Anuncio • Dec 28
NioCorp Developments Ltd., Annual General Meeting, Mar 13, 2025 NioCorp Developments Ltd., Annual General Meeting, Mar 13, 2025. Location: 7000 s. yosemite street, lower level conference room, colorado, 80112., centennial United States Anuncio • Nov 15
NioCorp Developments Ltd. announced that it has received $3.500775 million in funding NioCorp Developments Ltd. announced that it has closed a non-brokered private placement of 2,229,793 units at a price of $1.57 per unit for gross proceeds of $3,500,776 on November 13, 2024. Each Unit issued under the Private Placement consisted of one common share, one Series A warrant and one-half of one Series B warrant. Each Series A Private Warrant is exercisable into one Common Share at an exercise price of $1.75 per Series A Warrant Share at any time on or after the date of issuance until November 13, 2026. Each Series B Private Warrant is exercisable into one Common Share at an exercise price of $2.07 per Series B Warrant Share at any time beginning six months and one day from the date of issuance until November 13, 2029. All of the Securities issued pursuant to the Private Placement are subject to a four month and one day hold period in accordance with applicable Canadian securities laws. Certain officers and directors of the Company subscribed for a total of 239,999 Units for aggregate gross proceeds of approximately $424,198.232, at a price of $1.7675 per Unit. The transaction includes participation from 46 investors. The company will pay $22,419 as sales commission. Anuncio • Nov 05
NioCorp Developments Ltd. has completed a Follow-on Equity Offering. NioCorp Developments Ltd. has completed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 1,592,356
Price\Range: $1.57
Discount Per Security: $0.1099
Security Name: Series A Warrants
Security Type: Equity Warrant
Securities Offered: 1,592,356
Security Name: Series B Warrants
Security Type: Equity Warrant
Securities Offered: 796,178 Anuncio • Nov 02
NioCorp Developments Ltd. has filed a Follow-on Equity Offering. NioCorp Developments Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Series A Warrants
Security Type: Equity Warrant
Security Name: Series B Warrants
Security Type: Equity Warrant Anuncio • Jul 03
NioCorp Developments Ltd.(NasdaqGM:NB) dropped from Russell 3000 Index NioCorp Developments Ltd.(NasdaqGM:NB) dropped from Russell 3000 Index Anuncio • Jun 24
NioCorp Developments Ltd. announced that it has received $0.60165 million in funding NioCorp Developments Ltd. announced that it has entered into a subscription agreement and a non-brokered private placement with a single investor of 315,000 units at a price of $1.91 per unit for aggregate gross proceeds of $601,650 on June 24, 2024. Each unit issued in the Private Placement consisted of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one common share at a price of $2.20 per common share until June 24, 2026. All of the Securities issued pursuant to the Private Placement are subject to a four month and one day hold period in accordance with applicable Canadian securities laws. Anuncio • May 04
NioCorp Developments to Voluntarily Delist from the Toronto Stock Exchange as of Close of Markets on May 3, 2024 NioCorp Developments Ltd. announced that, further to its press release dated April 17, 2024, the board of directors has approved the voluntary delisting of NioCorp's common shares from the Toronto Stock Exchange (the ‘TSX’). It is expected that NioCorp's common shares will be delisted from the TSX effective as of close of markets on May 3, 2024. NioCorp's common shares will continue to be listed and trade on the Nasdaq Capital Market (the ‘Nasdaq’) under the symbol ‘NB’. Brokers outside the United States are encouraged to take appropriate steps to ensure that their clients may trade NioCorp shares on the Nasdaq following the TSX delisting. Anuncio • Mar 08
Niocorp Developments Ltd. Announces Sales Forecast for the Year 2024 NioCorp Developments Ltd. announced sales forecast for the year 2024. For the year, sales are forecast to rise between 20-30%. New Risk • Feb 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$127.4m (US$94.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$18m free cash flow). Negative equity (-US$4.3m). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (CA$127.4m market cap, or US$94.5m). New Risk • Feb 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$18m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$18m free cash flow). Negative equity (-US$4.3m). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Anuncio • Dec 23
NioCorp Developments Ltd. announced that it has received $1.290728 million in funding ON December 22, 2023 NioCorp Developments Ltd. closed the transaction. The company issued an aggregate of 413,432 units of the company in which 274,587 units are issued at an issue price of $3.08 per unit for gross proceeds of 845,727.96 and certain Insider Investors subscribed for an aggregate of 138,845 Units at an issue price of $3.25 for gross proceeds of $445,000 resulting an aggregate gross proceeds of $1,290,727.96. Each Unit issued under the Private Placement consists of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant is exercisable into one Common Share at an exercise price of $3.54 per Warrant Share until December 22, 2025. Anuncio • Dec 15
