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.
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SOURCE NioCorp Developments Ltd.
