NioCorp’s Elk Creek Superalloy Materials Project is Named as an Infrastructure “Project of the Year”
CENTENNIAL, Colo. (October 29, 2020) – NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to announce that its Elk Creek Superalloy Materials Project (the “Project”) has been selected as an “Infrastructure Project of the Year” by CG/LA Infrastructure, the global leader in infrastructure strategy and project development. The award was announced during the CG/LA Infrastructure’s 12th North American Infrastructure Leadership Virtual Forum on October 28, 2020, at which NioCorp presented.
NioCorp’s Project was originally named as one of the Top 100 infrastructure projects in the U.S. by CG/LA Infrastructure. This week, it was nominated as one of three top projects in the “Finance/Funding” category. The Elk Creek Project then received the most votes from infrastructure and industry leaders, and from the public, to earn the top position in its category.
The Infrastructure Project of the Year Awards, sponsored by leading capital project management software provider Oracle Construction and Engineering, are one of the highlights of every Leadership Forum event. The awards recognize the projects - and the leaders behind the projects - identified as global models. The projects are highlighted for their outstanding commitment across five categories: Job Creation, Sustainability/Green Infrastructure, Finance/Funding, Engineering, and Strategic.
More information on the CG/LA Infrastructure’s selected Projects of the Year can be seen at GViP.io.
The award for Project of the Year in the Finance/Funding category is given to that infrastructure-related project that “establishes and/or most extends an innovative finance model, moving us closer to more, better and faster infrastructure investment. This is absolutely critical, given the pent-up demand for infrastructure finance in the world, and the creative solutions that many nations are developing,” according to CG/LA Infrastructure.
“NioCorp is very pleased and proud to have received this recognition as an infrastructure project of the year, and we want to thank both CG/LA Infrastructure and Oracle for their support of this initiative,” said NioCorp’s CEO and Executive Chairman Mark A. Smith. “In my mind, this recognition is a testament to years of hard work by our team to advance this critical minerals project as well as to the growing recognition across the U.S. and the world of the absolute criticality of producing critical minerals such as niobium, scandium, and titanium here in the U.S.”
“As the world works to rebuild and expand vital infrastructure systems, we are going to need secure and diversified supply chains for these critical minerals,” he added. “NioCorp looks forward to helping to deliver these materials to infrastructure projects in the U.S. and globally.”
Mr. Smith presented to the Conference on the Elk Creek Project earlier today in a live webcast. He also spoke about the Project in September at CG/LA Infrastructure’s recent Global Infrastructure Leadership Forum. Both conferences featured participation by hundreds of industry, government, finance, and investment professionals from around the world.
