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CEO & Managing Director Letter to Shareholders 12/21/2022
https://americanrareearths.com.au/wp-content/uploads/2022/12/20221221-MD-Letter-to-shareholders.pdf
A year of achievement behind us, a year of results ahead of us
Dear Shareholder,
Triple-T: See page #500 Table 22-4: Processing Recovery Summary
June 2022 F.S. updated:
https://gx0d43.a2cdn1.secureserver.net/wp-content/uploads/NioCorp_June-2022_NI_43-101_Technical_Report.pdf
Current 2022 F.S. Overall Recovery Percentages: for Niobium =82.4%, For Titanium = 40.3% & for Scandium = 93.1%
The REE's should be running in tandem with the Scandium imho- guessing 90-93% REE's. I would also expect to see higher recovery rates for Niobium & Titanium as Scott Honan has stated "May" be possible. All T.B.D.
Chico
GO TEAM NIOCORP....!! Wow it posted.... =)
L3 Process Developments Federal Contract with the DoE & West Virginia University Research Corporation 2021
(Very Interesting DOTZ!")
A Fundamental Economic Assessment of Recovering Rare Earth Elements and Critical Minerals from Acid Mine Drainage Using a Network Sourcing Strategy
https://www.mdpi.com/search?authors=+L3+Process+Development&journal=minerals&volume=11&issue=11
Conclusion:
American Lithium Receives Approval to List on NASDAQ
https://www.miningstockeducation.com/2023/01/american-lithium-receives-approval-to-list-on-nasdaq/
Papa- I do understand your position & opinion. I too have been frustrated at times.
On average it takes 16 years to bring a U.S. mine to production. Out of all the other Top U.S. critical mineral projects- none are / or yet to be in a position of within 3-4 months to achieve an Equity finance “if” approved.
Recent govt actions & legislation may also yet bare fruit (DEBT ??) in addition to the German loan guarantee (which is still in effect) & other options t.b.d.
Each and every project I have listed has been on deck since 2010 or earlier.
Your main complaint is that our management is overpaid, it’s taking too long & you are unhappy with the current deal. I understand your position here!
I still believe in our team & that there is a path to production. I agree they need to execute this year 2023 on the 2020 AGM plan!
Respectfully
Chico
PAPA- Mr. John didn't list the ROUND TOP PROJECT OR NIOCORP on his list yet both are among the top 5 U.S. critical Mineral projects here in the U.S.~ (**Mr. John may be paid to promote the stocks listed Papa..."Show me your facts & ranking not just opinion please.") I had to laugh at some of those listed! The locations, timeframe to finance are lacking for some of those projects.... imho
PAPA- Take a peek at the Top 5 U.S. Rare Earth Mines & what the Competition is doing. COMPARE IT TO NIOCORP & LET ME KNOW WHICH U.S. based Critical Mineral Project or management team "YOU" like best???
Years End 2022 NIOCORP'S Competition DD: ~Where do the TOP 5 U.S. MINE PROJECTS stand years end 2022~
(Just a quick Summary & look see...)
Sharing My Ranking as follows. Form your own Opinions & Conclusions:
# 1) MP Materials-California (Standing in the #1 position as the LARGEST U.S. REE Mine currently in production!
Partnered with GM & is building a Separation Plant in Texas. Expects to generate additional @$250Million/year from Nd/Pr production once in operation 2023/4! (see attached)
https://www.metaltechnews.com/story/2022/04/27/tech-metals/texas-rare-earths-magnet-plant-coming/920.html
Mountain Pass - Currently one of the only Producers of REE materials with Chinese "Interests!":
Owner: MP Materials - JHL Capital Group, QVT Financial LP,
CHINA'S Shenghe Resources Holding Co. Ltd.(9.9%)
Deposit Type: Carbonatite with 10-15% Bastnäsite
Resource (5.0% TREO C/O): 16.7 Million mt (P & P)*
In-place TREO Grade: 8.0% (Highest grade in U.S.)
In-place TREO: 1.3 Million mt (83% La and Ce)
Annual Pr Oxide Output: 927 mt (15.4% of 2025 US demand)
Annual Nd Oxide Output: 2,511 mt (16.7% of 2025 US demand)
Annual Tb Oxide Output: Very small production in past
Annual Dy Oxide Output: Very small production in past
Comments: -
*****- Resource is likely much, much larger than current “reserves”
*****- Currently produces only REE concentrates which are all exported to China for processing to metal; plans to have U.S. based TEXAS plant & production in @2023/2024.
#2 NIOCORP'S Elk Creek Mine, Nebraska (NIOBF)- "Is Shovel Ready!" & IS LARGEST NIOBIUM & THE SECOND LARGEST PROVEN REE MINE PROJECT IN THE U.S.!
