NIOBF - NIOBF STOCK NEWS

NioCorp Developments Ltd. (OTCQX: NIOBF) participated with industry leaders to urge U.S. Congress to pass bipartisan legislation that would create tax incentives for U.S.-made permanent rare earth magnets. The proposed HR 5033 bill suggests a $20 per kilogram credit for U.S. manufactured magnets, increasing to $30 if all materials are sourced domestically. This initiative aligns with the Biden Administration's goal for 50% of new vehicles sold by 2030 to be electric, a sector reliant on rare earth materials. NioCorp is exploring rare earth production alongside its Elk Creek Project, which targets niobium, scandium, and titanium.

NioCorp Developments Ltd. announced successful initial metallurgical testing of Elk Creek ore samples aimed at optimizing the project's processing flowsheet. The tests, conducted by L3 Process Development, demonstrated effective alternatives to hydrochloric acid leaching and the selective rejection of non-pay metals. This opens pathways for extracting niobium, scandium, titanium, and rare earth elements necessary for manufacturing powerful magnets. With global demand for these materials, particularly NdFeB magnets, projected to surge, NioCorp's advancements could significantly impact its market positioning.

NioCorp Developments Ltd. (NIOBF), announced successful completion of the first phase of testing ore samples from the Elk Creek Project using High-Pressure Grinding Rolls (HPGR) technology. The tests showed a 32.5% reduction in energy consumption, lowering energy needs from 4.18 kWh to 3.06 kWh per tonne. This energy-efficient method supports the recovery of niobium, scandium, and titanium. The testing was conducted at the University of Minnesota-Duluth's Natural Resources Research Institute, with further phases planned to optimize recovery processes.

NioCorp Developments Ltd. (OTCQX: NIOBF) confirms it is unaware of any undisclosed information explaining the recent rise in its share price and trading volume, following a request from IIROC. The company reports ongoing progress in metallurgical testing at the Elk Creek Project, utilizing energy-efficient High-Pressure Grinding Rolls (HPGR) technology. This aims to recover niobium, scandium, titanium, and potential rare earth elements. NioCorp is assessing the viability of integrating rare earth recovery into its operations, responding to anticipated market demand for these materials.

NioCorp Developments is initiating testing of ore from the Elk Creek Project using High-Pressure Grinding Rolls (HPGR) technology, an energy-efficient method aimed at recovering niobium, scandium, titanium, and potential rare earth products. The testing, in partnership with Weir Minerals at the University of Minnesota-Duluth, will involve reducing approximately 3 tonnes of ore for hydrometallurgical analysis. NioCorp is also evaluating the economic potential for expanding its product suite to include rare earth materials like Neodymium-Praseodymium oxide.

NioCorp Developments Ltd. (TSX:NB, OTCQX:NIOBF) has successfully closed a non-brokered private placement, raising approximately C$6.2 million. A total of 4,334,157 Units were issued at a price of C$1.43 each, with each Unit consisting of one common share and a warrant priced at C$1.63. Proceeds will fund the Elk Creek Superalloy Materials Project's engineering and technical assessments. The deal included a significant participation from Lind Global Asset Management, with C$1 million invested. The private placement securities are subject to a four-month hold period.

NioCorp Developments Ltd. has successfully completed the purchase of a vital land parcel for its Elk Creek Superalloy Materials Project for approximately $6.2 million. This acquisition provides NioCorp with ownership of the land and mineral rights to over 90% of the Project's resources. CEO Mark A. Smith expressed enthusiasm about transitioning from renter to owner, seeing this as a key step towards securing project financing and commencing construction.

NioCorp Developments Ltd. will present its Elk Creek Superalloy Materials Project at the H.C. Wainwright Spring Mining Virtual Conference on April 20, 2021, at 2:00 PM Eastern. CEO Mark A. Smith will discuss plans to produce critical minerals such as niobium, scandium, and titanium, essential for infrastructure and defense. NioCorp is also evaluating adding rare earth products to its offerings after a recent assessment indicating significant potential. The presentation will be available live via Zoom and can be accessed later for 90 days on NioCorp's website.