NioCorp Developments Ltd. announced that it expects to receive $1.03545 million in funding NioCorp Developments Ltd. announced that it has entered into a binding subscription agreements with certain individual accredited investors, including certain officers and directors of the company to complete a non-brokered private placement of up to 336,185 units of the company at a price of $3.08 per unit for the aggregate gross proceeds of $1.03545 million on December 14, 2023. The Insider investors have agreed to subscribe at a price of $3.205 per unit, which price includes $0.125 per warrant underlying each Unit purchased by the Insider Investors and allows the Insider Investors to participate in the Private Placement in accordance with the rules of The Nasdaq Stock Market LLC. Each unit issuable under the Private Placement will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will be exercisable into one common share at an exercise price of $3.54 per warrant share, for a period of 24 months following the closing date of the transaction. The transaction is expected to close on or about December 22, 2023, subject to the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange. All of the Securities issuable pursuant to the Private Placement will be subject to a hold period in accordance with applicable Canadian securities laws, which will expire four months and one day from the closing date. Anuncio • Dec 04
Niocorp Developments Ltd. Completes Metallurgical Test Program and Begins Making Titanium Samples for Prospective Customers NioCorp Developments Ltd. announced that it has completed its metallurgical testing program at its Quebec-based demonstration plant. Results show that NioCorp's enhanced processing design can produce, at demonstration scale, higher-purity forms of niobium and titanium, and higher yields for each product, than previously attained. The results also show that NioCorp can produce, at demonstration scale., scandium and magnetic rare earth products with commercial purities at recovery rates of 92% or higher. With all metallurgical work required to update NioCorp's current Feasibility Study for the Elk Creek Critical Minerals Project now completed, NioCorp is working to update its mineral reserve to include rare earths, complete additional engineering required by the new processing design, update project capital and operating cost estimates, and producing other information required for publication in an updated Feasibility Study. This is expected to be completed as early as possible in 2024. Magnetic rare earths, such as neodymium, praseodymium,terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron magnets, which are used across a wide variety of defense and civilian applications. Anuncio • Oct 01
NioCorp Developments Ltd. announced delayed annual 10-K filing On 09/29/2023, NioCorp Developments Ltd. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Anuncio • Sep 30
NioCorp Developments Ltd., Annual General Meeting, Dec 14, 2023 NioCorp Developments Ltd., Annual General Meeting, Dec 14, 2023. Anuncio • Sep 29
NioCorp Developments Ltd. Plans to Produce Made-In-USA Scandium Master Alloy to Supply Lightweight Parts to Vehicles NioCorp Developments Ltd. plans to make aluminum-scandium master alloy product from mining and upgrade facilities to be located in the U.S., subject to, among other matters, receipt of project financing and consummation of mining operations at the Elk Creek Project, which could enable commercial and defense manufacturers to replace select existing aluminum parts in vehicles. Aluminum alloys containing scandium offer high-strength, corrosion-resistant, weldable alternatives to existing aluminum options and deliver significant property improvements and light-weighting opportunities, particularly in transportation applications. Military and strategic applications are expected to be significant as well. Scandium is one of several strategic metal products that NioCorp plans to make from its Elk Creek Critical Minerals Project (the "Project") in Nebraska, USA, contingent on, among other matters, obtaining sufficient project financing. Once in commercial operation, the scandium component from this mine could potentially position NioCorp as one of the producers of Al-Sc MA in the world. Still, more scandium production would need to come online in both North America and Europe, if more than a small handful of manufacturers are to benefit from these high-performance aluminum alloy variants. At the recent HC Wainwright Global Investor Conference in New York City, Mr. Smith discussed these trends, as well as the Company's recently launched phased approach to commercial-scale production in the U.S. of Al-Sc MA. The traditional method of introducing