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Just thinking out loud—NB management/directors—(might be time to shore-up NioCorp’s share-price !! and stop the hemorrhaging …).
We did better on the OTC !!
Whats going on.
News :
NioCorp Praises U.S. House Armed Services Committee For Highlighting the Importance of Aluminum-Scandium Master Alloy
ACCESSWIREJul 13, 2023 7:00 AM EDT
National Defense Authorization bill specifically highlights potential scandium oxide production in Nebraska
New focus on scandium in Washington coincides with NioCorp's recent launch of phased commercialization of aluminum-scandium master alloy
NioCorp envisions potentially developing a vertically integrated mine-to-master alloy scandium supply chain in the U.S.
CENTENNIAL, CO / ACCESSWIRE / July 13, 2023 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB)(TSX:NB) is praising the U.S. House Armed Services Committee ("HASC") for highlighting the importance of aluminum-scandium master alloy to the United States and to many defense applications. The language was recently approved by the HASC as part of the FY2024 National Defense Authorization Act ("NDAA"). The bill next moves to the House Rules Committee and the full House for consideration.
In its report accompanying the NDAA, the Committee said that it "recognizes that China is a major producer of high-purity scandium oxide, which has many powerful applications in defense technologies, including strengthening and light-weighting defense and commercial aviation systems. As scandium oxide production is established in the United States, a missing supply chain component is the conversion of scandium from its oxide form to aluminum-scandium (AlSc) master alloy. This process step is required for utilization of U.S.-mined scandium by many defense applications."
The Committee further noted: "At present, production capacity of AlSc master alloy is limited to one facility in the United States. The committee recognizes that the United States may soon become a major producer of high-purity scandium oxide by virtue of a proposed mine and mineral processing plant in Nebraska. The committee recognizes the defense-wide importance of a vertical domestic supply chain for both scandium oxide and AlSc master alloy and the critical importance of both materials for the production of air-, land-, and sea-based combat systems."
The Committee went further with additional language: "The committee is aware that the rare earth element scandium has important defense and aviation applications when converted from its mined oxide form to an aluminum-scandium (AlSc) master alloy. The committee understands that the global production of scandium is currently dominated by China and Russia but that the United States is poised to become one of the world's largest producers of high-purity scandium oxide due to proposed private-sector domestic mine and mineral processing projects. Therefore the committee directs the Assistant Secretary of Defense for Industrial Base Policy to provide a briefing to the House Committee on Armed Services not later than December 29, 2023 describing the critical defense applications for AlSc master alloy, a list of specific defense programs that require access to AlSc master alloy, and recommendations to improve defense innovation and industrial base access to scandium oxide and AlSc master alloy."
NioCorp recently launched a phased commercialization effort to produce Al-Sc master alloy in the U.S., in partnership with Nanoscale Powders, LLC ("Nanoscale") (https://nanoscalepowders.com/). Nanoscale has developed a proprietary process that increases efficiency and reduces environmental impacts of Al-Sc production over traditional approaches. Work is underway at the Pennsylvania facility of Creative Engineers, Inc., (https://creativeengineers.com/) a leading alkali metal chemical process engineering company specializing in processes for sodium, lithium and potassium metal, to test a novel approach to Al-Sc master alloy production that involves separate metal reduction and alloying steps. The goal of the pilot-scale effort is to demonstrate that, at commercial scale, this process will be cost-competitive with other methods of Al-Sc master alloy, and that NioCorp can make Al-Sc master alloy with a range of scandium content.
Mark A. Smith, CEO and Executive Chairman of NioCorp, said: "We are very pleased to see the U.S. House Armed Services Committee highlight the strategic importance of domestic production of both high-purity scandium oxide and aluminum-scandium master alloy. We recognize this as well, which is why NioCorp launched our phased commercialization effort to develop commercial-scale production in the U.S. of this critical and strategic material. Our team is now conducting pilot-scale testing of aluminum-scandium master alloy and we look forward to reporting results as progress continues."
NioCorp's phased commercialization effort is being conducted in partnership with Boston-based Nanoscale Powders LLC, which has developed a proprietary process that increases efficiency and reduces the environmental impacts of Al-Sc production over traditional approaches.