May 19, 2022 NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S.
https://www.niocorp.com/niocorps-elk-creek-project-confirmed-as-the-second-largest-indicated-or-better-rare-earth-resource-in-the-u-s/
Owner: NIOCORP/Elk Creek Resources (NIOBF)
Deposit Type: Carbonatite with Bastnäsite
Elk Creek Mineral Resource Update Results
According to the 2022 Feasibility Study, the Elk Creek Indicated Mineral Resource includes the following tonnages of contained metals, using a ≥US$180/tonne NSR cut-off that was calculated using solely the contained niobium, scandium, and titanium in the Mineral Resource:
*632.9 kt of TREO, including these individual rare earth oxides: **See Sedar Filing June 2022 F.S.
*26.9 kt of praseodymium, *98.9 kt of neodymium, *2.3 kt of terbium, *9.1 kt of dysprosium, *970.3 kt of niobium oxide, *11,337 tonnes (“t”) of scandium oxide, *4,221 kt of titanium oxide@ 1.7%- 2%+) PLUS NEW BYPRODUCTS CaCO3, MgCO3, Fe? T.B.D.
***NOTE NIOCORP is completing Final Demonstration Plant Operations & 2023 F.S. WILL Determine Final Yearly Critical Mineral Production output of the aforementioned ***Critical minerals. (Resource & Reserves could be much larger-USGS-)
The Elk Creek Project is highly de-risked on multiple levels & intends to produce over 750 TONS of REE OXIDES on site! "NOT CONCENTRATES"!
https://secureservercdn.net/198.71.233.156/gx0.d43.myftpupload.com/wp-content/uploads/NioCorp_Investor_Presentation.pdf
~It features the highest-grade primary Niobium resource in North America, and the only such resource under development in the U.S.
~It offers unique value in that it is expected to emerge as one of the world’s largest Scandium producers.
~All major federal permits have now been obtained.
~The Project enjoys strong local support in Nebraska.
~75% of the Project’s primary product – Ferroniobium — is already under contract over the first 10 years of production.
~Approximately 10% of the Project’s expected production of Scandium over the first 10 years of production has been placed under a commercial sales contract.
~In-principle eligibility from the German Government loan guarantee program has been secured.
~Plans to release market compliant Final F.S. estimate early 2023. (Possibility of generating $600 Million/year before OPEX)
~SPAC DEAL WITH GXII to secure @ $400 Million in Equity early 2023.
#3) Round Top Project, Texas (TMRC owning 20% stake)- Partnered with USA Rare Earths (80% stake) which has not secured a SPAC/Finance DEAL since 2021...
http://tmrcorp.com/_resources/presentations/corporate_presentation-20221024.pdf
NPV (10% Pre-Tax)(based upon current spot Mineral pricing)=$1.56 billion
IRR (Pre-Tax) 70%
Payback Period 1.4 years
Initial Life of Mine 20 years*
Average Annual Revenue $396 million-(***NOTE @$113 MILLION is generated from REE production!)
Round Top -"Is Shovel Ready looking to start production 2023/4"
Owner: Texas Mineral Resources w/ USA Rare Earths Earn-In (OTCQB:TMRC)
Deposit Type: Tertiary peralkaline rhyolite intrusion
Resource: 364 Million mt (M & I)*
In-place Pr Grade: 10.3 ppm (crustal abundance 7.1 ppm)
In-place Nd Grade: 27.9 ppm (crustal abundance 26.0 ppm)
In-place Tb Grade: 3.5 ppm (crustal abundance 0.06 ppm)
In-place Dy Grade: 33.3 ppm (crustal abundance 3.5 ppm)
Annual Mine Production: 7.3 Million mt TPY (20,000 TPD leach feed)
Annual Pr Oxide Output: 70 mt (0.4% of 2025 US demand)
Annual Nd Oxide Output: 182 mt (0.4% of 2025 US demand)
Annual Tb Oxide Output: 24 mt (4.0% of 2025 US demand)
Annual Dy Oxide Output: 207 mt (7.4% of 2025 US demand)
- Advanced Project located in Texas, U.S. has low REE grades in abundance
~Partnered with USA Rare Earth owning 80% stake & pursuing mine to magnet strategy. Has NOT SECURED SPAC/FINAINCING to date!
