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BM- Thanks for the clarification, as Cementation is indeed doing the cost estimates... The engineering is to follow based on drill (bore hole results) as you have stated. I am on the same page & agree BM.
My guess for timeline is close to yours (4-5 years "IF" they get "meaningful" Finance or partner/s involved in a timely fashion?? & allows some leeway) 2024 or 2025 then ...? We shall see.... We all want to see that "red shovel" used!
A lot keys on this year (2021) "I think.? "
2021 -meaningful-Financing/partner/s announced. Engineering & drawings completed, Critical path components ordered + (power/gas/water), EPC & Labor contracts signed, site prep & shaft freezing later in the year(fall???) News or ~JUNE MEETING/UPDATE WILL BE TELLING~
I am waiting to see what the Niocorp team officially announce or complete between now & then (June). As I have stated for me (that will be telling.)
All IMHO
"Front row seats...."
Chico
GM...I too value your opinion & that of many others who have posted on this board! Morning coffee catch up on the posts..."indeed"...
My share value "Guess" moving forward is a little more conservative than others. We are "close" though...
My timeframe to start-up keys off the date they obtain "meaningful" Big F or partnership announcement. As this will allow Niocorp to order those "Key" long term components & bring in the power/gas supply needed to feed the plant & separation facility.
All of this as BM stated hinges on the engineering to be completed & drawings "for construction" issued, contracts with labor & by Cementation & others to be signed. Right now Cementation is proceeding with the cost estimates for the Shaft sinking.
BM feel free to chime in here brother, or others to comment. The lead time for some of those critical components power & gas etc.. average about 18 -24 months per the Nov. 5th AGM. (Not to mention any additional permits/approvals to run the aforementioned utilities.
That is why my timeline is spread out a little longer right now than others have guessed. We are all in the ballpark I think. Niocorp will need to show me some more cards prior to the June update.
There is no doubt Niocorp is "Shovel Ready" & the important permits are also completed. The team is indeed executing on their plan. I'm hoping they let a little more "out of the bag" shortly.
Let's see what News or what information will be shared on this next investor meeting on April 20th! I am so with you on watching what the U.S. gov't does as well as the loan guarantee from the German govt.
as well as ThysenKrupp (who will have a new ESG steel plant operational in 2025!!) , Techmet, Traxys & everything else we have posted & discussed.
Niocorp is a Gem of a project... Agree those REE's if feasible will be icing on the cake. Agree there is more to be mined as BM stated too!
KMACK should get that 5$ soon enough...
All IMHO & do your own DD
"Front row seats with many others....!"
Chico
USA Rare Earth/TMRC/SEARCH MINERALS SYNERGIES -
Take a peek again at how USARE acquired a 70% interest in the Round Top project. SHCMF is positioning itself to be in a very similar position here & USARE is already in collaboration & aware of this asset/s potential.
https://www.nsenergybusiness.com/projects/round-top-rare-earth-critical-minerals/
"USA Rare Earth is entitled to acquire a 70% interest in the project by spending £7.7m ($10m) for the finalization of processing technology and the completion of a bankable feasibility study (BFS). It also has an option to acquire an additional 10% interest through £2.3m ($3m) cash payment to TMRC."
https://www.innovationnewsnetwork.com/usa-rare-earth-supplying-critical-minerals-green-technology-revolution/10587/
"Utilizing the competitive advantage of its versatile CIX processing method, USA Rare Earth is partnering with complementary feedstock suppliers to broaden and strengthen its supply chain.
Again ...I think Search Minerals "Clean REE's" will be a very complimentary "FEEDSTOCK & Partner" moving forward.
Might be a good day MB may touch .26/share + again... buy on any weakness.
All IMHO & do your own DD
Chico
My Niocorp prediction repost: (Depending upon Finance, schedule & construction timelines etc. - (Note: ~all in my opinion~ 2025 has been my first year at full production worst case scenario for me.)
Timeline:
2020 -shoulda, woulda, could have been...
2021 -Financing/partner/s announced. Engineering completed, Critical path components ordered, EPC contracts signed, site prep & shaft freezing later in the year(fall?) ~JUNE MEETING/UPDATE WILL BE TELLING~
2022 - 2023 - Construction completed (resource expanded? REE's/L3 news?)
2024- Ramp up to full production to earnings (@$150 million)
2025- First full year of production to earnings (@$370 million)
(Note: timeline could squeeze back to 2023/2024 worst case 2025)
My Share price predictions (based on @500 million shares outstanding/depending upon finance agreements reached & "If/when/HOW" they can execute finance/grants/SPAC/other??. (This is my guess.)
2021- @$2++ share
2022-2023 - @5$++/share (up listing NASDAQ?)
2024 - @$11/share
2025 - @$24+/share full production (@16-20 P/E)
Again this is IMHO/prediction/Guess. The timeframe can vary as well as the dates & numbers, the market etc... We could vary well see +/- share numbers or quicker end dates. Our team is working according to their schedule to advance Niocorp's "shovel ready" project.
(***JUNE IS KEY MONTH FOR ME NOW/IF Niocorp can't close on those "TERM SHEET #'s" after pushing on ropes, KYC rules & covid delays. Well I will be concerned at that point.)
I think we are indeed on our way. I'm just a little more reserved in my price points & timeline. Yes Kmack I also see 5$ to 11$ share in time plus higher! NIOCORP will compare/rival MP materials & USARE once in full production. I may be completely wrong on all my predictions. I do believe we own a "Gem"!
All IMHO no facts to back this up just conjecture...thinking out loud...yada yada....
"Front Row Seats!" Bring on the news & "road show!"=) Finance or partner/s!! It's about that time....
Chico
Join us for an Investor Talk with Greg Andrews from Search Minerals Inc. (TSXV: SMY)
April 14, 2021, 9:00 AM
https://investortalk.com/upcoming-events/ola/services/join-us-for-an-investor-talk-with-greg-andrews-from-search-minerals-inc-tsxv-smy?olaT=2021-04-14T13%3A00%3A00.000Z&olaR=2644470
Search is shaping up nicely here... I wish I could get more lol...tapped out right now.... oh well..
GLTA
MB/Doug/NB... I've been looking at GEOMEGA... take a peek (I think they are undervalued at their current market cap for what they have going on as well. On my watch list ....
Chico
MB/ALL - Department of Defense Requests Comments on Risks in Supply Chains For Strategic and Critical Materials
https://www.ustrademonitor.com/2021/04/department-of-defense-requests-comments-on-risks-in-supply-chains-for-strategic-and-critical-materials/
By Trade and Manufacturing Monitor on April 13, 2021
POSTED IN SUPPLY CHAIN, TRADE POLICY
Today, the Department of Defense (“DoD”) published in the Federal Register a request for comments on risks in the supply chain for strategic and critical materials. DoD’s request stems from an Executive Order signed in February by President Biden, which directed the DoD and three other federal agencies to closely examine America’s supply chains in four critical industries. Additional information concerning President Biden’s executive order and requests for comments on the supply chains for semiconductors and advanced packaging and high-capacity batteries are available here and here.
DoD’s report will include an update to an ongoing inquiry initiated by President Trump at the end of last year concerning imports of “critical minerals,” which include the following 35 minerals as identified by the Department of the Interior:
Aluminum (bauxite), antimony, arsenic, barite, beryllium, bismuth, cesium, chromium, cobalt, fluorspar, gallium, germanium, graphite (natural), hafnium, helium, indium, lithium, magnesium, manganese, niobium, platinum group metals, potash, the rare earth elements group, rhenium, rubidium, scandium, strontium, tantalum, tellurium, tin, titanium, tungsten, uranium, vanadium, and zirconium.
