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Mr. Jenkins I like how you Think!!
Volume at 10,000,000 on OTC. Something is up!
Funny??? I do agree though that this loan and its purpose and terms feel like a step forward. C'mon Big F!!
I will be on it!
Here is the article.
Superalloys are considered so vital to the national and economic security of the United States that the federal government has designated 35 of their component materials as critical minerals.
The U.S. relies heavily on imports for superalloy minerals, which are used in steel manufacturing, aerospace components, electrical turbines, solid-state fuel cells and other applications.
NioCorp Developments Ltd. is working to construct the only facility in North America that will mine and produce three superalloy elements – niobium, scandium and titanium.
Engineering and design firm Olsson has served NioCorp since 2014 by providing civil engineering, geotechnical, wastewater management design and environmental permitting and compliance support services to advance the mine’s development near Elk Creek, Nebraska.
Olsson has helped NioCorp navigate federal and state permitting requirements. This year, the firm led the effort to obtain an air quality construction permit from the Nebraska Department of Environment and Energy (NDEE), which ensures ground can be broken as soon as financing is finalized.
To obtain the air permit, Olsson provided GIS support, air dispersion modeling, and air quality regulatory and permitting analysis. The firm also assisted with risk assessment and strategic planning.
“This is a huge milestone for the company and another major de-risking of the Elk Creek Project,” NioCorp CEO Mark Smith said after the permit was issued. “Both the State of Nebraska and NioCorp take air quality, and environmental performance of this project, very seriously.”
Initially, the project appeared to need the most complex air permit required by federal regulation.
MASTER SITE_Niocorp.jpg
The Elk Creek Superalloys Material Project was named an infrastructure project of the year by CG/LA Infrastructure, a global infrastructure strategy and project development firm.
OLSSON
Olsson performed a best available control technology analysis to evaluate the emission rates achievable using various control technologies. Working with other project partners, the firm determined that emissions could be held below major federal permitting thresholds. This included identifying opportunities to recycle process heat, which reduced fossil fuel combustion.
Olsson also analyzed ambient air quality and worked closely with NDEE to address regulations, according to Nick Steinke, an engineering technical leader with Olsson.
“For a project this big, this new, and this technically complex to move through the permitting process as smoothly as it did is very successful,” Steinke said. “The process and resulting permit align with a goal of the NDEE director to provide more clarity between his staff and the regulated community regarding permitting and compliance.”
Scott Honan, chief operating officer for NioCorp, said the system will capture up to 99-percent of emissions. He praised the leadership at the NDEE and thanked the consultants at Olsson.
“Olsson has been an excellent partner on our project to this point, and we look forward to continuing our work with them as the project moves through financing to construction and commercial operation,” he said.
Meanwhile, the Elk Creek Superalloys Material Project has already won accolades. In October, it was named an infrastructure project of the year by CG/LA Infrastructure, a global infrastructure strategy and project development firm.
For Olsson, developing a reliable domestic source of critical minerals is essential to the nation’s interests — and so is protecting clean air.
Olsson is a nationally recognized engineering firm made up of people who craft expert solutions and designs that improve communities. The firm offers design and consulting services in planning and design, engineering, field services, environment and technology. For more information, go to www.olsson.com.
I may head to the Elk Creek Tavern tonight. I will let them know that they should have plenty of Elk Creek Water on hand after the Niocorp groundbreaking ceremony early in 2021.
YEEEHAAAAWWWW!! Let's Ride this BULL!!!
A whole new meaning for long and Strong!
International News Dec 01
China enforces new export controls, red letter day for rare earths
New law means China now has a mechanism to further reduce rare earth exports; and prices of these mineral elements have continued to rise, while some China hawks are calling for exports to the US and Japan to be cut to zero as 'retaliation for Huawei'
by Chris Gill Chris Gill
China enforces new export controls, red letter day for rare earths
Rare earths are loaded on to trucks at the port of Lianyungang in eastern China's Jiangsu province in this file photo from late 2010. Rare earth minerals are used worldwide in high-technology, clean energy and other products that exploit their special properties for magnetism, luminescence and strength. A new export control law has been implemented in a move described as trade retaliation against the United States. Photo: Wang Chun lyg / Imaginechina via AFP.
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(ATF) China implemented its Export Control Law on Tuesday December 1, which looks likely to have a major impact on the rare earths sector and possibly other industries.
The Export Control Law was endorsed by the Standing Committee of the 13th National People's Congress. It highlights the Chinese government's determination to "uphold the rule of law and maintain trade fairness in the context of counter-globalisation", the Party says.
