Former Managing Director and CEO of Talison
Lithium Brings Decades of Experience in Resource Development,
Critical Minerals Processing, Mergers & Acquisitions, and
Project Financing
CENTENNIAL, Colo., May 25, 2022
/PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or the
"Company") (TSX: NB) (OTCQX: NIOBF) is pleased to
announce that Peter Oliver, the
former Managing Director of Talison Lithium ("Talison") and
a 30+ year veteran of the mining and critical minerals processing
industries, will join NioCorp's Board of Directors.
"On behalf of the NioCorp Board, let me say that we are all
thrilled to have Peter join the NioCorp organization," said
Mark A. Smith, CEO and Executive
Chairman of NioCorp. "Peter is an exceptionally successful
leader in the global mining business, and his experience spans the
entire spectrum of resource development, operations and process
optimization, public company management, global M&A, and
project financing. Peter will be a highly valuable addition
to the NioCorp enterprise."
"A fundamental shift is occurring across the globe as nations
move much more aggressively toward lower-carbon economies and the
technologies that enable this transition," said Mr. Oliver.
"This has put into sharp focus the necessity of securing adequate
supplies of the critical metals needed for such a historic
transformation. In my view, NioCorp is positioned to take
advantage of this shift once project financing is secured and the
project begins commercial operation. For me, this is a
wonderful opportunity to join NioCorp's Board and assist the
Company in many aspects of moving this project to commercial
operation."
With a background in chemistry, Mr. Oliver served for 18 years
at Talison Lithium, including 12 years as CEO/Managing Director and
then as Non-Executive Director. Prior to that, Mr. Oliver was
General Manager of Talison's Greenbushes and Wodgina Mines and
served as Talison's Chief Operating Officer.
Mr. Oliver guided Talison through its acquisition in 2013 by
Tianqi Lithium ("Tianqi"), which was valued at approximately
1 billion CAD. He then served as a
corporate adviser to Tianqi, focusing on M&A opportunities and
global expansion, including advising on the sale of 49% of Talison
Lithium and the acquisition of 24% of SQM, valued in excess of
4 billion USD, as well as significant
expansions of Talison Lithium's Greenbushes lithium concentrate
production.
Mr Oliver also was the founding director of Tianqi Lithium
Australia, a wholly owned subsidiary of Tianqi Lithium, which was
established to build a major Lithium Hydroxide manufacturing
facility in Western Australia. Until June 2021, Mr Oliver remained as a director of
Talison Lithium, a joint venture between Tianqi Lithium and
Albemarle Corp.
Prior to his work at Talison, Mr. Oliver worked in Rio Tinto's
Salt and Iron Ore divisions. He obtained his Bachelor of
Applied Science in Chemistry from Curtin
University (Western
Australia). He resides in Perth, Australia.
@NioCorp $NB.TO $NIOBF #Niobium #Scandium #ElkCreek #rareearth
#neodymium #terbium #dysprosium
For More Information
Contact Jim Sims, VP of External
Affairs, NioCorp Developments Ltd., +1 (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 itanium. The Company also is
evaluating the potential to produce several rare earths from the
Project. 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 document may constitute
forward-looking statements, including but not limited to statements
regarding Mr. Oliver's prior professional experience and his
expected contributions to NioCorp as a member of the Board.
Such 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 NioCorp's ability to operate as a
going concern; risks related to NioCorp's requirement of
significant additional capital; risks related to feasibility study
results; changes in demand for and price of commodities (such as
fuel and electricity) and currencies; 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; 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.