Agreed Jim Sims IS one of the best in HIS “field of work” — hands down!!
It’s Chinese water-torture! …drip drip drip
Lord give us strength …
TODAY IN THE MARKETS |
Name Price Change
TSX 20,070.77 +192.21 TSX
TSXV 626.53 +8.47 TSXV
CSE 165.68 -2.94 TSXV
DJIA 34,347.43 +86.01 DJIA
NASDAQ 13,918.96 +158.26 NASDAQ
S&P 500 4,472.16 +32.90 S&P 500
“Life is All About TIMING”
But the VOLUME has been quite GOOD — $150,000 shares at roughly $5.23 — is NOT at $0.50 (1 for 10 RS ) — but rather $5.22 times at $150,000 equals $783.000. not too bad! …
Correct me if I’m wrong?
Cheers
Hey Putz —
what does your ‘ouija board’ say about tomorrow and our share-price ?
(UP or DOWN) ??
Cheers
“In a strategic definitive agreement, NioCorp and Stellantis, the automaker, have agreed to a 10-year offtake contract for rare earth minerals“.
https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjSkZix1IeAAxWoDzQIHfFcDZ8QFnoECB8QAQ&url=https%3A%2F%2Fminingdigital.com%2Farticles%2Fstellantis-and-niocorp-sign-a-rare-earth-supply-agreement&usg=AOvVaw3JH9pGVBl2kd0mHDDdsJ1_&opi=89978449
LM
That’s a valid point dutchfree! …the LONGS on this MB all know what WE’VE got here—there’s no need to EXPLAIN! —
Follow the money!
Cheers
No — $50-$60 = $5.0- 6.00pps. (Post Reverse)
$5 or $6/PPS — is NOT asking TOO MUCH, I think!
I frickin’ hope you are right Putz …
YES — it’s all about the DEBT FUNDING!! — I would agree.
but we can’t keep slipping into the DANGER ZONE?! —
I thought we would be trading at $50/$60 ps. once we upgraded to the NASDAQ and RUSSELL 3000! — 1 for 10 post-reverse-split …? wtfh?
Back to the YO-YO shit show!!!
sheesh
Great new pics and NEW layout — looks Great !! Checkout — NioCorp Development Home …
Keeping it FRESH !!!
https://www.niocorp.com/stellantis-and-niocorp-sign-rare-earth-offtake-term-sheet-in-support-of-stellantis-commitment-to-reaching-carbon-net-zero-by-2038/
BIG strong news-release — with signed contract — just/only waiting on some “FUNDING” to complete this DEAL … !
Let’s Go NioCorp!
LM
I would guess not many on this board know that our F-35 jet fighter is made predominantly from high-grade titanium …depending on who you ask — between 85% and 92% Ti —that’s a lot! …
https://www.google.ca/imgres?imgurl=https%3A%2F%2Fpreview.redd.it%2F34-000-pounds-of-titanium-aluminum-and-wonder-materials-v0-c7nd2dh5ixha1.jpg%3Fauto%3Dwebp%26s%3D25e7c713c0c296282f66e46c73233c4573fa27a1&tbnid=u2PM4SZ7CxVb7M&vet=12ahUKEwj60PT_voKAAxUPMjQIHQ25CFUQMyg0egQIARBR..i&imgrefurl=https%3A%2F%2Fwww.reddit.com%2Fr%2FLessCredibleDefence%2Fcomments%2F1114nfs%2F34000_pounds_of_titanium_aluminum_and_wonder%2F&docid=URT2mEFZS7qsbM&w=596&h=599&itg=1&q=F-35%20titanium%20amount&hl=en-ca&client=safari&ved=2ahUKEwj60PT_voKAAxUPMjQIHQ25CFUQMyg0egQIARBR
Titanium could end up being the — “ Dark horse “ — at the end of the day (there are plentiful amounts of (Ti) …!
I believe Mark and Scott said - titanium recovery could amount to an extra $80,000,000usd /per annum! that’s not chicken-feed?!!
