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Don't forget the Elk Creek water!
Drove by the mine site today, barbed wire fence is in place, saw nothing new.
I haven't driven by for a week or so, but as of last week Niocorp land is fenced on 3 sides with a barbed wire fence. Has been that way for a couple of months or so.
NEWS OUT
* NioCorp Completes First Phase of HPGR Testing of Elk Creek Ore Samples
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Process Demonstrated Potential Significant Improvements in Project Energy Efficiency
CENTENNIAL, Colo. (August 9, 2021) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) is pleased to announce the completion of the first phase of testing of Elk Creek Project (https://www.niocorp.com/elk-creek-project/) (“Project”) ore samples using High-Pressure Grinding Rolls (“HPGR”) technology. Testing confirmed that the ore that NioCorp expects to mine from the Project site, subject to receipt of necessary funding, can be successfully processed using HPGR technology, an energy efficient and low-emission alternative for reducing the size of the ore to enable the recovery of niobium, scandium, titanium, and potential rare earth products.
The testing was conducted at the Natural Resources Research Institute (https://www.nrri.umn.edu/) (“NRRI”) of the University of Minnesota-Duluth, in partnership with Weir Minerals (https://www.global.weir/industries/mining/) .
Approximately one tonne of Elk Creek drill core was reduced to the one-millimeter size needed for hydrometallurgical testwork. The test program found that the specific energy per tonne of feed processed could be reduced from the previously estimated 4.18 kilowatt-hour (“kWh”) per tonne to 3.06 kWh per tonne. That represents a 32.5% decrease in the amount of installed power needed for processing, when compared to the previous design basis.
NRRI is currently completing Phase II of the test program, which will provide three tonnes of crushed material suitable for hydrometallurgical testing, which includes optimization of the existing flowsheet and continuation of rare earth recovery test work.
“The results of this testing were very impressive,” said Scott Honan, Chief Operating Officer of NioCorp. “This program confirmed that our ore is amenable to HPGR technology, and we are pleased to see the reduction in energy consumption. We look forward to announcing the results of the follow-on work that the material produced at NRRI will facilitate.”
Qualified Persons: Scott Honan, M.Sc., SME-RM, COO of NioCorp Developments Ltd., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in the news release.
I profoundly disagree. as a lifetime resident of SE Nebraska and an over 30 year resident of Tecumseh, our small towns have their share of issues just like everywhere else. That said they are also full of hardy, honest, hard-working level-headed people that are willing to share the shirt off of their back to a neighbor in need. I think the rest of our country could learn a lot from Nebraska in general.
I disagree, although there is no earth-shattering news, the company is letting us know that the study all is going well and that they are preparing for eventual EUA from the FDA as well as for approvals around the world.
Curious, as NIOBF SP settled back this afternoon, IAALF held its own closing up nearly 17%.
Dollars sound great but let"s get to nickels first!!!!!
That was my first thought as well, but the timing doesn't seem right to me.
Is it a coincidence that (IAALF) is up 23.5% at the same time NIOBF is up over 20% without an obvious catalyst???
I too am not a farmer but have grown up around farming. The crop has emerged, it is not corn or soybeans. As I look from the road I am fairly certain it is Sudex, could be milo but not much milo if grown in our area anymore.
From Elk Creek head west out of town on 62. When you hit the intersection with hwy 50 you are at the NE corner of Niocorps recent purchase. The land lies along the west side of hwy 50 between 721 road and 720 road.
I drove by yesterday. Fencing is progressing, it looks like they have planted Sudex as a cover crop to prevent erosion.
There has been a little action at the mine site. The orange highway right-of-way markers have been located and staked and it appears a barbed wire fence is going up along the southern border. I would guess we see a surveying crew in the near future.
I just watched the Niocorp story on KETV 6:00 news. The story emphasized how our minerals can improve batteries in electric vehicles as well as how they can reduce carbon emissions through lightweighting.
They also brought up rare earths. An expert from Penn State University states that we must bring our rare earth supply chain home. He feels this is needs to be a national priority and that "there is no time to play games here" HE GOES ON TO SAY "We need to act and get a plan together for the security of our country"
Scott brings up that it is much better for the U.S. to produce rare earths responsibly here at home than to source them from other parts of the world where we don't know how they were mined.
