long investor in Niocorp
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Back to .91 C on TSX V
The best line from Mark was" what we have accomplished in the last 12 months , usually takes a junior mining company 5 to 8 Years"!!!!!
Wow! Thanks Walter that gives alot of NB investors alot of confidence I am sure.
Nice recap
Read this Tantalum & Niobium article, 2nd paragraph 1st line"
Tantalum occurs almost always with niobium, an element with some end-uses in common, in a wide range of minerals that have greatly varying proportions of both metals. Also read this line
"
Tantalum and niobium also occur frequently with zirconium, lithium and the rare earth elements. Many of the new multi-commodity projects seen in the last few years have had tantalum and niobium as contributors to the overall potential revenue stream, but not as the major reasons for development.
I posted previously several posts about a high probability that we have a significant amount of Tantalum, it almost always is present in high quantities in a Niobium deposit
http://minerals.usgs.gov/minerals/pubs/commodity/niobium/
A New Manufacturing Technique Could Finally Make Titanium Cheaper:
Titanium is often used where low weight and high strength are required and money is no object—because it's extremely costly to produce. Now, a new manufacturing technique could reduce the expense, and make the material as useful for cars as it is for fighter jets.
Titanium is usually made using the Kroll process. It takes refined rutile or ilmenite from the original metal ore, then puts its through a process that sees temperatures reach over 1000 °C while it's treated with chlorine gas, other volatile chlorides and liquid magnesium. The various steps and high energy requirements are what make the process expensive, and the final product is a series of neat, solid titanium ingots.
The new process developed by SRI International, however, uses plasma arcs to cut out some of the processes. The arcs—which SRI likens to lightning bolts—provide the energy required to split titanium-chlorine bonds in titanium chloride, which is derived from titanium ore. That interaction produces a titanium vapor that then quickly solidifies, forming titanium powder. The process uses less energy than the traditional technique, reports Technology Review.
It also produces an end product that could, for many applications, be rather more useful. While existing manufacturing techniques produce solid lumps of titanium that then need to be machined, milled, rolled, or whatever, the titanium can be pressed into a shape that's roughly comparable to the final product and then fused. Using high temperatures, the metal is then formed into a rough-cut shape that can then be neatened up with further machining. Indeed, that's similar to the way titanium powder is currently used in laser-sintering 3D printers.
A cost-effective method for creating titanium powder could take the material from the exclusive to the (relatively) widespread. Currently used in high-grade aircraft componentry, like turbine blades, it could instead be used for larger, less critical components or perhaps even in cars with more realistic budgets in mind. That does, of course, require that SRI can take its small-scale demonstration process to the next level and ensure costs are kept low. Taking a new metal production method to the market isn't easy—but in this case, it could be worth its weight in titanium. [Technology Review]
Image by Irina Zabara/Shutterstock
No, AMEX or Nasdaq require $3 a share and some other criteria that was previously posted. in the next 6 months is a little premature IMO
But by end of 2015 is a fair shot at $3.if we get a real good BFS, because we might just get a Full buyout
LOL you have no idea
1.5 Million shares traded on TSX ao far
News release out an hour ago!!!
NioCorp Announces Closing of $2,185,500 Bought Deal Private Placement1 hour ago by Marketwire Canada - NFD
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX VENTURE:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) On behalf of our shareholders NioCorp is pleased to announce that it has closed its previously announced bought deal private placement offering of 2,914,000 special warrants (the "Special Warrants"), including the exercise of the over-allotment option in full, at an issue price of $0.75 per Special Warrant for aggregate gross proceeds of $2,185,500 (the "Offering"). The Offering was conducted by Mackie Research Capital Corporation (the "Underwriter" or "MRCC") on a bought deal private placement basis.
Each Special Warrant is exchangeable for no additional consideration into one unit of the Company (a "Unit"). Each Unit will consist of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Common Share (a "Warrant Share") at a price of $1.00 per Common Share for 24 months.
The net proceeds from the Offering will be used by the Company for continued development of NioCorp's Elk Creek niobium project, including, but not limited to, metallurgical studies, including pilot plant work and detailed engineering, and to satisfy the main condition precedent of the Toronto Stock Exchange ("TSX") to allow NioCorp's listing on the TSX.
