NioCorp CEO Mark Smith to Appear on Fox Business Network Today at 3 PM Eastern on Critical Minerals and the Elk Creek Project
NioCorp Developments Ltd. (NIOBF) announced that CEO Mark A. Smith will appear on Fox Business Network at 3 p.m. Eastern on February 24, 2021, to discuss the Biden Administration's critical minerals initiative. The company aims to produce essential minerals such as Niobium, Scandium, and Titanium at its Elk Creek Superalloy Materials Project, which is crucial for the U.S. as it relies entirely on foreign sources for these minerals. NioCorp is seeking funding necessary for production and emphasizes the importance of these materials in various industries.
- Planned production of critical minerals (Niobium, Scandium, Titanium) in the U.S.
- Potential alignment with the Biden Administration's critical minerals initiative.
- Increased visibility due to media appearance on Fox Business Network.
- Reliance on obtaining significant funding for project advancement.
- Dependence on foreign producers for critical minerals currently.
CENTENNIAL, Colo., Feb. 24, 2021 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB) (OTCQX:NIOBF) is pleased to announce Mark A. Smith, CEO and Executive Chairman of NioCorp, is scheduled to appear on the Fox Business Network ("FBN") at approximately 3 p.m. Eastern to discuss the Biden Administration's expected critical minerals initiative and NioCorp's plans, once sufficient funding is obtained, to produce at its Elk Creek Superalloy Materials Project several critical minerals for which the U.S. is
Mr. Smith is scheduled to be a guest on FBN's "The Clayman Countdown" program, hosted by Liz Claman. Please check local listings for the exact time of the broadcast.
@NioCorp $NB $NIOBF #ElkCreek #Niobium #Scandium #ElkCreek #Nebraska
For More Information
Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce the critical minerals Niobium, Scandium, and Titanium. Niobium is used to produce superalloys 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 superalloy material 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 superalloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.
Forward-Looking Statements Disclaimers
Certain statements contained in this document may constitute forward-looking statements, including statements regarding the Company's expectation that it will obtain funding necessary to be able to produce the products mentioned. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp's plans or prospects to change include risks related to the Company's ability to operate as a going concern; risks related to the Company's requirement of significant additional capital; changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes in economic valuations of the Project, such as Net Present Value calculations, changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business and the risks set forth in the Company's filings with Canadian securities regulators at www.sedar.com and the SEC at www.sec.gov. NioCorp disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE NioCorp Developments Ltd.
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