- Projected as a multi-industrial minerals/metals and commodity
chemicals manufacturer, with REEs as by-products
- PEA (2019) claims project will produce 20 products: Y, Pr, Nd, Sm, Tb, Dy, Lu, Sc and Ga Oxides; Be Hydroxide; U3O8, Li Carbonate; Al, Fe, Mg, Mn and K Sulfates
**NOTE-WORTHY: June 2022 ~USA Rare Earth to invest $100+ million in first-of-its-kind rare earth metal and magnet manufacturing facility~
https://www.mcafeetaft.com/usa-rare-earth-to-invest-100-million-in-first-of-its-kind-rare-earth-metal-and-magnet-manufacturing-facility/
Sept. 2022 ~ReElement Technologies, USA Rare Earth Magnets sign offtake MOU
https://www.usare.com/post/american-resources-corporation-s-reelement-technologies-and-usa-rare-earth-magnets-sign-mou
#4) BEAR LODGE RESOURCE WYOMING (REEMF): Plans to generate @$330 Million/year from REE production
https://www.rareelementresources.com/docs/default-source/pdfs/rer-corporate-presentation_june-2021.pdf?sfvrsn=2
http://www.rareelementresources.com/App_Themes/NI43-101PreFeasibilityStudyReport/HTML/files/assets/basic-html/index.html#562
Table 25.2 - Bear Lodge Financial Summary
(US$ Million)Pre-tax / After-tax NPV @ 10%
Discount Rate $426 /$330
Pre-tax / After-tax IRR 32.7% / 28.6%
Project Payback After Start-up (years)2.9
Assumed Discounted RE basket price/kg$24.60 (MIXED CONCENTRATES NOT OXIDES
Estimated Annual Cash Operating Cost,LOM (US$ millions)$102.6
Bear Lodge- "Pilot plant testing/needs permits, gaining fast"
Owner: Rare Element Resources (REEMF:OTC) and General Atomics
Deposit Type: Carbonatite with Bastnäsite
Resource (1.5% TREO c/o): 16.2 Million mt (M & Ind)*
In-place TREO Grade: 8.0%
In-place TREO: 1.3 Million mt
Annual TREO Production: 20,000 mt
Annual Pr Oxide Output: 1,200 mt ( 7.5% of 2025 US demand)
Annual Nd Oxide Output: 4,500 mt (11.3% of 2025 US demand)
Annual Tb Oxide Output: 30 mt ( 4.9% of 2025 US demand)
Annual Dy Oxide Output: 90 mt ( 3.2% of 2025 US demand)
Comments: - Additional inferred resource of 41 Million mt
- An advanced, partnered project located in Wyoming, U.S.
- Entering pilot plant phase with major partner General Atomic
Sept. 2022~ Rare Element Resources Progresses Rare Earth Processing and Separation Demonstration Project in Wyoming~
http://www.rareelementresources.com/investor-information/overview/2022/09/26/rare-element-resources-progresses-rare-earth-processing-and-separation-demonstration-project-in-wyoming#.Y5xybFHMK3A
A giant step closer to REE’s… a few more weeks & the team should be able to announce final separation & disclose some numbers.
Appreciate the update from the team! Very positive update imho moving forward.
Chico
NioCorp Rare Earth Demonstration Plant Showing Positive Rare Earth Recovery Results
https://www.prnewswire.com/news-releases/niocorp-rare-earth-demonstration-plant-showing-positive-rare-earth-recovery-results-301713006.html
The senate also shows the same I agree! I went to that site as well just posted the shorter link. Thank you for confirming info Nebraskan!
Chico
The timeline is interesting… We may not know if something changed as 2018-2019 the team was “close” to something at that time?
Covid late 2020 to 2021 leads us to where Niocorp now stands. 2023 brings with it a path to an Equity finance, REE results , a final feasibility study & a suspicion the U.S. Govt’s recent actions may finally bear some fruit?
All T.B.D. Pending finance …
I’ve posted it takes approx 16 years to bring a U.S. mining project to production. Niocorp is sitting in a very “sweet” position. 2010 -2026 production does check that box…
Dots… lol
Front row seats with you all..
Chico
PM- Tim Yehl, LLC Lobbied for Niocorp https://projects.propublica.org/represent/lobbying/300925664
Issues concerning the use of domestically mined and processed super alloy metals in the construction of infrastructure projects such as bridges and the utilization of theses metals in military applications, NDAA FY 18
Duration: April 1, 2017 to December 31, 2019
Agencies lobbied since 2017: U.S. Senate, House of Representatives, Defense Logistics Agency, U.S. Geological Survey (USGS)
(PM-Notice "National Defense ACT 2018" & the timeframe to positive legislation finally passing 2022 in favor of critical minerals & favorable to Niocorp; including the very recent NDA 2023. See Jims responses I posted... ) IMHO- The Gears appear to be turning.
I cannot find anyone else "officially" on record. Crit did post Jim Sims report before Congress.
Hey Dutch! Happy New Year to you & the misses!
Keeping my front row seats with you and many here!
:) Godspeed Team Niocorp! 2023
Chico
T&T- ***Please avail me of your opinion & D.D. on which U.S. Critical Mineral Project below is worthy of your investment? Which management team do you like?