scandium into Al-Sc alloys is via a master alloy containing 98% aluminum and 2% scandium. NioCorp is now engaged in pilot-scale production of Al-Sc MA, containing up to 5% or more scandium by weight, and anticipates producing the pilot-scale ingots of Al-Sc MA over the coming weeks. If and when the Company is able to obtain sufficient project financing, as well as completes both pilot-scale and commercial demonstration testing operations, and validation of the technical and economic feasibility of proceeding to full-scale commercial master alloy production, NioCorp plans to construct and operate a commercial-scale master alloy facility, operating in parallel with its planned Elk Creek Project. Contingent upon, among other matters, securing adequate project financing, the Elk Creek Project plans to produce more than 100 tonnes of scandium oxide annually, with some or all of the oxide product to be further processed by NioCorp into an Al-Sc MA for direct sale to aluminum alloy producers and customers. Anuncio • Sep 07
NioCorp Developments Ltd. to Report Fiscal Year 2023 Final Results on Sep 28, 2023 NioCorp Developments Ltd. announced that they will report fiscal year 2023 final results at 4:00 PM, US Eastern Standard Time on Sep 28, 2023 Anuncio • Sep 06
NioCorp Developments Ltd. announced that it has received $1 million in funding On September 5, 2023, Planet Based Foods Global Inc. closed the transaction. The transaction included participation from a single investor through Regulation D. Anuncio • Sep 02
NioCorp Developments Ltd. announced that it has received $1 million in funding NioCorp Developments Ltd. announced a non-brokered private placement that it has issued 250,000 units of the company at a price of $4 per unit for the aggregate gross proceeds of $1 million on September 1, 2023. Each unit issued consisted of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one common share at a price of $4.60 per common share until September 1, 2025. All of the securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws. Anuncio • Jun 02
Niocorp Developments Ltd. Completes Geotechnical Drilling Campaign At the Elk Creek Critical Minerals Mine Site NioCorp Developments Ltd. announced the successful completion of a geotechnical drilling campaign at the Elk Creek Critical Minerals Project in southeast Nebraska, which was done in advance of the proposed site preparation, grading, heavy construction, and eventual foundation pours for the Elk Creek Project that are expected to commence once sufficient financing is obtained. The campaign involved drilling 16 boreholes and 20 test pits across the one square mile Elk Creek Project site, analyzing soil samples, and generating data for engineering design firms that are continuing to finalize plans for the potential construction of the facility. The drilling explored the "glacial till" geological layer, which is comprised of the first 30 meters or so of soil, clay, and sand that covers much of southeast Nebraska. This layer of sediment was deposited by repeated glaciation that occurred in the Pleistocene epoch that ended approximately 11,000 year ago. Scott Honan, M.Sc., SME-RM, Chief Operating Officer of the Company, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information, and verified the data, contained in this press release. Anuncio • May 30
Niocorp Developments Ltd. Launches Phased Approach to Commercial Production of Made-In-America Aluminum-Scandium Master Alloy NioCorp Developments Ltd. announced its intent to launch a phased approach to commercial-scale production of aluminum-scandium ("Al-Sc") master alloy in the US for commercial and defense applications. Coupled with the Company's intended plans to produce more than 100 tonnes per year of scandium oxide from its proposed Elk Creek Critical Minerals Project (the "Elk Creek Project") in southeast Nebraska, and depending upon the results of the Al-Sc master alloy initiative, receipt of necessary funding and other factors, the initiative could establish the US as a leading producer of scandium, according to NioCorp CEO and Executive Chairman Mark A Smith. Under an exclusive agreement with Boston-based Nanoscale Powders LLC ("NioCorp") the initial work is expected to result in the production of several ingots of Al-Sc master alloy at potentially commercial amounts of scandium content using a proprietary process developed by Nanoscale that increases efficiency and reduces environmental impacts of Al-Sc production over traditional approaches. The addition of scandium to aluminum alloys produces a much stronger alloy that reduces weight, improves corrosion resistance, and allows for reliable welding operations. Al-Sc alloy has large emerging applications in automotive and mass transit systems, commercial aviation, space, and defense markets. The traditional method of introducing scandium into Al-Sc alloys is via a master alloy containing 98% aluminum and 2% scandium. NioCorp's and Nanoscale's goal is to demonstrate the ability to make Al-Sc master alloy containing up to 5% scandium. NIOCorp and Nanoscale plan to first demonstrate Nanoscale's technology at pilot scale using purchased scandium feedstock. If proven to be technologically and economically feasibile, the goal would be to ramp up commercial production of Al-Sc master alloy prior to the Company's production of scandium oxide at its planned Elk Creek Project once sufficient financing is obtained to allow the Al-Sc master alloy initiative and the Elk Creek Project to proceed to commercial operation. NioCorp believes that providing commercial and defense markets with Al-Sc master alloy will stimulate increased consumption of scandium, which has long been constrained by a lack of supply outside of China. Anuncio • May 27
