CENTENNIAL, Colo., Feb. 23, 2021 /PRNewswire/ -- NioCorp
Developments Ltd. ("NioCorp" or the
"Company") (TSX:NB) (OTCQX:NIOBF) is
pleased to announce that it has signed a contract with Cementation
USA, Inc, part of the Cementation
Americas group ("Cementation"), a leading global underground mine
contracting and engineering company, to continue advancing detailed
engineering work associated with the Elk Creek Superalloy Materials
Project (the "Project").
Under the contract, Cementation will conduct an evaluation of
the current design for the Project's underground mine and prepare a
detailed cost estimate for the final detailed engineering that
would be required to bring the mine design to "Issued for
Construction" status. As previously announced here, NioCorp
selected Cementation as the lead Engineering, Procurement, and
Construction contractor for the underground aspects of the Project.
NioCorp expects to engage Cementation, if and when additional
Project financing becomes available, to undertake Phase 2 of the
contract, which involves completion of the detailed engineering for
the mine.
Based in Sandy, UT, Cementation
is a mining- and minerals-focused group of companies, delivering
both underground and surface solutions for mines and downstream
minerals processing facilities worldwide. Cementation
specializes in delivering sustainable engineering, procurement,
construction, commissioning, and operations and maintenance
solutions to the mining and minerals industry.
@NioCorp $NB $NIOBF #ElkCreek #Niobium #Scandium #ElkCreek
#Nebraska #Cementation
For More Information
Contact Jim Sims, VP of External
Affairs, NioCorp Developments Ltd., 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 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 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.
Forward-Looking Statements Disclaimers
Certain statements contained in this document may constitute
forward-looking statements, including statements regarding
NioCorp's expectation that it will secure Project financing
sufficient to continue advancing the Project, including completion
of required detailed engineering. 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 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.