NioCorp's Executive Team to Visit New York City
and Ring the Opening Bell at The Nasdaq Stock Market on
Thursday, March 30, 2023
CENTENNIAL, Colo., March 28,
2023 /PRNewswire/ -- NioCorp Developments Ltd.
("NioCorp") (Nasdaq:NB; TSX: NB) is pleased to
announce that Mark A. Smith,
NioCorp's CEO and Executive Chairman, will ring the opening bell on
The Nasdaq Stock Market ("Nasdaq") at 9:30
a.m. on Thursday, March 30, 2023. NioCorp's stock
began trading on Nasdaq on Tuesday, March
21, 2023 under the ticker symbol "NB."
- What: NioCorp to visit the Nasdaq MarketSite in
New York City's Times Square to
ring the Opening Bell.
- Who: NioCorp executives Mark A.
Smith (CEO & Executive Chairman); Scott Honan (COO); Neal
Shah (CFO); Jim Sims (CCO);
Jeff Mason (Corporate Controller);
and members of NioCorp's Board of Directors.
- Where: New York, New
York: Nasdaq MarketSite – 4 Times Square on 43rd &
Broadway at Broadcast Studio.
- When: Thursday, March 30,
2023 – 9:15 a.m. to 9:30 a.m.
ET
Additional Information
A live webcast of the Nasdaq Opening Bell will be available
at https://www.nasdaq.com/marketsite/bell-ringing-ceremony
For multimedia features such as exclusive content, photo
postings, status updates, and video of bell ceremonies posted by
Nasdaq, please visit these Facebook pages:
- https://www.facebook.com/nasdaq
- https://www.facebook.com/niocorp
Additional photos from the event will be posted on Nasdaq's and
NioCorp's Instagram pages:
- http://instagram.com/nasdaq
- https://www.instagram.com/niocorp_developments/
For news tweets, please visit Nasdaq's and NioCorp's Twitter
pages:
- http://twitter.com/nasdaq
- https://twitter.com/NioCorp
For additional information, see us on LinkedIn:
https://www.linkedin.com/company/74331143/
Feed Information:
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For More Information
Contact Jim Sims, Corporate
Communications Officer, NioCorp Developments Ltd., (720) 334-7066,
jim.sims@niocorp.com
https://www.niocorp.com
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. Visit us at https://www.niocorp.com,
https://www.facebook.com/niocorp,
https://www.instagram.com/niocorp-developments/, on Twitter
@NioCorp, and on LinkedIn at
https://www.linkedin.com/company/74331143/
FORWARD-LOOKING STATEMENTS
This communication contains forward-looking statements within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and forward-looking information within the
meaning of applicable Canadian securities laws. Forward-looking
statements may include, but are not limited to, that the Elk Creek
Project will produce niobium, scandium and titanium and the
potential addition of magnetic rare earth oxides to NioCorp's
planned product suite. Forward-looking statements are typically
identified by words such as "plan," "believe," "expect,"
"anticipate," "intend," "outlook," "estimate," "forecast,"
"project," "continue," "could," "may," "might," "possible,"
"potential," "predict," "should," "would" and other similar words
and expressions, but the absence of these words does not mean that
a statement is not forward-looking.
The forward-looking statements are based on the current
expectations of the management of NioCorp and are inherently
subject to uncertainties and changes in circumstances and their
potential effects and speak only as of the date of such statement.
There can be no assurance that future developments will be those
that have been anticipated. Forward-looking statements reflect
material expectations and assumptions, including, without
limitation, expectations and assumptions relating to: the future
price of metals; the stability of the financial and capital
markets; other current estimates and assumptions regarding
NioCorp's business combination (the "Business Combination") with GX
Acquisition Corp. II and NioCorp's previously announced standby
equity purchase facility (the "Yorkville Equity Facility Financing"
and, together with the Business Combination, the "Transactions")
with YA II PN, Ltd., an investment fund managed by Yorkville
Advisors Global, LP, and their expected benefits, including the
ability to access the full amount of the expected net proceeds of
the Yorkville Equity Facility Financing over the next three years;
NioCorp's ability to receive a final commitment of financing from
the Export-Import Bank of the United
States ("EXIM"); anticipated benefits of the listing of
NioCorp's common shares, without par value (the "Common Shares") on
Nasdaq; the financial and business performance of NioCorp;
NioCorp's anticipated results and developments in the operations of
NioCorp in future periods; NioCorp's planned exploration
activities; the adequacy of NioCorp's financial resources;
NioCorp's ability to secure sufficient project financing to
complete construction and commence operation of the Elk Creek
Project; NioCorp's expectation and ability to produce niobium,
scandium, and titanium at the Elk Creek Project; the outcome
of current recovery process improvement testing, and NioCorp's
expectation that such process improvements could lead to greater
efficiencies and cost savings in the Elk Creek Project; the Elk
Creek Project's ability to produce multiple critical metals; the
Elk Creek Project's projected ore production and mining operations
over its expected mine life; the completion of the demonstration
plant and technical and economic analyses on the potential addition
of magnetic rare earth oxides to NioCorp's planned product suite;
the exercise of options to purchase additional land parcels; the
execution of contracts with engineering, procurement and
construction companies; NioCorp's ongoing evaluation of the impact
of inflation, supply chain issues and geopolitical unrest on the
Elk Creek Project's economic model; the impact of health epidemics,
including the COVID-19 pandemic, on NioCorp's business and the
actions NioCorp may take in response thereto. Such expectations and
assumptions are inherently subject to uncertainties and
contingencies regarding future events and, as such, are subject to
change. Forward-looking statements involve a number of risks,
uncertainties or other factors that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made by NioCorp with the U.S.
