NioCorp’s Mark Smith tells Proactive Investors’ Stephen Gunnion that the recently-announced business combination agreement with GX Acquisition Corp II should accelerate a Nasdaq listing for NioCorp and could provide the Company with some of the capital it needs to further advance the financing effort for its Elk Creek critical minerals project in Nebraska.
NioCorp CEO and Executive Chairman Mark Smith will present on its Elk Creek Critical Minerals Project at the 2022 International Scandium Symposium, which will take place at the Westgate Resort Hotel in Las Vegas on Thursday, October 20, 2022.
Automotive and other manufacturers should not count on sufficient supplies of rare earths and other critical minerals coming from China, because China is increasingly consuming its own production for electric vehicles and other technologies that use permanent rare earth magnets, according to NioCorp’s CEO.
NioCorp Developments GX Acquisition Corp. II have announced the signing of a definitive agreement for a proposed business combination between the two companies.
More states are likely to follow California’s lead in banning the future sale of internal combustion engine vehicles as a means of accelerating demand for electric vehicles and addressing climate change, according to NioCorp CEO and Executive Chairman Mark Smith, and that will drive higher demand for EV-critical minerals.