NioCorp Developments Ltd (NB) Quote

T&T , when I decided to get in NB I never considered anyone on the management team had any experience on rare earth minings. They are learning on the job as it goes, since they did not follow MP Materials sending the ores to China for refineries.

Sweet talks from CEO would never stay around me long. I also am not a simple Buy and Hold investor, during Buy and Hold I trade shares to recoup my investment money back. So I eventually hold free cost shares.

LCP77 has not had any effect on the share price. The share price is reflective of the incompetence of Niocorp management. The share price is the result of imminent financing that never materialized and the completely worthless merger with GXII.

Very sad, over a decade ago we were led to believe we were going to be breaking ground in a few short years. We have been told we were shovel ready and financing was imminent years ago.

Unfortunately, we have nothing to show for our loyalty except decade lows on our investment. It’s time for Mark Smith to either make things right with financing or face the consequences of his incompetence.

We are a long, long way from making money here. The money is multiple years away if we broke ground tomorrow.

There are chances we are going to make some money here as I don’t see LCP77 trashing NB. Am I superstitious?

Thats nice. When the other side gets in charge, they will cancel all of that. Back and forth back and forth like tennis. I hope they don't cut any deals for scandium or niobium.

Are we gonna produce rare earths? Nobody knows. 🤔

USA and Ukraine, deal to be had.

https://abcnews.go.com/amp/US/wireStory/economic-deal-us-ukraine-tie-countries-years-heres-119221532

2.90 in itself is nauseatingly pathetic. Its gut wrenching that 2.90 is the good news without any other real news. But, I'm the one that didn't sell before the spac.

I agree with you for the most part, especially
ovvver, and ovvver, and ovvver here.

In the beginning, Being overly bullish on Mark and his bull-board cronies makes me an idiot (I’m still one in that regard). I can’t figure out why he still running the company. And because he is, and the Board of Directors seem to think he’s doing everything right giving him raises all the time, makes me even more of an idiot.
They should fire him and then fire themselves for what they have done to shareholders.

Which came first the chicken or the egg? The feasibility study or the technical report?

I agree the market doesn’t know shit, but that doesn’t mean the market doesn’t move on its own, due to perception and speculation.

That big surge to $2.90 is not the Bullish end. When the bulls start buying again, and they will, they can easily push it back up to $2.90 without News but news needs to come to get us past that point.

JMO

This is not bashing or negativity. This is just the status quo here. You get some news, you get the bump, the peasants rejoice for a short time, then the silence settles in, then reality comes back. We start getting NRs about someday projects and news snippets the CEO wrote. That is not news. at all. It has happened ovvver, and ovvver, and ovvver here.

The big difference is we have a shot at some sort of big news now more than we did before. The global mineral talk and saber rattling has goosed the sector. Thats great, BUT do we have an actual harvestable resource regardless of "proven reserves"? Nothing has pointed to the positive there, but what was not palatable before might be OK now regardless of cost or difficulty. Its going good right? Thats what we said to the US Senate in person years ago now. So we are going good right?!

We don't know what is in the nebula. Do we need a big cash raise for the FS? Is the FS holding up RPMGlobal? Does the new administration actually want to move fast on building elk creek? Do we have to go through the entire exim process still? Just how important is the (as far as we know) un-funded FS? We just don't know and neither does the market.

If the compensation is commensurate with performance, then they should be receiving 80% less their previous salaries.

It already did the same day he posted that message.

And if it closes below two dollars chances are, it’s going to go to $1.86 which is the 200 and 50 MA’s and will make CDH RIGHT

I can not say you are wrong. But while waiting I am willing to make some trades hoping to make some profits.

I have much sympathy to long timers at LWLG who did not cash out when the PPS moved from $1 to $20 and back down to $1.3 as of today.

It will be under $2 by end of march unless something happens. There is no market sentiment here. There is no tension. There may be "proven reserves", but nobody has expressed interest to put up the money to harvest the orebody. I hope the us gov wants to mine it regardless of the cost because that seems to be the last resort. The news of exim moving one step into more waiting and analysis wont matter. Are we waiting on the FS? Does RPMGLobal need the FS? If they do where is that money coming from?

It's close right? Daily comms with the trump admin right?

