can economically produce those rare earth elements until it does some additional analysis of the latest data. It will take several months to complete that review.
The full text of this news story can be seen here: https://apnews.com/article/technology-business-nebraska-omaha-31ea66d9d5043e38d95681c9e03cf3eb
I have no idea either, but that seems to be a standard phrase:
https://www.bloomberg.com/press-releases/2021-03-02/niocorp-to-review-potential-of-adding-rare-earths-to-its-currently-planned-critical-minerals-product-offering
It's still a quiet period, but the way Metallica interprets it!
Yes, a really nice family with lots of smart people and a sometimes maladjusted child. I would be really happy to meet this family in Elk Creek soon!
Is that good or bad?
Good morning and thank you! How can I imagine that? They read out a few numbers and then all go home after a few minutes. No way to ask questions? Poor event, right?
I hope not, but maybe someone from the management is sick or worse?
Look again! It's better )