CENTENNIAL, Colo., Oct. 29, 2020 /PRNewswire/ -- NioCorp
Developments Ltd. ("NioCorp" or the "Company")
(TSX: NB; OTCQX: NIOBF) is pleased to announce that its Elk
Creek Superalloy Materials Project (the "Project") has been
selected as an "Infrastructure Project of the Year" by CG/LA
Infrastructure, the global leader in infrastructure strategy and
project development. The award was announced during the CG/LA
Infrastructure's 12th North American Infrastructure Leadership
Virtual Forum on October 28, 2020, at
which NioCorp presented.
NioCorp's Project was originally named as one of the Top 100
infrastructure projects in the U.S. by CG/LA Infrastructure.
This week, it was nominated as one of three top projects in the
"Finance/Funding" category. The Elk Creek Project then
received the most votes from infrastructure and industry leaders,
and from the public, to earn the top position in its category.
The Infrastructure Project of the Year Awards, sponsored by
leading capital project management software provider Oracle
Construction and Engineering, are one of the highlights of every
Leadership Forum event. The awards recognize the projects -
and the leaders behind the projects - identified as global models.
The projects are highlighted for their outstanding commitment
across five categories: Job Creation, Sustainability/Green
Infrastructure, Finance/Funding, Engineering, and Strategic.
More information on the CG/LA Infrastructure's selected
Projects of the Year can be seen at GViP.io.
The award for Project of the Year in the Finance/Funding
category is given to that infrastructure-related project that
"establishes and/or most extends an innovative finance model,
moving us closer to more, better and faster infrastructure
investment. This is absolutely critical, given the pent-up demand
for infrastructure finance in the world, and the creative solutions
that many nations are developing," according to CG/LA
Infrastructure.
"NioCorp is very pleased and proud to have received this
recognition as an infrastructure project of the year, and we want
to thank both CG/LA Infrastructure and Oracle for their support of
this initiative," said NioCorp's CEO and Executive Chairman
Mark A. Smith. "In my mind,
this recognition is a testament to years of hard work by our team
to advance this critical minerals project as well as to the growing
recognition across the U.S. and the world of the absolute
criticality of producing critical minerals such as niobium,
scandium, and titanium here in the U.S."
"As the world works to rebuild and expand vital infrastructure
systems, we are going to need secure and diversified supply chains
for these critical minerals," he added. "NioCorp looks
forward to helping to deliver these materials to infrastructure
projects in the U.S. and globally."
Mr. Smith presented to the Conference on the Elk Creek Project
earlier today in a live webcast. He also spoke about the
Project in September at CG/LA Infrastructure's recent Global
Infrastructure Leadership Forum. Both conferences featured
participation by hundreds of industry, government, finance, and
investment professionals from around the world.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek #MarkSmith
#NioCorp #CG-LA #infrastructure
For More Information
Contact Jim Sims, VP of External
Affairs, NioCorp Developments Ltd., 303-503-6203,
jim.sims@niocorp.com, https://www.niocorp.com
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 is a superalloy material
that can be combined with Aluminum to make 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 is a key component of
pigments used in paper, paint and plastics and is also used for
aerospace applications, armor and medical implants.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this document may constitute
forward-looking statements, including statements regarding the
Company's plans to procure project financing, construct and bring
into commercial operation the Project, and produce niobium,
scandium, and titanium for markets in the U.S. and globally.
Readers are cautioned that such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause a change in such assumptions and the actual outcomes and
estimates to be materially different from those estimated or
anticipated future results, achievements or position expressed or
implied by those forward-looking statements. Risks, uncertainties
and other factors that could cause NioCorp's plans or prospects to
change include risks related to the Company's ability to operate as
a going concern; risks related to the Company's requirement of
significant additional capital; changes in demand for and price of
commodities (such as fuel and electricity) and currencies; changes
in economic valuations of the Project, such as Net Present Value
calculations, changes or disruptions in the securities markets;
legislative, political or economic developments; the need to obtain
permits and comply with laws and regulations and other regulatory
requirements; the possibility that actual results of work may
differ from projections/expectations or may not realize the
perceived potential of NioCorp's projects; risks of accidents,
equipment breakdowns and labor disputes or other unanticipated
difficulties or interruptions; the possibility of cost overruns or
unanticipated expenses in development programs; operating or
technical difficulties in connection with exploration, mining or
development activities; the speculative nature of mineral
exploration and development, including the risks of diminishing
quantities of grades of reserves and resources; and the risks
involved in the exploration, development and mining business and
the risks set forth in the Company's filings with Canadian
securities regulators at www.sedar.com and the SEC at www.sec.gov.
NioCorp disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise.
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SOURCE NioCorp Developments Ltd.