This is headed down unless there is more substantial news. The amount it goes up wont matter anyway unless there is news. Wont even see $3.

No, it is not going down to $2.

Frustrating???? PC, stop giving management a pass. They have failed the retail investors miserably.

They would have been better off offering 200 million (20 million post split) shares on the open market 3 years ago and gotten much further than we are now and have less dilution.

Mark Smith has failed to deliver any substantial financing and he continues to blow smoke up everyone’s arse! It’s time for him to go elsewhere and get someone to close. Mark isn’t it

Monocle- Yes! it's beyond frustrating.....The opportunity cost (of investing in the nebullus Elk Creek Project) vs investing in one of The 'Mag7' or AI Darlings of Wall Street will make one cry like a baby!! sniffle sniffle.....
Yaaadddda freakin' yadddddda

The frustrating part is that they've known for 2 to 3 years that they need a feasibility study and have yet to be able to raise money for one. It's entirely possible at this point they might not finish it until 2026.

I know it is frustrating, but would rather NB be prepared and know what they will do if further drilling ultimately is required, and not just spend the $$$$$$ to do more drilling unless it is absolutely necessary.

Sorry Prudent-my bad...... I didn't read that well enough the first time you sent it....so, net net... it looks like regardless of whether additional drilling needed or not- it will still be a 9 month period to update/release the Feasability Study...... sheeeez, you woulda thought that one of our GX corporate raiders could have temporarily ponied up a few million to get us thru the FS stage until the financing came in....... which could have saved us 6-9 months..... but it looks like the GX 'Raiders are looking for a big windfall without much skin in the game..... sharks! Greed is Good Gekko...... 'Buddy'..... somewhere under some desk in some office in some corner of the world Skiluk and MaxZ a $$$Million are laughing their asses off..... or crying their asses off.... not really sure whitch...... sniffle sniffle snort snort.....
NCT

Yes, I had read all that previously. The pertinent language: "Annually review and make recommendations to the independent directors on the Board regarding the corporate goals and objectives applicable to the compensation of the CEO and evaluate at least annually the CEO’s performance in light of those goals and objectives." It would be nice to know what the actual goals are.

I haven't looked at last year's AGM documents to see if the same language was used. This is what I mentioned in my original post--from the current AGM documents: "... the Company’s executive compensation program is designed appropriately and is working effectively to help ensure that the Company compensates its named executive officers for the achievement of performance goals that will enhance shareholder value."

If this was the same language as last year, were the performance goals met that enhance shareholder value? Judging by the dilution and current share price it's hard for me to imagine that the established goals were met. Did this affect executive compensation? I can go on but I think I've made my point about what appears to be both an executive performance failure and a BOD oversight failure. Granted, I don't know what the actual goals were and I don't know what the compensation committee discussed. But, I do know that shareholder value has not been enhanced.

NCT: I have already covered that issue more than once and have posted here a number of times that it is my understanding that there is no current requirement or mandate for additional drilling, including the response from Jim Sims below on November 22, 2024:
EXIM has not yet made a final decision on whether or not they would like to see us conduct some additional drilling sufficient to move a portion of our probable reserves to proven reserves. If they do request this, we can complete that drilling campaign in about 12 weeks, and that drilling will not impact the time for completion of the Feasibility Study update, which is estimated between 6-9 months. Regardless, we are seeking funding from the U.S. Department of Defense sufficient to cover both the costs of completing the requisite Feasibility Study-level work that EXIM requires and the costs of the additional drilling.

We will publicly announce any material developments on DoD funding, a Stellantis offtake agreement, and other ongoing initiatives when they occur.

Best,

Jim Sims
Chief Communications Officer
NioCorp Developments Ltd.
Jim.sims@niocorp.com
+1 (303) 503-6203
https://www.niocorp.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175429008

Compensation is a related issue. I am talking about performance, especially as pertains to increasing shareholder value. In my past, I had performance goals and metrics that I was evaluated according to. And, I have done annual reviews where I would hold others to the performance metrics that were part of their established goals. So, what are the performance goals that are referenced in the proxy materials? Who on the BOD is holding the executive team accountable for meeting or not meeting these performance goals? Sure does look like a performance failure and an oversight failure as regards performance goals related to improving share holder value.

