STOCK TITAN

NioCorp Files Technical Report Summary of its 2022 Feasibility Study with the SEC

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

NioCorp Developments Ltd. (TSX: NB, OTCQX: NIOBF) announced the filing of a Technical Report Summary (TRS) with the SEC, based on its 2022 Feasibility Study for the Elk Creek Critical Minerals Project. This filing complies with SEC regulations regarding the disclosure of mineral resources and reserves. A similar report for Canadian purposes was submitted on June 28, 2022. Both reports present substantively identical data and economic conclusions, with variations attributed to different disclosure requirements.

Positive
  • Filing with the SEC enhances regulatory compliance and transparency.
  • The project aims to produce important minerals like niobium, scandium, and titanium, which are critical for various industries.
Negative
  • None.

CENTENNIAL, Colo., Sept. 6, 2022 /PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB) (OTCQX: NIOBF) is pleased to announce that it has filed with the U.S. Securities and Exchange Commission ("SEC") a Technical Report Summary ("TRS") 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(b)(96) and subpart 1300 of Regulation S-K promulgated by the SEC ("S-K 1300"), which regulates disclosure of Mineral Resources and Mineral Reserves.  A companion Technical Report for Canadian purposes, pursuant to National Instrument 43-101 ("NI 43-101"), was filed by NioCorp on SEDAR on June 28, 2022.

The technical data and economic conclusions of these reports are substantively identical, with minor differences between the reports resulting only from the respective disclosure requirements of S-K 1300 and NI 43-101.

The TRS was filed with the SEC as an exhibit to the Company's Annual Report on Form 10-K for the year ended June 30, 2022

For More Information:

Contact Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., 720-639-4650, jim.sims@niocorp.com

@NioCorp $NB.TO $NIOBF $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.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/niocorp-files-technical-report-summary-of-its-2022-feasibility-study-with-the-sec-301618005.html

SOURCE NioCorp Developments Ltd.

FAQ

What is the significance of NioCorp's Technical Report Summary filed on September 6, 2022?

The Technical Report Summary (TRS) provides regulatory compliance for mineral resource disclosure, enhancing transparency for investors.

What minerals will NioCorp's Elk Creek Project produce?

NioCorp's Elk Creek Project is expected to produce niobium, scandium, and titanium, which are essential for multiple industrial applications.

When was the Technical Report for Canadian purposes filed?

The Technical Report for Canadian regulations was filed on June 28, 2022.

What are the implications of the TRS for NioCorp investors?

The filing of the TRS can be seen as a positive step towards regulatory compliance, potentially increasing investor confidence.

NIOBF

OTC:NIOBF

NIOBF Rankings

NIOBF Latest News

NIOBF Stock Data

24.67M
25.85M
8.56%
0.01%
Other Industrial Metals & Mining
Basic Materials
Link
United States
Centennial