Nebraska Senator Ben Sasse is quoted" America's relationship with China is tenuous and our policy leaders need to be spending a lot of time building answers to that the world looks like in 10, 30 and 50 years and part of that conversation needs to be about ensuring economic and supply chain independence in the tech and national security sectors"
The story finished with this tease: "What will it take to start digging - tonight at 10:00"
Great positive story for Niocorp, My opinion is that Scott through his interview has laid out why this mine is needed by the United States emphasizing the ESG principles we are committed to.
I dont have a name at Kfab, I just dm'd the station via there Facebook account.
I drove by the earlier this week. Nothing happening that I have noticed. Does not appear field's will be planted this year.
I have not seen or heard anything about this article either, I did contact the radio station but got no reply.
Most planting is complete around the area at this time. The land recently purchased by NIocorp has not been planted or even worked in preparation for planting. I would assume no farming operations will occur on this land this year, hopefully, we will see some mining preparations soon.
Good work ge11. For those who don't know Doug Goracke works in the Tecumseh utility department, he is also our part-time city economic development coordinator. I have emailed KETV Newswatch 7 inquiring as to when or if this Niocorp story will air. I will report back anything I learn. Go team Niocorp!!
I will keep an eye out for this, have not seen it yet.
Just speculating here. Exactly like you, neither of us is praying to enough facts to know.
COULD
Could be that purchasing the land is a prerequisite to obtaining finance.
I didn't know that. Thanks for the information.
I I remember the layuot correctly a good portion of the land that will be our future surface facilities is not farmable land. It is currently timber with a large ditch through it. The land to the west that I referred to is by my estimation not property included in this purchase.
BIG NEWS on a Friday!! I am looking forward to the next few weeks.
I just drove a quick lap around the section of land where the mine WILL be built. Eyeballing it, I would guess that we have purchased about 200 acres. The land parcel immediately west of the future processing plant and mine shafts has recently had some terrace work and has been worked presumably prior to planting. Other land within the section has had anhydrous applied, again presumably in preparation for planting.
NO signs on workers or any work having been done at the mine site itself. I would assume we have purchased what we need to move forward and will acquire the rest of the land as needed.
I live in Tecumseh (7 miles from the mine site). I bought 3500 shares in 1995, paid $0.61 at the time, this turned out to be the most expensive shares that I own. I have been fortunate to be able to add over 25 times this amount by buying the dips since then. This project would certainly change the economic complexion of Johnson county. Well-paying jobs both at the mine and as a result of the mine will help our economy, it will also help to relieve our tax load in a sparse population area. I am looking forward to an exciting summer.
Long and Strong!
Exactly right!
I am not an expert either, but if I remember correctly wasn't volume around 2 billion?
I think our unusual price drop is in large part a result of inexperienced reddit investors panicking because they had no idea what they had purchased in their quest to "get rich"
Let's Go!!
I hope that whoever fat-fingered that keyboard for $0.20 shares held onto them! He/she can still profit in the coming weeks!!
Like we did today!!
Volume at 50 million in first 90 seconds on OTC!!
Furthermore, I would assume that they built in a little cushion for themselves. I expect we see Big F in next 2 months.
Looks like we have a lot to look forward to.
Article below is from the Tecumseh Chieftain March 11, 2021. I don't have an electronic subscription so I retyped it. Please excuse any typos.
Niocorp Developments recently secured $10 million in funding from Lind Partnership. This new funding is aimed at allowing NioCorp Developments, to continue advancing the Elk Creek Project and, in particular, to enable Niocorp to purchase the surface land and associated mineral rights to more than 90% of the project's mineral reserves as well as other surface rights with other Nebraska landholders.
"All of these actions continue to help us advance to the point- once full financing is in place - to move the project to construction," said Jim Sims, director of public communications.
The board of directors were pleased to see the company continue to attract development capital for the project. Both the board and management team are working hard to secure additional funding to allow the project to continue moving ahead.
NioCorp Developments is engaged on multiple levels to continue pushing the project forward. Chief among their priorities now is to obtain project financing. However, Scott Honan, president of Elk Creek mining project, and his team are working on a number of things that are key to preparing the project to move quickly to construction. More detailed announcements on these initiatives and activities will occur as things progress.
Activity in the field will depend on additional financing, but may include preparatory work such as surveying, installing temporary facilities, and land clearing. NioCorp will be doing some work with the existing drill core over the next few weeks, in parallel with working through the process of completing the land acquisition. There are other land parcels that are needed for construction and initial operations, so again depending on financing, NioCorp may exercise its options to purchase additional land parcels.
As you would assume there is a lot of speculation/hope around the Johnson County area regarding Niocorp.
I am always on the lookout for Nioclues