NioCorp Developments (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is pleased to announce that it has filed a CIM-compliant Technical Report (the “Report”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) regarding a Feasibility Study completed for the Company’s Elk Creek Superalloy Materials Project (the “Project”).
NioCorp Executive Chair and CEO, Mark A. Smith said:
“The Elk Creek Project is highly unique on many levels, and one of the most powerful aspects of the project is that it enjoys a level of project de-risking that is one of the best I have seen.
The Project has 75% of its Ferroniobium product under contract. It has a key federal permit already in hand. It enjoys strong local community support, and support from both political parties. It now has a very detailed Feasibility Study that was completed after just over three years of work. This project is ready to move forward.
The filing of our NI 43-101 Technical Report allows us to accelerate our ongoing discussions with potential institutional investors in the U.S., Asia, Europe, and elsewhere, including with the German Government’s loan guarantee program.”