NioCorp Developments Ltd. Demonstrates Higher Niobium Recovery Rates NioCorp Developments Ltd. announced that it has successfully demonstrated the ability to recover greater amounts of the critical mineral niobium from each tonne of ore the Company expects to mine at its Elk Creek Critical Minerals Project, located in southeast Nebraska, once sufficient financing is obtained and the project is constructed. Final results from NioCorp's metallurgical demonstration plant in Trois Rivieres, Quebec, show that NioCorp's new and improved recovery process can achieve a 90.7% rate of niobium recovery through the hydrometallurgical process. Overall recovery through the pyrometallurgical production of the commercial product ferroniobium is expected to be 86.7%. NioCorp's previous approach to niobium production was able to achieve recovery rates through the hydrometallurgical and pyrometallurtical processes of 86.8% and 82.4%, respectively. The higher rates of niobium recovery from NioCorp's new process point to the likelihood of higher niobium production levels from NioCorp from the same mining tonnage, although a final determination of planned niobium production can be made only after work related to a mineral reserve update, additional engineering, updated project capital and operating cost estimates, and other required information is produced for publication in a new Feasibility Study. Potential New Forms of Niobium Products and Potential Markets: NioCorp's new process approach, which incorporates a chlorination step to improve niobium and titanium separation and purification, also has demonstrated NioCorp's ability to potentially produce three different niobium products: (1) ferroniobium; (2) niobium chloride; and (3) niobium oxide. NioCorp had previously planned to make ferroniobium, which is used by the steel industry to produce high-strength low-alloy steel alloys. Those alloys are used in the construction, automotive and transport, aerospace and defense, oil and gas, and other industries. Niobium is a $3.3 billion per year global market but is currently served by only three major niobium producers in two countries. Niobium chloride would likely be converted by NioCorp into niobium oxide, but niobium chloride is also used in glass and ceramic manufacturing. Niobium oxide is critical to multiple applications, including niobium-lithium-ion batteries, superalloys, superconducting applications, capacitors, specialized optics, and many others. Its use in niobium-lithium-ion batteries is considered by current niobium producers as one of the fastest-growing prospective global niobium markets. More Streamlined Production Process Demonstrated: NioCorp's new process has been demonstrated to be more efficient than the previous design, is expected to require fewer processing steps, and may allow the elimination of entire processes in NioCorp's planned processing plant in Nebraska, such as acid regeneration. Anuncio • May 25
NioCorp Developments Receives Notification from Nasdaq Related to Delayed Quarterly Report on Form 10-Q NioCorp Developments Ltd. announced that it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on May 24, 2023, indicating that, because the Company has not filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 (the "Form 10-Q") within the prescribed time period, the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1). The Nasdaq notification letter has no immediate effect on the listing or trading of the Company's common shares on Nasdaq. While the notification letter provides the Company the opportunity to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) within 60 days from the date of the notification letter, the Company currently expects to be in compliance with the listing rule in that timeframe. The Company filed a Notification of Late Filing on Form 12b-25 with the U.S. Securities and Exchange Commission (the "SEC") on May 16, 2023, indicating that the filing of the Form 10-Q would be delayed due to the high level of complexities in integrating GX Acquisition Corp. II ("GX") and accounting for the recently consummated business combination transaction with GX. Due to the time required to complete this process, the Company was not able to file the Form 10-Q within the five-day extension period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. In