DoD’s request for comments will also focus on a broader range of critical materials so parties involved in defense-related supply chains with interests outside of the 35 identified critical minerals should consider submitting their views.
Like President Biden’s order, DoD’s request for comments signal’s a potentially broader approach to supply chains than the approach taken by President Trump. In particular, DoD is specifically requesting comments and information related to “diversifying sources of supply for strategic and critical materials, including domestic sources and foreign allies / partners.”
All members of the supply chain, including consumers and producers of both upstream and downstream products, are encouraged to participate. The deadline to file comments is Wednesday, April 28, 2021.
MB this is for you bro!
https://investortalk.com/upcoming-events SHCMF having investor talk tomorrow 9am. I used up my 3 posts here lol! please post accordingly =)
"Front Row Seats...."
Chico
ROFL ALL.... MB yah beat me brother! SEARCH MINERALS results are "Not too Shabby!..." USA Rare Earths & Search have got to be happy with these results! It looks like "IF" they tweak this along with SEARCH's proprietary Separation process...& prove this out "At Scale" There is only one direction this will go.
(The grades & concentrations are higher than TMRC Round Top & it's a "CLEAN source to boot" ESG verifiable source)
Of course they have got to complete that darn F.S., but will all "Three resources combining".... My guess is a NPV over $1B U.S. & with a low Capex of about 160 million to start the open pit mine concept... & A Canadian operational "additional Separation facility in the works"....WOW!!! (Not to mention the other prospects in the belt!)
USA Rare Earths is already collaborating with them, & have taken a small stake in the company. I'm sure they are seriously looking at these results here. They need more than one supplier of REE's to build out their mine their magnet strategy... "Search is on the menu in my opinion!"
Doug That Nio performance materials would be a good synergy with Niocorp & Appia I think??? Search is "I think" already spoken for lol??? Time will tell...
All IMHO & do your own DD..
Chico
Top-8 US uranium, REE Junior Miners:
Repost from other board member-
https://www.northernminer.com/news/top-8-us-uranium-ree-juniors/1003798587/
#3. NIOCORP DEVELOPMENTS
Market cap: US$106 million
NioCorp Developments (US-OTC: NIOBF; TSX: NB) is developing its Elk Creek niobium-scandium-titanium project in southeast Nebraska. The project’s feasibility study estimated a US$2.3-billion after-tax net present value, 24.3% internal rate of return and 3.4-year payback period. The mine could produce for 32 years. Elk Creek reserves total 31.7 million tonnes grading 0.75% niobium oxide, 2.81% titanium oxide and 71.6 grams per tonne scandium oxide.
All three metals NioCorp plans to produce at Elk Creek were recently designated “critical” to national security by the U.S. government. The project has received widespread support from local, state and federal governments.
NIOCORP MODEL stands strong on the production of Niobium, Scandium , & Titanium as laid out in the F.S. "IF" REE's are viable this would/could possibly add to the value of this project down the road.
IMHO...TMRC & NIOCORP are leading the pack...
Niocorp Review of adding REE's (Please see following videos)
https://www.niocorp.com/niocorp-to-review-potential-of-adding-rare-earths-to-its-currently-planned-critical-minerals-product-offering/
ALL-U.S. Faces Uphill Climb to Rival China’s Rare-Earth Magnet Industry April 11, 2021
Please see article below! Some possible rare earth producers "go at each other a bit" in regards to grade, radio active ore & more..." You can take away a few interesting points.
NIOCORP although not mentioned stands out as "THEE U.S. SHOVEL READY & PERMITTED PROJECT with tried & true methods to produce Niobium, Scandium & Titanium". Some future production is already under contract!, & they are looking to ADD REE's which will already be in solution in the future "IF" viable. (Neo performance materials may want some of those REE's???)
(See article below):
https://www.wsj.com/articles/u-s-faces-uphill-climb-to-rival-chinas-rare-earth-magnet-industry-11618133603#comments_sector
Businesses and governments across the West are gearing up to counter China’s dominance in a key component of modern technology: the magnet.
But the dozens of companies jostling for government support will struggle to establish a supply chain to rival China’s rare-earth magnet industry, which has a decades long head start and steadfast state support, analysts and executives say.
Powerful magnets made of rare-earth minerals are essential components in electric-vehicle motors, wind turbines and other technology. China mines over 70% of the world’s rare earths and is responsible for 90% of the complex process of turning them into magnets, analysts say. That dominance gives Beijing sway over makers of various fast-growing technologies.
The U.S. government is investing tens of millions of dollars in efforts to mine and process rare earths. President Biden in February signed an executive order directing a review of supply chains for critical materials, including rare earths. His recent infrastructure plan also pledged investment in rare-earth separation projects. Officials in Europe, Canada, Japan and Australia are getting their checkbooks out too.
Yet Western companies are mostly years away from contributing to a stable supply of rare earths, or processing them into separate minerals and turning them into useful products like magnets, analysts say.
“For these minerals to go from a hole in the ground to an electric motor, you need vast skills and expertise, which barely exist out of China,” said Constantine Karayannopoulos, chief executive of Neo Performance Materials ULC, one of a few Western companies able to process rare earths and make magnets.
“Many producers will find it difficult to compete head-to-head against China on price without some level of ongoing government assistance,” he said.
Among those receiving U.S. funding is Rare Element Resources Ltd., which together with its partner, defense contractor General Atomics, recently secured a $22 million Energy Department grant to process rare earths.
The miner hasn’t received permission to tap its deposit in Wyoming eight years after applying. It paused its application in 2016 when funds were tight.
“It’s not easy,” Chief Executive Randy Scott said of getting a mine up and running.
With its mine yet to be developed, the company said the plan is to process material it collected when testing the quality of its site.
But that stockpile will likely produce just 100 tons of rare earths, Mr. Scott said, equivalent to the weight needed to make magnets for 6,000
Toyota
Prius vehicles. Toyota sold almost 2 million electric and hybrid vehicles in 2019.
Should Rare Element Resources get a mining permit, a regular supply of processed rare earths is six to nine years away, Mr. Scott said, given the time it will take to permit, finance and build the mine.
Pini Althaus, the chief executive of USA Rare Earth LLC, wants to establish a U.S. mines-to-magnets supply chain and hopes to take the company public this year.
Some consultants question the quality of USA Rare Earth’s deposit in Texas after a 2019 assessment found ore grades, which measure mineral concentration within earth, of 0.06%. That compares with 3% at rival Rare Element Resources’ site and 7.06% for
MP Materials Corp., which has America’s only producing mine. Mr. Althaus says minerals at his site are among the most valuable of the 17 rare earths.
Consultants also question the feasibility of USA Rare Earth’s plan to have processing and magnet-making facilities up and running next year.
USA Rare Earth bought magnet-manufacturing equipment from Hitachi Ltd.
following the Japanese firm’s decision to close down a magnet factory in 2015. The kit currently sits in a warehouse in North Carolina.
Rare-earth materials are used to make magnets that are essential components in technology such as electric-vehicle motors and wind turbines.
Even if his company is successful, Mr. Althaus says the 2,200 metric tons of magnets it plans to produce annually is a fraction of the 408,500 tons in global demand forecast by the end of this decade.
“It will take two decades or tens and tens of billions of dollars [for the West] to get even close to China,” said Mr. Althaus.
A major factor holding back Western companies has been stricter environmental rules. Rare earths, for instance, are often processed from ore that contains radioactive materials, a factor that miners need to focus more attention on, analysts say.