The Offering took place by way of a private placement to qualified investors in certain provinces of Canada, and in Europe under applicable private placement exemptions.
"We are very pleased that when we advised MRCC of our need to raise a minimum $1,000,000 to satisfy TSX listings requirements, MRCC quickly offered a bought deal private placement. Due to strong demand the Offering was increased and the overallotment option was fully exercised. This shows a great deal of confidence in NioCorp and our Elk Creek project, as we finalize the conditions necessary to complete our listing on the TSX," stated Mark Smith, CEO of NioCorp. "We have also received $325,000 from the early exercise of certain warrants granted in conjunction with our previous financing."
The Company will, as soon as reasonably practicable, file a final short form prospectus of the Company pursuant to National Policy 11-202 and Multilateral Instrument 11-102 and obtain a receipt from the securities regulators in such jurisdictions in Canada in which a holder of Special Warrants is resident (the "Liquidity Event"). In the event that the Liquidity Event does not occur within 45 days following the closing date of the Offering, each unexercised Special Warrant will thereafter entitle the holder thereof to receive upon the automatic exercise thereof, at no additional consideration, 1.10 Units (instead of one Unit). Unless qualified by a final short form prospectus, the securities issued under the Offering are subject to a four month and one day hold period.
All unexercised Special Warrants will be deemed to be exercised on the earlier of (i) the date which is four months and one day following the closing date of the Offering, and (ii) the 3rd business day after the occurrence of a Liquidity Event.
In consideration for its services, MRCC received a cash commission equal to 6.5% of the gross proceeds from the Offering excluding proceeds received from purchasers introduced to MRCC by the Company ("President's List Purchasers") and non-transferable Compensation Options (the "Compensation Options") equal to 6.5% of the Special Warrants issued pursuant to the Offering (less any amount sold to President's List Purchasers). Each Compensation Option shall entitle the Underwriter to purchase a Common Share at a price of $0.85 per Common Share for a period of 24 months post the closing date.
"We are very pleased that when we advised MRCC of our need to raise a minimum $1,000,000 to satisfy TSX listings requirements, MRCC quickly offered a bought deal private placement. Due to strong demand the Offering was increased and the overallotment option was fully exercised. This shows a great deal of confidence in NioCorp and our Elk Creek project, as we finalize the conditions necessary to complete our listing on the TSX," stated Mark Smith, CEO of NioCorp. "We have also received $325,000 from the early exercise of certain warrants granted in conjunction with our previous financing."
it cant just be Mackie, there are a few different sellers, News comes next wek of TSX upgrade so, who cares. Profit taking im sure
TSX is.87 C now BID 17K .86 Ask 1K .87
already over 910K shares traded, lets get some support at .90 plus by the close
wssj, no answer? Why is the Board so quite, Blairman is Not selling
so who ?
LMAO Landmark, I actually laughed outloud on your post
Who ever 1 Anonymous is , wants this price down or it could be Mackie who knows. lets see how we finish on a Friday
Big Sell on TSX down to .90C
Our CEO had a Non compete agreement etc from when he left Molycorp I am just assuming and it probably had expired recently, Scandium and Ti were clearly present in the previous drilling, that is in our recent news release
I'll wait the 5 years for $20 thanks very much. There's no way we are
not taking a $6. or $7. Buyout Mark would make over $80 Million LOL
lets not be greedy. if someone told you last January 2014 that we would be at 96C and have all the great news we have had ,you would honestly not have invested what you have. BFS will be great and by end of 2015 this board will be retired, unfortunately. JMHO
All time high in Canada .96 Cents on over 460K shares traded
We Hit .96 Nice to see the OTC in USA at .76 I have not sold a share since may and I am ALL IN who would sell here unless you bought at 20 C, but still, thee is much more uside than risk at this point. its a great Risk, Reward play from here. I still say we get bought shortly after BFS comes out.
New High on TSX .95 C was at .96C over 400 K shares traded :)
110K Big Block just bought 93, .94 C!
