Establishing a Shelf Registration Gives NioCorp Necessary
Flexibility Regarding Financing Options
CENTENNIAL, Colo., Nov. 2, 2021 /PRNewswire/ -- NioCorp
Developments Ltd. ("NioCorp" or the
"Company") (TSX:NB)
(OTCQX:NIOBF) today announced the filing of a US
$200 million shelf registration
statement on Form S-3 (the "Shelf Registration Statement") with the
U.S. Securities and Exchange Commission (the "SEC").
If and when declared effective by the SEC, the Shelf
Registration Statement will allow the Company the flexibility from
time to time to offer and sell up to $200
million of securities, including common stock, on a
registered basis in the U.S. The specific securities and
terms of each such future offering of securities, if any, along
with the intended use of any net proceeds therefrom, would be
described in detail under a separate prospectus supplement at the
time of any such offering.
Mark A. Smith, NioCorp's CEO and
Executive Chairman, said: "I think it is prudent to maintain
flexibility so that NioCorp can access capital markets on a timely
and efficient basis, which the Shelf Registration Statement will
allow us to do if and when it is declared effective."
The Registration Statement relating to these securities has
been filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the Shelf Registration Statement becomes effective. Any
offering of the securities covered by the Registration Statement
will be made solely by means of a prospectus and an accompanying
prospectus supplement relating to that offering. A copy of the
prospectus included in the Shelf Registration Statement may be
obtained on the SEC's website at www.sec.gov. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any offer for sale, or
solicitation of an offer to buy, any of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
@NioCorp $NB.TO $NIOBF #ElkCreek #niobium #scandium
#rareearth
For More Information:
Contact Jim Sims, VP of External
Affairs, NioCorp Developments Ltd., 303-503-6203,
jim.sims@niocorp.com
About NioCorp
NioCorp is developing a superalloy materials project in
Southeast Nebraska that will
produce Niobium, Scandium, and Titanium. Also under consideration
by the Company is the production of several magnetic rare earth
products. 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. Magnetic rare
earths, such as Neodymium, Praseodymium, Terbium, and Dysprosium
are critical to the making of Neodymium-Iron-Boron ("NdFeB")
magnets, which are used across a wide variety of defense and
civilian applications.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release may constitute
forward-looking statements, including statements regarding the
effectiveness of the Shelf Registration Statement and the
flexibility it will allow NioCorp to access the capital markets,
potential future securities offerings, and the Company's ability to
produce Niobium, Scandium, Tiatanium and rare earths products at
the Elk Creek Superalloy Materials Project. Forward-looking
statements are based on estimates and assumptions made by the
Company in light of its experience and its perception of historical
trends, current conditions and expected future developments, as
well as other factors that the Company believes are appropriate in
the circumstances.. Readers are cautioned that such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause a change in such
forward-looking statements 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.
