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The have a decade of experience of mining shareholders bids to fatten their bank accounts via obscene salaries and bonuses on this deal alone!!! That takes skill. And they are setting up to milk that nipple for years more. So many fish. So many paychecks.
It is a desperate pump. And a very pathetic effort.
“Their collective years of experience in mining” can’t apply on Elk Creek Project unfortunately.
NASDAQ:NB hashtag#NioCorp - Study Finds Electrifying NioCorp’s Critical Minerals Mine Could Lead to Faster Time to Full Production Plus Significant Economic and Environmental Gains
https://lnkd.in/e_RcSHEr
You haven't been around for the previous feasibility studies. Mark touts all the great consultants and experts that went into helping to create the prior feasibility studies. I don't want to sound more negative than I am, but I suspect millions of dollars went into designing and planning the water removal and mine shaft designs. We subsequently learn that ground freezing and Railveyor technologies are superior design options. Why not get it right the first time? I can't recall if it's two or three feasibility studies later and we wait. Time and money wasted at our expense. Management touts their collective years of experience in mining. Today's announcement makes me question why they can't get it right the first time. Am I missing something?
Sounds like they are trying to get ahead of the huge increase in CAPEX that will come if they are able to get the FS funded. Got to keep control of the narrative after all.
I picked up on that too. Doesn't exactly inspire a lot of confidence.
Thanks ge11, good find,
I just now received it in my email, so I’m assuming the company disseminated to the entire public through press releases prior to sending it out to people on the NioCorp email list.
A scoping study is akin to PEA. They better have something a lot better than that to avoid loan default.
“It should be noted that this scoping study was restricted to initial mine design, cost modelling, and scheduling. There has been no work completed on portal boxcut geotechnical, updated mine electrical distribution system, or modification to surface ventilation infrastructure. All assumptions utilized industry standards and best engineering judgment. NioCorp would require more study work to determine if this approach would be beneficial for the Company, but initial findings are positive.”
We need finance news , everything else is FLUFF
From the article:
"The Railveyor system is a tried-and-true technology that has been in operation for years in underground mines," said Scott Honan, NioCorp's Chief Operating Officer. "NioCorp is examining this option very seriously, and we do not anticipate that choosing this technology pathway will delay an update to the Feasibility Study for our Elk Creek Critical Minerals Project."
So why are we only hearing about this recently?? Given the information about CAPEX and OPEX reductions, perhaps designing this into the previous FS would have presented a better package for investors and financers.
Went down a similar waste of time and money getting permitting and other requirements to pipe water to the Missouri River. That design was cut when ground freezing was subsequently adopted and a new FS was released. The issue I have is the ground freezing technology wasn't new either.
Makes management look ill-informed and making bad decisions when these "new approaches" (which are really old approaches) are subsequently touted.
I wasn't able to digest the news in full detail.
The outlook to save a great amount of money CAPEX + OPEX is of course great.
However, since I haven't looked at it in detail I am a bit sceptical if this technology is substantial and feasible or if this is just the next hype. What puzzles me is where is this suddenly coming from and why haven't we heard about it before?
I also would like to know when they plan to finish the next FS and what the obstacle are for it.
I contact Jim from time to time and sometimes I get an answer and sometimes I don't.
I will do so again after I was able to read the news and think about it.
Sounds exciting, they better take a good long time to consider this option. Thank goodness they didn't break ground in 2017!
A recent study by Optimize Group Inc. suggests that NioCorp's Elk Creek Critical Minerals Mine could achieve significant economic and environmental benefits by switching to an electrified Railveyor system. This new approach could reduce initial capital expenditures (CAPEX) by 53.1%, operating expenses (OPEX) by 1.5%, and sustain capital expenses by 8.2%. The electrification could also cut the time to full production by five months and lower the mine's carbon footprint. The transition to a fully electric Railveyor system is not expected to delay the updated Feasibility Study.
Key findings include the potential for significant initial CAPEX reductions due to decreased pre-development time and infrastructure complexity, a reduction in operating cost-per-tonne of ore, and increased schedule flexibility. However, additional studies are needed to confirm these benefits.