Take a peek at TMRC's Round Top Project News site.
http://tmrcorp.com/news/press_releases/
REEMF's Bear Lodge News site: http://www.rareelementresources.com/bear-lodge-project#.Y7RIndXMK3A
UCORE- https://ucore.com/news/
NIOCORP-https://www.niocorp.com/newsroom/news-releases/
& ARRNF- https://americanrareearths.com.au/news-and-press-releases/
Have all posted relevant & up to date News & Material News!
IMHO: Your Critiques of the Elk Creek Project & management are noted. I do not share in them.
Any Investor doesn't really need a "Blog" when GOOD MANAGEMENT TEAMS post ALL MATERIAL NEWS AS IT BECOMES AVAILABLE ON EACH PROJECTS WEBSITE IN A TIMELY FASHION!
The U.S. has some excellent Critical Mineral projects. There are even some excellent projects outside of the U.S. but many of them are facing an uphill battle towards finance, permitting etc...
Heck even the ol' Sunrise Project in Australia (Which is an excellent project!) is still pounding sand$$ mate!
Waiting for your D.D.
Chico
ALL -1/1/2023 -Repository’s range of ‘puzzle pieces’ explain Nebraska’s geologic past
https://starherald.com/agriculture/repository-s-range-of-puzzle-pieces-explain-nebraska-s-geologic-past/article_bb6e9eca-887c-11ed-9b84-47bca3b888b3.html
ALL- Sharing responses to questions on 2023 NDA passage 1/2/2023:
Given the passing of the NDA 2023 into Law. It brings up an ideal time to circle back & ask for an update on the following questions for early 2023!
https://www.defense.gov/News/News-Stories/Article/Article/3252968/biden-signs-national-defense-authorization-act-into-law/
Within this topline, the legislation authorizes $816.7 billion for the Department of
Defense (DOD) and $30.3 billion for national security programs within the Department of Energy (DOE).
Thanks Crit! Jim & the Niocorp team have been in communication & holding discussions with govt. entities for quite some time now. Great listen if someone hasn’t done so. (Appreciate you posting link!)
I fired off a few questions given the recent 2023 NDA was approved. I will post any replies.
Wasn’t a Mr. “Hindemen?” (sorry if I butchered his name I don’t remember exactly) doing some work early on too??
Chico
Scott Honan is listed for NioCorp 7000 South Yosemite, Suite 115, Centennial, CO 80112
Honan, Scott 7000 South Yosemite, Suite 115, Centennial, CO 80112 (720)639-4647
https://nebraskalegislature.gov/FloorDocs/Current/PDF/Lobby/principallist.pdf
https://nebraskalegislature.gov/reports/lobby.php
HONAN, SCOTT
https://nebraskalegislature.gov/FloorDocs/Current/PDF/Lobby/expense_by_lobbyist.pdf
NioCorp
1 04/15/2022 0.00
2 07/06/2022 0.00
3 10/06/2022 - $361.29 Total
Facts Above:
Imho:
Jim Sims & a past Lt. Gov. I believe have also been available at times reporting to the U.S. Congress & on a state NE level in the past "IF I remember correctly".....
Chico
Crit- I agree! This article sums it up nicely-
Congress wants to double rare earth mineral fund to free defense supply chain from China
https://www.defensenews.com/congress/2022/06/17/congress-wants-to-double-rare-earth-mineral-fund-to-free-defense-supply-chain-from-china/
Summary of the Fiscal Year 2023 National Defense Authorization Act
https://www.armed-services.senate.gov/imo/media/doc/fy23_ndaa_agreement_summary.pdf
Dec. 23, 2022 : Biden Signs National Defense Authorization Act Into Law
https://www.defense.gov/News/News-Stories/Article/Article/3252968/biden-signs-national-defense-authorization-act-into-law/
FY 2023 DEFENSE FUNDING LEVELS
Richard- I didn't expect an answer! =) That dude really doesn't bring anything to the table in the short time he has been posting imho. "IF" I didn't like what our team is doing or how long it has taken I doubt I would still be here myself. (Frustrated at times sure... We all could see the need way back when. Some here have been holding a looong time...)
Speaking for me- I See a path forward with some interesting "Dotz" that are starting to come together. I've read & posted articles stating it takes almost 16yrs to bring a U.S. Mine Project to production. (Niocorp 2010 to 2026 hmm....) From Drilling, Permitting, PEA, F.S. though to Construction.~
Front row seats with you & many others waiting to see a ~Elk Creek Nebraska BOOM in 2023 too!~
Blessings to all
Chico
Enlighten me T&T- which of the 5 -6 Top U.S. Critical Mineral mine prospect projects & management teams would you recommend? & why? How would you rank them?