RPMGLOBAL Close I BELIEVE

As part of its loan review process, EXIM has selected Colorado-based RPMGlobal USA, Inc. (“RPMGlobal”) to conduct a technical review of the Elk Creek Project. NioCorp this week executed a professional services agreement with RPMGlobal to conduct its review on behalf of the Bank.


https://www.niocorp.com/exim-advances-niocorp-elk-creek-critical-minerals-project-to-independent-technical-review/

Prudent-Thank you for sending these questions to Jim! I was hoping Jim would answer the question about whether the additional work (additional drilling to prove 'probable' element assets to to 'actual' reserves, and what does 'close' mean?? a.) close to procuring financing for the additional drilling and DD necessary to satisfy the prerequisites for the application or b.) no extra DD required, financing for the work necessary to issue the updated FS or c.) something else
Since you seem to have the ability to get responses from Jim, can you see if he can answer these questions, all of which are straightforward and critical for investors to know.... in order to make informed investment decisions...
Thanks! NCT

LMAO close meaning imminent. And AGM is not going to be answers, at least not big ones. They can't talk about anything. I wouldn't either in their position.

Close????

Means what???

Getting angry........... 

Still something on the table..... 

but does that mean....... 

? 

AGM
Big answers 

Don’t know about proven reserves (pg 33) of Niobium, Scandium,Titanium but it all seems to be there.

From Canada’s goings-on with Ukraine, a bit of reading.

https://www.cucc.ca/wp-content/uploads/2021/04/derzhgeonadra.pdf

I sent all of NCT's questions to Jim sims in an e-mail, and his responses are set out below in red:

Jim:

A few timely questions if you are able to respond substantively:


First: What are the potential ramifications for NioCorp regarding the potential Agreement with Ukraine for critical minerals and REE’s?

Virtually zero, other than his focus will soon shift more to the domestic mining side once he realizes that, even if he gets some form of mining or resource concessions there, it will be many years before any private company is willing to do exploratory work on land that is littered with unexploded ordinance and where the Russians are still within rocket and artillery range.

Second: How are you and the Executive team viewing the replacement in leadership at EXIM? I know Mark and the rest had a very strong relationship with the former Chair. Are the changes viewed positively for NioCorp?

Yes, on several levels, but I cannot comment on those at this point, given that John is awaiting Senate confirmation and interactions have to be very carefully done.

And Third: Are you able to give an update on where we are with financing to begin or complete an updated BFS?

Close.

Jim Sims
Chief Communications Officer
NioCorp Developments LTD
+1 (303) 503-6203
Jim.Sims@NioCorp.com
https://www.NioCorp.com

Do you mean negotiating with Russia for REEs from Russian occupied Ukraine? If this is making America great, you can keep it. I want us to be GOOD

2 $ bye bye.....
Mark
Can we add some compensation 😅😅😅

Compensation Committee
NOTICE OF MEETING AND MANAGEMENT INFORMATION AND PROXY CIRCULAR
Annual General Meeting of Shareholders to be held on March 20, 2025
Page 27

https://www.sec.gov/Archives/edgar/data/1512228/000153949725000278/n2574_x244-def14a.htm

The Compensation Committee is currently comprised of Michael J. Morris, as Chair, David C. Beling, Nilsa Guerrero-Mahon, and Dean C. Kehler, all of whom are independent directors. None of the members of the Compensation Committee has been one of our officers or employees at any time. During the fiscal year ended June 30, 2024, the Compensation Committee met two times. A copy of the Compensation Committee’s Charter is available on the Company’s website at www.niocorp.com.

The Compensation Committee’s general duties and responsibilities are to, among other things:

• Review the Company’s executive compensation programs to ensure the attraction, retention and appropriate reward of executive officers;

• Annually review and make recommendations to the independent directors on the Board regarding the corporate goals and objectives applicable to the compensation of the CEO and evaluate at least annually the CEO’s performance in light of those goals and objectives;

• Review and recommend the approval of the CEO’s compensation level to the independent directors of the Board;

• Review and approve, for the Company’s executive officers other than the CEO, annual compensation for such officers;

• Make recommendations to the Board on director compensation and compensation for the Chairman of the Board position;

• Review and administer the Company’s equity and non-equity incentive compensation and other plans;

• Assist the Board in overseeing the development, implementation, and effectiveness of the Company’s strategies and policies regarding human resources and talent management; and

• Review the risks associated with the Company’s compensation policies and practices.

