NioCorp Announces Change in Board of Directors
CENTENNIAL, CO. (May 16, 2023) -- NioCorp Developments Ltd. (“NioCorp” or the “Company”) (Nasdaq: NB; TSX: NB) announced today that Fernanda Reda Fenga Viana Klamas has resigned from the NioCorp Board of Directors because of an inability to commit the necessary time to serving on the Board.
"We thank Fernanda for her service to NioCorp and we wish her and her family well in all of their future endeavors," said Mark A. Smith, NioCorp CEO and Board Chairman.
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For More Information:
Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., +1 (720) 334-7066, jim.sims@niocorp.com
@NioCorp $NB $NB.TO $BR3 #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle
About NioCorp
NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy (“HSLA”) steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron (“NdFeB”) magnets, which are used across a wide variety of defense and civilian applications.
