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Agree 100%
There have been numerous improvements and breakthroughs announced since then, so how could it possibly match?
NioCorp To Present At 2017 Murdock Capital Partners Investor Conference on January 19, 2017
Presentation to be Webcast Live
CENTENNIAL, Colo. (January 17, 2017) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) announces that the Company will present to a select group of investors at the 2017 Murdock Capital Partners Investors Conference on Thursday, January 19, 2017 at the Union League Club in New York City.
This year’s invitation-only event by Murdock Capital Partners is entitled “Mining and Metals: A Paradigm Shift in the Trump Era.” The Company’s presentation will be made by Jim Sims, VP of External Affairs, and is scheduled to begin at 10:30 a.m. Eastern. In addition to providing an update on NioCorp’s proposed Elk Creek, Nebraska Superalloy Materials Project, Mr. Sims will speak to possible political, regulatory, and market trends in the coming years that are expected to be beneficial to projects like NioCorp’s Elk Creek Project.
NioCorp’s presentation will be broadcast live over the internet. Members of the public can tune in to the webcast via this link: http://www.totalwebcasting.com/view/?func=VOFF&id=twclient&date=2017-01-19&seq=1
Murdock Capital Partners is a private merchant banking firm that specializes in corporate finance and financial advisory services in natural resource and related sectors.
On behalf of the Board of Directors,
“Mark Smith”
Mark Smith
Executive Chairman, CEO and Director
# # #
Source: NioCorp Developments Ltd.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek
For More Information
Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 855-2-NIOCORP (855-264-6267), jim.sims@niocorp.com
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make super-high-performance alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and has extensive uses in aerospace, defense, transportation, medical, and other applications. It also is a key component of pigments used in paper, paint and plastics.
Cautionary Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.Copyright © 2017 Niocorp Developments Ltd., All rights reserved.
You are receiving this email because you requested information from us or because we have an existing business relationship with you.
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Niocorp Developments Ltd.
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Centennial, CO 80112
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NioCorp Achieves High Niobium Recoveries in Final Pilot Plant of its Elk Creek Project Feasibility Study
Niobium Precipitation Pilot Plant Demonstrates Niobium Recoveries of Up To 97% In Continuous Operation Pilot Testing
CENTENNIAL, Colo. (December 13, 2016) – NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX: NB, OTCQX: NIOBF, FSE: BR3) is pleased to announce the successful conclusion of the Niobium Optimization Pilot Plant, which has demonstrated high Niobium recoveries under continuous operating conditions. This is the Company’s final pilot plant planned for its Elk Creek Feasibility Study. The pilot plant was constructed and operated at the SGS facility in Lakefield, Ontario (SGS).
Operated continuously from December 5 through December 9, 2016, the pilot plant was fed with a niobium-bearing solution generated by treating a quantity of material from the Elk Creek Resource using the Company’s Pre-Leach, Acid Bake, and Water Leach processes. Niobium was precipitated from the solution in a continuous train of reactors by heating and diluting the incoming solution in a process known as Niobium Precipitation.
The primary objective of the pilot plant was to test the level of Niobium recoveries that could be achieved in continuous operation. The Company is pleased to report that Niobium recoveries averaged 97% over a 36-hour period of the first 48 hours of Pilot Plant operations. The Company believes this is a very desirable rate of recovery and met the Company’s expectations based upon earlier bench-scale testing.
Additional testing of the Niobium Precipitation process demonstrated potential operational efficiencies that may provide options for reductions in capital expenditures (CAPEX) and/or operating expenditures (OPEX) for this portion of the flowsheet when NioCorp’s processing facility is built and brought into operation.
“This is an excellent example of how our investment in running pilot plants for the Elk Creek project can pay dividends as we continue to de-risk the Project,” said Mark A. Smith, Executive Chairman and CEO of NioCorp. “Not only have we demonstrated high recoveries in continuous operating conditions at this stage of the ferroniobium production process, but we now have a range of operating conditions for Niobium Precipitation that we anticipate we can use to optimize the capital expenditures and operating costs for this unit operation, as well as operations downstream. This is a great way to finish our pilot plant program.”