addition, further to the Company's news release on May 17, 2023, the Company expects to be subject to a management cease trade order (the "MCTO") for the delay in filing the Company's third quarter financial statements for the period ended March 31, 2023, the related management's discussion and analysis, and the CEO and CFO certifications relating to the third quarter financial statements (collectively, the "Canadian Required Documents") by the May 15, 2023 filing deadline, as extended by the Ontario Securities Commission to May 23, 2023. The MCTO will restrict all trading in securities of the Company by NioCorp's Chief Executive Officer, Chief Financial Officer and directors until such time as the Canadian Required Documents have been filed by the Company and the MCTO has been revoked by the applicable Canadian regulatory authorities. The Company's existing Insider Trading Policy prohibits any and all trading by Company employees until at least three business days following the filing of all quarterly financial statements with securities regulators in both the U.S. and Canada. Anuncio • Feb 08
Niocorp Developments Ltd.s Rare Earth Demonstration Plant Showing Strong Rare Earth Recovery Results, in Line with Expectations NioCorp Developments Ltd. announced that its demonstration-scale processing plant (the "demonstration plant") at L3 Process Development in Quebec, Canada has succeeded in producing a high-purity mixed rare earth concentrate from NioCorp's integrated demonstration plant. These encouraging results lend support to the technical feasibility of separating high-purity oxides of several key magnetic rare earths, on which the U.S. is presently 100% dependent, primarily from China, from ore comprising the Elk Creek Critical Minerals Project ("Project"). NioCorp's patent-pending demonstration scale rare earth extraction and purification solvent extraction process operation is ongoing in Trois-Rivieres, Quebec, using solutions generated by the upstream operations of the demonstration plant. The rare earths were then precipitated out of solution, producing a solid that contains 6% praseodymium ("Pr") oxide, 25% neodymium ("Nd") oxide, 0.35% terbium oxide ("Tb"), and 1.6% dysprosium ("Dy") oxide, with the balance of the solids consisting primarily of rare earths with minor base metal impurities. Based on these results, and subject to additional demonstration testing over the coming weeks, L3's process engineering team have determined that overall recoveries for these four magnetic rare earths are likely to be greater than 92% and meet commercial purity specifications for magnetic rare earth oxides. These results are in line with bench- and pilot-scale testing of L3's rare earth recovery system, as well as hydrometallurgical performance models that have been run on the rare earth recovery process upon which the demonstration plant is based. They are in line with the Company's previous published success at demonstration-scale in producing high-purity Scandium oxide at an overall recovery rate of approximately 92%. Scandium behaves very similarly to rare earths in solution while it is being separated and recovered into a high-purity oxide product. L3 is currently completing the assembly and commissioning of additional solvent extraction steps that will be run in concert with the rest of the demonstration plant to confirm these recovery numbers. NioCorp is currently focused on demonstrating its ability to recover three high-purity rare earth products: neodymium-praseodymium oxide, which is the principal component of neodymium-iron-boron ("NdFeB") permanent rare earth magnets; dysprosium oxide, and; terbium oxide. Both Dy and Tb oxide are critical to the type of powerful NdFeB magnets used in the traction motors of electric vehicles. However, very little of these high-purity separated rare earth products are made outside of Asia. As no economic analysis has been completed on the rare earth mineral resource comprising a portion of the Elk Creek Project, further studies are required before determining whether extraction of rare earth elements can be reasonably justified and economically viable after taking into account all relevant factors. Anuncio • Jan 28
NioCorp Developments Ltd. announced that it expects to receive $65 million in funding from Yorkville Advisors Global LP NioCorp Developments Ltd. announced that it has entered into a standby equity purchase agreement to issue common shares to YA II PN, Ltd., a fund managed by Yorkville Advisors Global LP for gross proceeds $65,000,000 on January 26, 2023. The company has the right, but not the obligation, to sell common shares from time to time for a period commencing at the closing of the business combination transaction and ending on the earliest of either the first day of the month next following the 36-month anniversary of the closing, or the date on which investor shall have made payment of the full commitment amount. The company will issue the shares at a purchase price equal to 97% of the volume weighted average price of the shares on the principal U.S. market for the shares during the applicable pricing period. The shares are issued in reliance to an exemption from registration pursuant to Section 4(a)(2) under the Securities Act of 1933. The shares issued will be subject to selling restrictions. Anuncio • Jan 05
