Niocorp Developments Ltd (NB)

[Middleborder]

Jeunke;

Jeunke; I agree that sometimes companies with similar goals will place their employees in another company's Directorship to help shape or provide input on their common goals. But I do not think that is what is happening here.

Regarding Ms. Fenga

https://www.niocorp.com/niocorp-names-fernanda-fenga-to-its-board-of-directors/

"Ms. Fenga worked for more than nine years at CBMM, where she served as Corporate Superintendent. In that position, she managed the company’s legal, compliance, investor relations, public affairs, and corporate risk management departments. She also played an integral role in some of CBMM’s largest commercial transactions, two of which were valued at more than U.S.$1.9 billion each."

Since Ms. Fenga no longer works for CBMM I do not think that her position at NioCorp involves any CBMM requirement. She was involved in Billion dollar + transactions which brings some weight to her credibility with potential NioCorp financial partners/Investors and signals that NioCorp is serious about their mine development and expected alloy metal commodity sales.

Besides her listed corporate skills in accounting and international law, it would appear that it is NioCorp that is interested in her previous association with CBMM (provided she left on good terms) and in developing outlets for their niobium commodity (to the extent it is not already pledged to Traxys) and in her international legal and accounting experience.


Information regarding CBMM;

https://cbmm.com/en/our-company/about-cbmm

"Are we a Brazilian company?

Yes, we are. It’s been working in Brazil to the world that we established ourselves in the international market. We are a privately held company with Brazilian ownership control. Our profit is realized and consolidated in Brazil, and all of our technology is generated in Brazil and the majority of our collaborators is allocated here as well."

"Do we sell ore?

No, we don’t sell pyrochlore (the ore which is the base for the production of niobium). We only sell processed, industrialized products. The production process of our niobium products has metallurgical and chemical characteristics, and involves more than 15 processing and industrialization stages."

That said, BMMB and NioCorp could both benefit from her position on the board and lets hope they do!

(We all hope that a financing agreement is announced soon!)

**Do not invest based on my statements. Readers should always do their own Due Diligence regarding any analysis I might offer.