Support levels are rising nice and SLOWLY over the last few weeks, thats what we want. Remember the Turtle wins the race, Not the Rabbit. LOL charts are looking spectacular for the next positive set of News :)
It was just an email alert I got from IHUB. Relax
.92 C TSX !!!!!!!!!!!
NB All Time high on TSX .89 Cents!!!!
Scotia Capital bought over 100K at .86 Cents today Net. one block buy of 75K Whoever ANON is, they are the only one blocking us from much higher SP. They cant sell forever, will be done soon , then in a very short time we will be on the TSX, so this wont hold us back anymore!!!
The Best News Title today was this one from Niocorps website:
http://www.niocorp.com/index.php/press-releases/233-niocorp-updates-elk-creek-niobium-mineral-resource-to-incllude-titanium-scandium-scandium-content-is-world-class.
NioCorp Updates Elk Creek Niobium Mineral Resource to Include Titanium & Scandium - Scandium Content is World Class
Vancouver, British Columbia – February 23, 2015 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) [TSX-V: NB; OTCQX: NIOBF; and FSE: BR3] On behalf of our shareholders, NioCorp is pleased to announce an updated NI43-101 resource estimate for the Elk Creek niobium deposit (the "Deposit"). This announcement supplements our announcement of February 9, 2015.
Commencing in May 2014 and finishing in December 2014, the Company completed an 18-hole, three-phase infill drilling program. In those 18 holes, 15,381 meters of drilling was completed. This drilling program has provided data to support the updated resource estimate for the Deposit presented below, and has also provided important information on the hydrology, metallurgy, geochemistry and geotechnical properties of the Elk Creek resource. The drilling has also established that the Deposit remains open at depth, as well as to the northwest and southeast.
SRK Consulting (“SRK”) of Lakewood, Colorado and Cardiff, UK has completed an updated Mineral Resource estimate according to CIM Standards. As a result of positive indications from the company’s ongoing metallurgical testing and development program, titanium (TiO2) and scandium (Sc) have been added to the Mineral Resource Statement. Both of these metals can be recovered with simple additions to the existing process flowsheet, and would provide additional revenue streams that would compliment the planned production of ferroniobium. The company is currently assessing these prospective revenue contributions, and plans to announce the results of a Preliminary Economic Assessment for the project shortly.
The updated Mineral Resource statement for the Elk Creek Deposit is summarized in Table 1 below. Note that a small change to the density modeling methodology has also resulted in slight tonnage change (< 1%) when compared to the Company’s February 9, 2015 announcement.
(1) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate and have been used to derive sub-totals, totals and weighted averages. Such calculations inherently involve a degree of rounding and consequently introduce a margin of error. Where these occur, SRK does not consider them to be material. All composites have been capped where appropriate. The Concession is wholly owned by and exploration is operated by Niocorp Developments Ltd
(2) The reporting standard adopted for the reporting of the MRE uses the terminology, definitions and guidelines given in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Mineral Reserves (December 2005) as required by NI 43-101.
(3) SRK assumes the Elk Creek deposit to be amenable to a variety of Underground Mining methods. Using results from initial metallurgical testwork, suitable underground mining and processing costs, and forecast Niobium price SRK has reported the Mineral Resource at a cut-off of 0.3 % Nb2O5
(4) SRK Completed a site inspection of the deposit by Mr Martin Pittuck, MSc., C.Eng, MIMMM , an appropriate “independent qualified person” as this term is defined in National Instrument 43-101.
