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Institutional Investor Provides an Additional US$250,000 to NioCorp Following NioCorp’s Closing of its Oversubscribed Non-Brokered Equity Financing

CENTENNIAL, Colo. (January 20, 2016) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) announced today that it has received an additional US$250,000 in First Tranche funding as part of a definitive convertible...

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ABOUT NIOCORP

NioCorp is developing a critical minerals project in Southeast Nebraska, subject to receipt sufficient project financing, that will produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Elk Creek Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal 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 lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron magnets, which are used across a wide variety of defense and civilian applications.

CONTACT US

US Headquarters:

7000 S. Yosemite St. Suite 115
Centennial, CO 80112

General Inquiries:
Telephone: +1 (720) 334-7066

Investor Relations:
Jim Sims, Chief Communications Officer
+1 (720) 334-7066
Jim.Sims@NioCorp.com

 

Canadian Offices

NioCorp Developments Ltd.
c/o Blake, Cassels & Graydon LLP
3500 ‑ 1133 Melville Street, Vancouver, BC  V6E 4E5

CAUTIONARY STATEMENTS

This web page, and the content linked from this page, contain forward-looking statements and non-GAAP financial measures.  Readers are urged to review the Company’s cautionary statements regarding such forward-looking statements and non-GAAP financial measures here.

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