In a new video released today, Mark A. Smith, CEO and Executive Chairman of NioCorp Developments Ltd. and Dean Kehler, CEO and Co-Chairman of GX Acquisition Corp. II , discuss the recently announced definitive agreement for a proposed business combination between the two companies. In addition to discussing NioCorp's Elk Creek Critical Minerals Project, Messers. Smith and Kehler address the merger and related questions [...]
Automotive and other manufacturers should not count on sufficient supplies of rare earths and other critical minerals coming from China, because China is increasingly consuming its own production for electric vehicles and other technologies that use permanent rare earth magnets, Mark A. Smith, CEO and Executive Chairman of NioCorp Developments Ltd. said during an appearance Monday on Fox Business News. Mr. Smith was a [...]
CENTENNIAL, Colo., Sept. 29, 2022 /CNW/ -- NioCorp Developments Ltd. is pleased to announce that CEO and Executive Chairman Mark A. Smith will be a guest on "The Claman Countdown" show on the Fox Business News channel on Monday, October 3, 2022. The Claman Countdown airs each day from 3 - 4 PM Eastern. The segment with Mr. Smith is scheduled to occur sometime between 3:15 - 3:40 PM. Host Liz Claman will be discussing with [...]
Project features the highest-grade niobium deposit under development in North America and the second largest indicated rare earth resource in the U.S.1 Depending upon redemption rates of current shareholders of GXII, NioCorp could receive up to $285M in net cash proceeds at the consummation of the transaction2 NioCorp expects to become listed on Nasdaq post-deal-close in addition to its current TSX listing NioCorp also [...]
CENTENNIAL, Colo., Sept. 6, 2022 /CNW/ -- NioCorp Developments Ltd. is pleased to announce that it has filed with the U.S. Securities and Exchange Commission a Technical Report Summary based on the Company's 2022 Feasibility Study for the Elk Creek Critical Minerals Project. The TRS was filed with the SEC to comply with Item 601 and subpart 1300 of Regulation S-K promulgated by the SEC , which regulates disclosure of [...]
Testing is designed around a simplified process flow sheet that could yield better results for Niobium and Titanium production and is expected to confirm previously achieved high recovery rates for Scandium NioCorp Developments Ltd. is pleased to announce that its demonstration-scale processing plant in Quebec, Canada is now processing ore samples from the Company's Elk Creek Critical Minerals Project . The demonstration [...]
In a newsmaker interview, NioCorp's Mark Smith reports that inquiries from auto companies about NioCorp's planned products are intensifying More states are likely to follow California's lead in banning the future sale of internal combustion engine vehicles as a means of accelerating demand for electric vehicles and addressing climate change, according to NioCorp CEO and Executive Chairman Mark Smith. In a newsmaker [...]
Inflation Reduction Act of 2022 Provides a 10% Advanced Manufacturing Tax Credit Applicable to Most of NioCorp's Planned Products New Electric Vehicle Federal Tax Credit Tied to Increasing use of Critical Minerals That are Produced in the U.S. or Allied Nations The "Inflation Reduction Act of 2022," signed into law by President Biden this week, includes multiple financial and tax incentives designed to encourage greater [...]
NioCorp Developments Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company. A total up-sized offering of 4,981,035 Units were issued at a price per Unit of C$0.96, for total gross proceeds to the Company of approximately C$4.8 million. Pricing of the Units was set at a premium to the five-day Volume Weighted Average Price of NioCorp common shares [...]
Previously announced updated feasibility study confirms that the Elk Creek Project has the second largest indicated-or-better rare earth resource in the U.S., second only to MP Materials' Mountain Pass deposit NioCorp Developments Ltd. is pleased to announce that it has filed a Technical Report prepared in accordance with National Instrument 43-101 regarding its previously announced 2022 Feasibility Study completed for [...]
NioCorp Developments Ltd. announces that it intends to offer, on a non-brokered private placement basis, up to 4,519,481 units of the Company at a price of C$0.96 per Unit for gross proceeds to the Company of up to approximately C$4.35 million . There is no minimum offering amount. The pricing of the Units was set at a C$0.01 premium to the 5-day Volume Weighted Average Price of NioCorp common shares of C$0.95 based upon [...]
NioCorp Developments Ltd. is pleased to announce that Jim Sims has been promoted to Chief Communications Officer, a new position. Mr. Sims has served as Vice President of External Affairs since joining the Company in November 2015. In this new position, he will continue to manage investor relations, government relations, and public relations, and will provide support to capital markets initiatives. "The Board and I are [...]