Niocorp Developments Ltd (NB)

[Middleborder]

Chico237,P.M.,B.M.A.O., All. Scandium news. This probably constitutes a slide given today's price run up! It is positive in the sense that it may result in another potential source/producer of scandium within the Continental U.S. I hope that this is not the only reason for the S/P increase.

https://www.bloomberg.com/press-releases/2021-06-28/scandium-international-and-nevada-gold-mines-sign-loi-to-pursue-critical-metals-recovery-at-phoenix-mine

"RENO, NV / ACCESSWIRE / June 28, 2021 / Scandium International Mining Corp.
(TSX:SCY) ("Scandium International" or the "Company") and Nevada Gold Mines
("NGM"), have signed a Letter of Intent ("LOI") to initiate a joint technical
and economic feasibility program at NGM's Phoenix Mine, near Battle Mountain,
Nevada. The purpose of this joint development program is to confirm the
economic and technical viability of a critical metals recovery ("CMR") project
at the mine site. The LOI defines a detailed US$2.7 million spend program
which includes bench test work, pilot plant testing, and feasibility study
design work. The program is anticipated to require 15 months to complete. With
program completion, the partners intend to take an investment decision on
construction and operation of a plant facility to recover critical metals from
mine solutions. The LOI also outlines key parameters of a partnership,
including formation of a joint venture to hold the plant facility, and a 50:50
ownership in the recovery circuit asset.

The project is envisioned as an ion-exchange recovery system, capturing
critical metals that are currently recirculating in heap leach copper
solutions at Phoenix, specifically targeting nickel, cobalt, scandium, zinc
and potentially other metals that prove to be economically recoverable."

(More at link)

(OTC current ask price for NIOBF at 13:10 CST is $1.21 USD.)