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While we are waiting for the lawyers to get things wrapped up, it looks like Scott & crew were in Lincoln today pursing the Air quality permit.:)
https://ecmp.nebraska.gov/publicaccess/PublicAccessProvider.ashx?action=ViewDocument&overlay=Print&overrideFormat=PDF
HK, You are correct! In approx. 7 months the 20's will be here. 2020, 2021, 2022. Etc. These are the years Niocorp will build and start getting profits from this SUPER alloy project!! Go Niocorp! :)
Just re-read through the 2019 updated F/S. A couple of things come to mind.
There is no mention of financing "negotiations". Only securing it -- putting it in writing & in Mark's hand. The deal is done, at least enough to start construction. IMO.
Scott & team are very excited to be able to build & operate this project. You can't do that without $$$$. He wanted the construction permit issued by Jan 2020 for a reason, IMO.
Just wondering if Nordmin is part of the "strategic investors" Mark is referring to. They have had first hand knowledge of all the new numbers in advance of them being published. They might not need a condensed version either.
I think financing news comes out shortly after the close of the PP.
As the old saying goes:
Brother, as you ramble on through life, whatever be your goal,
Keep your eye upon the donut and not upon the hole. :)
Have a great Easter weekend All!!
Was just on the Niocorp website, can't seem to get the news release link under newsroom to open. It only flashes to a white screen. Are they updating it for something in the morning? Fingers X'd. All other links are working fine.
Can anyone else open it?
No reason other than hoping the silence leads to something happening real soon.
If it doesn't, I will be able to pickup 2k more shares at a good price for grandchild #3, due in 3 weeks.
Have a GOOD Day!
Landmark, Jim did not reply to my question about the warrants. He's probably really busy typing up a stellar PR for us!
If I were Mark, or Jim , I wouldn't want to be stuck in Colorado when this "baby" is coming to life! Maybe temporary Niocorp satellite office in Tecumseh.
Johanna, maybe a trading halt this upcoming Good Friday (1/2 day trading), followed by a HUGE PR on Monday after Easter!
GLTA!!!
I tried searching the purpose of deregistering earlier, but only came up with that plus delisting together,, NOT the case! We'll know more from the Q3 2019 in approx 30 days.
Thanks LM, will do. I have never held any warrants, so I dont know. I"ll send Jim an email right now.
MM, can the company buy back the warrants at exercise price prior to the expiration date?
MB, from the Q2 2019 take a look at pgs. 10 & 11 for expiry dates.
https://www.niocorp.com/wp-content/uploads/NioCorp_10Q_Q2_2019_as_filed.pdf
I vote # 3 from your earlier post.
I kindly have to disagree with your interpretation of the letter.
Please look at pg 32 & 33. Niocorp will not be processing radioactive materials. They are looking to get a specific license for on-site RA waste disposal.
In paragraph 3 pg.1
"Since Nicorp is not mining uranium, it needs a license from DHHS and not NRC."
I would guess that permitting through the NRC would be more time & money consuming.
With Niocorp wanting the air construction permit in hand by Jan. 2020 (only 8 months from now) things are going to get fast & furious! IMO
if the prior link doesn't work for you, try this one. Enter 97622 for the facility # then search. Select the top item "Elk Creek Project". It may take a bit to load..36pgs.
https://ecmp.nebraska.gov/publicaccess/viewer.aspx?MyQueryID=340
Just how far into permitting would you go if financing was an issue?
For those not from the U.S., or Nebraska.
NRC - Nuclear Regulatory Commission (Federal agency)
DHHS - Department of Health & Human Services ( State agency)
DEQ - Department of Environmental Quality (State permitting)
https://ecmp.nebraska.gov/publicaccess/PublicAccessProvider.ashx?action=ViewDocument&overlay=Print&overrideFormat=PDF
with Monday being April 1st, "April Fools Day" in the U.S., should we believe movement either way? LOL ---Maybe be better to flat line til Tuesday. I'd take a Good PR any day of the week! :)
Sorry, I should have included Scott Honan in previous post as he is the person I presume that has been, & will be dealing with the permitting in Nebraska.
Way to Go Jims Sims! The State of Nebraska appears to have heard your Senate testimony. Hopefully it will bring about some changes that will speed things up, & not just phrasing it a different way.
What perfect timing!
"These changes are intended to unify permit conditions and streamline the CP and OP permitting processes."
http://deq.ne.gov/Press.nsf/%24%24OpenDominoDocument.xsp?documentId=83B53AA2B2447DC8862583B300513A4C&action=openDocument
LM, we have a couple more days. They expire on Jan. 19th, (Saturday).