Pensana
PLC won approval to mine in Angola, and is now pitching for U.K. government support to process material in Britain but hasn’t said what it will do with the radioactive byproduct. Pensana declined to comment.
Up until the 1980s, the U.S. led the world in mining rare earths and also developed the technology to process these minerals into something usable. In the 1970s,
General Motors Co.used them to create a magnet that would last longer in engines. Western production ebbed amid competition from China and increased environmental regulations.
Currently rare-earth mining and magnet production outside of China relies on a handful of small companies dotted across the globe working on wafer-thin margins—their challenges underscore those that new entrants can expect.
Chinese businesses can produce rare-earth magnets cheaply. Australia’s Lynas Rare Earths Ltd., a rare-earth miner, spends $10 to mine a kilogram of the minerals, versus $7 for most Chinese producers, according to
James Kennedy, a consultant. Lynas declined to comment. High costs mean even the most successful Western companies barely break even.
SHARE YOUR THOUGHTS
Should the U.S. try to compete with China in mining and processing rare-earth minerals? Why or why not? Join the conversation below.
Near Liverpool, England, Less Common Metals Ltd. takes processed rare earths and turns them into the metals that are then made into magnets. Up to 90% of revenue goes to pay for the costs of raw materials, LCM says.
“Our other costs and our returns are all in that 10%, how can you survive doing this in the West?” said Ian Higgins, the company’s managing director.
A basic rare-earth magnet is 20% cheaper from China than Europe, according to Clarence Martin, whose Michigan-based company, Eypex Corp., supplies Chinese magnets to U.S. car makers.
Mr. Martin said he’d welcome the ability to diversify his supply out of China. “But it will be quite a while before a meaningful shift in our supply chain occurs,” he said.
Time for some NEWS or announce more Finance or Partner/s??? "Niocorp is "low hanging fruit here!!"
All IMHO & do your own DD...
"Front row seats!...=)"
Chico
Following video helps validate NIOCORP's "SHOVEL READY", PERMITTED MINE!!
Great Posts MB & DOUG!!! thank you.... Nice to see Search is on the move. Helps validate why I took a small position here.
GLTA
Chico
"We are showing our age brothers! ROFL" catching up on this mornings messages on the board had me in laughing!! Between Crit's "Beaker video", Doug's "smoke em" & Ned's "Tribute song" .... Damn!!
I'm now picturing Scott Honan dialing in that "critical CO2 process" in a whole new light!!!! =) "Fun Lovin" playing in the background, in a smoke filled lab... proving out the process!" Wow...
Have a good weekend all!
Time for some news? a partner/s or Finance??
"Front row seat's......!+
Chico
Thanks BM! Now your talking-"Autoclaves & pressure vessels!" right up my alley too =). Agree... Scott & L3 have a long way to go to prove that out.
That is why Niocorp chose the path of "tried & true method SX separation" to produce their Big 3 (Niobium, Scandium & Titanium. They could add other processes once proven out & the cash is flowing.
I am thinking on a little bit of a smaller scale, more comparable to modular systems (video). Something for REE separation may look like or compare to systems used for Cannabis extraction with similar volumes. The filtration process may change? I may be way off base with scale & all "leave that to the engineers! lol =)"
Industrial Extraction Plant Tour (Example what I'm thinking size wise)
This paper presents the economic viability of utilizing Supercritical CO2 REE separation from spent coal ash. "IF" Niocorp does decide to pursue the REE's that will already be "in solution" as a byproduct of refining the ore body at the mine site for the Big 3 (Niobium, Scandium, & Titanium)
It very well may be plausible & cost effective in the future. We will have to wait & see what our Niocorp team decides moving forward. For comparison purposes it has merit. Neodymium & Scandium appear to have the most value.
https://www.academia.edu/41062553/Techno_economic_analysis_of_supercritical_extraction_of_rare_earth_elements_from_coal_ash
What I do continue to find very interesting is that the U.S. gov't. has been very proactive in regards to funding & research in this area. They are continuing to fund a few research separation projects, as I have posted earlier in regards to this subject.
All IMHO & do your own DD..
(appreciate others sharing too! nice find Doc N!)
"Front row..." =) Looking forward to the up coming presentation on the 20th
https://www.niocorp.com/niocorp-to-present-on-the-elk-creek-superalloy-materials-project-at-the-h-c-wainwright-global-mining-investor-conference-on-april-20-2021/
Oh & maybe a "News drop" too??? We all can think of many items here for sure!!!
Chico
Boilermaker...with you all the way! Once Niocorp is funded (by any number of means or partner/s we all talked about). They will produce those BIG 3 elements & generate a profit as laid out in the F.S.
I agree with you that Niocorp will need to prove out this new process just like everyone else does/or is doing such as TMRC,REEMF,UURAF etc...
Bench testing , smaller scale pilot moving onto larger pilot plant to prove out the fact that they can produce the product/s "At scale". Just like you described in your previous postings. That supercritical CO2 process does work. They just have to tweak it & prove it out. Sounds like Scott & L3 are well on their way. Scott hasn't been idle!=)
Niocorp will be ahead of the game because they can already separate using the "tried & true methods." Generate that cash $$$ flow once operational; all the while Scott & the team can develop that process for niobium & REE's & "IF" proven viable incorporate that process into the flow of the project. As an engineer I'm sure you have a good handle on how they can do that brother! =)
So that niobium oxide, REE's etc... "while cool" could/should add value down the road. Might take a few years to put into play. The elephant in the room is Finance... We all thought last year was (the year I think?) , but the world caught covid. That being said it does appear that Niocorp is on the road to finance & or partner/s.
We are all waiting to see what happens... I've remained positive as we see what transpires over the next few months. However in June ... I will be more critical if we don't hear something (more substance) in regards to finance.
Appreciate your input & opinions my friend & that of many here! Nice to validate with each other & also sometimes disagree.
All IMHO etc..
LMAO Crit....picturing the muppets "Beaker" in my head now!=)
Chico
Hey Max great point! That is why so many Jr. miner's & even larger mining companies are having to "prove out" so many different separation processes. Many of which are geared towards the specific ore's found on each project.
Monazite needs to be processed differently than Carbonatites due to higher radio active by products etc... Many larger companies are looking at separating their waste products to obtain REE's & the like. Take Rio Tinto for example-
They have developed a process to garner Scandium from their waste stream & turn it into a "soup to nuts" end product producing Scandium Aluminum alloys.
China is leading right now because they are the cheapest & dirtiest producer. They have been o.k with that in order for them to corner the market. The Jr. miners were left out in the cold for a good period of time.
Quality projects like Niocorp should & are finally being recognized & given the attention they deserve. The U.S., Europe, Japan etc.. are finally realizing they do not want to depend on China for these "critical minerals" any longer.
Finally other countries are catching on! Niocorp & other companies are seeking to produce ESG "CLEAN" products. Which will/should garner a higher value price. Niocorp will be an ESG project. Governments are giving out loans & loan guarantees to help...(finally)
Please see example of what we might be seeing more of in the future:
USA Rare Earth Partners with Source Certain International to Launch Transparent and Trusted Supply Chain for Critical Minerals
“Supply chain transparency and traceability for critical and strategic minerals supply chains -- particularly for green and clean technologies -- is fast becoming a requirement for end-users and for governments,”
https://www.globenewswire.com/news-release/2021/02/18/2177786/0/en/USA-Rare-Earth-Partners-with-Source-Certain-International-to-Launch-Transparent-and-Trusted-Supply-Chain-for-Critical-Minerals.html
I did ask Jim if Niocorp intended to do something similar as above, but have yet to receive a reply. I may have asked something he could not answer at the time (give too much away???) not sure... we may get a news drop in the future?