While NioCorp has now completed the formal Pilot Plant program for the Elk Creek Feasibility Study, additional work is ongoing at SGS, which is focused on finishing the bench scale testwork necessary for the design of the Secondary Scandium Recovery and Scandium Refining operations.
On Behalf of the Board of Directors,
"Mark Smith”
Mark Smith
Executive Chairman, CEO, and Director
Qualified Persons: Eric Larochelle, B.Eng of SMH Process Innovation, 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.
Agreed.
Absolute worst case scenario and 2 unrealistic below worst case scenarios.
And this?
What happened to this??
Management does not agree with his assumptions. Neither do I.
Mark explained in detail about their Scandium pricing in the most recent webcast. Did you listen in on that?
Numbers have been run time and time again. Consensus is 6-15$ US. You are the only one coming up with low ball numbers with your own assumptions.
Not using company numbers.....
Take A Virtual Tour of NioCorp's Proposed Elk Creek Superalloy Materials Project
NioCorp Developments Ltd. has released a new video that provides a virtual tour of its proposed Elk Creek Superalloy Materials Project. You can see the video here.
In the video, the Company highlights some of the many applications that rely on superalloys and other high performance alloys, and presents a brief walk through of NioCorp's Elk Creek niobium / scandium / titanium resource and the processing facility the Company proposes to build and operate. The Company's Executive Chairman and CEO, Mark Smith, recently told investors and the public that, assuming a positive Feasibility Study for the Elk Creek Project can be released and early success is achieved in the follow-on construction financing effort, the Company could launch construction activities before the end of 2017 at the project site near Elk Creek, Nebraska.
New Webcast Recording of NioCorp's CEO Mark Smith
The Company also released a video recording of Mr. Smith's recent presentation to investors and the public that followed the Company's 2016 Annual General Meeting of shareholders.
That video can be seen here.
For more information on NioCorp and its flagship Elk Creek Superalloy Materials Project, please see the Company's website at www.niocorp.com.
Excellent presentation!
2016 Shareholder Update
From Mark A. Smith, P.E., Esq.
Executive Chairman & CEO, NioCorp Developments Ltd.
Fellow Shareholders –
In advance of NioCorp’s 2016 Annual Meeting of Shareholders, which will convene later this morning (at 10 a.m. Mountain), I thought I would provide you with this progress report on our Company and on our flagship Elk Creek Superalloy Materials Project.
2016 was a year of tremendous progress for NioCorp and for the Elk Creek Project. Here are some highlights:As of yesterday’s TSX close, shareholders have seen our share price rise 44% year-to-date. Over the past three years from yesterday’s close, holders have benefited from a 387% increase in the share price.
NioCorp succeeded in raising more than US$10.5 million from financings that closed in 2016, with the aim of advancing the Elk Creek Project.
We placed under contract another 25 percent of our planned Ferroniobium production in 2016. In conjunction with the agreement we signed with ThyssenKrupp at the end of 2014, this means that three-quarters of our target primary product is now under binding sales contracts.
The final planned metallurgical pilot plant needed for the Elk Creek Feasibility Study is running right now and is expected to complete later today. After more than two years of intense work, we are now wrapping up the final elements of our Feasibility Study.
We plan to begin sending commercial Scandium product samples to prospective customers in early 2017.
We moved forward in our Elk Creek Project permitting process by completing a nearly two-year-long Jurisdictional Delineation process with the U.S. Army Corps of Engineers (USACE). This has allowed us to advance to the next stage of permitting.
We become a U.S. reporting issuer in 2016 with the United States Securities and Exchange Commission under U.S. federal securities laws, which potentially makes it more efficient for any future NioCorp securities offerings under U.S. securities laws.
While 2016 was a very successful year for NioCorp, we believe 2017 promises to be a truly banner year. Following the anticipated release of our Feasibility Study, we plan to launch an effort to secure project financing. It is difficult to assess how long that process will last. However, assuming that our effort bears early fruit, it is possible that we will be able to initiate onsite construction activities before the end of 2017. That is certainly my hope.
Let me provide you with an overview of the progress we made in 2016, with an aim of bringing the Elk Creek Project to commercial reality, and what I see on the horizon for this outstanding Company ...