I,m wondering how soon after they expire Mark will be in Scott's office.
It sure doesn't sound like he is looking for/at a buyout. One correction though, it should be a "BIG RED" Shovel, we're in Nebraska!
The text below is from NET news on Dec. 7th. The Link is below.
Executives say they are looking at multiple financing options, with interest ranging from tens of millions to hundreds of millions of dollars. Financing is not yet in place, but executives say they are working “as fast as possible.”
Mark Smith is CEO of NioCorp. He hopes investors will take it as a good sign that he has asked Vice President Scott Honan to have all necessary engineering and construction contracts ready.
“I want them to be in a position so that the moment that I walk into Scott’s office and tell him that the financing is in a binding form, he signs those contracts, and we get that little red shovel into the ground,” Smith said.
http://netnebraska.org/article/news/1155476/rare-earth-mineral-mining-company-updates-investors
Have a Great Day!
Happy News. Years to all! I must be getting older, there's only 63 trading days left til the end of Q1. Tic, Tic, Tic. Hopefully we have ran out of Tocs!
So if these 12 mil. warrants expire, we will see the large jump in SP many are hoping for, or is there still enough on the "to do list" to get thru the end of Q-1 2020 when 8.3 mil more could expire?
A slow, but steady climb to $.85 CAN.
At September 30, 2018, the Company has outstanding exercisable Warrants, as follows:
Exercise Price(C$) Expiry Date
355,132 0.54 December 6, 2020
308,901 0.62 October 31, 2020
283,413 0.66 September 28, 2020
541,435 0.69 February 7, 2021
529,344 0.70 February 5, 2021
3,125,000 0.72 December 22, 2018
1,546,882 0.72 January 30, 2021
1,058,872 0.72 April 5, 2021
260,483 0.73 August 15, 2020
9,150,285 0.75 January 19, 2019
1,458,792 0.75 September 14, 2020
1,028,785 0.75 September 28, 2020
1,035,319 0.77 July 9, 2021
3,155,062 0.79 July 26, 2021
(3,860,800 0.85 February 14, 2020)
(3,043,024 0.85 February 21, 2020)
(539,307 0.85 February 28, 2020)
(890,670 0.90 March 31, 2020)
32,171,506
Happy Holidays to ALL!
Hopefully this LOI with Australia is only to fill the gap in time to production, and/or under capacity of prospective mines in the U.S.
Anything more would be kind of a slap in the face to "securing it at home"
So did Zinke sign, then high-tail it out of there before the U.S. junior miners caught up with him?
How bout that senate report?
http://www.mining.com/web/australia-plans-deal-u-s-critical-minerals-hopes-boost-exports/
Maybe along with crop deals they can get the infrastructure deals going too! -- from the Omaha World Herald 2 hrs ago.
Trump appoints Gov. Pete Ricketts to serve on trade advisory committee
WASHINGTON — President Donald Trump has appointed Nebraska’s Republican Gov. Pete Ricketts to serve on an advisory committee for trade policy.
“President Trump has been working tirelessly to secure new trade deals for the United States,” Ricketts said in a press release. “From his newly signed deal with Canada and Mexico to bringing American beef back to China, the President has been delivering on his promises. It is an honor to support President Trump’s work in this advisory role as he continues to push for better trade deals for working Americans and our family farmers and ranchers.”
Ricketts quoted the Office of the U.S. Trade Representative stating that the committee would help shape trade policy, including negotiating objectives and bargaining positions, the impact of trade agreements and other matters.
Nebraska and Iowa farmers depend heavily on foreign markets to sell their products. The Trump administration’s tariffs have provoked responses that have hit many farmers hard by driving down crop prices.
A recent Nebraska Farm Bureau report found that the state’s producers have lost as much as a billion dollars in revenue from ongoing trade conflicts.
Unfortunately for now, RES is a private company. They have just completed some promising tests with a Canadian company for rare earth magnet feedstock.
When Niocorp is up & running, there may be by-product that is worth processing, especially given the close proximity!
RES is using a different extraction technology for REE's. Greener , & more efficient.
I'm posting this for anyone else that is excited about the lightweight & greener revolution that is tied to Nebraska. Our legacy will be not only what we leave for our children & grandchildren, but also the condition we leave it in for them to deal with. Grandchild #3 is in the oven & due in May!
http://www.ktvn.com/story/39512063/medallion-completes-key-rare-earths-production-test
DYODD!!
Here is the text from the article.