The Compensation Committee may delegate all or a portion of its duties and responsibilities to a subcommittee of the Compensation Committee and may delegate to an officer authority to approve grants and awards, and the terms and conditions of such grants and awards, under any of the Company’s equity incentive-based plans to the extent expressly provided in such plans. A more complete description of the duties and responsibilities of the Compensation Committee is set out in the Compensation Committee’s Charter.

Compensation Committee Interlocks and Insider Participation

During the fiscal year ended June 30, 2024, Michael J. Morris, David C. Beling, Dean C. Kehler, and Nilsa Guerrero-Mahon served on the Compensation Committee. None of these individuals was an employee or an officer of the Company during the fiscal year ended June 30, 2024, was formerly an officer of the Company, or had any relationship with the Company requiring disclosure under Item 404 of Regulation S-K. In addition, during the fiscal year ended June 30, 2024, none of our executive officers served on the compensation committee or full board of any company for which any of Messrs. Morris, Beling, or Kehler or Ms. Guerrero-Mahon (or any of the Company’s other directors) served as an executive officer.

AO: We need to remember that the primary resources within the Elk Creek project are Niobium, Scandium and Titanium, and that the REE's are in addition to that. Does anyone know if Ukraine has proven reserves of Niobium, Scandium and Titanium?

stark: The Board compensation committee handles that, and does an analysis of comparable executives in comparable companies, etc. Unless I have missed something, none of the top executives on the Board serve on the compensation committee of the Board which establishes their compensation.

You can vote for each BOD member individually. I wonder if we can actually cast GXII out for good. I see no reason for them to be on the BOD. They will still get their money if this actually takes off, but they have brought nothing the table besides abject regret.

I'm not actually faulting them, our people were the ones that actually believed the GX shareholders would not immediately redeem their shares and head for the hills. That was pretty wild. I would be less embarrassed to show up at the emergency room with something stuck.

I was reviewing the proxy documents prior to voting and noted the following: "... the Company’s executive compensation program is designed appropriately and is working effectively to help ensure that the Company compensates its named executive officers for the achievement of performance goals that will enhance shareholder value."
I bolded the part that drew my attention. Does anyone know the specifics about what the performance goals are for each executive? I didn't find the specific goals detailed but maybe I missed them.

Of course, it raises the question as to what the performance goals were for the last annual cycle and whether these goals were met or not.

While I don't think the lack of transparency around these internal metrics is unusual, I would need to be convinced that these lofty sounding statements about performance goals have any true substance. Does the Board of Directors hold the performance reviews of the various executives? Does Mark, as a director, recuse himself from evaluating his own performance as an executive?

So, if all of the company executives are meeting the performance goals that the company and board sets, why has shareholder value plummeted and why does the project remains stalled? To say performance goals that will enhance shareholder value and not deliver actual performance that enhances shareholder value points to failure to meet the performance goals. I understand goals can be aspirational, but talk is cheap. It is well past time to get past the financing finish line and start construction on Elk Creek. Results matter.

I assumed it was in regards to the commercial scale plant results

It doens't really say much. Not surprising since there isn't anything happening on the property.

2024 emissions inventory report, all zeroes, unfortunately.

Some previous year stuff disclosing some equipment that doesn't amount to much because this is still basically untouched land and farmland. maybe the guys cutting firewood made some dust. 🤔

Can anyone open this newest DEQ REPORT on Emissions test results dated Jan 6/25

DEQ Facility Number
97622

https://ecmp.nebraska.gov/PublicAccess/index.html?&MyQueryID=340

Very weak men, if you can call them that.

So now POTUS is starting negotiations over REE's from Russia. So, please add that addtl resource to JS's email.

I still think Elk Creek "needs" to be developed because REE"s from Ukraine or Russia are always at risk of supply disruption. I hope POTUS and EXIM take that in to consideration.

https://finance.yahoo.com/news/trump-teases-economic-development-with-russia-as-he-marks-the-third-year-of-the-war-in-ukraine-215643953.html

This management team are the kind of men who make breakfast for their wives boyfriend lol. I also agree with Putz, I will again be voting 🗳️ to have them removed. Won’t matter but at least we all have a voice when we vote. Still optimistic we start construction this year!!