To read the rest of Mr. Smith's "2016 Shareholder Update,"
please download the full letter in pdf form.
See NioCorp's new virtual tour video of the Elk Creek Project
Source: NioCorp Developments Ltd.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek
For More Information
Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 855-2-NIOCORP (855-264-6267), jim.sims@niocorp.com
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make super-high-performance alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and has extensive uses in aerospace, defense, transportation, medical, and other applications. It also is a key component of pigments used in paper, paint and plastics.
Cautionary Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this document or of the video that it is linked to. Certain statements contained in this document and in the video may constitute forward-looking statements, including but not limited to statements regarding potential future production at the Elk Creek Project, anticipated products to be produced at the Elk Creek Project, the future critical and strategic nature of Niobium and Scandium, expected growing demand for metals to be produced at the Elk Creek Project, potential future customers for such metals, stable future pricing for Ferroniobium and Scandium, NioCorp potentially being the only producer of Ferroniobium and Scandium in the United States, estimated resources at the Elk Creek Project, future state and local support of the Elk Creek Project, potential returns for investors, anticipated costs of production at the Elk Creek Project being competitive, anticipated competitive advantages, expected date for beginning future commercial production, the timing, completion and results of a Feasibility Study for the Elk Creek Project, and results and estimates in the Preliminary Economic Assessment, including but not limited to, potential life of mine, pre-tax Net Present Value (NPV), after-tax NPV, Internal Rate of Return and estimated cash flows from production and the ability to reach positive cash flow solely through the production of Ferroniobium, the anticipated timing and outcome of project permitting efforts and potential future project financing and anticipated analysis of the project by likely participants in the project financing efforts. Such forward-looking statements are based upon NioCorp’s reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp’s plans or prospects to change include changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes in the market price and demand for the likely products from the Project, including Ferroniobium and Scandium, and potential and historical instability in those markets, changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp’s projects; risks of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Cautionary Note Regarding Mineral Resource Estimates
The Company filed a technical report on SEDAR dated October 16, 2015 entitled “Amended NI 43-101 Technical Report - Updated Preliminary Economic Assessment - Elk Creek Niobium Project – Nebraska” (October 15, 2015 PEA"). This Preliminary Economic Assessment is preliminary in nature and it includes a level of engineering precision and assumptions which are currently considered too speculative to have the economic considerations applied to them that would enable Mineral Resources to be categorized as Mineral Reserves as defined in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) Standards of Disclosure for Mineral Projects (NI 43-101) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended. There is no certainty that the economic estimates and projections in the October 2015 PEA will be realized and investors should consider such estimates and projections to be highly speculative. Mineral Resources that are not Mineral Reserves do not have demonstrated economic or legal viability. NioCorp has classified NI 43-101 Inferred Mineral Resources and Indicated Mineral Resources at Elk Creek that are disclosed within the Preliminary Economic Assessment; however, Inferred Mineral Resources are not included in the mine plan for the October 15, 2015 PEA. The Elk Creek Project is exploratory in nature and investors should not assume that Mineral Resources at the Project will ever be converted to Mineral Reserves with demonstrated economic and legal viability. The pricing of Scandium is a significant portion of the Project revenue, and achieving the revenue projected in the October 2015 PEA is subject to market growth in Scandium, which is a developing market with a risk of oversupply and/or undersupply disrupting pricing.
The Mineral Resource estimates and economic assessments in this letter and contained in the Preliminary Economic Assessment have been prepared in accordance with the requirements of NI 43-101, which differ from the requirements of United States securities laws. The definition for Mineral Reserves differ from the definitions in the SEC’s Industry Guide 7 under the United States Securities Act of 1933, as amended. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report Mineral Reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.
The terms “mineral resource,” “measured mineral resource,” “indicated mineral resource” and “inferred mineral resource” are defined in, and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that all or any part of a mineral deposit in these categories will ever be converted into mineral reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws and regulations, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.
Accordingly, information contained in this letter and contained in the Preliminary Economic Assessment or incorporated by reference herein or therein contain descriptions of our mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.
