CENTENNIAL, Colo., Feb. 19, 2021 /PRNewswire/ -- NioCorp
Developments Ltd. ("NioCorp" or the
"Company") (TSX: NB) (OTCQX: NIOBF) is pleased to
announce that its previously announced funding deal for
US$10 million with Lind Global Asset
Management III, LLC, an investment entity managed by The Lind
Partners, a New York-based
institutional fund manager, has been funded and is now
closed. NioCorp has received net proceeds of US$9.65 million from the Funding.
@NioCorp $NB $NIOBF #ElkCreek #Niobium #Scandium #Nebraska
For More Information
Contact Jim Sims, VP of External
Affairs, NioCorp Developments Ltd., 720-639-4650,
jim.sims@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 is also 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.
About The Lind Partners
The Lind Partners is an institutional fund manager and leading
provider of growth capital to small- and mid-cap companies publicly
traded in the US, Canada,
Australia and the UK. Lind makes
direct investments ranging from US$1
to US$30 million (plus follow-ons),
invests in syndicated equity offerings and selectively buys on
market. Lind has completed more than 100 direct investments
totaling over $1 Billion in value and
has been a flexible and supportive capital partner to investee
companies since 2011.
Forward-Looking Statements Disclaimers
Certain statements contained in this document may constitute
forward-looking statements, including statements regarding the
expected closing of the financing, the receipt of proceeds
therefrom and the intended use of proceeds for the purposes
enabling the Company to purchase the surface land and associated
mineral rights to more than 90% of the Project's Mineral Resource
and Mineral. 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.
