NioCorp Files NI 43-101 Feasibility Study for the Elk Creek Superalloy Materials Project

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.”

Click here to read the full text release. 

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