NioCorp Completes Calcination Pilot Plant for Elk Creek Project Feasibility Study
Pilot Plant Demonstrates Continuous Sulphuric Acid Recycling in the Superalloy Production Process; Only One Metallurgical Pilot Plant Remains For the Elk Creek Feasibility Study
CENTENNIAL, Colo. (December 6, 2016) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) is pleased to announce the successful completion of the Calcination Pilot Plant, which has demonstrated a means of recycling sulphuric acid under continuous conditions. The pilot plant was constructed and operated at the SGS facility in Lakefield, Ontario (SGS).
?The pilot plant operated continuously from November 28 through December 2, 2016. Solid material generated during the company’s Acid Regeneration Pilot Plant was fed to a kiln where it was heated to decompose the solids into the gaseous precursors of sulphuric acid. The Pilot Plant accomplished all three of its objectives, which were to run the Calcination unit operation continuously, to generate quantities of Calcine product for follow-on characterization testing, and to provide a characterization of the gas generated during calcining. The Pilot Plant was fed with 183 kg of solids and produced 53 kg of dry Calcine product, which is right in line with expectations from previous bench testing at SGS.
“The means of recycling the Elk Creek Project’s two main reagents has now been demonstrated through the Acid Recovery and Calcination Pilot Plants,” said Mark A. Smith, Executive Chairman and CEO of NioCorp. “Recycling reagents within the plant will mean that our Elk Creek operation would be less dependent on external supplies of these materials, and is in keeping with the Company’s objective of developing an efficient operating plant design for the Elk Creek Feasibility Study.”
The Company also is pleased to announce that the final pilot plant necessary to complete the Elk Creek Project Feasibility Study, which is intended to optimize the niobium recovery process, commenced operation at SGS on December 5, 2016.
On Behalf of the Board of Directors,
“Mark Smith”
Mark Smith
Executive Chairman, CEO and Director
Excellent post!
So you would rather have a doctor make minimum wage? A doctor that you put your life into his hands? I don't think so. The top 1% pay the majority of the taxes. Even if they were taxed at 100%, hell even if they gave all their money, it would not make a dent in the trillions of dollars that we are in debt. It all comes down to reigning in the government spending and not wasting tax dollars that are being collected.
For the most part I agree, except the the last paragraph. Obama has had zero opposition for the last 8 years. He has passed everything he has wanted to. He has spent more money than every other president combined. Where did all of that so called "infrastructure stimulus" go? In somebodies pocket. You can not blame the last 8 years on republicans, they caved on every issue. So, what did we get from all of his grand socialist ideas? The worst economic recovery in history. Millions more Americans out of work, Millions more on welfare and food stamps. You can not spend your way out of debt. Everywhere socialism has been tried has failed. Look at Venezuela, people are actually eating their own pets to survive.
Bernie is a socialist and would not be a good fit with Trump. You're talking two different ends of the spectrum.
LoL. Yeah the bias of the media should be apparent to everyone by now. They were in the tank for her from the beginning. Getting her approval before running stories and giving her debate questions ahead of time, just disgraceful. Journalism is dead. Every piece written is to persuade you to think a certain way. Nothing independent, no objectivity. Just a liberal bias echo chamber.
Excellent post, you are absolutely right!
Amen!
No country can support endless amounts of dependants coming in who contribute absolutely nothing and only seek to drain the system.
The tensions were caused by a weak president/administration for the last 8 years. Hillary's Russian reset was a complete disaster.
Trump = peace through military strength
I agree! Guys, leave the comment section alone.
Southeast Nebraska County Leaders Express Preliminary Support for NioCorp’s Proposed Elk Creek Waterline
Waterline’s Path is Designed to Minimize Impacts to County Roads and to the Environment, and Could Deliver an Added Water Resource to Downstream Agricultural and Other Water Consumers
CENTENNIAL, Colo. (October 17, 2016) –NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) announces that County Commissions in all four Southeast Nebraska counties involved in NioCorp’s proposed Elk Creek Project waterline have expressed preliminary public support for the waterline, which will increase Nebraska’s contribution to Missouri River water flows and may deliver an added water resource to downstream agriculture and other water consumers.