The law aims to safeguard China's security and interests in the current "complex international trade environment", otherwise known as a trade war with the United States and a global recession caused by the coronavirus pandemic.
The law, to be overseen by China Customs officials, is China's first special law in the field of export control, aside from cultural relics.
It stipulates that the state will implement export control on dual-use items such as military products, nuclear, and other goods, technologies, services, rare earths and other items related to national security and interests, and fulfilling international obligations such as non-proliferation.
The Export Control Law means China now has a mechanism to further reduce rare earth exports, according to Netease news.
If so, it is likely to cause the global supply of rare earth elements to shrink, so the price of these mineral elements has continued to rise recently, as demand for rare earths has increased.
Rare earths are now widely used in automobiles, electronic equipment and other fields. Taking the automobile industry as an example, according to data from the China Automobile Manufacturers Association, in October 2020, China’s new energy vehicle production was 165,000, a year-on-year increase of 94%. Automobile production was 2.48 million units, an increase of 8.8% year-on-year. So, there is considerable local demand for these mineral elements.
'Unified export control'
Officials in charge of the Guangdong General Administration of Customs told Nanfang Daily the country implements a unified export control system, which is managed by formulating control lists, directories or catalogues, and implementing export licences. If the consignor of export goods or an agent of a declared enterprise needs export-controlled goods, it shall obtain a licence issued by the National Export Control Administration Department and submit it to Customs for verification.
According to the new law, export operators will face the confiscation of illegal income and maximum confiscation of unlicensed export control items, export control items beyond the scope of the export license, or export control items that are prohibited for export. That could result in a fine of 10 times the amount of illegal business operations. And, if the circumstances are serious, they will also be ordered to suspend business for rectification until their qualifications for exporting related controlled items are revoked.
The person in charge emphasized that Customs officials will strictly verify export licences in accordance with the law, and if there is evidence that the exported goods may fall within the scope of export control, it will challenge companies on exported goods and, if necessary, submit an organisational identification to the national export control administration.
Transit, trans-shipment, transportation, re-export of controlled items, or export from bonded areas, export processing zones and other special customs supervision areas and export supervised warehouses, bonded logistics centres and other bonded supervision places to overseas, also need to comply with the law.
'Cut to zero'
Now the law has passed, the price of rare earths have continued to rise, with some China hawks calling for rare earth exports to the US and Japan to be cut to zero, according to Phoenix TV.
From late November, the three main types of rare earths – terbium oxide, praseodymium oxide and dysprosium oxide – rose to 8-year, 3-year, and 5-year highs, respectively. Rare earths are regarded as strategic materials due to the Sino-US technology war, so this is a key factor in why they face export controls and why the price for these elements has soared.
People in various sectors around the world are understandably concerned, because rare earths are essential raw materials for many military, and high-tech industries, and China accounts for up to 95% of the world’s exports of rare earths, some of it imported, processed and re-exported.
Judging from the content of the Export Control Law, China's national security is mainly protected by the export of sensitive materials and technologies on the control list, and its applicable objects include all enterprises in China and foreign-funded enterprises.
According to numerous local media reports, China wants to manage the export of rare earths, “which will make it difficult for American companies to obtain cheap and high-quality rare earth resources as before.”
This is seen as direct retaliation for US restrictions on Chinese flagship firms such as Huawei, and cutting access to modern technologies such as top-end computer chips. Of course, other countries besides the USA use rare earths. And many have been working to develop mines and processing facilities.
The United States allocated $209 million for development of its rare earth industry in 2019. And in November 2018, the United States and Australia, which had at least a sixth of the world's rare earth reserves at that time, started cooperation. They have identified 15 mineral development projects that include rare earths.
South Korea, Ireland and others are making similar moves.
https://www.asiatimesfinancial.com/china-enforces-new-export-controls-red-letter-day-for-rare-earths
I think the most immediate emergency our country will face in the coming months is the fact that our health care workers and hospitals are stressed to the max. I would think that a drug that can keep patients out of the hospitals would be welcomed by the FDA as well as the country.
J-B posted this today on another board I follow.
[url][/url][tag]https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159341470[/tag]
Too lazy to type an original post on each board he is trying to bag on. It must be hard. Need to work a little harder if you want to be taken seriously.
I drove by the mine site a couple of weeks ago, at that time I saw nothing done to support the mine infrastructure.
I voted for Elk Creek
After reading through this executive order it is my opinion that we are squarely in the crosshairs. PULL THE TRIGGER!!!!
