NIOBF - NIOBF STOCK NEWS

NioCorp Developments Ltd. has appointed Peter Oliver, former Managing Director of Talison Lithium, to its Board of Directors. With over 30 years of experience in mining and critical minerals, Oliver aims to leverage his expertise as NioCorp advances its superalloy materials project in Southeast Nebraska. He previously led Talison through significant acquisitions and expansions, highlighting his capabilities in resource development and project financing. This strategic addition comes as global demand for critical metals rises in support of lower-carbon economies.

NioCorp Developments Ltd. (NIOBF) announced a major advancement in the Elk Creek Superalloy Materials Project's processing flowsheet. Conducted by L3 Process Development, bench-scale testing demonstrated more efficient extraction of niobium and titanium, potentially improving recovery rates, reducing costs, and producing higher purity products. If proven at the demonstration plant, this could eliminate several processing steps, ultimately enhancing revenue and market opportunities. The findings require further testing for confirmation, with future results expected to validate these advancements.

NioCorp Developments has successfully deployed a management system compliant with the latest Equator Principles (EP4), enhancing its ESG management practices. This implementation is crucial for securing financing for the Elk Creek Superalloy Materials Project in Nebraska. NioCorp has undertaken comprehensive risk assessments, environmental and social impact evaluations, and established community engagement procedures as part of its ESG commitments. The project aims to produce critical minerals while minimizing environmental impacts.

NioCorp Developments has reported encouraging results from metallurgical testing aimed at extracting rare earth elements from ore samples at its Elk Creek Project. Conducted by L3 Process Development, the tests showed effective extraction of Scandium and various rare earth elements using phosphate and amide-based methods. L3 is building a small-scale demonstration plant in Quebec to enhance these processes. Although the testing yields positive results, there is no change in the mineral resource estimates, and further work is needed to define rare earth resources.

NioCorp Developments has announced assay results from drill core samples at its Elk Creek Project, revealing significant rare earth element content. A total of 1,094 samples from 18 holes were analyzed, expanding the potential rare earth database crucial for updating its Mineral Resource estimate. CEO Mark Smith emphasized that if extraction is economically justifiable, Elk Creek could become a U.S. producer of critical magnetic rare earths essential for clean technology. The project’s focus remains on securing adequate funding and advancing its technical work plan.

NioCorp Developments Ltd. has announced an agreement to extend the maturity date of a $3.5 million non-revolving credit facility with CEO Mark A. Smith to June 30, 2022. This related party transaction is exempt from formal valuation requirements due to its value being less than 25% of NioCorp's market capitalization. The agreement is subject to Toronto Stock Exchange approval. NioCorp is developing a superalloy materials project in Southeast Nebraska, focusing on producing Niobium, Scandium, and Titanium, essential for various industrial applications.

NioCorp Developments Ltd. announced the voting results from its 2021 Annual General Meeting held on December 2, 2021, in Denver, CO. Six nominees were elected as Directors, with significant support: Mark A. Smith (97.07%), Michael J. Morris (97.24%), David C. Beling (97.27%), Anna Castner Wightman (97.09%), Nilsa Guerrero-Mahon (97.01%), and Fernanda Reda Fenga Viana Klamas (97.10%). Additionally, shareholders approved the number of directors at six and re-appointed BDO USA, LLP as auditors.

NioCorp Developments Ltd. (NIOBF) announced it will not present at the H.C. Wainwright Mining Conference scheduled for November 30, 2021, at 11 a.m. Eastern Time, due to a scheduling conflict. CEO Mark A. Smith expressed eagerness to participate in future conferences with H.C. Wainwright. The company is advancing its project in Southeast Nebraska for producing Niobium, Scandium, and Titanium, along with evaluating rare earth byproducts. Risks associated with the project include financial, regulatory, and operational uncertainties.