Niocorp Developments Ltd (NB)

[Nioman]

NioCorp could benefit from recent White House order, says HC Wainwright

Broker HC Wainwright has repeated a 'buy' on superalloys group NioCorp Developments Ltd (TSE:NB) on the back of recent progress.
That includes the executive order from the White House just before Christmas, aimed at expediting production of critical minerals in the USA and called for a list of such minerals within 60 days.
The broker reckons all the critical minerals expected to be produced at the firm's Elk Creek project in Nebraska, namely niobium, scandium, and titanium meet the qualifications to various degrees and could be selected under the order.
Moreover, NioCorp and IBC recently announced the successful production of numerous aluminum-scandium alloy ingots, which has potential for the aerospace and transport industries.
Analysis has also shown that scandium use in the airline industry could also boost profitability, said HC Wainwright analyst Heiko F Ihle.
The broker also hiked the price target on the stock to C$1.20 from C$1.10 previously.


http://www.proactiveinvestors.co.uk/companies/news/190485/niocorp-could-benefit-from-recent-white-house-order-says-hc-wainwright-190485.html

Excellent news

GLTA