As an aside, I wouldn't be shocked if Zelensky overstated the realistic value knowing it would involve long-term deep-pocket investment in his war torn country, which was already one of the poorest in Europe, and will need significant rebuilding, as he was the one who first floated the idea (that he's now balking at).

https://www.bbc.com/news/articles/c20le8jn282o
Zelensky first included the offer of an agreement on minerals in the so-called "victory plan" that he presented to Trump last September.
https://www.atlanticcouncil.org/blogs/ukrainealert/why-is-ukraine-still-so-poor/

https://bestdiplomats.org/poorest-countries-in-europe/

If you call Jim, calling me a Putz, yep

First Name Basis

The boys haven’t sent the proxy information out for me yet lol
I guess that’s what happens when you delist from the TSX, you forget you have Canadian investors.

My broker is retrieving it or I would have voted today

Hahaha..... I know he's monitoring this board.... and i know you and him are on first name basis.... he's punishing me cuz i spanked you a lil bit... hehe

NCT

He doesn’t like you yelling at me.

Roflmao

Go NioCorp Go

Thanks, Richard. Just sharing what I find out there in the public space. While the headline was likely clickbait for anti-Trumpers, I thought they did a fairly good job of balancing that out stating, yeah, there are REMs there, they're just hard to get to and will require significant investment. They also had a link to another article that went more in depth and identifies resources in Ukraine, but interestingly doesn't mention niobium, scandium, neodymium or praseodymium.

https://www.intellinews.com/what-does-ukraine-have-to-offer-the-deal-loving-trump-to-get-his-support-353512/
Ukraine is home to the largest reserves of uranium in Europe; the second-largest reserves of iron ore, titanium and manganese; and the third largest reserves of shale gas, the Washington Post reported. It also has large deposits of the hard-to-find lithium, graphite and other rare earth metals, according to a 2022 report by the Canadian geopolitical risk-analysis firm SecDev.
And then there's this:

https://meta.eeb.org/2022/07/27/a-materials-war-ukraine-and-the-race-for-resources/
A part of the 3 to 11.5 trillion dollars worth of resources in Ukraine is now under Russian boots. This includes elements such as tantalum and niobium that are used for green(er) technologies as well as aviation, transportation and construction. As the amounts of elements like tantalum and niobium are state secrets, it is hard to estimate how much of it is now in Russian hands, but these materials are found in Donetsk and south of Zaporizhzhia, which are occupied by Putin’s invading army.
A lot of moving parts here.

Can someone who has a good working relationship with Jim S. (he doesn't answer me anymore.... crickets..... )
Ask Jim:
- What NB's stance is regarding the Ukraine critical mineral deal - and how it might affect NB's plight.....
- What does the replacement of EXIM top management mean for NB's application? i.e., speedier phase 2 approvals possibly? is it viewed by NB management as an encouraging development in the uber-slow EXIM approval process?
- How far are we from possibly getting financing for the FS publishing piece?

We should be able to get responses from Jim Simms, that is his job as IR Director, h'e making $350K to deal with shareholders, not sure if or what else they are doing on a daily basis back in Centennial- while waiting for the EXIM phase approvals and FINANCING!?

Please have Jim weigh in on these questions- It's his job!!

NCT

Ukraine is indeed rich in rare earth minerals,which are essential for modern technology and various industries. According to research, Ukraine has significant deposits of rare earth elements (REEs) such as lanthanum, cerium, neodymium, erbium, and yttrium12. These elements are used in various applications, including TVs, lighting, wind turbines, electric vehicle batteries, nuclear power, and lasers12.

Additionally, Ukraine has reserves of other critical minerals like lithium, cobalt, scandium, graphite, tantalum, and niobium1. These minerals are crucial for the production of devices for green energy and other advanced technologies1.

The presence of these minerals has been well-documented and proven through various studies and reports. Ukraine's reserves of these critical minerals account for approximately 5% of the world's total reserves.

Above is from Copilot Ai on bing.
Copilot also had several links, some research is needed if you're interested.

https://finance.yahoo.com/news/putin-holds-meeting-rare-earth-193743054.html