Securities and Exchange Commission and with the applicable Canadian
securities regulatory authorities and the following: the outcome of
any legal proceedings that may be instituted against NioCorp
following closing of the Transactions; the inability to access the
full amount of the expected net proceeds under the Yorkville Equity
Facility Financing over the next three years; the ability to
recognize the anticipated benefits of the Transactions; unexpected
costs related to the Transactions; NioCorp's ability to receive a
final commitment of financing from EXIM on the anticipated
timeline, on acceptable terms, or at all; NioCorp's ability to
continue to meet Nasdaq listing standards; NioCorp's ability to
operate as a going concern; risks relating to the Common Shares,
including price volatility, lack of dividend payments and dilution
or the perception of the likelihood any of the foregoing; NioCorp's
requirement of significant additional capital; the extent to which
our level of indebtedness and/or the terms contained in agreements
governing our indebtedness or the Yorkville Equity Facility
Financing may impair our ability to obtain additional financing;
covenants contained in agreements with our secured creditors that
may affect our assets; NioCorp's limited operating history;
NioCorp's history of losses; the restatement of NioCorp's
consolidated financial statements as of and for the fiscal years
ended June 30, 2022 and 2021 and the
interim periods ended September 30,
2021, December 31, 2021, and
March 31, 2022 and the impact of such
restatement on NioCorp's future financial statements and other
financial measures; the material weakness in NioCorp's internal
control over financial reporting, NioCorp's efforts to remediate
such material weakness and the timing of remediation; the
possibility that NioCorp may qualify as a "passive foreign
investment company" under the U.S. Internal Revenue Code of 1986,
as amended (the "Code"); the potential that the Transactions could
result in NioCorp becoming subject to materially adverse U.S.
federal income tax consequences as a result of the application of
Section 7874 and related sections of the Code; cost increases for
NioCorp's exploration and, if warranted, development projects; a
disruption in, or failure of, NioCorp's information technology
systems, including those related to cybersecurity; equipment and
supply shortages; current and future offtake agreements, joint
ventures, and partnerships; NioCorp's ability to attract qualified
management; the effects of the COVID-19 pandemic or other global
health crises on NioCorp's business plans, financial condition and
liquidity; estimates of mineral resources and reserves; mineral
exploration and production activities; feasibility study results;
the results of metallurgical testing; changes in demand for and
price of commodities (such as fuel and electricity) and currencies;
competition in the mining industry; changes or disruptions in the
securities markets; legislative, political or economic
developments, including changes in federal and/or state laws
that may significantly affect the mining industry; the impacts of
climate change, as well as actions taken or required by governments
related to strengthening resilience in the face of potential
impacts from climate change; the need to obtain permits and comply
with laws and regulations and other regulatory requirements; the
timing and reliability of sampling and assay data; 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 management of the water balance at the Elk Creek
Project site; land reclamation requirements related to the Elk
Creek Project; the speculative nature of mineral exploration and
development, including the risks of diminishing quantities of
grades of reserves and resources; claims on the title to NioCorp's
properties; potential future litigation; and NioCorp's lack of
insurance covering all of NioCorp's operations.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of NioCorp
prove incorrect, actual results may vary in material respects from
those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements
concerning the Transactions or other matters addressed in this
communication and attributable to NioCorp or any person acting on
its behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in this
communication. Except to the extent required by applicable law or
regulation, NioCorp undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date of this communication to reflect the occurrence of
unanticipated events.
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SOURCE NioCorp Developments Ltd.