Given the on-going metallurgical bench and pilot testwork as well as technical studies in other areas of the project that are currently underway, the sensitivity in the Mineral Resource at a range of cut-off grades is presented in Table 2 from 0.3% Nb2O5 to 0.6% Nb2O5. The company’s approach to the resource considers niobium to be the primary driver for the project, with titanium and scandium considered to be co-products from the production of ferroniobium
An extensive QA/QC program was implemented in order to support the resource estimation program. Drill core samples were continuously collected from above the upper contact of the mineralized carbonatite to the end of each drillhole. HQ (2.5”) diameter core was split into half-core samples and PQ (3.35”) diameter core was split into quarter-core samples. Primary sample analysis was completed at Activation Laboratories Ltd. (“Actlabs”) of Ancaster, Ontario and externally validated at SGS Mineral Services Laboratory, Lakefield, Ontario (“SGS”). A full analytical suite, including whole rock and trace element analysis, was completed for all 2014 drill core samples at ActLabs. Approximately 25% of the submitted samples consist of quality control and quality assurance samples for Nb2O5, TiO2 and Sc including duplicates (quarter-core field, pulverized, coarse-crush and external laboratory pulp submissions) and Certified Reference Materials (CRM), for Nb2O5 and TiO2, representative of a niobium mineralized carbonatite. Additional scandium analyses were completed for 1,335 historic Molycorp pulverized drill core samples and these were validated against representative scandium mineralized CRMs and pulp duplicate samples when material was available. Although TiO2 CRMs were lower grade than typical resource grades, SGS agreed well with Actlabs for TiO2 and Sc over a wide range of representative grades which provides an appropriate level of confidence for the grades in this Mineral Resource.
“On behalf of our shareholders, we are pleased to announce these new results for titanium and scandium from our 2014 drilling program. It is now clear that our resource is world-class for at least two elements; including both its scandium and niobium content. The addition of titanium and scandium to the project is an exciting development that will enhance what is already proving to be an impressive new project.” said Mark Smith, Executive Chairman of NioCorp. “Our metallurgical team has already rapidly developed and tested a robust process flowsheet that will allow the company to maximize the value of the Elk Creek project for our shareholders.”
Qualified Persons: Martin Pittuck, MSc., C.Eng, MIMMM of SRK Consulting (UK) Ltd., a Qualified Person as defined by National Instrument 43-101, is responsible for the Elk Creek resource estimation and has read and approved the technical information contained in this news release.
Brad Ulry, B.Sc., P.Geo., Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, is responsible for the Elk Creek drilling operations and has read and approved the technical information contained in this news release.
Alain Dorval, B.Sc, Roche Consulting Group Limited, a Qualified Person as defined by National Instrument 43-101, is responsible for the Elk Creek mineral processing program and has read and approved the technical information contained in this news release.
Eric Larochelle, B.Eng, Roche Engineering Inc, a Qualified Person as defined by National Instrument 43-101, is responsible for the Elk Creek hydrometallurgical program and has read and approved the technical information contained in this news release.
With a cost of $270 per gram ($122,500 per pound), scandium is too expensive for widespread use. Alloys of scandium and aluminum are used in some kinds of athletic equipment, such as aluminum baseball bats, bicycle frames and lacrosse sticks.
Here is a better post for Scandium :
http://www.emcmetals.com/i/pdf/Scandium-White-PaperEMC-Website-June-2014-.pdf
Source Time HEAVY RARE EARTH METALS Last Price % Week % Year 31.Dec.2014 Units
HEFA Rare Earth 31 Jan 2015 Europium Oxide = 99.99% 0.0 680.00 0.0% 0.0% 680.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Gadolinium metal 99.9% 0.0 95.00 0.0% 0.0% 95.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Gadolinium Oxide = 99.5% 0.0 39.00 0.0% 0.0% 39.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Terbium metal = 99.9% 0.0 810.00 0.0% 0.0% 810.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Terbium Oxide = 99.5% 0.0 600.00 0.0% 0.0% 600.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Dysprosium metal = 99% 0.0 470.00 0.0% 0.0% 470.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Dysprosium Oxide = 99.5% 0.0 340.00 0.0% 0.0% 340.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Erbium metal = 99.9% 0.0 165.00 0.0% 0.0% 165.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Erbium Oxide = 99.5% 0.0 77.00 0.0% 0.0% 77.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Yttrium metal = 99.9% 0.0 77.00 0.0% 0.0% 77.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Yttrium Oxide = 99.99% 0.0 15.00 0.0% 0.0% 15.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Scandium metal 99.9% 0.0 18,000.00 0.0% 0.0% 18,000.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Scandium Oxide = 99.95% 0.0 7,200.00 0.0% 0.0% 7,200.00 US$/kg
HEFA Rare Earth 31 Jan 2015 Mischmetal = 99% 0.0 8.00 0.0% 0.0% 8.00 US$/kg
RARE EARTH METALS NEWS