I would love to see a financing PR Monday morning!!
TSX is closed Monday.
Canadian Holidays
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Thanksgiving Day - Monday, October 12, 2020
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Markets will close at 1:00 PM on December 24th, 2020.
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As I think about why this project has yet to be funded I just can't get out of my mind that there will be a government loan or prepaid offtake agreement of some sort. Mark is an anti-dilution guy and these would be a way to reduce dilution. Last summer I expected congress to pass an infrastructure bill which I hoped would contain language that helped us out. No luck as partisan politics shot that down. Now the Defense appropriations bill passed in the house references the Niobium supply chain. Maybe something happens when it is enacted.
As I think about Marks comments for the past 18 months they all are positive and give the impression that we are close, yet still no financing. The US government could be the thing we are waiting for. We all have had expectations being out of the drivers license examiners office in 40 minutes only to be there for two hours.
If this we what we are waiting for, I expect it will be a great deal as we have waited for it for a long time!!
Good Management, Good Resource, Good Timing!!! I am still LONG AND STRONG IN NEBRASKA!!! GBR
I will give this a try. If an insider, Steve is given (earned) stock options from his/her company giving him the option to buy a number of shares at a preset price, say $1. Steve can be executed this option at the time of his choosing. If Steve chooses to execute his options when the companies share price is $3 he has made a nifty profit with little to no risk. thus no skin in the game. If the companies situation is such that Steve will not profit from executing his options he simply does not.
If steve is buying on the open market like the rest of us he is assuming the same risk we do thus he has skin in the game
For what it is worth 40 days from our last news release puts us at about Sept 8. This is the week before the two conferences that NIOBF is presenting at.
I saw that also, can't find it now.
I have really enjoyed watching my Niocorp portfolio appreciate over the past days but what really makes me smile might be the most important takeaway from this run-up and that is dilution reduction.
If we need to raise $300,000,000 millionUS (just speculation I have no inside information) two weeks ago at $0.50 that would require Niocorp to issue 600,000,000,000 shares. Today at $0.71 the same $300,000,000 would require 422,535,211 shares. Still a lot but IMHO it is getting us closer to financing.
Sorry OTC 52 week high is 0.719
OTC just hit 0.71 with volume over 200K. We may hit the 52 week high at .719
Todays volume so far:
Germany 100,000 (as per Hetfield)
TSX 204,390
OTC 173,940
Nearing 500,000 shares traded and the day is not over.
I don't know that this affects Niocorp at all, it is just another example of the US govt. investing in the rare metals supply chain.
Boilermaker is exactly right (as usual) There are generally winter days in Nebraska when construction is not feasible or slowed, but construction goes on year-round.
"Expect Movement Soon" very general statement as expected
Boilermaker, you have described Tecumseh's electrical system exactly.
GE11 - I am not certain but I believe Olsson has done some work for the city in the past regarding our sewer plant. this could pertain to that.
I have not seen or heard of this, but I have not been around either.
Not sure Putz.... In regards to the ORE act though I think that the "PLUS" for Niocorp is the tax deduction for scandium purchasers. This should go a lomg ways to help our company to develop the market. Just one more reason to switch to scandium alloys.
I think it will be hard for me to do, but I think the best play is to hold most of my shares. I want to have a significant number when Jim reports that further drilling shows that our deposit is MUCH larger than they have proven at this point.
When Mark signs on the dotted line securing financing for our mine I expect a big jump in our SP $3-5. If this does not happen I will be buying every share I can afford to hold for several years until our mine begins paying dividends. Money to be made either way.
Covid 19 is not impacting construction in Nebraska. Johnson County has a total of 6 confirmed cases. No new cases in the last 4 weeks.
In the coming weeks, I am expecting a series of PR's designed to boost the share price in preparation for financing. I am sure Mark has a plan along this line. Maybe we turn our intent statement into a solid deal for the last 25% of our niobium. What else?
No kidding here, I see this as a not so subtle hint that we will be breaking ground soon.
While I was out in the Delorean I spoke with President Adam Sandler, he was certainly bullish on Niocorp!!!!!! LOL
#getitdirty #letsgetrich!
No, the Chieftain has been printed already and is in stores.
Great job to Scott and the rest of the Niocorp team! I see that the red shovel has been removed from its wrappings and placed in the soil since we had last seen it. On to FINANCING!!!
Nothing in tomorrow's Tecumseh Chieftain regarding Niocorp, or our permit. Bummer.