NioCorp Secures Last Remaining Land Easement Needed Prior to Completion of its Elk Creek Project Feasibility Study
April 10 2017 - 08:52AM
NioCorp Developments Ltd. (“
NioCorp” or the
“
Company”) (TSX:NB) (OTCQX:NIOBF) and
(FSE:BR3) announces that it has reached agreement with private
landowners on the final land parcel needed prior to completion of a
feasibility study for its Elk Creek Superalloy Project (the
“
Project”) in Nebraska.
The perpetual easement negotiated last week between NioCorp and
the land owners for is a land parcel at the terminus of the
Company’s proposed waterline to the Missouri River from its
facility near Elk Creek. The easement facilitates the
shortest route for the waterline between the facility and the
Missouri River, which helps to cut costs, reduce the Project’s
environmental footprint, and furthers the Company’s goal of
minimizing impacts to federally regulated wetlands and stream
channels.
As has been previously announced, the Company has successfully
negotiated agreements with Nebraska landowners for all land parcels
needed for the construction and operation of its planned Elk Creek
mine and surface manufacturing facility.
“We are very pleased that we have reached agreement with
Nebraska landowners to access all of the surface land and
sub-surface areas needed to move this project forward to
construction launch,” said Mark A. Smith, Executive Chairman and
CEO of NioCorp Developments Ltd. “Scott Honan and his team
have built very strong and enduring partnerships with so many
landowners in the area, and these landowners continue to be
extraordinarily helpful and enthusiastic as we move the Elk Creek
Project forward. I am very proud that we are building this
project hand-in-hand with the people of southeast Nebraska.”
NioCorp’s success in minimizing impacts to federally regulated
wetlands and stream channels has been a key focus of the
project. As a result of metallurgical process breakthroughs
achieved by NioCorp’s technical team in recent months, and the
Company’s discovery of processes that can help to recycle waste
material into usable feedstock for its manufacturing facility, the
Company’s planned manufacturing facility, underground mine,
tailings impoundment, and nearly all of its Missouri River
waterline are now estimated to result in zero permanent impacts to
any federally jurisdictional waters.
On Behalf of the Board of Directors,
"Mark Smith”
Mark Smith Executive Chairman, CEO, and Director
Source: NioCorp Developments, Ltd.@NioCorp
$NB $NIOBF #Niobium #Scandium #ElkCreek
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 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
Neither TSX nor its Regulation Services Provider
(as that term is defined in the policies of the TSX) accepts
responsibility for the adequacy or accuracy of this document.
Certain statements contained in this document may constitute
forward-looking statements, including but not limited to NioCorp’s
ability to access all surface land and sub-surface areas necessary
to facilitate construction and operation of the Project, its
ability to implement the metallurgical process and waste recycling
improvements noted in this release, its ability to minimize impacts
on federally regulated wetlands and stream channels, and its
ability to secure permits necessary to enable the Project to be
constructed and to operate and the scope and timing of such
permits. Such forward-looking statements are based upon NioCorp’s
reasonable expectations and business plan at the date hereof, which
are subject to change depending on economic, political and
competitive circumstances and contingencies. 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
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; and the risks
involved in the exploration, development and mining business and
the risks set forth under the heading “Risk Factors” in the
Company’s S-1 registration statement and other filings with 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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