The proposed Elk Creek waterline would transport to the Missouri River approximately 9,500 gallons per minute (GPM) of naturally salty (“brackish”) water produced as the Elk Creek mine is dewatered over the mine’s estimated 32-year lifespan. Dewatering is a common practice in underground mining, and in this project dewatering involves drawing water from bedrock that exists below the area’s freshwater aquifer and beneath an additional 500 feet of impermeable limestone. The bedrock water is naturally brackish and does not mix with any freshwater resource in the project area.
NioCorp representatives recently presented the outlines of its proposed 30-mile waterline in public meetings with officials in Johnson, Nemaha, Pawnee, and Richardson counties in Southeast Nebraska. The preferred route is designed to minimize impacts to existing paved roads and to streams and wetlands.
None of the county officials expressed opposition to the waterline, and a number of officials voiced public support for the concept during the public meetings where the Company presented its proposals, according to Mark A. Smith, NioCorp’s Executive Chairman and CEO.
“We are very pleased with the initial reception by local Nebraska leaders to the Elk Creek waterline concept,” said Mr. Smith. “Scott Honan and his team have worked very hard to minimize its potential impact on multiple levels. We examined three main alternatives for the route as well as a number of sub alternatives to each main alternative. The alignment we intend to propose in our final Feasibility Study and for ongoing permitting is one that avoids paved roads as well as minimizes impacts to waterbodies and wetlands. It also maximizes the use of existing rights of way as much as possible, so that we minimize the need to access private land.”
“We are continuing to work to complete all necessary environmental surveys for the preferred alignment, and crews are in the field right now,” Mr. Smith added.
Bedrock Water Achieves Aquatic Freshwater Quality Within 5,000 Feet of its Missouri River Run
The bedrock water is naturally brackish, and has a salt content of approximately 18,000 milligrams/Liter (mg/L). By comparison, seawater typically contains 35,000 mg/L of salt. NioCorp has estimated that the addition of the bedrock water will increase the average chloride content of the Missouri River by approximately 5 parts per million (ppm or mg/L) to a total of approximately 30 mg/L, from a natural background of approximately 25 mg/L. These levels are well below the U.S. Environmental Protection Agency’s acute limit for chloride in freshwater systems, which is 860 mg/l, and EPA’s chronic limit for chloride in freshwater systems, which is 230 mg/l. Charts showing the waterline’s chloride contributions to the Missouri River in relation to EPA’s acute and chronic limits are provided below.
“Elk Creek bedrock water will not appreciably increase the Missouri River’s salinity in relation to either of these regulatory limits,” said Scott Honan, President of Elk Creek Resources Corporation (“ECRC”), the wholly owned operating subsidiary of NioCorp. “Moreover, once released into the Missouri River, this bedrock water is expected to mix rapidly with the river’s flow and will achieve the standard of aquatic freshwater quality within less than 5,000 feet from the point of discharge. That raises the interesting potential that this bedrock water could provide additional water resources for downstream constituencies.”
According to a beneficial use assessment that examined potential alternatives for this ECRC bedrock water, produced by Frank Kwapnioski of H2Options Engineering LLC, the Elk Creek waterline to the Missouri River is the best option. Of the multiple alternatives assessed in the report, the Elk Creek waterline provides the most timely, feasible, and reliable solution while also potentially producing downstream beneficial value from the bedrock water.
Kwapnioski, a water resources professional with over 40 years of experience in Nebraska, said: “Not only is this Elk Creek waterline the most effective option for NioCorp, but the high dilutive potential of the Missouri River will make up to 9,500 gallons per minute of additional good quality water available to downstream water users.”
Former Nebraska Lt. Governor Lavon Heidemann, who farms near the proposed Elk Creek Project and who consults with NioCorp, added: “The Elk Creek Superalloy Materials Project has the potential to deliver a wide range of benefits to people across southeastern Nebraska and to our entire state. The waterline portion of the project was designed to minimize impacts on existing county roads and to minimize environmental impacts on streams and wetlands. I applaud county leaders for their willingness to consider how we can complete this waterline as efficiently as possible, given that its construction will help the Elk Creek Project move to commercial reality that much faster.”