(I.e. Bear Loge, Bokan, La Paz/HallekCreek, Niocorp, Round Top..)
As you have only recently started posting on this board. Your motives are questionable….
Your opinions are welcome, but you name calling is not!
Yeesh even the Aussie “Sunrise” project is still pounding sand… & not financed… imagine that!
Chico
Lard: attached info on DoE/LPO Loan Guarantee these may help & add to your final opinion.
Policies and Procedures for Loan Guarantees for Projects That Employ Innovative Technologies and for Direct Loans Under the Advanced Technology Vehicles Manufacturing Program
https://www.federalregister.gov/documents/2021/01/15/2020-29278/policies-and-procedures-for-loan-guarantees-for-projects-that-employ-innovative-technologies-and-for
MS008- Wonderful Sequence! Quite a lot of pent up "Material News" headed our way in 2023.
There is a path forward again...
U.S. Treasury Dept 12/29/22: Releases Proposed Guidance on Critical Mineral and Battery Component Value Calculations for the New Clean Vehicle Credit
https://home.treasury.gov/system/files/136/30DWhite-Paper.pdf
Treasury and the IRS provide its first set of proposed guidance and a white paper on the clean vehicle credit
https://www.insideenergyandenvironment.com/2022/12/treasury-and-the-irs-provide-its-first-set-of-proposed-guidance-and-a-white-paper-on-the-clean-vehicle-credit/
Critical Minerals Requirement
12/27/2022 ~Financiers, end-users press for ESG mine ratings as critical minerals demand grows~
https://www.hellenicshippingnews.com/financiers-end-users-press-for-esg-mine-ratings-as-critical-minerals-demand-grows/
Dec. 21, 2022 ~Navy Force Structure and Shipbuilding Plans:~
Background and Issues for Congress
https://sgp.fas.org/crs/weapons/RL32665.pdf
Lol NorCal! I get folks being frustrated by the time it is taking & being unhappy with a R.S. Or criticizing the management once & a while…
No one has yet to argue the merits of U.S. based competitors to the Elk Creek Project or (my ranking it) the 2nd Best U.S. critical mineral/REE mine project (behind MP materials) - ***A Project holding all major permits that is poised to obtain an Equity finance pending GXii Spac approval. ???
Yup - “. Crickets”…
Maybe others love TMRC’s management better or REEMF’s team keeping their investors apprised of material news…? Or Ucore’s Bokan mountain project?? Which ones have Feasibility Studies? Or When they will finish up their demo- testing???
Gee Crit we’re still waiting on Niocorp’s- Demo results “Yeesh!…” lol
NorCal- I even took a peek at the ol’ Sunrise project down under… seems they are still waiting$$$ too…
Waiting with many..
Chico
Thanks Antler! Looking forward to reading the article. Plenty of material news coming in the weeks ahead.
Antler - Appreciate all the local board posters like yourself keeping us in the loop of the ongoing “happenings” at the site!
Chico
NIOCORP ~ Aerospace Critical Minerals ~
https://www.niocorp.com/resource-center/aerospace-critical-minerals/
Of Chinese Behemoths: What China’s Rare Earths Dominance Means for the US Dec. 19th 2022
https://www.bakerinstitute.org/research/chinese-behemoths-what-chinas-rare-earths-dominance-means-us
I agree Stark (Either they couldn't, entity/s backed out, or entity/s wanted to add REE's since the value increased?? or possibly a few other scenarios occurred. Believe me I thought we were "Close in 2020". At times I have been frustrated like many! but I see a path forward now... (I always posted & thought 2025 for first production & that will not happen. Yet 2026 is doable.... T/B/D/ I want to See what the 2023 F.S. states & the schedule submitted looks like!)
***The team has to execute & develop that 2020 AGM plan. Sign EPC contractors to start "Critical Path" work & (Break -ground). I believe in our team & in the project, but it's Yoda's- "Do or DO NOT TIME!" in 2023...to 2026 production (my hunch)
Some "Interesting" tid bits:
a) The 1.7 Trillion omnibus package has passed! This FUNDS some of the STUFF Congress approved that might work to Niocorp's advantage.
b)Romney, Sullivan Introduce Bill to Secure U.S. Critical Mineral
(Some Interesting Critical Mineral Legislation Continues to be brought forth. "IF" anything comes of it .... ???)
https://www.romney.senate.gov/romney-sullivan-introduce-bill-to-secure-u-s-critical-mineral/
c) I remind myself that even IF the team secures Equity & the GXII Deal is approved. The Debt portion needs to be completed to sign the EPC contractors so critical path work can begin.