Rare Earth Salts hopes to expand
Scott Koperski Daily Sun news editor Feb 24, 2018
A Beatrice company that harvests rare earth elements from a variety of feedstocks is planning to grow its operation north of Beatrice.
Rare Earth Salts announced last June that the company successfully separated its first commercial unit of rare earth oxides, which are used in a wide range of applications, from radar systems to cell phones.
Rare Earth Salts Chief Technology Officer Joseph Brewer said the company uses new techniques to extract useful elements from different substances, including would-be mining waste and recycled fluorescent light bulbs.
“We developed an in-house proprietary technology for refining high value metals, and those metals are called rare earths,” Brewer said. “China does the bulk of production globally right now. We would be a new methodology of doing that separation. Right now, globally, a process called solvent extraction is utilized by most every production company out there.
“We’re using a very different technology than that. Also, we believe our technology is substantially greener than competing technology on the market today and we also believe our technology can produce purified rare earths at a much lower cost per unit.”
The material Rare Earth Salts harvests arrives via semi in the form of a fine powder.
Rare Earth Salts separates and refines rare earth elements to high purity. The company says this process is environmentally-friendly and projects significantly reduced the costs, in comparison to standard processing. The end product is used in a wide variety of technologies, with one up and coming area being electric vehicles.
The company’s initial production feedstock is sourced from recycled fluorescent light bulbs material supplied through the company’s commercial agreement with Rare Earth Recovery Sciences.
Brewer said the process results in very little waste.
“When we’re processing that through, about 85 percent of the incoming feedstock is going to be leaving the facility as product,” he said. “The remaining 15 percent, one of the things we’re looking at doing is generating a salt from it that we’re going to use internally with our processing. Essentially, what we’ll be doing is generating a sodium chloride salt that we utilize within our system. That’s going to be the major use for that incoming waste material as it were. It’s actually going to be fed back into our system.”
Rare Earth Salts currently processes 24 metric tons per month from its facility at Highway 77 and Hickory Road, north of Beatrice.
It plans to increase production, which will require an expansion to the facility that will be driven, in part, by a partnership with a Chilean mining company.
Rare Earth Salts and Minera BioLantanidos (MBL), the first Chilean rare earth company, announced a commercial agreement last April to produce separated rare earth oxides from MBL’s ionic clay deposit.
The companies expect to produce 15 high purity rare earth oxides, with a final product expected in the first half of 2019.
MBL will produce a 95 percent pure Rare Earth Oxide Concentrate in Chile. The concentrate will be shipped to the Rare Earth Salts facility for separation and purification using its proprietary technology.
“We’re expecting a significant ramp up in operations by the second half of this year,” said Rare Earth Salts CEO Cameron Davies. “We expect our initial sales to be forthcoming and I think what’s most important about the work that’s been done out there is that we continue to project to have the lowest cost, both from a capital and operational side in the industry. We’re going to have a third-party do an independent validation of that, and we expect to have that done in the first half of this year.”
Davies said the company has nine employees and is looking to hire more. Four of the current employees work out of a lab at the business campus south of Southeast Community College.
Brewer said the company is considering a consolidation of its research and production divisions, but no plans to move have been reached.
“It’s a constant discussion point around here, is how much you tie the two together and moving the lab facility up north takes up space, too, which could be used for production,” he said. “We’re kind of still in discussions regarding how best to situate our lab side of things. Research and development is always ongoing, so we’re kind of looking at how we best tie together our research and production.”
Rare Earth Salts has already hooked up with a Chilean mine. 3-4 yrs down the road things may change.
https://beatricedailysun.com/news/local/rare-earth-salts-hopes-to-expand/article_fa42e9c0-95e8-502d-9837-db1f1e391d9b.html
FYI for a couple of familiar names. Yes, it might be time to get more on Monday.
https://www.bnnbloomberg.ca/investing/video/robert-mcwhirter-discusses-ibc-advanced-alloys~1298036
https://www.nasdaq.com/press-release/ibc-advanced-alloys-announces-election-to-issue-shares-in-satisfaction-of-debenture-interest-20181130-00808
Have a GOOD weekend! :)
I think keeping Gov. Ricketts in office will be a plus! He helped bring Facebook to Papillion.
Which in turn bought a chunk of Nebraska BEFORE the plant was built!
http://energymetalnews.com/2018/03/21/facebook-and-adobe-to-buy-wind-power-from-nebraska-facility/
With SOOOO many things going electric, they are going to need plenty of batteries to store it in, and back up systems!
It looks that way now. correction Bacon is * + 7k votes.