In any regard. ESG "Clean" stable supplies of these materials should garner a little higher price moving forward. Which would allow companies the latitude & incentives to produce & challenge China in the future. The U.S. has passed recent legislation that mandates the gov't must purchase products from stable sources etc..
It appears they are trying to finally do this, but we are still a few more years from this happening. In the mean time this older article still rings true-
https://www.mining.com/web/china-locking-critical-resources-uss-backyard/
All IMHO & do your own DD
Chico
"Front row seats...=)"
Crit/all... "This will include evaluating rare earth extractions in larger scale carbonation testing on the Elk Creek Project ore, which are currently underway.”
https://www.niocorp.com/niocorp-rd-effort-identifies-possible-improved-approach-to-niobium-extraction-for-its-elk-creek-project/
I believe so Crit! & why I've been posting in regards to this process Scott Honan is working on in collaboration with L3. The Supercritical CO2 separation can produce oxides according to the papers I've read & posted. Even tried to garner some info from Jim.
This leads me to believe that as the above new posting from Niocorp suggests, that they are utilizing this method as another form to separate niobium. However the papers that I've read & posted describe that this process also works for REE's.
The trick is to finding the right chemistry, pressure, temperatures etc. in order for them to settle/leach out during the process. There again Scott mentions that they had about 30% or so on a first run basis. A second or third run may lead to higher recovery @70%+ range??
Then they would have to "Prove they could Scale this up". Hence bench scale, small pilot scale, pilot plant to prove out the process at scale (lbs/tons) over time.
What is unique to Niocorp is that they are going to produce Niobium, Scandium & Titanium using "tried & true methods" as laid out in the F.S.
This is important! because Niocorp can build out & produce their product while continuing to research & prove out this new method.
"If" this new method is viable, I would think they could add systems into the "Flow" of the existing set up as designed moving forward. (Select the REE's/types they want to produce & maybe value added niobium or the like moving forward??)
Niocorp can & will produce Nb, Sc & Ti as designed & laid out in the F.S. once financing is attained. (note they can be up & producing product & generating revenues!!) while completing this research & adding the process & components at a later time if proven viable.
Example of niobium oxide being produced through supercritical CO2 separation:
https://pure.rug.nl/ws/portalfiles/portal/108279595/c9gc02623a_3_.pdf
(figure #1 is basic flow)
^^^Note: Scott/L3 are working out solutions using Niocorp's Ore & Chemistry to solve the problem. It will/should be proprietary to them if viable & may add value down the road. One can get an idea of the added value that can be gained by looking at TMRC's investor presentation (slide #21 &22 on their website)
Again All of the above is my opinion! Please do your own DD
Scott & our team have been busy!! I like Niocorp's plan & what they are doing. I am happy to see the progress, but may have to ask some hard questions if by June 2021 they have not moved any further on Finance.
Until then...
"Front row seats...'
Chico
Consider the possibility that Niocorp is seeking a new approach for which methods could separate the niobium into an oxide? as well as other elements in the ore stream. (REE's)
NioCorp R&D Effort Identifies Possible Improved Approach to Niobium Extraction for its Elk Creek Project
https://www.niocorp.com/niocorp-rd-effort-identifies-possible-improved-approach-to-niobium-extraction-for-its-elk-creek-project/
CO2 separation has been used to extract rare earth "oxides" as noted below & others:
Extraction of rare earth oxides using supercritical carbon dioxide modified with Tri-n-butyl phosphate–nitric acid adducts:
https://www.osti.gov/pages/biblio/1259494-extraction-rare-earth-oxides-using-supercritical-carbon-dioxide-modified-tri-butyl-phosphatenitric-acid-adducts
All rare earth oxides tested with both adduct species could be extracted with the exception of cerium oxide.
Jim would not give me very much information on this when I questioned him about this process a while back. As it is "under wraps", but they will release news when appropriate. Any system developed & proven could easily be added into (the plant flow process) of a plant at a later time if proven feasible.
It might augment production or be considered a value added process to produce higher end products. All the while the mine & separation facility as designed can pump out contracted Nb, Sc, Ti product "as is" to end users.
The U.S. & several companies & competitors are looking into developing several forms of different separation processes.(some only work with mine specific ore types)
Niocorp although utilizing the tried & true method as laid out in the F.S. to separate the niobium, scandium & titanium in the ore stream at the Elk Creek mine site; is experimenting with supercritical CO2. I found it very interesting at the time when Scott Honan announced last September that they were looking into this new method along with L3.
We will have to it & see what is announced in the future for sure. There still remains that last 25% niobium production to be placed under contract. Maybe Toshiba wants some??? "Wild theory perhaps but plausible??? lol"
World wide tour..."If at ALL POSSIBLE"..M.S.
All IMHO
Chico
DOE Announces $30 Million for Research to Secure Domestic Supply Chain of Critical Elements and Minerals
MARCH 18, 2021
https://www.energy.gov/articles/doe-announces-30-million-research-secure-domestic-supply-chain-critical-elements-and
https://science.osti.gov/-/media/grants/pdf/foas/2021/SC_FOA_0002483.pdf
"3. Separation Science: New separation principles and approaches are needed to enable innovation and improve the efficiency of removing REE and PGE from complex mixtures, such as those derived from ore processing, mine tailings or recycled materials. Approaches may involve bio-inspired (e.g. enzymatic) pathways, multiscale simulation of transport and separation, operando experiments, and data science. Applications must focus on determination and understanding of chemical speciation that controls key aspects of separations.
Critical Minerals & Materials: Chemical and Materials Sciences Research On Rare Earth and Platinum Group Elements
Announcement Number:
DE-FOA-0002483
Post Date:
Thursday, March 18, 2021
Close Date:
Wednesday, June 9, 2021
Submission Deadline for Pre-Applications:
April 12, 2021 at 5:00PM Eastern
A Pre-Application is required
Pre-Application Response Date:
May 10, 2021
Submission Deadline for Applications:
June 9, 2021 at 11:59 PM Eastern
Hi Jim...
Gotta ask...
Will/does Niocorp - benifit from this executive order in the future through loan guarantees or investment moving forward?
https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries/
Jims response:
Possibly, yes.
Jim
Could the supercritical CO2 separation methods for separation that are being developed qualify for a few federal dollars?? Niocorp has a great plan moving forward using the "TRIED & TRUE separation methods" to separate the niobium, scandium & titanium from their ore stream as laid out in the F.S.
While developing new methods (proprietary CO2 separation w/L3) that could be added into the layout at a later date. "I think so.."
Plenty of Catalysts to drive the NEWS & execution of Niocorps's plan.
a) Last remaining 25% production of Niobium under contract with a U.S. steel producer or other?
b) Update on proprietary CO2 separation process with L3 for niobium & possibly more?
c) Cementation completing cost estimates & moving onto engineering
d) Announcement of more finance or partner/s yet T.B.D. moving forward
e) land clearing, surveying & the (outhouse guy lol)
f) ordering critical path components
& I'm sure folks can think of a lot more....!
Plus the upcoming Investment meeting
NioCorp To Present on the Elk Creek Superalloy Materials Project at the H.C. Wainwright Global Mining Investor Conference on April 20, 2021
https://www.niocorp.com/niocorp-to-present-on-the-elk-creek-superalloy-materials-project-at-the-h-c-wainwright-global-mining-investor-conference-on-april-20-2021/
Good time to add here. This is going higher...
All IMHO & do your own DD
"Front row..."