Please see Jim's responses 6/17/2021-
(Jim...Private funding methods have been the primary target however, ... can you offer any comment to the following questions.)
a) Does/Can Niocorp qualify for a U.S. govt. (DOE/DOD) Loan, or Loan Guarantee as described above or similar ?
Papa- Which of the following 5 U.S. Rare Earth Mine projects & Management teams do you like the most? How would you Rank each project in the order You think they will be financed & producing?? I have read your comments & understand "Some of your frustrations". I would like to know which projects & management teams you like?
Here is my ranked list. I have included MP materials in the #1 position because it is the only producing mine here in the U.S.
My Ranking is as follows. What is yours Papa?"
# 1) MP Materials-California (Standing in the #1 position as the LARGEST U.S. REE Mine currently in production!
Partnered with GM & is building a Separation Plant in Texas. Expects to generate additional @$250Million/year from Nd/Pr U.S. production once in operation 2023/4! (see attached)
https://www.metaltechnews.com/story/2022/04/27/tech-metals/texas-rare-earths-magnet-plant-coming/920.html
Mountain Pass - Currently one of the only Producers of REE materials with Chinese "Interests!":
Owner: MP Materials - JHL Capital Group, QVT Financial LP,
CHINA'S Shenghe Resources Holding Co. Ltd.(9.9%)
Deposit Type: Carbonatite with 10-15% Bastnäsite
(Resource & Reserves could be much larger-USGS-)
#2 NIOCORP'S Elk Creek Mine, Nebraska (NIOBF)- "Is Shovel Ready!" & IS LARGEST NIOBIUM & THE SECOND LARGEST PROVEN REE MINE PROJECT IN THE U.S.!
May 19, 2022 NioCorp’s Elk Creek Project Confirmed as the Second Largest Indicated-Or-Better Rare Earth Resource in the U.S.
https://www.niocorp.com/niocorps-elk-creek-project-confirmed-as-the-second-largest-indicated-or-better-rare-earth-resource-in-the-u-s/
Owner: NIOCORP/Elk Creek Resources (NIOBF)
Deposit Type: Carbonatite with Bastnäsite
***NOTE NIOCORP is completing Final Demonstration Plant Operations & 2023 F.S. WILL Determine Final Yearly Critical Mineral Production output of the aforementioned ***Critical minerals. (Resource & Reserves could be much larger-USGS-)
The Elk Creek Project is highly de-risked on multiple levels & intends to produce over 750 TONS of REE OXIDES on site! "NOT CONCENTRATES"!
https://secureservercdn.net/198.71.233.156/gx0.d43.myftpupload.com/wp-content/uploads/NioCorp_Investor_Presentation.pdf
~It features the highest-grade primary Niobium resource in North America, and the only such resource under development in the U.S.
~It offers unique value in that it is expected to emerge as one of the world’s largest Scandium producers. 10% Off-Take agreement with Traxys is in place.
~All major federal permits have now been obtained.
~The Project enjoys strong local support in Nebraska.
~75% of the Project’s primary product – Ferroniobium — is already under contract over the first 10 years of production.
~Approximately 10% of the Project’s expected production of Scandium over the first 10 years of production has been placed under a commercial sales contract.
~In-principle eligibility from the German Government loan guarantee program has been secured.
~Completed & amended June 2022 F.S. adding Market Compliant REE Ni-43-101 Resource report with Pounds in the Ground!
~Plans to release market compliant Final F.S. estimate early 2023. (Possibility of generating $600 Million/year before OPEX)
~SPAC DEAL WITH GXII to secure @ $400 Million in Equity is expected to be affirmed early 2023.
#3) Round Top Project, Texas (TMRC owning 20% stake)- Partnered with USA Rare Earths (80% stake) which has not secured a SPAC/Finance DEAL since 2021...
http://tmrcorp.com/_resources/presentations/corporate_presentation-20221024.pdf
NPV (10% Pre-Tax)(based upon current spot Mineral pricing)=$1.56 billion
IRR (Pre-Tax) 70%
Payback Period 1.4 years
Initial Life of Mine 20 years*
Average Annual Revenue $396 million-(***NOTE @$113 MILLION is generated from REE production!)- Advanced Project located in Texas, U.S. has low REE grades in abundance
~Partnered with USA Rare Earth owning 80% stake & pursuing mine to magnet strategy. Has NOT SECURED SPAC/FINAINCING to date!