Next hurdle ... Nov 14th!
Cheers!
Election results in Nebraska at 10:50 p.m.
Ricketts - 59% +88k votes
Fischer - 56% +90k "
Fortenbury - 58% +27k "
Bacon - 52% +4k "
at that time, none of the races were offically declared, but ABC news was calling Gen Don Bacon the winner.
looks like no political monkey wrench thrown into the Niocorp project. :)
Tedro, I was born raised, & more than likely will die in Omaha.
Nebraska is NOT new to mining & the impacts of it. Some of the State run recreation areas & lakes are direct result of limestone mining. Ash Grove Cement Co. has been in Louisville, NE for nearly 100 years!-- that has taken ALOT of stone. There are some safety stats in this article.
https://www.kearneyhub.com/news/local/mining-in-nebraska-in-weeping-water-its-even-expanding/article_08233454-be17-50b4-8fdb-1735be89156c.html
Kiewit Construction has been involved in mining for decades.
https://www.kiewit.com/projects/mining/
Nebraska has been mining Uranium since 1991 in the northwest corner of the state(Crow Butte). This operation currently has 2, or 3 permits under review for expansion as the primary vein has become less productive in terms of %.
As far as CO2 emissions. If Scandium & Niobium are used in the lightweight revolution, how much CO2 will be ELIMINATED by all the lightweight, & or electric vehicles in Omaha & Lincoln alone?
one step back might = 10 forward.
Tedro, was it you in an earlier post this year that said you lived in Omaha & Bellevue for a while?
Chapter 2. Maybe this will get Washington moving even faster!
https://finance.yahoo.com/news/china-cutting-rare-earth-output-104829118.html
One step closer to a sure thing!
"there will be a reliable supply" Love Mark Smith's confidence!
Putz, for all your work with charting & patterns for us all, I hope the handle pattern that develops looks like this. It's at $43.99 per share! (each) lol
"the PM cup & handle pattern"
https://secure.img1-fg.wfcdn.com/im/96284162/resize-h800%5Ecompr-r85/3603/36030894/Punch+Ladle.jpg
Its the only one that doesn't have the handle coming back down! :)
Plus Jim Sims connection to D.C & the military!
Like Mark Smith said after the town hall meeting, "those bridges definitely not burned". What he didn't say was that they are being turned into the Milau viaduct!!
I came across this old interview with Mark Smith on the sale of Mountain Pass. Multiple entities, confidentiality, narrowing down to the best possible people/outcome. Sounds familiar. Sheds some light on the absence of financing news.
The man hasn't changed, only the minerals involved!! Very confident he will close this deal too!
http://www.theanchorhouse.com/?p=1731
The Elk Creek deposit -- Great Value
The Niocorp Team -- Priceless!
Have a Great Sunday all!!
A lot can happen in 24 months! Approx time it would take to get the mine up & running.
https://www.ameslab.gov/news/news-releases/ames-laboratory-discovers-way-make-alane-better-hydrogen-fuel-option-vehicles
https://www.army.mil/article/207175/army_plans_to_license_nanogalvanic_aluminum_powder_discovery
https://www.globaltradealert.org/intervention/64859/instrument-unclear/united-states-of-america-designation-of-alane-fuel-cells-as-critical-to-national-defense
I forgot to bookmark the page, but Boeing & Airbus have also been looking into this technology for the 787's Super Green & Lightweighting!
I have not found any mention of what the Army's Al is mixed with :(
The POTUS can do quite a bit if deemed necessary.
Sorry LM. I was outside getting our dogs ready for the kennels for the night.
Thanks ScAndy for the response.
If anyone else has problems with the link, the article can be found on www.northenmining.com
I don't remember if this was previously posted. I found it interesting that they placed Niocorp #3, only behind 2 others that are already listed on the NYSE!
http://www.northernminer.com/news/top-8-us-uranium-ree-juniors/1003798587/
To anyone waiting to get more concrete facts that Niocorp will be a big deal, don't wait too long, or you'll be betting on the 2:3 favorite! :)
The offtake agreement is HUGE!
Much like the carbonatite itself, the agreement is open in different "directions". Open in amount, duration, & more than likely, price!
Big lenders have to love that!
LM,
Traxys bought CMC a little over a year ago.
https://markets.businessinsider.com/news/stocks/commercial-metals-company-announces-completion-of-sale-of-cmc-cometals-division-1002300175
I wonder what the alloy is?
https://www.news.iastate.edu/news/2018/06/04/terahertzflashes
GLTA!!!