Keep it up and we will see another reverse split. The last SPAC deal that Dean Kehler, Jay Bloom and Michael Maselli engineered with Celularity have ended with two reverse splits and on its way to a third.
There’s nothing brilliant about making a bad deal.
I have claimed several times that the Niocorp project involves much more than just the mine and that the company is working on several collaborations with other parties in different verticals. We already knew about the collaboration with Nanoscale Powders for the future production of AL-SC alloy lingots at Elk Creek . These lingots will be incorporated into electric and other vehicles, among other things
2 new collaborations were announced this week. 1) Niocorp and other prestigious companies are forming a consortium in the UK to use recycled aluminum reinforced with scandium to produce lightweight aluminum alloys and cast automotive components. The project is called PIVOT (Performance Integrated vehicle) and is funded by the UK government to the tune of 3.8 million usd. Niocorp has been working on this project with Brunei University London through a subsidiary company in the UK and will supply the AL-SC master alloys. (https://mailchi.mp/niocorp.com/industry-consortium-with-aston-martin-sarginsons-boeing-uk-niocorp-and-others-wins-uk-government-funding?e=8892a3388c)
2 )Niocorp also plans to recover rare minerals from old magnets ( what they call post -consumer magnets) using the same process that the L3 Process Development team in Quebec had figured out for the separation of rare earths coming out of the <Elk Creek mine.
Past PRs and/ or presentations have suggested that Niocorp also wants to separate rare earths from other mines in the US at its ELK Creek facility.
It is probably not a wrong guess that some of those verticals are going to be operational before the first Niobium , scandium and rare earths come out of the ground at Elk Creek. The scandium will have to be bought from other suppliers at that time, though, until the time we mine scandium ourselves at Elk Creek.
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