NEWS!
“Study Finds Electrifying NioCorp’s Mine Could Lead to Faster Time to Full Production Plus Significant Economic and Environmental Gains“
People: WAKE UP!! You continue to WASTE your time posting on here. THERE IS NOTHING TO REPORT...other than bad news. But you WANT to keep believing.....bc you WANT easy money..... even though IT'S CLEAR this has been a con-job....just like MolyCorp....and IBC...
Just STOP with this NONSENSE.....posting per a comment from JS.....posting per a rail system....posting posting posting. There is NOTHING to post, but the record....LIES LIES LIES / EXCUSES EXCUSES EXCUSES.....NB is GOING NOWHERE bc an updated FS will demonstrate the con this has been....
As stated previously, IF the materials/elements are in the ground TO THE EXTENT CLAIMED....there would have been a passion to COMPLETE IT.....and the resources allocated to do so! All lies folks. WAKE UP! This stock will be where IBC is by next year at this time.....largely due to another RS....get ready....this is who MS is....
I think it's been clear for a while that it wasn't going to happen this quarter. Management still trying to raise money to satisfy due diligence plus looking for separate funding from exim for its feasibility study.
Additional info - full article on Yahoo
Study Finds Electrifying NioCorp's Critical Minerals Mine Could Lead to Faster Time to Full Production Plus Significant Economic and Environmental Gains
NioCorp Developments Ltd.
Mon, May 20, 2024, 2:01 PM MDT
https://finance.yahoo.com/news/study-finds-electrifying-niocorps-critical-200100809.html
Thanks Greg:
Have a great evening!
How do we STEM the BLEEDING ??? this is getting STUPID!!
LM.
Niocorp isn't on either the 5/23 or 5/30 EXIM board agenda so that effectively eliminates a final decision by the end of Q2, but doesn't rule out other news by then.
https://www.exim.gov/news/meeting-minutes
Dear Yorkville and Management,
we get excited.....
Oh I fully expect silence up to and past 6/1. No idea what the plan could be.
If the "big" news announcement this week is just an article from SafeCapital or Macro Trends, we're in trouble. Those are paid marketing outlets and shouldn't be considered as the news that will get this stock past the minimum trading baseline to avoid the loan repayment.
At this point, I fear only substantial news about EXIM or Stellantis can get us over the hump.
Meanwhile, Jim Sims and Mark Smith are focused on IBC earnings this week, not NioCorp.
Monocle- I think that's what threw me (and maybe other investors off) i.e., when we finally learned from Jim S in my early April '24 email exchange, that we were waiting on raising financing for the FS (but i was under the impression that oh well, since it wasn't a foregone conclusion, rather TBD, that EXIM actually needed the FS to move forward with the financing processing............... but then, we found out later that we are also waiting on financing for the EXIM due diligence........SUPRISE........ so the thought of getting EXIM approval by the 'conservative estimate' of first half of '24, doesn't even seem possible?? is it just me, or does it always seem that there is a great deal of ambiguity on sequence of tasks and interdependence of task(s), i.e., which task is a prereq. for other tasks..... here in NioVille......... Lots of confusion on that front with this company...... hard to keep score of where we are at any moment in time here in Nio-mine-Ville.... we could think that we are waiting patiently on some pivotal, massively important, share price moving NEWS on the EXIM financing decision front....... when in actuality, we are just waiting to scrape up some money in order to pay for the EXIM due diligence!! arghhhhhh................. since when does a gub'ment agency request the lendee to pay for the due diligence for the loan request!? dang.... that's kinda why we are asking for a loan homer... cuz we don't have no money..... $$$ Hashtag/#DOH!!
Always another 6-9 MONTH ' ReStart the clock over again' twist or turn around the next corner with the Nio chuggga chugga train......
Choooooo Chooooooooooooo...... and Koooo Kooooo (clock restart) and yaddda yaddda!
