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600,000 shares traded SO FAR today …
I would guess ($US15+) …
This is a great refresher PR Nebraskan ! — We have received so many milestones in the past 1-2 years — it’s hard to keep up with all the SUPER- MATERIAL NEWS!!
Let’s see what the next two days bring to the Party …?
Fingers’xd
Landmark.
NioCorp’s Rare Earth Demonstration Plant Showing Strong Rare Earth Recovery Results, in Line with Expectations
NioCorp’s Rare Earth Demonstration Plant Showing Strong Rare Earth Recovery Results, in Line with Expectations
Results Support Feasibility of Separating Magnetic Rare Earth Oxides, Which are Vital to Electric Vehicles and Critical U.S. Defense Systems
CENTENNIAL, Colo. (February 6, 2023) – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) today announced that its demonstration-scale processing plant (the “demonstration plant”) at L3 Process Development in Quebec, Canada has succeeded in producing a high-purity mixed rare earth concentrate from NioCorp’s integrated demonstration plant. These encouraging results lend support to the technical feasibility of separating high-purity oxides of several key magnetic rare earths, on which the U.S. is presently 100% dependent, primarily from China, from ore comprising the Elk Creek Critical Minerals Project (“Project“).
NioCorp’s patent-pending demonstration scale rare earth extraction and purification solvent extraction process operation is ongoing in Trois-Rivieres, Quebec, using solutions generated by the upstream operations of the demonstration plant. The rare earths were then precipitated out of solution, producing a solid that contains 6% praseodymium (“Pr“) oxide, 25% neodymium (“Nd”) oxide, 0.35% terbium oxide (“Tb“), and 1.6% dysprosium (“Dy“) oxide, with the balance of the solids consisting primarily of rare earths with minor base metal impurities.
Sheesh — ok, we just wait and see! Monday & Tuesday — better than spinning our wheels …
Shares outstanding 28,246,620 common shares :
CENTENNIAL, Colo., March 14, 2023 /CNW/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) today announced that its board of directors has resolved to effect a share consolidation (reverse stock split) (the "Consolidation") of its issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares, contingent on the completion of the relevant portions of the previously announced business combination between NioCorp and GX Acquisition Corp. II ("GXII") pursuant to the Business Combination Agreement, dated September 25, 2022 (the "Business Combination Agreement"), among NioCorp, GXII and Big Red Merger Sub Ltd. (the transactions contemplated by the Business Combination Agreement, collectively, the "Transaction"), which is expected to occur on March 17, 2023, and subject to any applicable requirements of the Toronto Stock Exchange (the "TSX") and the Nasdaq Stock Exchange LLC (the "Nasdaq"). Had the Consolidation occurred as of March 14, 2023, the Consolidation would have reduced the number of Common Shares issued and outstanding from approximately 282,466,201 Common Shares to approximately 28,246,620 Common Shares. The Common Shares are expected to commence trading on the TSX and on the Nasdaq on a post-Consolidation basis on or about the opening of trading on March 21, 2023.
Ok thanks …
I’m not talking about currency ratios - I’m talking about RS ratios .
Is NB reverse-split ratio still (1 for 10) or will there be an adjustment made to the RATIO - now that (our shares outstanding have drastically DROPPED?) which is VERY appealing! …IMO
That’s better PC, thanks:
I wonder what Monday and Tuesday brings (lots of NEWS riding on the coattails of (NASDAQ UPLIST) …
Is NB reverse-split ratio still (1 for 10) or will there be an adjustment made to the RATIO - now that (our shares outstanding have drastically DROPPED?) which is VERY appealing! …IMO
Cheers
Landmark
Hey Richard,
I’ve used my 15 post for the day, back again.
Jim’s last sentence — “under the new split adjusted price”. ??
Our stock will trade normally on the TSX and OTC on Monday at current pricing. On Tuesday, we will begin trading on the Nasdaq (and continue our trading on the TSX) under the new split adjusted price.
Jim
Someone said on Monday - there was going to be an IIROC Trading Halt—and the Bell Ringing at start morning trading!?
I don’t know if that is for real? Or not?
Ok, so do you think/believe Tuesday morning - NioCorp will open up trading at $7 bucks?. and the reverse split ratio, will be (7) …?
Cheers
LM
Hi Putz, do you have a link or snippet where you saw NASDAQ will/could open at $7.00 u.s.
That sounds INTERESTING to me!
Cheers
LM
(10 for 1) is a forward split — not a reverse split??
We should hope/wish for a (forward split 10 for 1) ! Lol
NO! it’s (1 for 10) not (10 for 1) …!
Well yes, $20,000,000 is a lot of free $$$$$$$$$!!
For some reason I’m not getting PMs. Hmmm
I hope you are right! …don’t need any dilutions, since GX11 pulled the rug out!
I don’t have any shares on MARGIN. Is that what you meant? …
Hey Nebraskan,
Is it today we find out what the ratio (reverse-split is implemented) ??
Has anyone contacted Jim Sims TODAY? …if so please share.
1.5 Million shares traded so far today (not counting Germany exchange) …sheesh!
Are we still on for the NASDAQ UPLIST on (Tuesday, March 21st) …?
Why do you find that funny!!?
The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements. Typically, there must be at least three (or four depending on the criteria) market makers for the stock.
Maxz, are you still here?. We need a voice of reason…??????
BIG market move today!!
TODAY IN THE MARKETS |
Name Price Change
TSX 19,539.01 +160.17 TSX
TSXV 602.20 +5.68 TSXV
CSE 182.28 -0.43 TSXV
DJIA 32,246.55 +371.98 DJIA
NASDAQ 11,717.28 +283.23 NASDAQ
S&P 500 3,956.72 +64.79 S&P 500
Yes, the POTUS directed to STOCK PILE (Critical & strategic) minerals and metals (DOE and DOD) …
Hey PC,
I’ve been wondering — “ Export-Import Bank of the United States Issues Letter of Interest to NioCorp for Potential Debt Financing of up to $800 Million for NioCorp’s Elk Creek Critical Minerals Project”.
