Niocorp Developments Ltd (NB)

[chico237]

Green Steel Technology Company Boston Metal Announces $120M Series C Financing Led by ArcelorMittal - Bloomberg
https://www.bloomberg.com/press-releases/2023-01-27/green-steel-technology-company-boston-metal-announces-120m-series-c-financing-led-by-arcelormittal

BY 2024 Scaling to an annual production capacity of thousands of tons of ferroalloys & BY 2025 ~Continued expansion to incorporate other feedstocks and target metals~ (Titanium? Scandium? & Aluminum?)

Boston Metal’s patented Molten Oxide Electrolysis (MOE) process is being commercialized to produce both green steel and high-value metals, such as tin and niobium. The Series C funds will expand the production of green steel at the company’s pilot facility outside Boston and will support the site selection and preliminary design of its first green steel plant. The new resources will also support the construction and commissioning of a manufacturing facility for high-value metals at the company’s Brazilian subsidiary, Boston Metal do Brasil.

Form your own opinions & conclusions above:
https://www.bostonmetal.com/who-we-are/
CBMM & Fernanda Fenga Synergies
Fernanda Fenga
SVP, Corporate

Fernanda oversees human resources, financial operations, risk management, and legal affairs. She has more than 20 years of executive experience in these areas, as well as in compliance, investor relations, and government relations in the metals and mining industry.
Fernanda is a member of the Board of Directors at NioCorp Development Ltd and just prior to joining Boston Metal, she provided legal counsel services to a range of global enterprises.

IMHO: Perhaps in the not-too-distant future Boston Metals will want a U.S. Based subsidiary to produce a "Green" Niobium STEEL here in the U.S.? I would imagine the tax benefits & need to utilize U.S. based sources from mine to steel would be of interest!
Note: Fernada Fenga sits on the B.O.D. for Niocorp, but is also a V.P. at Boston Metals! I appreciate others posting about the Synergies a while back! "INTERSTING to me still!"

GO TEAM NIOCORP!
CHICO