Cheers
Hey reading ;
history repeats itself — this reminds me of (LWLG) — when their stock-price went from ($0.70 to $19.56usd Dec,2021) …
Here’s hoping we will BUST-OUT of the NB S/P doldrums !!
(Timing is Everything/now).
LM
I found this article to be interesting:
Why Canada?
Why Canada? Many factors. First of all, the North American context is extremely important to the development of our company moving forward. We’re very strong in China. We’re very strong in Europe, and we need to have a third leg — which is basically North America. Canada has one of the cleanest mining industries in the world. They work hand in hand with communities. In many of these cases, we’re talking about Indigenous communities.
The human rights factor is extremely important for us because we’re not just about building EVs — we’re also looking at all of the social, economic and environmental sustainability factors. If we are to provide electric vehicles to reduce carbon emissions, the last thing we want to do is to create more through our manufacturing process. And the third element is that there is a lot of automotive knowledge in southern Ontario at every level — energy, power, systems.
A lot of automotive towns in Ontario have been burned by auto companies in the past with layoffs and downsizing. Has there been any skepticism from St. Thomas about your plant?
I will give them praise — they are extremely dynamic. They want their community to thrive in the future. They’ve been great partners to work with. They really care about making St. Thomas, and southern Ontario, a different place in the future. But when I talk about sustainability — on the social side — the transformation of our company to electric vehicles meant a lot of people were really scared of losing their jobs.
We guaranteed employment until 2030. So we’re working with the labour unions to make sure that we can retain people, we can offer them new jobs in new factories — or the same factory. We’ve gone through extensive retraining. It’s still an assembly line, in many cases. But it’s different. There are a lot of safety standards that we don’t have to have in a combustion-engine facility. If you invest in people, you will get a lot more additional sustainability for your company.
When you look at St. Thomas and what we’re about to do — it’s not for two years. It’s not for five years. We’re talking about generations upon generations. So we’re committed to the long term. We’ve got to do what’s right for the long term.
What’s the hiring plan for the factory? Do you have a game plan in the works?
There is always a game plan. When we were making investments in Chattanooga for the launch of the ID.4 EV model, we had to recruit literally thousands of people — in COVID times — when the unemployment rate was less than five per cent. For all Western countries, it is a challenge to find talent, to find people who want to contribute to the economy, who are interested in these types of jobs.
And we know it is a challenge. But like anything else, we’re putting a plan in place, and we’re going to grow employment at our factory. Because it is important to us, it is important to the community. And we’re not afraid of the challenge.
There has been a lot of criticism regarding the amount of money Volkswagen received for this deal. I’ve seen claims that it’s a classic case of corporate welfare. What do you think of this assessment?
First of all, we’ve got to refer to this as an investment. And from what I understand, the government also looked at it as an investment — for the future of the economy. We had over 200 criteria for making this decision. Yes, the financial factors were important, but they weren’t the only ones. We’ve had many jurisdictions in North America contacting us. We’ve had many conversations and evaluations — because we could have put this investment in many other places.
“Volkswagen Group Canada’s CEO on why Ottawa’s $13.2-billion EV plant investment is worth every penny”
Volkswagen Group Canada CEO Pierre Boutin couldn’t say much about the auto giant’s hunt for a North American electric vehicle battery plant when he spoke to the Star in January. He confirmed Canada was on the list, but the negotiations were well above his pay grade.
In fact, at the time, Volkswagen was scrutinizing the details of what would become the winning bid for Volkswagen’s first EV battery plant outside of Europe — its $7-billion, St. Thomas, Ont., facility announced in May. It’ll be run by PowerCo SE, a company started by Volkswagen to run its entire battery business. Both Queen’s Park and Ottawa have promised $14 billion in government aid for the new factory, an eye-watering sum that some critics say won’t deliver on its promises.
They may have good reason to be skeptical. The subsidies are significant. EVs, while one of the fastest-growing segments of vehicles worldwide, simply aren’t legacy investments yet. A Ford or GM assembly plant in the 1960s represented a plethora of good jobs for generations to come. The same has yet to be seen for electric vehicles, although investments are pouring in thick and fast. Just this week, automotive giant Stellantis and Ottawa salvaged a fraught EV battery plant deal in Windsor with up to $16 billion in subsidies.