Chico
A buried, rare earth elements (REE)- and niobium (Nb)-rich carbonatite mass, referred to as the Elk Creek carbonatite, lies in the subsurface about 1.6 km (1 mi) southwest of the small town of Elk Creek in southeastern Nebraska.
Niocorp will have some pretty good Rare Earth Elements "In Soulution" during processing!
https://www.mindat.org/loc-219396.html
Scott Honan speaking to Niocorp's REE potiential:
Worldwide, carbonatites are major sources of both REE and niobium, and are characterized by significant enrichment in the LREEs (La-Gd) over the HREEs (Tb-Lu).
The Elk Creek mine is shown in figure #1 Map (below)
https://www.mdpi.com/2075-163X/10/11/965/htm
It seems other folks are having some success with Critical CO2 separation of REE's as well. This should "possibly" bode well for Scott's "proprietary" work with L3 moving forward...
Application of Green Solvents for Rare Earth Element Recovery from Aluminate Phosphors
https://www.mdpi.com/2075-163X/11/3/287
Niocorp's Elk Creek mine can stand on the merits of it's Niobium, Scandium & Titanium production alone. (some is already under contract for supply!) Any addition of Niocorp's REE's which will be in the same solution as the BIG 3 elements are "interesting indeed!"
Go team Niocorp!
"Front row seats...."
All imho...
Chico
Worldwide, carbonatites are major sources of both REE and niobium, and are characterized by significant enrichment in the LREEs (La-Gd) over the HREEs (Tb-Lu).
The Elk Creek mine is shown in figure #1 Map (below)
https://www.mdpi.com/2075-163X/10/11/965/htm
It seems other folks are having some success with Critical CO2 separation of REE's as well. This should "possibly" bode well for Scott's "proprietary" work with L3 moving forward...
Application of Green Solvents for Rare Earth Element Recovery from Aluminate Phosphors
https://www.mdpi.com/2075-163X/11/3/287
Niocorp's Elk Creek mine can stand on the merits of it's Niobium, Scandium & Titanium production alone. (some is already under contract for supply!) Any addition of Niocorp's REE's which will be in the same solution as the BIG 3 elements are "interesting indeed!"
Go team Niocorp!
"Front row seats...."
All imho...
Chico
Kmack...Had a good laugh! We know... your Niocorp's #1 fan brother. That is your spot. Happy to repost some of the threads put together earlier. Sometimes folks don't see them... some good information from Jim for sure.
Many on this board have given such great input over the years, not just me. It's nice to see Niocorp starting to get the attention it deserves.
I am keeping an eye on them this month (gut check). Niocorp has a lot of irons in the fire, but they all depend upon "finance". Which could come in any number of forms or a partnership/s or combination thereof.
Looking forward to the Wainwright webcast & maybe a new tidbit to drop. Mark Smith did say the Niocorp team "doesn't let grass grow under their feet". We should be in for some "interesting news drops" in the coming weeks prior to the June update... I think??
So far 2021 is shaping up nicely. GLTA & Go team Niocorp!
All IMHO
"Front row seats ...."
Chico
NIOCORP'S SCANDIUM & responses from Jim...
(repost for all new board members)
NIOCORP'S SCANDIUM ALLOY PROGESS -2017,2018,2019,2020 Breadcrumbs!
A method to an endgame?? Be sure to read the finish!
NioCorp and IBC Announce Successful Completion of Initial Casting Campaign for Aluminum-Scandium Alloys
Wilmington, MA (December 28, 2017) — NioCorp Developments Ltd. (TSX: NB, OTCQX: NIOBF, FSE: BR3) (“NioCorp”) and IBC Advanced Alloys (TSX-V: IB; OTCQB: IAALF) (“IBC”) (collectively the “Companies”) today announced the successful manufacture of several aluminum-scandium alloy ingots. These test pours occurred at IBC’s Wilmington, Massachusetts Engineered Materials facility using scandium purchased commercially by NioCorp.
NioCorp and IBC Advanced Alloys Announce Successful Production of Aluminum-Scandium Master Alloy
CENTENNIAL, Colo. (October 8, 2018) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) and IBC Advanced Alloys (TSX-V: IB; OTCQB: IAALF) (“IBC”) are pleased to announce the successful production of aluminum-scandium master alloy. The master alloy was produced at the Ames Laboratory, a U.S. government-owned, contractor-operated national laboratory of the U.S. Department of Energy (DOE), located in Ames Iowa.
NioCorp Announces Success in Producing Aluminum-Scandium Master Alloy in a New Test to Prove Out a Commercial Production Pathway
CENTENNIAL, Colo. (August 7, 2019) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF) is pleased to announce the successful production of an Aluminum-Scandium (“AlSc”) master alloy using a metallurgical process that helps to prove out a commercial pathway to potential production of the master alloy.
?On 9/15/20,
Morning Jim
In 2018 & 2019 Niocorp produced Aluminum Scandium Alloys in conjunction with IBC & Ames laboratory.
I would like to know if any patents were issued or applied for as a result of those alloys produced?
Looking forward to the upcoming presentations on the 16th & 17th.
Jim's response:
No patents have yet been filed as part of this effort, as our work to date has focused on tried-and-true metallurgical techniques to produce aluminum-scandium master alloy. This helps to reduce the technology and execution risk.
Thx,
Jim
I’ve gotta go with a follow up question...
Will/are - Chris Huskamp/IBC or other entities continuing to pursue or following up on the materials produced since the initial casting and testing?
Jim's response:
That work is continuing. Chris Huskamp now works for Jabil, where he leads their additive manufacturing business. One of the main areas of focus is scandium-contained alloys ..
Jim's response to Scandium & future Scandium Producers 1/2021:
Question asked:
Jim-
"You are all probably aware of Rio Tinto’s entry into the Scandium market via the elementnorth21 venture. Could you offer an opinion in regards to this market competition in the Scandium market, and if a lower price point offering is a concern for Niocorp moving forward?"
Reply:
Rio Tinto's effort to more widely commercialized scandium products should be very much welcomed by all prospective scandium producers.In order for large prospective consumers of scandium, such as companies in the aerospace, vehicle transportation, and energy/battery industries, to move aggressively toward incorporating scandium at scale into their manufacturing operations, they will want to see multiple scandium suppliers serving the market. Ensuring diversity of supply for specialty materials like scandium is key for these companies, as it helps them manage supply chain risk.
We believe that multiple producers of scandium will create a rising tide of demand that will benefit all. After all, several independent analyses forecast latent demand for scandium in the several hundred tonnes / year range, if not higher.
Pricing for various scandium products is likely to vary significantly as these markets mature. Some scandium oxide and scandium master alloy products will be sold as commodity products. But other scandium products sold by producers are likely to be custom chemical formulations or alloys or fabricated scandium alloy products that are custom engineered for a specific application. Pricing for these types of value-added products is set between the materials producer and the customer and is often based on the value delivered to the customer of the custom product, rather than an advertised 'commodity' price for scandium.
Hope this is helpful.
Jim
Finish with these thoughts:
?On 10/21/20,
Hi Jim...
Gotta ask...
Will/does Niocorp - benifit from this executive order in the future through loan guarantees or investment moving forward?
https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries/
Jims response:
Possibly, yes.
Jim
Reply from Jim in regards to future investor presentations. Just wanted to share with board. 2/2021
"The short answer is yes! Our plans are to wage a continuing and aggressive investor outreach program in 2021, including participating in a number of virtual conferences and virtual "road shows" to investors around the world."
Jim
https://www.niocorp.com/niocorp-to-present-on-the-elk-creek-superalloy-materials-project-at-the-h-c-wainwright-global-mining-investor-conference-on-april-20-2021/
The Niocorp team continues to execute their plan. News has been dropping every few weeks lately. Nice time to build/add to a position. A lot of positive catalysts moving forward...
