Replies to post #77371 on Niocorp Developments Ltd (NB)

[Nebraskan]

Pretty simple: NioCorp plays by the book.

https://secureservercdn.net/198.71.233.33/gx0.d43.myftpupload.com/wp-content/uploads/NioCorp_Code_of_Business_and_Ethical_Conduct_Adopted-07Nov2019.pdf

E. Public Disclosure
It is the Company’s policy that the information in its public communications, including Securities and Exchange Commission filings, be full, fair, accurate, timely and understandable. All employees, officers and members of the Board who are involved in the Company’s disclosure process are responsible for acting in furtherance of this policy. In particular, these individuals are required to maintain familiarity with the disclosure requirements applicable to the Company and are prohibited from knowingly misrepresenting, omitting, or causing others to misrepresent or omit, material facts about the Company to others, whether within or outside the Company, including the Company’s independent auditors. In addition, any employee, officer or member of the Board who has a supervisory role in the Company’s disclosure process has an obligation to discharge his or her responsibilities diligently. Please note that management and outside counsel will determine the types of information that must be disclosed and the timing of such disclosures.

A quiet period is a set amount of time in which a company's management and marketing teams cannot share opinions or additional information about the firm. The purpose of the quiet period is to preserve objectivity and avoid the appearance of a company providing insider information to select investors.

“Preserving objectivity” continues even when the quiet period is over.

Insider information refers to knowledge about the financial status of a company that is obtained before the public obtains it, and which is usually known only by corporate officials or other insiders. The use of insider information in the purchase and sale of stock violates federal securities law.

[chico237]

Kmack/all Reposting Jim's response to recent questions- 1/3/2022

a) Will a revised or new F.S. be required following the release of the NI-43-101 REE mineral resource report? You had mentioned earlier in 2021 that "other methods" could incorporate the rare earth economics into the project?

Providing the market with an update to our Mineral Resource which includes data on rare earth element (“REE”) ore grades and tonnages contained in our previously defined Mineral Resource requires issuing a new Feasibility Study with those new Mineral Resource numbers. Such a Feasibility Study update would at a minimum include a new Mineral Resource that includes the REE data. Separately, in order to provide new estimates of the economic impacts of adding rare earth products to the Project, a more robust update to our 2019 Feasibility Study is required including updating the Mineral Reserve and the project’s economic model. (Note that there is a difference between a Mineral Resource and a Mineral Reserve). This includes metallurgical testing of Elk Creek ore to determine the rates of recovery for the rare earth elements, as we did previously for Nb, Sc, and Ti, as well as sufficient engineering to establish capital and operating costs. Fortunately, Scott and his team are well ahead of the curve in conducting these analyses, and are working diligently on that now.

b) Niocorp has been testing separation methods for REE extraction? (SX, SFE with L3) ; & Running Pilot Plant scale testing (HPGR ore) in addition to Hydro-Met improvements. Earlier in 2021 you mentioned a final separation process was yet to be determined.

A final REE separations process will be determined after we complete the metallurgical testing that is underway, up to and including a demonstration plant. We are pursuing a rare earth recovery operation based on solvent extraction (“SX”) technology, which the NioCorp technical team has previously operated on a commercial scale and which is used today to produce all REEs at commercial scale around the world. There are a number of other approaches to REE separation and purification that have been explored and discussed by various companies and researchers for years, and our team follows those developments carefully, as they are highly experienced in commercial scale REE extraction, separation, and purification. However, to my knowledge, no separations technology beyond SX has been proven economic and/or reliable at commercial scale. There is a wide gulf between (1) new technologies that may look promising at bench scale (or in a white paper or news release) and (2) those that have been proven at commercial scale. Project finance sources tend to focus on the latter, as you would expect, given the lower technology risks involved.

c) Will an Investor update be offered/anticipated early in the New Year 2022? ... "I very much missed an update presentation following the 2021 AGM -(as was done in 2019/2020.)

We very much look forward to providing investors and the public with updates as they occur. News flow is determined by actual events and material developments in the Project. We will also provide ongoing update presentations as events dictate.

d) Will Niocorp once again be pursuing a robust PR campaign rolling into 2022?

Very much so!

Kmack - Happy to share & repost Jim's responses to some questions. I hope this sheds some light on a few subjects that were of interest to me. Niocorp can only comment "When they can... for obvious self-evident reasons." I'm frustrated like many, but I do see forward progress & momentum. TMRC & other 10 year plus critical mineral mining projects are all taking a bit longer to get financed. Hope this helps!

Please form your own conclusions as always.

Got my seats for "Spring Training 2022!"
Waiting to see the "CURVE!"
Chico