- Projected as a multi-industrial minerals/metals and commodity
chemicals manufacturer, with REEs as by-products
- PEA (2019) claims project will produce 20 products: Y, Pr, Nd, Sm, Tb, Dy, Lu, Sc and Ga Oxides; Be Hydroxide; U3O8, Li Carbonate; Al, Fe, Mg, Mn and K Sulfates
**NOTE-WORTHY: June 2022 ~USA Rare Earth to invest $100+ million in first-of-its-kind rare earth metal and magnet manufacturing facility~
https://www.mcafeetaft.com/usa-rare-earth-to-invest-100-million-in-first-of-its-kind-rare-earth-metal-and-magnet-manufacturing-facility/
Sept. 2022 ~ReElement Technologies, USA Rare Earth Magnets sign offtake MOU
https://www.usare.com/post/american-resources-corporation-s-reelement-technologies-and-usa-rare-earth-magnets-sign-mou
#4) BEAR LODGE RESOURCE WYOMING (REEMF): Plans to generate @$330 Million/year from REE production
https://www.rareelementresources.com/docs/default-source/pdfs/rer-corporate-presentation_june-2021.pdf?sfvrsn=2
http://www.rareelementresources.com/App_Themes/NI43-101PreFeasibilityStudyReport/HTML/files/assets/basic-html/index.html#562
Table 25.2 - Bear Lodge Financial Summary
(US$ Million)Pre-tax / After-tax NPV @ 10%
Discount Rate $426 /$330
Pre-tax / After-tax IRR 32.7% / 28.6%
Project Payback After Start-up (years)2.9
~Assumed Discounted RE basket price/kg$24.60 (MIXED CONCENTRATES NOT OXIDES
~PROJECT LACKS & NEEDS ALL MAJOR PERMITS)
Owner: Rare Element Resources (REEMF:OTC) and General Atomics owning 50%
Deposit Type: Carbonatite with Bastnäsite
~An advanced, partnered project located in Wyoming, U.S.
~Entering pilot plant phase with major partner General Atomic owning 50%
Sept. 2022~ Rare Element Resources Progresses Rare Earth Processing and Separation Demonstration Project in Wyoming~
http://www.rareelementresources.com/investor-information/overview/2022/09/26/rare-element-resources-progresses-rare-earth-processing-and-separation-demonstration-project-in-wyoming#.Y5xybFHMK3A
Well said Dutch!! Merry Xmas & a Joyous New Year 2023 to you & the misses!! eom
GE- My speculations are based on the market Cap valuations as follows: (Please note: I can be overly optimistic at times! & WRONG too! The Following are strictly My GUESSES & conservative hopes for future share prices!)
a) GXII Deal is approved Equity secured & up listing to NASDAQ early 2023-
Market Cap valuation est. $1Billion value /70,000,000 shares = my best guess @$14 to $15/share (**Could it spike higher/lower..+/-. Given R.S. & the deal's Strike price is 10$ to start off** "Sure it could..")
b) As Off-take agreements are announced with major players.(*** Debt package is secured & EPC contractors are signed Spring Ground-breaking so "ALL Critical Path" work can begin!!!). Hydrology work & Shaft freezing (**which per the 2020 AGM Scott stated 6-8 months are needed late 2023-early 2024 my schedule)
Market Cap valuation will increase to $2B/ 70,000,000 shares = @$24 to $31/ share. (AS THE MINE IS UNDER CONSTRUCTION to Production 2024-2026)
***NOTE: I would guess/speculate the New 2023 F.S. will prove out a $3B NPV T.B.D. but market will not recognize full valuation until the mine is producing. Then we goto-
c) 2026 Mine is Proving out Production & once in full tilt-@2027(our 38 years plus generational mine will see $3B++ Market cap valuation/ 70,000,000 = $41 to $50/share
***NOTE: Could we see a $5B valuation or higher valuation not unlike MP materials. Similar to what Max & others have stated (& I agree!!!)~ "Absolutely GE! ~Then it gets fun indeed!!!~
$5B/ 70,000,000 = $50 - $76 -$100 .....
***The downsides are increases in outstanding shares over time, market conditions, the team executing the plan etc... hence my conservative estimates/speculations of $24 -$31/share ( I can see $41 -$50 though ....! & would love to be WRONG!!! as $100 is fine with me! lol
GE/ ALL - Please form your own opinions & conclusions! ALWAYS!!
GE - I am just a lil retail dude & shareholder (Most likely a lot like you & some others here.) with a lot riding on my small investment here. I believe in our TEAM & the Project, yet I BUG Jim & Scott often =)! ~I believe our team "CAN" Separate REE's at Scale along with all the other "goodies". I can (Once Again) see a path forward to Debt/Equity Finance & Construction now, where it once was up in the AIR or "Close"! ~
Our team has to execute their plan (2020-AGM) in the new year 2023. I'll be watching/looking for Scott's Schedule/Plan once the New 2023 F.S. is announced & Presentation! (With a little re-engineering of the above ground workings to meet the new process & also a 2026 Production end date!
Front Row seats with many.
