WRONG! Scott states at 52:00 on the video that a “drilling program is required”! Scott continues to state that the drilling program will take approximately 3 months and the engineering study that’s required will take approximately 9 months.

What is so hard to understand? Stop trying to gaslight people

Two years ago, before the GXII SPAC deal, this news would have propelled the share price. The damage caused by that awful deal cuts pretty deep. I wish we could go back 2 years and have never heard of GXII, Dean Kehler or Michael Maselli.

Mark believed and convinced shareholders to believe in them. Two years later we find ourselves at decade lows and nearly double dilution. Why are they still on the BOD?!?!?

That’s wonderful to hear. It sure would be nice if these government agencies would actually follow up with what they say. Tick Tock……10 years and counting

Agriculture and mining are the bread basket of every industrialized nation. Without agriculture, you have a starving nation without clothing. Without mining, you have a nation without the raw materials needed to build infrastructure, homes, and other structures. These materials include metals, minerals, and fuels that are used in everything from toothpaste to lightbulbs to cars.

Unfortunately, China has been gaining more and more control of our agriculture and they control nearly all our critical minerals.

It’s time for the US government to stop saying they’re going to support domestic mining, but turn around and invest in mining abroad. It’s a serious threat to our rational security.

“American students shun mining, which they view as outdated and environmentally destructive. In contrast, the China University of Mining and Technology alone enrolls more mining engineering students than all U.S. universities combined.”

https://fortune.com/2024/09/24/mining-evolved-us-china-critical-minerals-trade-tech-minerals/

Wow! Soooooooo you’re saying financing is imminent? 🫠

Wow! Soooooooo you’re saying financing is imminent? 🫠

We have heard all these amazing “forward (misleading) looking statements” for a decade now. We have had two feasibility studies at the cost of tens of millions of dollars, but we find out those feasibility studies are not good enough attract financing. Further drilling is now required 🫠

I’ve become desensitized by Mark Smith’s projections. It’s been over a decade of this crap.

The US government has been talking about doing something about China’s monopoly on rare earths since China pulled their crap back in 2011. It’s ridiculous how these damn politicians do nothing except talk about doing something, but never do anything!!!

https://www.ft.com/content/2984ae03-df15-420b-89cc-9ad8337014a9

Nice, looks like EXIM is handing out letters of interest like the people in Las Vegas handing out escort cards on the strip.

They get us in the door and then upcharge us. Oh, you need to pay $10-15 million to do additional drilling before you can go any further before we can close on this transaction.

The EXIM loan and the Stellantis deal have proven to be another joke on shareholders. Just like the GXII deal, Mark screws us again, but we want to believe he’s an honest man.

Mark lent the money and used the resource (ore body and land) as collateral to pay their wages and bonuses.

Can you imagine going into Nebraska and getting overwhelming support for your project, collecting millions upon millions from those local supporters. Then turn around and take away 90% of their equity (1 for 10 reverse split) in the company and giving up 30% of the company to some people who sacrificed NOTHING. Mark Smith and his crew, WTF!!!

Remember when Mark Smith was going to put out a monthly blog posting? Yeah, I believe there was one posting and then it stopped. They talk a big game, but constantly fall short of following through

We’ve had a ton of wonderful, encouraging articles. Yet here we are sitting at 16 cents and all we had to do was give up 30% of the company for nothing in return except two deadbeats on the BOD.

I am very hopeful that this project is successful, but Mark Smith has damaged his credibility so much that it will be difficult for him to recover. My hope is we get a reasonable buyout.

FYI: Still doing some bridge work:

NE 50 in both directions: Road maintenance operations.

Updated Yesterday at 2:59 PM CDT by CARS5

Between NE 4 and Clay Street (Tecumseh). Road maintenance work is in progress. A lane is closed intermittently. A pilot car is in operation. Look out for flaggers. Look out for temporary traffic lights. Width limit 12'0". Until September 30, 2024 at about 5:00PM CDT.
Comment: June 19 on N-50 south of Tecumseh, from reference post 20.02 to reference post 32.03, according to the Nebraska Department of Transportation. Constructors, Inc. of Lincoln is the contractor for this project. Work includes concrete repairs, asphalt overlay, new guardrail, grading, culverts and bridge deck repairs. The work is necessary for maintaining the safety and integrity of the road, addressing damage or wear to the pavement, and preventing further damage. Traffic will be maintained with a pilot car and flaggers, with temporary traffic signals in place at bridge locations. A 14-foot width restriction will be in effect. Anticipated completion is fall 2024

It’s rather disgusting how Mark Smith and his team have completely avoided and ignored the local investors since they had their three town halls nearly two years ago. They convinced shareholders to vote for the merger and reverse split. Since then, they have lost over 80% of their investment and the company gave up 30% equity to the GXII for nothing in return.

If they had a shred of integrity left, they would engage with the local investors instead of avoiding them.

Shock!!!! They missed another deadline 🫠

Really hope Mark and his dream team get a town hall meeting together for all the local investors soon. I would love to see him bring Dean Kehler along with him again.

They need to explain why the SPAC deal was structured so poorly. Why Dean Kehler and his crew walked away with 30% of the company without providing a single cent in net equity for the company. Why Dean Kehler and Michael Masseli remain on the board of directors.

We would have NEVER been at .17 if Mark had never gotten us involved with those people from GXII and we wouldn’t have given up so much equity in the company for NOTHING! Mark Smith has proven himself time and time again that he’s an awful businessman. I thought this project was his chance of redemption, but he just keep getting worse.

