CENTENNIAL, Colo., Dec. 14, 2020 /PRNewswire/ -- NioCorp
Developments Ltd. ("NioCorp" or the "Company")
(TSX: NB; OTCQX: NIOBF) is pleased to announce the
appointment of Fernanda Fenga to its
Board of Directors.
A former senior executive at the world's largest producer of
niobium, Companhia Brasileira Metalúrgica e Mineração
("CBMM"), Ms. Fenga currently serves as a senior advisor to
mining companies in Brazil and in
the U.S. Previously, she was Legal and Compliance Director at
Somos Educação, Brazil's largest
basic education company and one of the largest education groups in
the world.
Ms. Fenga worked for more than nine years at CBMM, where she
served as Corporate Superintendent. In that position, she
managed the company's legal, compliance, investor relations, public
affairs, and corporate risk management departments. She also
played an integral role in some of CBMM's largest commercial
transactions, two of which were valued at more than
U.S.$1.9 billion each.
Prior to CBMM, she was Senior Manager at PriceWaterhouseCoopers,
where she advised clients on corporate restructuring, tax planning,
transfer pricing, auditing, tax assessment reviews, and
Sarbanes-Oxley Act compliance.
A Certified Compliance & Ethic Professional – International
Exam ("CCEP-I"), Ms. Fenga is a Brazilian lawyer and
received her Master's Degree in Law at Fundação Getúlio Vargas –
FGV and her LLM in Corporate Law at IBMEC. She also conducted
post-graduate studies in tax law at IBET, completed the
Harvard Business School's program for
Risk Management for Corporate Leaders, and recently completed the
IBGC ("Instituto Brasileiro de Governança Corporativa")
studies for Board Members.
Fluent in both English and Portuguese, Ms. Fenga is a member of
the Society of Corporate Compliance and Ethics ("SCCE") and
the Brazilian Bar Association. She resides in Florianópolis,
Brazil.
"We are very pleased to have Fernanda join NioCorp's Board and
bring to the Company her in-depth knowledge of global niobium
markets and her years of senior executive experience in corporate
governance, legal, tax, risk management, and customer and investor
relations," said Mark A. Smith,
NioCorp CEO and Executive Chairman. "As a key player in
several billion-dollar-plus commercial transactions in the niobium
space, Fernanda will bring valuable experience and skillsets to
NioCorp."
"I am also proud of the fact that NioCorp has been able to
attract what I consider to be one of the most highly experienced
and diverse Boards among U.S. critical minerals companies," Mr.
Smith added.
"I am very bullish on the future of minerals like niobium and
scandium," said Ms. Fenga. "I have been very impressed with
the highly experienced management team NioCorp has assembled and
with the 2019 Elk Creek Technical Report Feasibility Study, which
reinforces that NioCorp has a very special and unique
project. I look forward to joining the NioCorp team and to
helping NioCorp realize its full potential as a global player in
the niobium and critical minerals market."
NioCorp $NB $NIOBF #ElkCreek #Niobium #Scandium #CBMM
#FernandaFenga
For More Information
Contact Jim Sims, VP of External
Affairs, NioCorp Developments Ltd., 720-639-4650,
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 new release may constitute
forward-looking statements, including statements regarding the
prospective value of the Company's newest Board member and the
Company's ability to secure project funding sufficient to advance
the Elk Creek Project to construction and eventual commercial
operation. 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.