Wishing all a very Merry Christmas & Prosperous New Year! 2023
Chico
Hey NorCal! Waiting with you and many others to see how the next year 2023 progresses.
The Christmas Card from Niocorp had a nice construction hard hat 2023. Not gonna read anything more into it as the Crane carrying REEs (although lbs in the ground are proven) the Separation via Demo is still hanging.
Niocorp has been crawling under @$1 ish for a long time! Hoping it will walk to $2/$24 - $3/$31 before it runs to $50+++ in the next 4 years. However it gets there (Next week, next month,2023 to 2026 is fine with me! Lol (Just get there yeesh! Huh..) I can see a path Pending Finance & I believe our team will get us there.
Merry xmas & Happy Holidays to you my friend!
Chico
LM- The share price never hit 2$ in 10 years! & You are still holding shares bro. Even IF GXII approves the merge/deal the value books at 10$/share or 1$ today? (Could it go higher... I would think so. ("When/timing? your guess is as good as mine?)
Knowing:
~Rough build out time to production 42 months~ It's a long time with nothing of value coming out of the ground mate. Our team will have Off-takes & Good news to share during that time, but I would also expect some games to be played as others have suggested might happen. (The Scandium pricing will always be held in contempt until it is proven as fact.)
These are risks we have all known about. Yet many here (including myself) believe in our Team, the Project & it's eventual future success!
I would Hope by 2026 when Niocorp is producing all investors (Large & Small) will reap $50 or more/share! First comes a conservative- 10$, $24, & $31... along the way.
(Pending Debt/equity Finance to sign EPC contractors.... T.B.D.)
Keeping my front row seats with many...
Believe me LM! "I would love to see $100!!! =)"
Happy Holidays my friend!
Chico
Hey Ge! I was always speculating & posted 2-$3/share & thinking 2025 production date & about 500 +plus million shares needed. (Covid pushed back everything 1 yr. )
All the recent events “IF” they play out 10:1 reverse split & GXII approval would keep that speculation range at $24 to $31 guess.
IF and when Niocorp proves out REE separation & adds those economics & CAPEX/Opex savings in a market compliant 2023 F.S. (Grunts numbers @ 750 tons/ year REE as Scott stated look very reasonable)
Within a 2026 production date I have agreed with Max & others the $50/ share & @600M earnings/yr is within reach.
I continue to see a path to production, but our team has to execute in 2023 and break ground. Scott has stated during the 2020 AGM it would take 6-8 months just to complete the hydrology & ground freezing for the shafts then it’s easily 36 months to build out. The underground work isn’t effected but the above ground will need to be re-engineered to a certain degree for the new process once proven. Can they complete the debt/equity finance needed to sign EPC contractors? I think so & I see a path forward.
“IF” Niocorp executes and is in production @2026. 100$/share would be awesome, but show me $2/$24 -$3/$31 -$50 first.
Form your own opinions & conclusions.
GE- what is your opinion? & thoughts??
.72/share… doesn’t cut it. Yeesh..
2023 we will know the story. Holding my front row seats for spring training 2023!
Chico
I believe so Nelson! Look for them to spin off the Uranium asset into it's own entity & current shareholders will acquire shares in that Co. maybe 6:1 ratio? T.B.D. As Falchani & TLC projects go through revised PEA's & into F.S. in 2023, they also may be up for grabs.
Returning to highs of ,3$ to $4 range is not out of the question in 2023.
Peru court case & ongoing political turmoil has been holding this back some, but this is still undervalued IMHO... 7$ by years end would be sweet! See how it goes....
Chico
Thanks Brian! Niocorp's Elk Creek Deposit being the largest U.S. deposit of Niobium & as Titanium is gaining traction fast due to world events. It is not hard to imagine with the recent passing of "Certain recent Legislation" plus Congress passing the 1.7Trillion Bill later today (T.B.D.)... ALL - May hold some bearing on several interesting DOTZ yet to be concluded?
I was over optimistic on the CO2 carbon capture. (Yet Team Niocorp can indeed sequester CO2 & are only held back by cleaner energy alternatives/options.) I still cannot rule out some U.S. govt. "DEBT" loan guarantee or "Cheese" yet, & one cannot deny that it just make absolute sense for the DoD/Pentagon & several other entities to be lining up for what the Elk Creek Mine will produce once operational. ~(HOME GROWN -Niobium, Scandium, Titanium & REE's Oh My!)~
Keeping my front row seats with many even with a 10:1 reverse split. I can see $24 to $31/share price once in production, & I agree with MAX that $50/share is not out of the question. ($100/share might be a little overly optimistic by some folks on that end, but I will gladly accept those "Apples!" if delivered..)
2023 break ground -2026 Production?? GO Team NIOCORP/L3 there is a path!
Chico