Everyone can draw their own conclusions! GLTA
GO team Niocorp....
All IMHO etc...
Chico
LM - Breadcrumbs Indeed! What will 2021 bring???... I'm reposting some interesting articles for all (new board members!):
The BENS US Critical Minerals List Criticality Ranking
#2 Scandium #3 Niobium
https://www.bens.org/file/councils/Criticality-Ranking.pdf
https://www.bens.org/pages/policy-work/resilience-council---critical-minerals
An Overview of Rare Earth Elements and
Related Issues for Congress
November 24, 2020
https://aquadoc.typepad.com/files/crs_report_ree_24nov2020.pdf
US Urgently Needs to Challenge China's Chokehold on Rare Earth Materials
by Lawrence A. Franklin
November 21, 2020 at 5:00 am
https://www.gatestoneinstitute.org/16754/china-rare-earth-materials
"Current REM sites in the US that have the potential to expand rapidly, particularly if the government provides financial and tax-free incentives, include Elk Creek Mine in Nebraska, Bokan Mine in Alaska, and Bear Lodge Mine in Wyoming. Presently, the most profitable REM site in the US is Mountain Pass Mine in California."
Niocorp's Elk Creek Mine is "shovel ready"!! per AGM Nov. 5th 2020
FY 2021 NDAA Becomes Law After Veto Override
By: Kevin Lilley
JANUARY 01, 2021
https://www.moaa.org/content/publications-and-media/news-articles/2021-news-articles/advocacy/fy-2021-ndaa-becomes-law-after-veto-override/
INCLUDED IN THE NDAA 2021 BILL
NIOCORP: A SECURE SUPPLY OF NIOBIUM, SCANDIUM & TITANIUM ANYONE?
"Domestic Sourcing Requirements for Aluminum (Sec. 829): The House bill would add aluminum and aluminum alloys to the list of specialty metals at 10 U.S.C. § 2533b(l). With exceptions, this statute would prohibit DOD from acquiring aircraft, missile and space systems, ships, tank and automotive items, weapon systems, ammunition, or components thereof containing a specialty metal that is not melted or produced in the United States, and prohibit DOD and prime contractors from purchasing a specialty metal that is not melted or produced in the United States." (interesting!)
"Preference for Sourcing Rare Earth Materials from the National Technology and Industrial Base (Sec. 824): The bill would create an order of precedence for DOD’s acquisition of certain materials deemed “strategic and critical” to defense, industrial, and essential civilian needs of the United States, prioritizing sources within the United States, followed by sources in the NTIB, and then any other sources."
"In addition, DOE and DOI are tasked with exploring possible loan guarantee programs under the Energy Policy Act of 2005 for mining operations that adhere to clean environmental practices."
NIOCORP:ESG PRACTICES ADHERENCE
NIOCORP PRAISES NDAA SCANDIUM & NIOBIUM!
https://www.globenewswire.com/news-release/2017/07/20/1054568/0/en/NioCorp-Praises-U-S-Senate-Armed-Services-Committee-For-Approving-Legislation-Regarding-U-S-Produced-Scandium.html
"CENTENNIAL, Colo., July 20, 2017 (GLOBE NEWSWIRE) -- NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) today praised the U.S. Senate Armed Services Committee (“SASC”) for its recent approval of legislation requesting a U.S. Department of Defense (“DoD”) briefing on the potential strategic value of U.S.-produced scandium. The legislation also “strongly encourages” the DoD to consider entering into commitments to purchase strategic and critical materials from U.S. domestic producers that are not yet in production but which the DoD believes are likely to initiate production of such materials within the next five years."
September 29, 2020
NioCorp R&D Effort Identifies Possible Improved Approach to Niobium Extraction for its Elk Creek Project:
https://www.niocorp.com/niocorp-rd-effort-identifies-possible-improved-approach-to-niobium-extraction-for-its-elk-creek-project/
In collaboration with L3 they are working on a proprietary critical CO2 separation process for niobium. (Note: this process can be used for REE separation***)
October 5, 2020
NioCorp Applauds White House Initiative to Promote Stronger Critical Minerals Supply Chains in the U.S.
https://www.niocorp.com/niocorp-applauds-white-house-initiative-to-promote-stronger-critical-minerals-supply-chains-in-the-u-s/
October 27, 2020
NioCorp to Conduct Annual Meeting on Thursday, Nov. 5, 2020
Nov. 5th 2020 AGM timeline is laid out by Scott Honan:
German steel giant Thyssenkrupp plans 500MW green hydrogen plant
https://reneweconomy.com.au/german-steel-giant-thyssenkrupp-plans-500mw-green-hydrogen-plant/
I wonder who will contract with Niocorp for the last remaining 25% of Niobium production...???
https://www.niocorp.com/large-u-s-based-steel-producer-signs-non-binding-letter-of-intent-with-niocorp/
Chico
MB & all ...just a lil retail dude trying to share my opinions & dd along with others on some of the same penny stocks we are interested in. Appreciate your input & that of some others here & on some of the other boards. Sometimes folks post some great stuff you don't see or offer a different opinion on things.
The junior miners we seem to be watching & investing in "should" finally start to see the attention they deserve... (we hope? lol)
I try not to be too "pie in the sky" with my outlooks although I would love to see 4-5$/share on many of these plays. Most are not "there" yet!, but a few might hit and beyond that target yet!?? I think....(NIOBF)
SHCMF is plugging along on all cylinders. They have done a lot of the leg work over the past 9 years and are imo closing in on the prize. They have the attention of USA rare earths for their "Clean" REE ore & I believe it's only a matter of time before they bite! (2 year time frame??)
All IMHO
Chico
Amen! eom
Indeed good point to add or start a position & add to any weakness. It looks like SHCMF is basing around the .16/sh range & will probably stay here for a while...the market cap makes sense (for now).
This is a long term hold (2 years for me), as they prove out process (AT SCALE) & complete a F.S. with combined assets. I think this will go the same way TMRC & I'm willing to hold. When & "IF" they announce a partner (USARE??) in the future..."& they need a partner." 100x this price point is doable "I think"....then & higher thereafter.
Keep an eye on Appia as well both are strong early contenders for REE plays in Canada.
Happy Easter All!
All IMHO
Chico
Thanks NB! as you corrected me on your previous post #70858 NioCorp is exercising its “Right to Purchase” parcel #490045375 ( = 226.43 acres).
Appreciate your updates & "eyes in the field!" & on that NE website. =)
In addition to Lind's $10,000,000 these warrants if exercised will receive the cash exercised accordingly as closed:
658,872 warrants come due April 5,2021 @C.72 = $375,443 U.S.
298,581 warrants come due April 29,2021 @C.72 = $170,191 U.S.
645,250 warrants come due May 9,2021 @C.72 = $367,792 U.S.
1,035,319 warrants come due July 9,2021 @C.77 = 631,545 U.S.
2,607,750 warrants come due July 26,2021 @C.79 = $1,642,883 U.S.
500,000 warrants come due Dec. 18,2022 @C.80 = $320,000 U.S.
8,558,000 warrants come due Feb. 19,2024 @C.97 = $6,589,660 U.S.
14,303,772 shares added grossing Niocorp = an additional @ $10,100,000 U.S.
Common Shares Outstanding as of
March 31, 2021 = 245,545,587 Common Shares plus the 14,303,772 that will be added between now & 2024 = 259,849359 shares outstanding.
