NioCorp Announces Appointment of Nilsa Guerrero-Mahon to Its Board of Directors
September 28 2017 - 5:59AM
NioCorp Developments Ltd. (“NioCorp” or
the "Company”) (TSX:NB) (OTCQX:NIOBF)
(FSE:BR3) is pleased to announce the appointment of Nilsa
Guerrero-Mahon, CPA & CFE, of Denver, Colorado, to the
Company's Board of Directors.
A former Chief Financial Officer and Controller for global
corporations in the technology, energy, and government sectors,
Mrs. Guerrero-Mahon currently serves as the Vice Chair of the Board
of Directors of Centura Health Mountains & North Denver
Operating Group, the largest division ($1.5 billion) in the Centura
Health Care System. Previously, she served as the Vice Chair
of the Board of Directors and Chaired the Strategy Committee at St.
Anthony Hospital, now a member of the Centura Health Mountains
& North Denver Operating Group. Among other prior
positions, she was the Financial Controller and the Controls and
Compliance Manager for Microsoft Global Services organization.
Mrs. Guerrero-Mahon is a gubernatorial appointed Board Member of
the State of Colorado Financial Services Commission. She
serves on Microsoft’s Council for Digital Good and is a Lead Mentor
for Boomtown, an innovative and effective technology start-up
accelerator.
Mrs. Guerrero-Mahon is qualified as an “Audit Committee
Financial Expert” for the U.S. Securities and Exchange Commission
(SEC). She has an extensive background with the implementation and
compliance of the Sarbanes Oxley Act (SOX) and working directly
with the Audit Committees and Risk Management Committees of
publicly traded companies.
Mrs. Guerrero-Mahon received an Executive MBA from the Daniels
College of Business at the University of Denver and a B.S. in
Business Administration - Accounting from the Interamerican
University in San Juan, Puerto Rico. She has served as
an adjunct faculty member at the University of Denver and provided
forensic accounting services for the U.S. Department of
Justice.
"We are very pleased to bring someone of Nilsa’s deep experience
and strategic financial expertise to the NioCorp Board," said Mark
A. Smith, CEO and Executive Chairman of NioCorp. "The Company
and our shareholders will be particularly well served by Nilsa’s
highly diverse experience in multiple global markets and her proven
track record in improving operational execution.”
On Behalf of the Board of Directors,
"Mark Smith”
Mark Smith Executive Chairman, CEO, and
Director
Source: NioCorp Developments
Ltd. @NioCorp $NB $NIOBF $BR3 #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 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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