Let’s Go NB!
Hey Putz — I say — whatever IT TAKES at this point …!
Let’s get it GOING.
If the Canadian Prime says he wants it, it will happen quickly — JustinT. loves spending $money$!!—
NioCorp is a Canadian mining company… This will/should HAPPEN quickly! JMHO
Cheers
LM
“Stellantis reaches preliminary deal for rare earth minerals with NioCorp”
July 6 (Reuters) - Automaker Stellantis N.V. (STLAM.MI) and Canada-based miner NioCorp Developments Ltd (NB.TO) on Thursday signed an offtake term sheet with the objective of establishing a supply deal for rare earth minerals critical to electrical vehicles.
The preliminary agreement establishes a 10-year offtake contract for minerals like neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide that NioCorp aims to produce at its Elk Creek Critical Minerals Project in southeast Nebraska.
The rare earth oxides are used in making high-strength permanent magnets for electric vehicle motors, wind turbines and consumer electronics.
I personally LIKE this OFFTAKE!!!
Final volumes will be determined in a definitive agreement, upon getting adequate project financing, the companies said in a statement.
“Carmaker Stellantis signs deal with firm seeking to mine in Nebraska for rare earths needed in EVs”
OMAHA, Neb. (AP) — The company that wants to mine for critical minerals in southeast Nebraska has signed a deal with Stellantis, giving the automaker access to the rare earth elements used to produce high-powered magnets needed for its electric vehicles.
NioCorp announced the tentative agreement with the automaker whose brands include Chrysler, Alfa Romeo and Maserati on Thursday. The companies didn't disclose how much Stellantis will pay because those details are still being negotiated, but this deal with such a high-profile buyer will likely provide a boost to NioCorp's effort to raise $1.1 billion to establish the mine about 80 miles (130 kilometers) south of Omaha near the town of Elk Creek.
It's also not clear just how much of the highly sought-after elements Stellantis would be able to buy as part of this agreement because NioCorp is still working to determine whether it will be make economic sense to produce the neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide used to make magnets. The proposed mine's main product would be niobium that's used to make steel lighter and stronger.
But most of the rare earth elements available today are produced in China, so President Joe Biden has been pressing for more of them to be mined domestically.
“This could really turbocharge our project financing and help to accelerate moving the project to construction and eventual commercial operation,” NioCorp CEO Mark Smith said.
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 Centennial, Colorado, company still has a long ways to go to raise the $1.1 billion it needs to establish the mine. But NioCorp officials are optimistic because they have applied for up to $800 million in financing from the Export-Import Bank of the United States, which is in the process of reviewing the mining company's applications.
NioCorp also said Stellantis will consider investing in the mine, but that won't be decided until after the companies finalize the rare earth purchase agreement.
Stellantis’ Maxime Picat said in a statement that this agreement should help the automaker meet its goals to produce more electric vehicles and cut its carbon emissions.
Currently, America imports all the niobium and scandium and most of the titanium and rare earths that NioCorp hopes to produce. The only U.S. mine that produces rare earths now is run by MP Materials in Mountain Pass, California.
Click on the LINKS —
This sounds BIG very BIG! !!
https://email-st.seekingalpha.com/click/32008588.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
Canada to subsidize Stellantis battery plant with up to C$15B in incentives
Separately, Stellantis (STLA) said it signed a deal with NioCorp Developments (NASDAQ:NB) for the supply of rare earth elements used to produce high-powered magnets for its electric vehicles; financial and production details were not disclosed.
Canada's government said Thursday it agreed to dole out as much as C$15B (~US$11.3B) in incentives to Stellantis (NYSE:STLA) for an electric vehicle battery plant, topping the C$13B in state aid over a decade previously offered to Volkswagen (OTCPK:VWAGY) for a similar plant.
The deal ended a standoff that began in May when the automaker stopped construction on the project, demanding Canada match support available in the U.S. under the Inflation Reduction Act.
The Stellantis (STLA) plant, built in partnership with South Korea's LG Energy, will be located in Ontario, whose provincial government earlier agreed to pick up a third of the cost, which also will extend to the Volkswagen (OTCPK:VWAGY) project.