NCT- ridin' the train..... and re re re resetting the clock........ ZZZZZZZzzzzzzzzzzzzzz
Q&A from the 5/20/2024 IBC Investor Webcast as recorded by D. Eubank in real-time "5/20/2024 IBC Investor Webcast"
Get this information before IBC posts the Webinar at:
https://reddit.com/r/IBC_Advanced_Alloys
They need to raise money for exim's due diligence too. Can't be much going on right now... waiting for $$$
I had holiday’s on the mind today, since it’s a holiday here right now in the Great White North.
Wasn’t deliberately trying to get points at your expense, but of course that is always fun to do at times. Haha
First read the news release about the financing agreement:
https://www.niocorp.com/niocorp-announces-closing-of-financing-agreement/
in that is the "measuring period". The 5 consecutive trading days leading up to the payment date.
5-24 is the 1st of the 5 days because 5-27 is a holiday in the US and markets are closed. The equity conditions stated in the agreement must be met on each of the 5 days of the measuring period or the payment terms laid out in the agreements begin on June 1st. At least that's how it reads. There may be more legalese I don't understand behind it. Putz pointed out that I forgot the holiday in my own country LOL so the company has until friday this week to pull something out of the hat or we will be in default of the agreement this Friday by market close if we arent at 1.2x2.75usd VWAP and 500k volume. You need the closing price to calculate the VWAP.
Putz,
Help me understand, what event or transaction is related to May 24th. I apologize, I have been paying close enough attention to the board.
"Monday is a Holiday, so the 5 consecutive days starts on the Friday, May 24, 2024 which means we either get substantial news on or before the 23rd, or a trading halt for news on Friday the 24th".
Hey everybody: Please CEASE fooling yourselves!! IF....IF the materials/elements ARE in the ground TO THE EXTENT CLAIMED....an updated FS would have been completed months and months ago....and the financing would have been in place to do so! We have been HAD folks....
EXIM WILL NEVER finance Elk Creek with this management team....full of cons and liars....
You nailed it Truth. Where did the competitive tension go and in the end Nio was sliced up by a bunch of hyenas. I can understand if Lender A walked away from the table after leading Mark on but there should have been multiple bidders lined up to take their place. Never got an answer to that one.
Thanks Chico! Great information, helping me to get back into it after being in New Orleans last week.
Monday is a Holiday, so the 5 consecutive days starts on the Friday, May 24, 2024 which means we either get substantial news on or before the 23rd, or a trading halt for news on Friday the 24th.
Part of your quote
Thanks for your excellent post Chico, really appreciate it..... the only thing there that is worrisome is the part about months of work remaining to finish the FS... and no money to finish it..... argh..... I'll bet lots of investors were VERY suprised at that status when it was dropped on investors a few weeks ago! ARGH......
NCT
Lind, Yorkville, and GXII come to Mark Smith and lay out their deals.
“Mark, have we got a deal for you! This deal will bring in top dollar to us at a premium to the shareholders and the company will loose hundreds of millions in market cap”. Mark: “Sounds fantastic, where do I sign?”
Seriously though, Mark has proclaimed there has been competitive tension between lenders for years. Yet, he gives up a tremendous amount of equity of the company to GXII in a deal that cost shareholders $$$ with nothing in return. Then he has to go to Lind and Yorkville to keep the lights on and pay their ridiculous salaries and bonuses with toxic financing?!?! It appears we’ve had a lot of smoke blown up our arses over the years 🤬
Let's go, turn the wheels around....
2024 more years low will end
Have a nice day
Monday morning is here. Crickets so far. If the vwap on 5-27 is not 3.30 or the volume not 500k on just 1 day of the 5 next week is that automatic default of the orifice dilator deal they just signed? So we have 32.5 hours of trading to make something happen? What was imminent this time guys?
Maybe this isn't a big deal in the long run. I don't know how they make the payments but who knows. Just in the dark with everyone else.