Proposed Path of the Elk Creek Waterline
The current proposed routing of the Elk Creek waterline is shown below.
?
Background: Elk Creek Bedrock Water Impacts On Missouri River Salinity In Relation To Federal Regulatory Limits
?
1 From publicly available data compiled at various sampling locations on the Missouri River monitored by the USGS and others
?
1 From publicly available data compiled at various sampling locations on the Missouri River monitored by the USGS and others.
On Behalf of the Board of Directors,
“Mark Smith”
Mark Smith
Executive Chairman, CEO and Director
# # #
Source: NioCorp Developments Ltd.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek
For More Information
Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 855-2-NIOCORP (855-264-6267), jim.sims@niocorp.com
I know what you are talking about, but others might not. There are newcomers or people that just drop in from time to time. I don't want them getting the wrong idea, that's all.
Specify what company you are talking about when it is not Niocorp.
Excellent post.
From The Desk Of
Mark A. Smith, Executive Chairman & CEO
NioCorp Developments Ltd.
Fellow Shareholders –
? As summer in North America winds to a close, I thought I would provide an update on the tremendous progress we are making on moving our Elk Creek Superalloy Materials Project to construction and commercial operation. I could not be more excited about our prospects for bringing this history-making project to reality!
U.S. Army Corps Of Engineers Decision Moves Elk Creek To The Next Stage
After nearly two years of work and diligent effort with the U.S. Army Corps of Engineers (Corps), we announced on Thursday that we have successfully completed the Jurisdictional Determination (JD) process with the Corps for the Elk Creek Project. This JD clears the path for the Project to proceed to the next phase of planning and permitting.
The JD identifies wetlands and streams within the Elk Creek Project’s footprint that are considered Waters of the U.S. (WOTUS) and therefore subject to regulation under the Clean Water Act. Fortunately, our project has been designed to minimize impacts on WOTUS wetlands and streams. That is why I was pleased to see the JD reinforce our view that there are no WOTUS wetlands and streams in the immediate footprint of the Project’s mine mouth and product processing facilities. Those facilities are expected to be our initial focus for project construction.
Other areas of our Project's larger footprint, including infrastructure needed to manage the water produced by mine dewatering activities, were determined to impact WOTUS wetlands or streams, as we expected, and those areas will require a Section 404 individual permit from the Corps. However, Scott Honan and his team have already begun work to devise mitigation measures that will be incorporated into our permit application in order to address those impacts and secure a permit as expeditiously as possible.
In essence, this decision will likely streamline the permitting process for the facility and facilitate a more rapid onset of construction. That's very good news for the Project. You can see our full press release on this news here.
Successful Completion of Five More Metallurgical Pilot Plant Runs
We also announced last week the successful completion of five metallurgical pilot plant runs as part of our Elk Creek Feasibility Study work. These pilot plant runs successfully tested our Niobium, Scandium, and Titanium production operations under continuous conditions. Two of the pilots involved separate one-week runs of a Scandium Solvent Extraction Circuit, a conventional technology we plan to use to produce Scandium. Averaged over these two pilot runs, Scandium losses were less than 1%, which points to excellent performance for an SX operation. Additional work will allow us to prove out the purity levels we expect to attain in our Scandium commercial product.
? We also completed two pilot runs of the Acid Baking process in August and September, as well as a pilot of our Niobium and Titanium production operations. The former pilot involved dissolving Niobium and Titanium for later recovery in our Niobium and Titanium production circuits. The latter pilot successfully produced kilogram quantities of Niobium, which will be used in the final testing of our Ferroniobium production process. Finally, we also produced kilogram quantities of a Titanium product that we will evaluate for prospective sales.
Both Scott and I were extremely pleased with the results of these pilots, and with the overall metallurgical development program. We have made very rapid progress in the past two months, and the data generated is allowing our engineering design team to complete design work for those portions of the facility.
Feasibility Study Work Nearing Completion
? With five more Elk Creek Feasibility Study pilot plant runs now under our belt, we are closing in on completing the technical work needed for the Feasibility Study. We will soon launch a reagent regeneration pilot, followed by a reagent recovery pilot. Concurrently with these pilots, we will finish the bench testing required for our secondary Scandium recovery circuit, as well as testing of the unit that will purify the Scandium product to commercial specifications. The secondary Scandium recovery circuit will then be piloted. Also concurrent with the work listed above, we will be completing final testing of the Ferroniobium production process, which will allow for final design of our ferroniobium production unit.