NioCorp Rare Earth Demonstration Plant Showing Positive Rare Earth Recovery Results NioCorp Developments Ltd. announced that its demonstration-scale processing plant (the "demonstration plant") in Quebec, Canada has succeeded in obtaining a rare earth dissolution rate of 86-95% from Elk Creek ore through hydrochloric acid leaching, and has achieved a loading rate of rare earths as high as 99% in the follow-on solvent extraction recovery step. These relatively high rates, which were expected, point to potentially strong rates of overall recovery of separated rare earth oxides, subject to additional demonstration testing over the coming weeks. Additional solvent extraction steps will be deployed to establish the ultimate recovery rates of potential rare earth products. The demonstration plant has further established that the rare earths recovered in the initial solvent extraction step are accompanied by only two impurities of note: iron and a very small amount of nickel. Given the success of this initial separation step, L3 and NioCorp expect that losses in the additional solvent extraction steps would be low. NioCorp is currently focused on demonstrating its ability to recover three high-purity rare earth products: (1) neodymium-praseodymium ("NdPr") oxide, which is the principal component of neodymium-iron-boron ("NdFeB") permanent rare earth magnets, (2) Dysprosium ("Dy") oxide, and (3) Terbium ("Tb") oxide. Both Dy and Tb oxide are critical to the type of powerful NdFeB magnets used in the traction motors of electric vehicles. However, very little of these high-purity separated rare earth products are made outside of Asia. Recent Insider Transactions Derivative • Dec 02
Executive Chairman exercised options to buy CA$972k worth of stock. On the 28th of November, Mark Smith exercised 1.50m options at around CA$0.54, then sold 647.44k of them at CA$1.18 each and kept the remainder. Since December 2021, Mark's direct individual holding has increased from 19.35m shares to 19.57m. Company insiders have collectively bought CA$1.5m more than they sold, via options and on-market transactions, in the last 12 months. Anuncio • Sep 27
NioCorp Developments Ltd. (TSX:NB) entered into a definitive agreement to acquire GX Acquisition Corp. II (NasdaqCM:GXII) in a reverse merger transaction. NioCorp Developments Ltd. (TSX:NB) entered into a definitive agreement to acquire GX Acquisition Corp. II (NasdaqCM:GXII) in a reverse merger transaction on September 26, 2022. Under the agreement, NioCorp will acquire GXII and intends to be listed on the Nasdaq Stock Exchange soon after the acquisition closes. NioCorp shares will also continue to be traded on the Toronto Stock Exchange. Post-closing, the NioCorp Board will include two directors from GXII. The transaction is subject to effectiveness of the registration statement on Form S-4, the satisfaction of customary closing conditions, including certain governmental approvals, the approval of the TSX, and the approval of certain elements of the proposed Transaction by a majority of shareholders of GXII and a majority of NioCorp shareholders voting to approve such elements. NioCorp intends to use the proceeds from the proposed transaction and the contemplated financings to advance its efforts to launch construction of the Elk Creek Project and move it to commercial operation. The transaction has been approved by the Board of Directors of each of NioCorp and GXII. The proposed business combination is expected to close in the first quarter of 2023. GenCap Mining Advisory Ltd. has provided a fairness opinion to the Board of Directors of NioCorp. Scalar LLC has provided a fairness opinion to the Board of Directors of GXII. SWI Partners Limited is serving as an advisor to NioCorp. Jones Day is serving as legal counsel to NioCorp in the U.S. and Blake, Cassels and Graydon LLP is serving as legal counsel to NioCorp in Canada. NioCorp has engaged GenCap Mining Advisory Ltd. as its financial advisor. Cantor Fitzgerald & Co. is serving as lead capital markets advisor and BTIG, LLC is serving as a capital markets advisor to GXII. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to GXII in the U.S. and Stikeman Elliott LLP is serving as legal counsel to GXII in Canada. DLA Piper LLP (US) is serving as legal counsel to Cantor Fitzgerald & Co. NioCorp intends to use the proceeds from the proposed transaction and the contemplated financings to advance its efforts to launch construction of the Elk Creek Project and move it to commercial operation. Anuncio • Sep 07
