The Inflation Reduction Act of 2022 includes multiple financial and tax incentives designed to encourage greater production of critical minerals in the U.S. Virtually all of the critical minerals NioCorp intends to produce as part of its Elk Creek Critical Minerals Project in Nebraska would be eligible for new tax credits once the Project is financed and placed into commercial production.
NioCorp has closed its previously announced non-brokered private placement of units of the Company. A total up-sized offering of 4,981,035 Units were issued at a price per Unit of C$0.96, for total gross proceeds to the Company of approximately C$4.8 million.
NioCorp has filed a Technical Report prepared in accordance with National Instrument 43-101 regarding its previously announced 2022 Feasibility Study completed for the Company’s Elk Creek Critical Minerals Project.
NioCorp announced that it intends to offer, on a non-brokered private placement basis, up to 4,519,481 units of the Company at a price of C$0.96 per Unit for gross proceeds to the Company of up to approximately C$4.35 million.
In this new video, NioCorp CEO and Executive Chairman Mark A. Smith discusses the geopolitics of rare earths and why it is imperative for the U.S. and its Western allies to produce more of their own rare earths, as well as build out new mine-to-magnet supply chains.
NioCorp Developments (TSX: NB; OTCQX: NIOBF) is pleased to announce that Jim Sims has been promoted to Chief Communications Officer, a new position.