Niocorp Developments Ltd (NB)

[Blairman]

Lincoln Journal Star
NioCorp Developments Ltd. announced Friday that it has received final approval for the listing of the company's common shares on the Toronto Stock Exchange.

NioCorp said its common shares will commence trading on the TSX at market open on Monday.

The Canadian company said it believes its move to the TSX, which is the leading stock exchange in Canada, will facilitate significantly more access to international and institutional investors and capital pools. Until now it has been listed on a subordinate exchange for smaller companies.

Niocorp has completed testing at a site near Elk Creek in Johnson County where it hopes to one day mine niobium, a rare metal used to produce lighter, stronger steel for use in automotive, structural and pipeline industries. Testing also showed the site contains scandium and titanium.

The cost of developing a commercial mine on the site has been estimated at at least $400 million.




http://journalstar.com/business/local/niocorp-to-be-listed-on-toronto-stock-exchange/article_44e14653-904b-52e1-b043-237669329f73.html