Niocorp Developments Ltd.'S Demonstration Plant Begins Testing Process Improvements and Rare Earth Recovery Operations NioCorp Developments Ltd. announced that its demonstration-scale processing plant (the "demonstration plant") in Quebec, Canada is now processing ore samples from the Company's Elk Creek Critical Minerals Project (the "Project"). The demonstration plant project is intended to demonstrate that the Company can extract and separate rare earth elements from ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project financing, and that its simplified process for potentially producing niobium, scandium, and titanium is technically and economically feasible. The demonstration plant will process Elk Creek ore samples in three phases. Testing is expected to be completed over the next several weeks. NioCorp expects to publicly disclose testing results after each operational phase concludes. Phase 1 is designed to demonstrate a new approach to the initial processing of the ore that NioCorp expects to mine from the Project site, subject to receipt of necessary project funding, including calcination, initial leaching, and rare earth extraction. Phase 2 is designed to demonstrate an improved process for the second stage of leaching along with Niobium and Titanium separation. Phase 3 is designed to demonstrate the technical viability of separating high-purity versions of several target magnetic rare earth products from Elk Creek ore samples, as well as confirming previously achieved high recovery rates for high-purity Scandium trioxide. The potential magnetic rare earth products include Neodymium-Praseodymium ("NdPr") oxide, Dysprosium oxide, and Terbium oxide. NioCorp will utilize conventional solvent extraction ("SX") technology to test a rare earth separation approach developed by NioCorp and L3. NioCorp and L3 have years of collective experience in SX technology. Honan added that once operations have concluded and data analyzed, work can then turn to the design and engineering of the new process flow sheet, which in turn is expected to be incorporated into an updated Elk Creek Project Feasibility Study that incorporates an economic analysis of separated rare earth oxide products and the simplified process flow sheet. As no economic analysis has been completed on the rare earth mineral resource comprising the Project, further studies are required before determining whether extraction of rare earth elements can be reasonably justified and economically viable after taking account all relevant factors. Anuncio • Jul 06
NioCorp Developments Ltd. announced that it has received CAD 1.022554 million in funding On July 5, 2022, NioCorp Developments Ltd. closed the transaction. The transaction included participation from four investors. Anuncio • Jul 02
NioCorp Developments Ltd. announced that it has received CAD 4.781794 million in funding On June 30, 2022, NioCorp Developments Ltd. closed the transaction. The company amended the terms of the transaction. The company issued 4,981,035 units at a price per unit of CAD 0.96, for total gross proceeds to the company of approximately CAD 4,800,000. The company paid cash commissions of CAD 62,496 and 65,100 finder warrants to finders outside of the United States. The cash commission and finder warrants were each equivalent to three percent of the units raised by each finder. Each finder warrant entitles the holder thereof to purchase one common share at a price of CAD 1.10 at any time prior to July 1, 2024. One of the investors in the transaction was an entity managed by The Lind Partners, a New York-based institutional fund manager, which holds a convertible security issued by the company pursuant to a definitive convertible security funding agreement, dated as of February 16, 2021. Anuncio • Jun 30
Niocorp Developments Ltd. Files NI 43-101 Technical Report on Its 2022 Elk Creek Critical Minerals Project Feasibility Study NioCorp Developments Ltd. announced that it has filed a Technical Report prepared in accordance with National Instrument 43-101 regarding its previously announced 2022 Feasibility Study completed for the Company's Elk Creek Critical Minerals Project. According to the 2022 FS, in addition to niobium, scandium, and titanium, the Elk Creek Mineral Resource contains various amounts of all rare earth elements. There is potential for NioCorp's REEs to be mined, crushed, and placed into solution as part of the process NioCorp plans to use to produce its primary niobium, scandium, and titanium products, once Project financing is secured. Depending upon the outcome of metallurgical testing on REE recovery rates from Elk Creek ore, soon to be launched at a demonstration plant in Quebec, and on whether necessary Project financing is secured, NioCorp could produce separated rare earths as a byproduct, placing it at a competitive advantage vis-à-vis other rare earth projects. The 2022 FS was done in collaboration with Understood Mineral Resources Ltd., Optimize Group Inc., and Dahrouge Geological Consulting Ltd. It includes an updated Mineral Resource that shows that the Project has the second largest indicated-or-better rare earth resource in the U.S., second only to MP Materials' Mountain Pass deposit in California. REEs