They will have enough cash coming in to support operations & a bit more. Looking forward to what they announce between now & the June update. They seem to be following Scotts position as laid out in the Nov. 5th AGM. with small tranches of funds so far.
All is well & good as it keeps the ball rolling. I did say in April 2021 I would be looking hard at the company & giving them a :gut check:... Waiting to see what they announce in the month ahead now..
1) Contract for last remaining 25% of Niobium production?
2) Cementation cost for underground work completed & moving onto engineering.
3) Purchase of the land as mentioned above ...& more...
4) Announce a partner/s & or Funding "Big F" =) (this opens all the doors!!)
"Front row seats"....
Happy Easter All!
All IMHO etc...
Chico
-The date of this Prospectus is April 1, 2021. -
https://www.sec.gov/Archives/edgar/data/0001512228/000178598221000072/sf0109h_424b3.htm
Chico
“The path to rare-earth independence for the US must include: Ensuring supply chains of rare earths necessary for national security; promoting the exploitation of the elements domestically (and removing barriers to responsibly doing so); mandating that defense contractors and other critical-infrastructure entities wean themselves off Chinese rare earths; sponsoring research and development to find alternative materials, especially for clean energy technology; and creating a substantial stockpile of the elements in case of a Chinese boycott,” Staviridis wrote.
https://nationalinterest.org/feature/china%E2%80%99s-monopoly-rare-earth-metals-critical-national-security-risk-181261
At least 8-10 years of articles like these describing the needs for this materials & a domestic secure supply chain. So many of us saw this the last time & invested in Niocorp or similar companies. It's 2021 & maybe those in charge finally see the light???
I see some of the doom & gloomers are back... Thanks for your concern, but I'm happy with this investment as well. The U.S. needs a stable, secure, domestic, ESG supply of Niobium, Scandium & titanium (& possible REEs) from the Elk Creek Mine. Those that have & are purchasing shares earlier & even now see the value here & know what they own.
The Engineers at Cementation are at work. The land is purchased & the Niocorp team "IS" working to their plan as laid out in the Nov. 5th 2020 AGM & F.S. to bring this mine to fruition.
It's been a while since we had news. We might be due soon? I'll be watching & waiting "in my front row seat" along with many others...
The bases are loaded, are team is in the lead.... "Play Ball!!" Nice to see some new faces in the seats as well! =)
GLTA
All IMHO
Chico
Environmental and Clean Energy Applications That Utilize NioCorp’s Planned Products
https://www.niocorp.com/resource-center/environmentally-critical-minerals/
Niocorp mentions Tohsiba batteries. I just wanted to post an update on Toshiba & Nyobolt. Neo performance materials has also been in the news lately. Working on a U.S. REE supply chain for their magnet manufacturing.
(articles on their website)
A lot of Synergies for Niocorp's products? possibly Niobium, Scandium & Titanium &(possible REE) future end users??? That last remaining 25% of Niocorp's niobium product has yet to be determined (Nucor?). Only 10% of the Scandium is under contract (Traxys), Titanium & (REES)??? maybe Toshiba wants some titanium oxide? lol
GO team Niocorp... we all want to see that "red shovel" one more time!
Chico
Toshiba - Using Niobium Titanium Oxide (NTO) as a next-generation anode material: 3/17/2021
"Toshiba have been focusing our attention on the possibility of Niobium Titanium Oxide (NTO) as a next-generation anode material that will help increase the battery capacity while maintaining the excellent characteristics of lithium titanate oxide (LTO), the conventional anode material of SCiB™. NTO has roughly three times higher theoretical volume capacity density than LTO while providing the advantages of LTO such as long life and rapid charging."
https://www.global.toshiba/ww/products-solutions/battery/scib/next/nto.html
"Hey... Jim did say "World wide tour", & Mark did mention "I think" he's been all about including " the East"???"
https://www.toshiba-clip.com/en/detail/p=791
Oh....& this too! =) Nyobolt has appointed Mark Newman as chief commercial officer and head of strategy responsible for developing commercial partnerships.
https://www.electronicsweekly.com/news/business/cambridge-niobium-anode-start-appoints-cco-2021-03/
Wanted to share too.... have a great day all!
All IMHO ...
Chico
KC/Atl/KM/PM & all...What wonderful articles & information. Thank you for sharing! Having my morning cup of coffee & catching up on the board posts this morning.
It all brings together our beliefs in the needs for these materials the Niocorp project "will" bring to secure a stable, ESG, supply chain moving foward.
I see Dutch & the Misses are in SPAIN! Wow!!.. Tapas & Wine & Seafood Paella..& more...enjoy!!! =)
Chico
Could a SPAC/ PIPE loan, traditional loan be in play? Interesting listen for me.(though each is long)
I would like to share the following videos... ( no wonder it's taking so long) Waiting with everyone to see what the Niocorp team has in store...
good info on a Pipe loan for mining:
NIOCORP'S SCANDIUM & responses from Jim...
(repost for all new board members)
NIOCORP'S SCANDIUM ALLOY PROGESS -2017,2018,2019,2020 Breadcrumbs!
A method to an endgame?? Be sure to read the finish!
NioCorp and IBC Announce Successful Completion of Initial Casting Campaign for Aluminum-Scandium Alloys
Wilmington, MA (December 28, 2017) — NioCorp Developments Ltd. (TSX: NB, OTCQX: NIOBF, FSE: BR3) (“NioCorp”) and IBC Advanced Alloys (TSX-V: IB; OTCQB: IAALF) (“IBC”) (collectively the “Companies”) today announced the successful manufacture of several aluminum-scandium alloy ingots. These test pours occurred at IBC’s Wilmington, Massachusetts Engineered Materials facility using scandium purchased commercially by NioCorp.
NioCorp and IBC Advanced Alloys Announce Successful Production of Aluminum-Scandium Master Alloy
CENTENNIAL, Colo. (October 8, 2018) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) and IBC Advanced Alloys (TSX-V: IB; OTCQB: IAALF) (“IBC”) are pleased to announce the successful production of aluminum-scandium master alloy. The master alloy was produced at the Ames Laboratory, a U.S. government-owned, contractor-operated national laboratory of the U.S. Department of Energy (DOE), located in Ames Iowa.
NioCorp Announces Success in Producing Aluminum-Scandium Master Alloy in a New Test to Prove Out a Commercial Production Pathway
CENTENNIAL, Colo. (August 7, 2019) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF) is pleased to announce the successful production of an Aluminum-Scandium (“AlSc”) master alloy using a metallurgical process that helps to prove out a commercial pathway to potential production of the master alloy.
?On 9/15/20,
Morning Jim
In 2018 & 2019 Niocorp produced Aluminum Scandium Alloys in conjunction with IBC & Ames laboratory.
I would like to know if any patents were issued or applied for as a result of those alloys produced?
Looking forward to the upcoming presentations on the 16th & 17th.
Jim's response:
No patents have yet been filed as part of this effort, as our work to date has focused on tried-and-true metallurgical techniques to produce aluminum-scandium master alloy. This helps to reduce the technology and execution risk.
Thx,
Jim
I’ve gotta go with a follow up question...
Will/are - Chris Huskamp/IBC or other entities continuing to pursue or following up on the materials produced since the initial casting and testing?
Jim's response:
That work is continuing. Chris Huskamp now works for Jabil, where he leads their additive manufacturing business. One of the main areas of focus is scandium-contained alloys ..
Jim's response to Scandium & future Scandium Producers 1/2021:
Question asked:
Jim-
"You are all probably aware of Rio Tinto’s entry into the Scandium market via the elementnorth21 venture. Could you offer an opinion in regards to this market competition in the Scandium market, and if a lower price point offering is a concern for Niocorp moving forward?"