Jul. 06, 2023 6:56 PM ETStellantis N.V. (STLA), NB, NB:CAVLKAF, VWAGY, VWAPYBy: Carl Surran, SA News Editor
Replay:
Potential EXIM Loan for up to $800 Million
? After EXIM completed a preliminary review of NioCorp’s Elk Creek Project in March 2023, the Bank sent NioCorp a Letter of Interest for potential debt financing of up to $800 million.
? EXIM recently expanded its funding scope to include projects in the U.S. through its “Make More In America” initiative
? EXIM indicated that it is “eager to support” the critical minerals industry projects because so few critical minerals are produced in the U.S.
? EXIM process is estimated to take between 6-9 months to complete.
——————————
Higher Investor and Government Visibility
? New listing on the Nasdaq Stock Market
? Front-page New York Times story on Elk Creek Project
? Rare earths op-ed by Mark Smith published by Fox News
? NioCorp working with 3 US federal agencies on potential funding
We appear to be STUCK on ($5.00/ps) or ($0.50 reverse split)!?
wtf ?!
What’s is going on !?
Maybe NioCorp didn’t get the memo! — Christmas in July?? — (Can we at least get an measly share-price of $4/ps above our current anemic SP?— or is that too much to ask for??.
Patiently still waiting…
LM
Yes I see that — I think NioCorp and it’s Elk-Creek-Project is further ahead of (MANY) if not ALL NioCorp’s peers ??
Why are we in the RED?
Hard to understand, indeed!?
I’m in - come hell or high water! — but it sure is FRUSTRATING! to say the least!
sheesh
LM
Rare Element Resources Ltd. (REEMF)
Other OTC - Other OTC Delayed Price. Currency in USD
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0.6061+0.2261 (+59.5000%)
As of 02:45PM EDT. Market open.
( TMRC) is on the MOVE —
Texas Mineral Resources Corp. (TMRC)
Other OTC - Other OTC Delayed Price. Currency in USD
Follow
1.1932+0.3433 (+40.39%)
As of 02:26PM EDT. Market open.
“ LETS GO NIOCORP “!
Recent Milestones Achieved
Financial
? Completed acquisition of GXII (>96% shareholder approval)
? Up-Listed to the Nasdaq (Ticker: NB), with cross-listing on the TSX
? Closed on two financings with Yorkville providing access to up to $71.9M net proceeds over next 3 years
? Received Letter of Interest from EXIM for potential debt financing of up to $800M Operational
? Successfully demonstrated rare earth recoveries of >92% at the Company’s demonstration-scale processing plant in Quebec
? Executed contract with Zachry Group to update the design and costing of the Elk Creek Project surface facilities to reflect flow sheet improvements
? Began land clearing operations at Elk Creek Project site
Higher Investor and Government Visibility
? New listing on the Nasdaq Stock Market
? Front-page New York Times story on Elk Creek Project
? Rare earths op-ed by Mark Smith published by Fox News
? NioCorp working with 3 US federal agencies on potential funding
—————————————————————
Potential EXIM Loan for up to $800 Million
? After EXIM completed a preliminary review of NioCorp’s Elk Creek Project in March 2023, the Bank sent NioCorp a Letter of Interest for potential debt financing of up to $800 million.
? EXIM recently expanded its funding scope to include projects in the U.S. through its “Make More In America” initiative
? EXIM indicated that it is “eager to support” the critical minerals industry projects because so few critical minerals are produced in the U.S.
? EXIM process is estimated to take between 6-9 months to complete.
Another day — another yo-yo !
Sheesh
Ahh, today is June 26, the day we join the Russell 3000 ???! …
Having watched the pricing of Titanium for a few years NOW! — and watching the Titanium markets CLIMB and CLIMB up…? I was wondering if anyone else had noticed? (depending on the purity — (Ti) increases in value) —!
Well it seems someone HAS — Mark Smith and Scott Honan (adding an extra $80,000,000/pa to NioCorp’s market cap— says MS).
Looks like the “ dark horse “ may win the race after all !!!