The pilots will produce sufficient quantities of the final waste streams that we will need to characterize for environmental, permitting, and geotechnical purposes, and they will provide the final data needed to complete the design of the mine backfill system that will incorporate much of these waste streams.
While all of this work is ongoing, our engineering design teams are working through the engineering design of the overall project. As you know, the design required for a Feasibility Study (FS) is much more definitive than for a Preliminary Economic Assessment. Our FS-level cost estimate, sometimes referred to as a Class 3 cost estimate, requires 10% to 40% of the engineering to be completed with a cost estimate accuracy in the -10% to +30% range. We are honing our analyses to this level of precision.
I realize that this is a lot of detail, but I thought you would appreciate knowing what we are doing to complete our Feasibility Study. We are getting close!
I simply cannot say enough about the extraordinary work that Scott Honan and his team have been doing on all of these fronts. In addition to advancing us to the conclusion of the Feasibility Study, their work is helping to identify areas where we potentially can improve the total cash flow of our project by optimizing the CAPEX and OPEX as assumed in the PEA. This is one reason why I support spending more time, attention, and resources on getting the metallurgy right on a project like this. Scott’s team is moving as fast as possible toward completion of the Feasibility Study, and we are all anxious to complete this analysis and move quickly to raising construction capital and breaking ground as soon as possible!
NioCorp’s Recent Filing with the SEC
? There was some confusion over the past week regarding NioCorp’s recent filing of an S-1 Resale Registration Statement with the U.S. Securities and Exchange Commission (SEC). Some holders were concerned that this filing indicated an intent by some of our shareholders – including me – to sell their shares. This is not the case. Let me explain why we filed this registration statement and why we believe it is good for our shareholders and the Company.
In calendar Q4 of 2015, we learned that the majority of our shares are now held in the U.S. This means that, beginning July 1, 2016, NioCorp is no longer considered a "Foreign Private Issuer,” and is instead a "Domestic Issuer" under certain U.S. securities laws. Our Foreign Private Issuer status previously allowed our U.S. shareholders to remove legends on the share certificates issued by the Company from exercises of warrants and options immediately after issuance under U.S. securities laws (although a four-month-and-a-day hold period may have applied under Canadian law). That was allowed under the SEC's Rule 904 exemption. Now, under Domestic Issuer status, the Rule 904 exemption is no longer available to shareholders to de-legend these shares upon resale. Instead, unless the shares are registered for resale, shareholders must rely on Rule 144, which due to the Company’s current reporting status in the United States could result in indefinite hold periods for such shareholders. Filing this S-1, and registering the resale of shares that underlie existing warrants, takes care of this issue for these shareholders.
The registration doesn't necessarily signal anyone's intent to sell any shares they acquire as a result of exercising their warrants. As the Company’s largest single shareholder, I can tell you that I have no intent to sell my shares in this Company anytime soon. I began purchasing shares in NioCorp in 2013, and I remain steadfastly committed to this enterprise for the long term.
Filing the S-1 and becoming a reporting issuer in the U.S. also has the advantage of potentially making it more efficient for any future NioCorp securities offerings under U.S. securities laws.
Finally, loss of “Foreign Private Issuer” status required us to transition to U.S. GAAP for financial reporting. This transition took a good bit of work. But now that we have completed that task, it will allow us to meet our U.S. domestic reporting entity requirements. That, in turn, will make any move to a major U.S. exchange more efficient, should the Company elect to do this in the future.
November 10, 2016 Warrant Expiration is Coming Up
Just a reminder to those who hold NioCorp C$0.65 warrants that expire on November 10, 2016: you may not want to wait until the last minute to exercise these warrants. Because of issues we have experienced in the past with warrant exercises -- which can involve sending documents through multiple postal systems -- these warrant exercises can sometimes take longer than any of us would like. If you need any assistance or have any questions about this process, please don’t hesitate to contact Jim Sims at 303-503-6203 (jim.sims@niocorp.com) and he and the staff will assist you as appropriate.