were evaluated as a potential by-product to the mining of niobium, titanium, and scandium; thus the estimated values of the REEs are reported using the previously determined diluted Net Smelter Return as derived from the Nb2O5, TiO2, and scandium Mineral Resources. Rare Earths in the Elk Creek Mineral Resource: The 2022 FS shows that the Elk Creek Project contains an estimated 632.9 kilotonnes of contained total rare earth oxides in the indicated mineral resource category.1 According to U.S. Geological Survey data,2 this places the Elk Creek Mineral Resource behind MP Materials' Mountain Pass deposit but ahead of all other current rare earth projects in the U.S. in terms of contained TREO from a NI 43-101 rare earth resource of indicated or higher classification. The Elk Creek Indicated Mineral Resource includes the following tonnages of contained metals, using a =USD 180/tonne NSR cut-off that was calculated using solely the contained niobium, scandium, and titanium in the Mineral Resource: 632.9 kt of TREO, including these individual rare earth oxides: 26.9 kt of praseodymium; 98.9 kt of neodymium; 2.3 kt of terbium; 9.1 kt of dysprosium; 970.3 kt of niobium oxide; 1,337 tonnes of scandium oxide; and 4,221 kt of titanium oxide. Next Steps in NioCorp's Plans to Add Rare Earths to the Project: Of the REEs shown by the 2022 FS to be contained in the Elk Creek Mineral Resource, NioCorp is presently focusing on the magnetic REE products neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide at purity levels that meet current commercial requirements. There currently is no commercial-scale production in North America of these separated rare earth products from ore mined in the U.S. NioCorp plans to issue a further updated NI 43-101 technical report that will detail the Company's plans for possibly producing rare earth products and will determine the net impact of integrating rare earth operations into the Project. Anuncio • Jun 14
NioCorp Developments Ltd. announced that it expects to receive CAD 4.338702 million in funding NioCorp Developments Ltd. announced a non-brokered private placement of up to 4,519,481 units at an issue price of CAD 0.96 per unit for a gross proceeds of up to approximately CAD 4,338,701.76 on June 13, 2022. Each unit consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 1.10 at any time prior to the date which is two years following completion of the transaction. The transaction is expected to close on or before Monday, June 27, 2022, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals,
including the approval of the Toronto Stock Exchange, and other customary conditions. The Company may pay finder's fees or commissions on a portion of the transaction in respect of subscriptions originated outside of the United States. All of the securities sold pursuant to the transaction will be subject to a four-month hold period, which will expire four months and one day from the date of closing. Anuncio • Jun 08
NioCorp Developments Ltd. Promotes Jim Sims to Chief Communications Officer NioCorp Developments Ltd. announced that Jim Sims has been promoted to Chief Communications Officer, a new position. Mr. Sims has served as Vice President of External Affairs since joining the Company in November 2015. In this new position, he will continue to manage investor relations, government relations, and public relations, and will provide support to capital markets initiatives. Prior to joining NioCorp, Mr. Sims was VP of Corporate Communications for Molycorp Inc. A former news reporter for the Des Moines Register and Tribune, he is the former President of the U.S. Geothermal Energy Association and Western Business Roundtable and was Chairman of the Rare Earth Technology Alliance. The former White House Director of Communications for the Energy Policy Development Group, Mr. Sims served for 11 years in the U.S. Senate, including as a Chief of Staff, and he held a top-secret security clearance. He is an honors graduate of Georgetown University. Anuncio • May 26
Peter Oliver to join Board of Directors of NioCorp Developments Ltd NioCorp Developments Ltd. announced that Peter Oliver, the former managing director of Talison Lithium (Talison) and a 30 plus year veteran of the mining and critical minerals processing industries, will join NioCorp's board of directors. Peter has a background in chemistry, Mr. Oliver served for 18 years at Talison Lithium, including 12 years as CEO/managing director and then as non-executive director. Prior to that, Mr. Oliver was general manager of Talison's Greenbushes and Wodgina Mines and served as Talison's chief operating officer. Mr. Oliver guided Talison through its acquisition in 2013 by Tianqi Lithium (Tianqi), Mr. Oliver also was the founding director of Tianqi Lithium Australia. Until June 2021, Mr. Oliver remained as a director of Talison Lithium. Prior to his work at Talison, Mr. Oliver worked in Rio Tinto's Salt and Iron Ore divisions. Peter obtained his bachelor of applied science in chemistry from Curtin University. 