Now, the standard protocol for the “Export-Import Bank of the United States” is
advertised as - 6 to 9 months (approval ratings).
Without going too long and deep into this — would you have any idea if Export Bank has FLEXIBILITY with their timeline…?
NioCorp has basically TICKED all the BOXES, permits, purchased private lands, shovel-ready, etc. etc.
And anyone else can comment .
Cheers.
LM
$800,000,000 is not rubbish ! It’s obvious you don’t own any shares! so what are you doing trashing this board.
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I like your STYLE!!!
LM
Yes, material news could be coming …just guessing/speculating!
Just the ‘usual cautionary note’ …
Yeah it’s a head scratcher alright?
Maybe someone found a better deal !?… I don’t know! …
Maybe Jim will explain in the morning …
95% redemption WOW!!! that number doesn’t just sneak in under the door. GXII must have known for awhile?. ..imo
Here is the article
Company gets closer to raising $1.1B it needs for mine
By Josh Funk?|?AP
March 15, 2023 at 6:47 p.m. EDT
Comment
OMAHA, Neb. — A mining company that wants to extract a collection of rare elements from beneath southeast Nebraska raised funds Wednesday toward its goal of finding the $1.1 billion it needs to build the mine that has been in the works for decades.
Shareholders of a special purpose acquisition company called GX Acquisition Corp. II overwhelmingly approved merging with NioCorp, a Centennial, Colorado-based mining company, according to a regulatory filing. About $15 million from the deal will go to NioCorp, the company said.
The GXII deal involves one of the risky shell companies once popular on Wall Street before many fell out of favor and had to be liquidated before they ever completed a deal. The SPACs, as they are known, are essentially companies created solely to merge with another business to invest in it.
NioCorp shareholders also approved an $81 million financing deal with Yorkville Advisors Global last week.
But the mine the company hopes to build about 80 miles (130 kilometers) south of Omaha near the town of Elk Creek could get an even bigger boost later this year. The Export-Import Bank of the United States recently issued a formal “letter of interest” saying that NioCorp may qualify for up to $800 million in financing. If that comes through after the bank conducts a detailed review of the project, NioCorp would have enough cash to build the mine.
First the project will have to undergo at least six to nine months of review by the bank. The letter from the Export-Import Bank is just a preliminary step, but it has NioCorp officials extremely optimistic.
Story continues below advertisement
“It’s unbelievably exciting. Sleep is a little hard to come by for our team right now,” NioCorp CEO Mark Smith said. “We see what’s happening and this project is actually going to happen.”
NioCorp has raised more than $80 million since 2013 to explore the site, but development of the project dates back to the 1970s when a different company first started drilling samples. The proposed mine is expected to create over 400 jobs if it is built.
The main element NioCorp plans to produce is a heat-resistant element called niobium, which is used to make steel lighter and stronger. The mine could also produce scandium that can be used to make aluminum stronger and titanium that would be used in paint production. The company has said analysis of samples from the site shows there is also a significant amount of rare earth elements used in a variety of high-tech products that are primarily produced in China. But it’s not yet clear whether it will be economically feasible to mine those rare earth elements that President Joe Biden wants to see more of produced domestically.
Story continues below advertisement
The letter the bank issued to NioCorp is one of the first given to a U.S. project since the Export-Import Bank decided last year — in response a Biden executive order — to expand funding to domestic projects proposed by companies planning to export their products. A bank spokeswoman said NioCorp operates in an industry the bank is eager to support because so few critical minerals are produced in the United States.
NioCorp officials say getting funding from the bank, which is run by the government under congressional authorization, would help level the playing field with Chinese companies that are heavily subsidized by their government. The Export-Import Bank would likely offer better terms than commercial banks, but NioCorp continues to talk with other banks.
NioCorp Announces Effective Date of Share Consolidation
Canada NewswireMar 14, 2023 8:48 AM EDT
CENTENNIAL, Colo. , March 14, 2023 /CNW/ -- NioCorp Developments Ltd. (" NioCorp " or the " Company ") ( TSX: NB; OTCQX: NIOBF ) today announced that its board of directors has resolved to effect a share consolidation (reverse stock split) (the " Consolidation ") of its issued and outstanding common shares (the " Common Shares ") on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares, contingent on the completion of the relevant portions of the previously announced business combination between NioCorp and GX Acquisition Corp. II (" GXII ") pursuant to the Business Combination Agreement, dated September 25, 2022 (the " Business Combination Agreement "), among NioCorp, GXII and Big Red Merger Sub Ltd. (the transactions contemplated by the Business Combination Agreement, collectively, the " Transaction "), which is expected to occur on March 17, 2023 , and subject to any applicable requirements of the Toronto Stock Exchange (the " TSX ") and the Nasdaq Stock Exchange LLC (the " Nasdaq "). Had the Consolidation occurred as of March 14, 2023 , the Consolidation would have reduced the number of
Common Shares issued and outstanding from approximately 282,466,201 Common Shares to approximately 28,246,620 Common Shares. The Common Shares are expected to commence trading on the TSX and on the Nasdaq on a post-Consolidation basis on or about the opening of trading on March 21, 2023 .
https://www.niocorp.com/niocorp-announces-effective-date-of-share-consolidation/
You forgot to mention “ SOLYNDRA “! only a few made millions / billions!! OOPS!!
https://stocktwits.com/gramps1
Why is NB share price not reacting to the GREAT news ???
Shruggg
NICE !!!! — March 21 …small float … this is GOOD!