Me too NORCAL! Holding with many small retail investors like myself who still believe in the project.
a) Waiting for ESIA /EXIM environmental study & conclusion.
b) DoD/Pentagon Scandium monies +/-$10 million (Earmarked via N.D.A.A. 2024 specifically for U.S. Scandium production)
c) The "Early as Possible"...2024 Feasibility Study which will "Validate" all the goodies (Niobium, Scandium, Titanium, REE's, CaCO3, MgCO3 & some Iron Stuff), all the critical mineral production tonnages proven as SCALE (Via the New Proprietary Separation Process), & the final CAPEX/OPEX & NPV; all for the FINAL LAST TIME!
d) EXIM Financing $800/Debt
e) Stellantis or other Interested Entities involved in $400 Million Equity/partnership or other means.
f) Final Off-take agreements & REE Magnet production agreements with NEO performance?? or other U.S. entities T.B.D.
FOR CONTEXT See some of my recent shared responses from management below:
***SEE RESPONSES FROM NIOCORP/JIM SIMS FROM AUGUST 14, 2023 ~Good morning - Jim!
While waiting for Niocorp’s 2023 F.S. Release… The announcement for Scandium Alloy Production & Scandium alloy funding are most welcome!
Leading me to add to my line of questions regarding Scandium & (Niocorp).
A) Would Niocorp qualify for a portion of this recent funding once approved by Congress? Moving forward.
RESPONSE:
"We will announce updates on our ongoing talks with Stellantis when we and Stellantis have a public announcement to make. That is how it works when two public companies engage in business transactions such as this."
gotta ask.
RESPONSE:
"Yes, potential downstream integration is being examined with regard to rare earths, as we are doing with scandium alloys. Our team has been involved in running commercial operations an across all five stages of the mine-to-magnet supply chain, including magnets."
Used my other stock(LWLG) as piggy bank, sold enough shares there to pay off what I spent on warrants here. Psychologically it would lessen my anxiety.
Nice that you have that kind of pocket change.
Not half million, it was about $380k I put in.
Hope is a not a great investment strategy. You spent about a half million on hope. I hope your heirs forgive you.
i meant we have no choice but to wait.... (EXIM + Stellantis).. early '2024 has come and gone, but maybe the conservative 'by end of Q2' will come in.... it seems to coincide with debt repayment so let's hope..... and also, we just recently learned that we are also asking EXIM to help with the FS financing..... well, that's good to know, altho it was like pulling teeth getting that info from IR.......
And the beat goes on...... and on ................... and on........
at some point..... yaddda
NCT
LOL well we closed at 2.22 and down 2.20%. That's quite a numerical coincidence. I better have 2 lunch beers. 🤪
Perhaps 2 news releases in the next 2 weeks.
Closed at 2.22
Angel Number 222 signifies good fortune in finances, relationships, and career.
Positive vibes 💪
well you know, you are already wealthy. If they do end up worthless at least it wont matter to you much.
I am as a realistic person as you are, but still hope my warrants would not expire worthless.
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Moderators Prudent Capitalist stark12 Landmark8211111 Nebraskan ALDRADJKD123 Rader1977 |
NioCorp Developments Ltd. is a U.S.-based mineral development company focused on developing several superalloy metals from the proposed Elk Creek, Nebraska Critical Minerals Mine. NioCorp plans to produce three commercial mineral products — Niobium, Scandium, and Titanium — from a single ore body in the Midwestern United States. NioCorp's Elk Creek Project is highly unique. It is North America's only niobium / scandium / titanium project. It is the highest grade niobium project in North America. It is one of the largest prospective producers of scandium in the world. Once in production, it will initiate the first production in the U.S. in decades of Niobium and Scandium. All three of the Project's proposed superalloy metals have been designed as "Critical Minerals" by the U.S. Government.
NioCorp is a publicly company that is listed on both the Toronto Stock Exchange under the ticker symbol "NB" and on the U.S.-based OTCQX exchange under the symbol "NIOBF." Shares are also traded on the Frankfurt Exchange, under the ticker symbol "BR3."