Upcoming Presentations to Investors
We continue to hit the road in telling our story to investors around the world. The Company will be making several presentations to institutional and other investors in the coming weeks, and I thought you would like to know where we will be and when:
I will host a live presentation and investor Q/A on our Elk Creek Superalloy Materials Project as part of a Nasdaq OTCQX Virtual Investor Conference on October 4, starting at 1:30 PM Eastern. Following my 20-minute presentation, there will be an opportunity for investors to ask questions in real-time. You will want to register in advance for this webinar so you can run the online system check and receive event updates. You you can do that here:http://tinyurl.com/10otcpre.
Our VP of External Affairs, Jim Sims, will present to investors on our Elk Creek Project at the Rodman & Renshaw conference at the Lott New York Palace Hotel on Tuesday, September 13 at 2:10 pm Eastern. This presentation will be webcast live to investors around the world. Those wishing to tune in can pre-register here: http://www.wsw.com/webcast/rrshq26/niobf.
Jim also will present to investors at the Mines and Money Americas Conference at the Ritz Carlton in Toronto on September 26-28.
New NioCorp Investor Kit Available
We have developed a new electronic "Investor Kit" loaded with all kinds of information for current and prospective investors. You can see that here. Please feel free to forward this link to others whom you feel may be interested in learning more our Company and the powerful investment thesis it represents.
As always, feel free to reach out to us with any questions or comments. We love to hear from our shareholders and supporters. And, stay tuned for reports of our continuing progress!
Respectfully,
Mark A. Smith
Executive Chairman and CEO
NioCorp Developments Ltd.
ceo@niocorp.com???Copyright © 2016 Niocorp Developments Ltd., All rights reserved.
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NioCorp To Present at Two Upcoming Investor Conferences
CENTENNIAL, Colo. (September 12, 2016) –NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; andFSE: BR3) today announced that it will present on its Elk Creek Superalloy Materials Project to institutional and other investors at two upcoming conferences: the Rodman & Renshaw 18th Annual Global Investment Conference in New York City on Tuesday, Sept. 13, 2016, and the Mines and Money Americas Conference in Toronto on September 26-28, 2016.
NioCorp will present to and meet with investors at the Rodman & Renshaw conference at the Lott New York Palace Hotel on Tuesday, September 13 at 2:10 pm Eastern. The Company’s presentation will be webcast live, and investors and others can register to see the webcast by going here: http://www.wsw.com/webcast/rrshq26/niobf.
The Company also will present to and meet with investors at the Mines and Money Americas Conference at the Ritz Carlton in Toronto on September 26-28.
NioCorp Vice President for External Affairs, Jim Sims, will present on behalf of the Company at both the Rodman & Renshaw and Mines & Money conferences.
More information on the Elk Creek Project can be seen here.
On Behalf of the Board of Directors,
“Mark Smith”
Mark Smith
Executive Chairman, CEO and Director
The last step is getting a signature, if I'm remembering correctly. I don't remember the other steps, but I do remember that I did not feel that it was going to be a problem for Niocorp to complete the other steps. It was pretty straight forward.
Anyone have those valuations from Mark handy? It was from a conference call I believe.
Exactly.
Amen to that.
OK So I spoke to Jim about this for some clarification, and this is my understanding of it.
The S-1 re-sale registration filing was required because NioCorp recently moved from being (in the eyes of the SEC), a "foreign private issuer" to a "domestic issuer" because more than 50% of their shares are now held in the U.S. This means that the required holding period on shares issued by Niocorp through future warrant exercises can be as long as 1.5 years. This filing only allows those who have current warrants to register those warrants and the underlying shares so that, when they exercise the warrants, the shares aren't subject to such a long holding period.
The registration does not mean anyone intends to sell any shares, this includes Mark.
Niocorp is required to do this by SEC regulations.
Management has stated that construction can start without permits.
Keep in mind that Photonics guy used his own assumptions in those figures.
My point is, you have repeatedly stated that this is not cash flow positive on the Niobium alone, when in fact it is.