Nebraska Governor Pete Ricketts Nominates the Elk Creek Project to the White House as a “High Priority National Infrastruct...
July 31 2017 - 7:00AM
Governor Pete Ricketts (R-NE) has nominated the Elk Creek
Superalloy Project as a “High Priority Infrastructure Project” in
response to the White House’s January 24, 2017 Executive Order
entitled “Expediting Environmental Reviews and Approvals For High
Priority Infrastructure Projects.” In this letter to the
Administration, Governor Ricketts made these points:
“Key to the success of a national infrastructure
re-building is utilizing as many American-made materials as
possible - particularly the high strength steels that form the
backbone of America's transportation, manufacturing, and defense
infrastructures. The Elk Creek Superalloy Project can help
the U.S. produce American-made "super steels" for infrastructure
projects across all 50 states. The Project will establish the
first-ever production in America of niobium, a metal that helps to
make High Performance Steel (HPS). These super steels are
increasingly used in highway bridges and in virtually all
mega-steel infrastructure projects in order to reduce corrosion,
lengthen lifespans, cut costs, and reduce environmental impacts.
American-made HPS steel can help highway bridges last in excess of
a century. That will reduce taxpayer costs and strengthen
safety... We need niobium, Mr. President, yet we don't mine a
single pound of it in the U.S. today. Nebraska wants to
change that, and as rapidly as possible.”
On Behalf of the Board of Directors,
"Mark Smith”
Mark Smith Executive Chairman, CEO, and
Director
For More Information:
Contact Jim Sims, VP of External Affairs, NioCorp Developments
Ltd., +1 303-503-6203, jim.sims@niocorp.com
About NioCorpNioCorp 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
StatementsNeither 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 potential
future production at the Elk Creek Project, anticipated products to
be produced at the Elk Creek Project, the future critical and
strategic nature of niobium and scandium, anticipated costs of
production at the Elk Creek Project being competitive, and
anticipated competitive advantages. 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 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 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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