NioCorp Developments Ltd.—
General Inquiries:
Telephone: (720) 639-4647
Investor Relations:
Jim Sims, VP External Affairs
Phone: +1 855-2-NIOCORP (855-264-6267)
Email: jim.sims@niocorp.com
NioCorp Developments Ltd.— Denver
7000 S. Yosemite St., Suite 115, Centennial, CO 80112
Reporting Status | International Reporting: TSX Venture Exchange |
Audited Financials | Audited |
Latest Report | 2/7/20 (FOR REPORTING PERIOD ENDING 12/19) |
CIK | 0001512228 |
Fiscal Year End | 6/30 |
OTC Marketplace | OTCQX International |
SIC - Industry Classification | 1061 - Ferro-alloy ores (except vanadium) |
Business Status | Development Stage Company a/o |
Incorporated In: | British Columbia, Canada |
Year of Inc. | 1987 |
DIRECTORS AND MANAGEMENT
Mark A. Smith | CEO, President |
Neal Shah | CFO |
Jim Sims | VP, Bus. Affairs, IR |
Scott Honan | VP, Bus. Dev. & Corp. Rel. |
John Ashburn, Jr. | Vice President, General Counsel, Corporate Secretary |
CORPORATE PRESENTATION: http://niocorp.com/wp-content/uploads/NIoCorp_Corporate_Presentation.pdf
Overview of the Elk Creek Project: http://www.niocorp.com/elk-creek-project/
U.S. Geological Society description of Elk Creek Carbonatite
"The Elk Creek carbonatite, located south of Lincoln, has the potential to be one of the largest global resources of niobium and rare-earth elements (REE). These REE's have many important applications in industry, including petroleum-cracking catalysis, steel alloying, and glass polishing, and as sources of permanent magnets and phosphorus for television and lighting.
The Elk Creek carbonatite is buried beneath about 500 feet of overlying rock and is known only from drill cores, which, until recently, have remained proprietary. Scientists from the USGS and the Conservation and Survey Division (CSD) of the Institute of Agriculture and Natural Resources at the University of Nebraska--Lincoln have studied drill cores."
LINK TO CHART: http://stockcharts.com/h-sc/ui?s=NIOBF&p=W&yr=2&mn=0&dy=0&id=p85189412906
Website: http://www.niocorp.com
MEDIA, LINKS, SELECTED PRESS RELEASES :
http://investorintel.com/technology-metals-intel/niocorps-mark-smith-on-the-rising-global-interest-in-superalloys-scandium-and-niobium/
http://niocorp.com/index.php/press-releases/299-positive-metallurgical-test-results-point-to-process-breakthrough-that-may-help-reduce-capex-and-opex-in-niocorp-s-elk-creek-project
https://www.youtube.com/watch?v=OKO2VkR2MMk&feature=youtu.be
https://www.youtube.com/watch?v=mWOHEQRzWQQ&feature=youtu.be
https://www.youtube.com/watch?v=u_earl9doNM&feature=youtu.be
http://niocorp.com/index.php/press-releases/230-niocorp-named-the-top-performing-mining-company-on-the-tsx-venture-exchange-and-announces-conditional-approval-of-graduation-to-the-toronto-stock-exchange
https://www.youtube.com/watch?v=IbEbivUi2o4
http://wallstreetanalyzer.com/niocorp-developments-tsxvnbotcqxniobf-ceo-interview-update/
http://www.youtube.com/watch?v=R19DMe1ouqg
http://www.niocorp.com/index.php/press-releases/media/197-niocorp-ceo-mark-smith-interviewed-by-bnn
http://www.niocorp.com/index.php/press-releases/media/190-bold-nebraska-comments-on-the-development-of-the-elk-creek-niobium-deposit
http://www.niocorp.com/index.php/press-releases/media/189-tracy-weslosky
http://www.quantumrareearth.com/press-releases/163-former-molycorp-ceo-mark-a-smith-joins-niocorp-developments-ltd.html
http://www.niocorp.com/index.php/press-releases/media/183-rare-mineral-project-in-nebraska-to-bring-huge-economic-opportunities
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make super-high-performance alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and has extensive uses in aerospace, defense, transportation, medical, and other applications. It also is a key component of pigments used in paper, paint and plastics.
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