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NioCorp Developments Ltd.
Summary
| Project: | Elk Creek | |
|---|---|---|
| Deposit: | Elk Creek | |
| Location: | United States | |
| Commodities: | Niobium-Titanium-Scandium | |
| Date: | 12/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-12-2017: NioCorp Developments Ltd. announces a Feasibility Study report for its Elk Creek deposit at the Elk Creek project. Amended report, contents remain the same, additional supporting information. CENTENNIAL, Colo., June 30, 2017 (GLOBE NEWSWIRE) - | |
| Resources: | (Reserve, Prob.) 31661Kt @ 0.79% Nb2O5, 2.81% TiO2, 71.58g/t Sc at Elk Creek | |
| CP/QP: | [Resources]: Ben Parsons (SRK Consulting (US) Inc.) | |
| ABSTRACT: | CENTENNIAL, Colo., June 30, 2017 (GLOBE NEWSWIRE) -- NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) and (FSE:BR3) is pleased to announce the results of a positive CIM-compliant National Instrument 43-101 Feasibility Study (“FS”) for the Company’s 100% owned Elk Creek Superalloy Materials Project (the “Project”) in Nebraska. The FS work was performed by SRK Consulting (US) Inc., with assistance from Tetra Tech, SMH Process Innovation, MineFill Services, Inc., and Olsson Associates. “After a little more than three years of intense work and detailed independent analysis by dozens of technical experts, the Elk Creek Project feasibility study significantly de-risks this project and positions us to advance to the next stages – project financing and eventual construction start,” said NioCorp Executive Chair and CEO, Mark A. Smith, P.E., Esq. “The primary goal of any project feasibility study is to de-risk the proposed project such that financing can be obtained,” said Mr. Smith. “This feasibility study accomplishes that core goal. Coupled with the fact that we have commitments for 75% of our ferroniobium over the first 10 years – 50% going to ThyssenKrupp Metallurgical Products and 25% going to CMC Cometals of New Jersey – and that we have in hand a major federal government permit, this project is significantly de-risked at this stage. In particular, it will allow us to continue ongoing discussions with potential institutional investors in Europe and elsewhere, including with the German Government’s loan guarantee program, for which the Elk Creek Project has already received in-principle eligibility.” | |
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