The outcome would not have made any difference without those clowns. I believed in Mark Smith and his team. I was leery of the GXII team after looking into their history, but I wanted to believe the best in everyone.

Needless to say, I made an awful assessment about everything. I am hoping Mark Smith will be able to make things right with the initial investors who helped him all these years. We will never see the gains we expected to see, but a 5-10x on investment after a decade would be better than a loss of 50-80%

Mark Smith, Jim Sims and Scott Honan have made us suffer for a decade now. LCP can not inflict any more suffering than they have.

LCP is not responsible for the reduction of long term shareholders shares to 1/10th of what they held. LCP is not responsible for the disastrous SPAC deal with GXII. LCP is not responsible for the loss of hundreds of millions of market capitalization. LCP is not responsible for giving the scoundrels of GXIII 30% of the company for absolutely nothing in return!

No, Mark Smith, Jim Sims and Scott Honan bear that responsibility. Remember, Mark Smith never fails to disappoint. Shareholders need to hold those accountable for their failures and demand accountability.

If the money was going to pay mine and my buddies salary? Add 10% interest and 2.5% fee for every time I pulled from it? If I didn’t believe in the project, I’m going to want some collateral…..lol.

Our great leader, Mark Smith, is clearly not feeling that confident.

Definitely not a good look. Mark must be working on that competitive tension between lenders.

Remember that time when Niocorp management spent millions of dollars and a decade on bankable feasibility studies that turned out not to be bankable. Then they teamed up with some scoundrels from NYC to get on NASDAQ. Then the deal cost investor’s millions of dollars to close, hundreds of millions in market cap loss, and were left with 1/10th the original shares we held while the scoundrels ended up with 30% of the company. Yeah, that was AWESOME!

Go ahead and FACT CHECK that!

Time has been running for over a decade. Dilution and toxic financing has reduced the original investor’s equity in the company to a mere fraction of what we had.

It’s disgusting how Jim Sims keeps responding with the same canned responses to investor’s concerns.

Ver good? Very positive? It’s literally the same BS that Sims has spewed for years. There’s absolutely nothing new to any of Jim’s responses.

One thing is for certain, Mark and his team are very good and making very bad business deals. If the deal doesn’t consist of a high interest rate with massive dilution, they won’t fool with it. Mark Smith never fails to disappoint.

That company has a market cap greater than 8X ours with institutional ownership greater than 67% compared to Niocorp’s mere 6%. Why are institutional investors avoiding Niocorp? Where is the competitive tension with lenders? Why does Niocorp management continue to use toxic lending that drops the share price to keep the lights on?

It’s going to be well over a billion with the inflation over the past 4 years. There are no other her financing opportunities. The competitive tension between lenders was clearly BS. The company has been surviving on convertible loans that have destroyed the market cap and share price. Mark has made fools of all the long term shareholders that kept this company afloat for the past decade. I’m mad as hell about the incompetence and the smoke and mirrors game they’ve pulled the past decade

There is no connection. They would have been a better investment than Niocorp. It’s hard to take Niocorp management seriously anymore. They have talked shit for a decade and they don’t even have a viable feasibility study at this point. More drilling is needed and no one is coming up with the money. It’s been nearly two years since those assholes held a town hall with investors in Nebraska.

To be fair, Niocorp has not met and of the analysts projections and makes H.C. Wainwright look like fools

So cool, thought you were supposed to be here for the ground breaking years ago. You’re a fraud, just like your friends in Centennial, CO

Seriously, they brought in “new staff” that are incompetent and that why we lost over $300 million (80%) in market cap?!?! Derp! Drrrrrr!

They started a blog several years ago that lasted a minute.

An announcement like this would have created some excitement with investors, but years and years of symposiums and conferences have resulted in nothing.

Investors are numb to all the hype that never comes to fruition. The Stellantis and EXIM that we were told was in the making and we would hear something in months has turned into years. Then we find out we need additional drilling before EXIM will proceed. Niocorp management has not proven themselves to be trustworthy or men of their word.

They can’t miss another opportunity to spend investor money with nothing to show in return. Mark will probably make connections for another SPAC deal that will cost us money to complete the deal and wipe out the pathetic $62.83 million in market cap that is remaining today.

Mark Smith never fails to disappoint, destroy market cap, and devalue shareholder value.

He makes himself look like a bigger fool every day. Mark has made fools of everyone, but the majority of us have come to that realization. No one likes to be taken for a fool. It’s embarrassing and makes a person feel stupid, but Walter seems to be having a difficult time coming to the realization that he has been taken for a fool.

It’s a most like they are intentionally driving the share price into the ground! Hmmmmmm 🤔

Down to a mere 16 cents for us loyal (or is it stupid) long term shareholders!!! Pathetic!

They have gained plenty over the past decade. Millions and millions of dollars in salaries. Mark has no more skin in the game. He got paid handsomely for the short term loan he had in the company and cashed out. The shares he has I. The company cost him pennies.

We have been taken to the cleaners by Mark. He made a very bad deal with some very bad people. He is no longer the majority shareholder.

Do a little DD, they are the scumbags. I thought they would want to redeem themselves with Niocorp, but they have shown themselves to be the scum that they were born to be. They are opportunistic parasites

Mark Smith NEVER FAILS TO DISAPPOINT!

Once again, Mark Smith NEVER FAILS TO DISAPPOINT!

Was there ever a lender?!?! If Mark wanted to gain any kind of confidence back from investors he would explain what happened. There’s no reason he couldn’t explain this now since that never came to fruition. He looks like a complete fraud now!