Reply:
Rio Tinto's effort to more widely commercialized scandium products should be very much welcomed by all prospective scandium producers.In order for large prospective consumers of scandium, such as companies in the aerospace, vehicle transportation, and energy/battery industries, to move aggressively toward incorporating scandium at scale into their manufacturing operations, they will want to see multiple scandium suppliers serving the market. Ensuring diversity of supply for specialty materials like scandium is key for these companies, as it helps them manage supply chain risk.
We believe that multiple producers of scandium will create a rising tide of demand that will benefit all. After all, several independent analyses forecast latent demand for scandium in the several hundred tonnes / year range, if not higher.
Pricing for various scandium products is likely to vary significantly as these markets mature. Some scandium oxide and scandium master alloy products will be sold as commodity products. But other scandium products sold by producers are likely to be custom chemical formulations or alloys or fabricated scandium alloy products that are custom engineered for a specific application. Pricing for these types of value-added products is set between the materials producer and the customer and is often based on the value delivered to the customer of the custom product, rather than an advertised 'commodity' price for scandium.
Hope this is helpful.
Jim
Finish with these thoughts:
?On 10/21/20,
Hi Jim...
Gotta ask...
Will/does Niocorp - benifit from this executive order in the future through loan guarantees or investment moving forward?
https://www.whitehouse.gov/presidential-actions/executive-order-addressing-threat-domestic-supply-chain-reliance-critical-minerals-foreign-adversaries/
Jims response:
Possibly, yes.
Jim
Reply from Jim in regards to future investor presentations. Just wanted to share with board. 2/2021
"The short answer is yes! Our plans are to wage a continuing and aggressive investor outreach program in 2021, including participating in a number of virtual conferences and virtual "road shows" to investors around the world."
Jim
Everyone can draw their own conclusions!GLTA
GO team Niocorp....
All IMHO etc...
Chico
NIOCORP 2020 Breadcrumbs! What will 2021 bring???... I'm reposting some interesting articles for all (new board members!):
The BENS US Critical Minerals List Criticality Ranking
#2 Scandium #3 Niobium
https://www.bens.org/file/councils/Criticality-Ranking.pdf
https://www.bens.org/pages/policy-work/resilience-council---critical-minerals
An Overview of Rare Earth Elements and
Related Issues for Congress
November 24, 2020
https://aquadoc.typepad.com/files/crs_report_ree_24nov2020.pdf
US Urgently Needs to Challenge China's Chokehold on Rare Earth Materials
by Lawrence A. Franklin
November 21, 2020 at 5:00 am
https://www.gatestoneinstitute.org/16754/china-rare-earth-materials
"Current REM sites in the US that have the potential to expand rapidly, particularly if the government provides financial and tax-free incentives, include Elk Creek Mine in Nebraska, Bokan Mine in Alaska, and Bear Lodge Mine in Wyoming. Presently, the most profitable REM site in the US is Mountain Pass Mine in California."
Niocorp's Elk Creek Mine is "shovel ready"!! per AGM Nov. 5th 2020
FY 2021 NDAA Becomes Law After Veto Override
By: Kevin Lilley
JANUARY 01, 2021
https://www.moaa.org/content/publications-and-media/news-articles/2021-news-articles/advocacy/fy-2021-ndaa-becomes-law-after-veto-override/
INCLUDED IN THE NDAA 2021 BILL
NIOCORP: A SECURE SUPPLY OF NIOBIUM, SCANDIUM & TITANIUM ANYONE?
"Domestic Sourcing Requirements for Aluminum (Sec. 829): The House bill would add aluminum and aluminum alloys to the list of specialty metals at 10 U.S.C. § 2533b(l). With exceptions, this statute would prohibit DOD from acquiring aircraft, missile and space systems, ships, tank and automotive items, weapon systems, ammunition, or components thereof containing a specialty metal that is not melted or produced in the United States, and prohibit DOD and prime contractors from purchasing a specialty metal that is not melted or produced in the United States." (interesting!)
"Preference for Sourcing Rare Earth Materials from the National Technology and Industrial Base (Sec. 824): The bill would create an order of precedence for DOD’s acquisition of certain materials deemed “strategic and critical” to defense, industrial, and essential civilian needs of the United States, prioritizing sources within the United States, followed by sources in the NTIB, and then any other sources."
"In addition, DOE and DOI are tasked with exploring possible loan guarantee programs under the Energy Policy Act of 2005 for mining operations that adhere to clean environmental practices."
NIOCORP:ESG PRACTICES ADHERENCE
NIOCORP PRAISES NDAA SCANDIUM & NIOBIUM!
https://www.globenewswire.com/news-release/2017/07/20/1054568/0/en/NioCorp-Praises-U-S-Senate-Armed-Services-Committee-For-Approving-Legislation-Regarding-U-S-Produced-Scandium.html
"CENTENNIAL, Colo., July 20, 2017 (GLOBE NEWSWIRE) -- NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) today praised the U.S. Senate Armed Services Committee (“SASC”) for its recent approval of legislation requesting a U.S. Department of Defense (“DoD”) briefing on the potential strategic value of U.S.-produced scandium. The legislation also “strongly encourages” the DoD to consider entering into commitments to purchase strategic and critical materials from U.S. domestic producers that are not yet in production but which the DoD believes are likely to initiate production of such materials within the next five years."
September 29, 2020
NioCorp R&D Effort Identifies Possible Improved Approach to Niobium Extraction for its Elk Creek Project:
https://www.niocorp.com/niocorp-rd-effort-identifies-possible-improved-approach-to-niobium-extraction-for-its-elk-creek-project/
In collaboration with L3 they are working on a proprietary critical CO2 separation process for niobium. (Note: this process can be used for REE separation***)
October 5, 2020
NioCorp Applauds White House Initiative to Promote Stronger Critical Minerals Supply Chains in the U.S.
https://www.niocorp.com/niocorp-applauds-white-house-initiative-to-promote-stronger-critical-minerals-supply-chains-in-the-u-s/
October 27, 2020
NioCorp to Conduct Annual Meeting on Thursday, Nov. 5, 2020
Nov. 5th 2020 AGM timeline is laid out by Scott Honan:
"The double-wall engine is built using a Niobium alloy, which has a high thermal latency, and can therefore withstand the high combustion temperature and pressures inside the engine chamber."
India/Russia/UK & Israel use Niobium.. "I wonder IF the U.S. is using it too???"
https://www.upi.com/Defense-News/2021/03/22/gao-DoD-hypersonic-report/5091616442424/
https://www.defensenews.com/pentagon/2021/03/23/ambitious-flight-test-schedule-for-hypersonic-weapons-at-risk/
NB... totally agree! June 2021 update meeting should be righteous! The Nicocorp team has been dropping news almost weekly... maybe something next week?? Too many GREAT catalysts to mention!
All IMHO
Watching from my front row seat!
Chico
Thanks Doug/MB/all...NEO performance materials would have a great synergy with Niocorp should they "decide to produce REE's!???! I think...
USA Rare Earths is on Lifton's list with APAAF, & USRAE is looking to augment their mine to magnet production down the road & Search has "clean REE materials"!!!
Synergies & diversity of supply will be needed for each prospective non China manufacturer. NEO is one & USARE is planning on being the second so far as I can tell.
Thanks for the articles & sharing mates! Oh & we are in that .17 to .21 cent range. Heck... Search spent 30 million to get the project to where it is now...lol About time the market cap caught up to at least reflect that, plus the recent PP at .18.. so good time to add???
All IMHO
Chico