NioCorp Announces Appointment of Nilsa Guerrero-Mahon to Its Board of Directors
CENTENNIAL, Colo. (September 28, 2017) – NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX: NB, OTCQX: NIOBF, FSE: BR3) is pleased to announce the appointment of Nilsa Guerrero-Mahon, CPA & CFE, of Denver, Colorado, to the Company's Board of Directors.
A former Chief Financial Officer and Controller for global corporations in the technology, energy, and government sectors, Mrs. Guerrero-Mahon currently serves as the Vice Chair of the Board of Directors of Centura Health Mountains & North Denver Operating Group, the largest division ($1.5 billion) in the Centura Health Care System. Previously, she served as the Vice Chair of the Board of Directors and Chaired the Strategy Committee at St. Anthony Hospital, now a member of the Centura Health Mountains & North Denver Operating Group. Among other prior positions, she was the Financial Controller and the Controls and Compliance Manager for Microsoft Global Services organization.
Mrs. Guerrero-Mahon is a gubernatorial appointed Board Member of the State of Colorado Financial Services Commission. She serves on Microsoft’s Council for Digital Good and is a Lead Mentor for Boomtown, an innovative and effective technology start-up accelerator.
Mrs. Guerrero-Mahon is qualified as an “Audit Committee Financial Expert” for the U.S. Securities and Exchange Commission (SEC). She has an extensive background with the implementation and compliance of the Sarbanes Oxley Act (SOX) and working directly with the Audit Committees and Risk Management Committees of publicly traded companies.
Mrs. Guerrero-Mahon received an Executive MBA from the Daniels College of Business at the University of Denver and a B.S. in Business Administration - Accounting from the Interamerican University in San Juan, Puerto Rico. She has served as an adjunct faculty member at the University of Denver and provided forensic accounting services for the U.S. Department of Justice.
"We are very pleased to bring someone of Nilsa’s deep experience and strategic financial expertise to the NioCorp Board," said Mark A. Smith, CEO and Executive Chairman of NioCorp. "The Company and our shareholders will be particularly well served by Nilsa’s highly diverse experience in multiple global markets and her proven track record in improving operational execution.”
On Behalf of the Board of Directors,
Executive Chairman, CEO, and Director
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Source: NioCorp Developments Ltd.
@NioCorp $NB $NIOBF $BR3 #Niobium #Scandium #ElkCreek
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 also is 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.
Cautionary Note Regarding Forward-Looking Statements
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this document. Certain statements contained in this document may constitute forward-looking statements, including but not limited to potential future production at the Elk Creek Project, anticipated products to be produced at the Elk Creek Project, the future critical and strategic nature of niobium and scandium, anticipated costs of production at the Elk Creek Project being competitive, and anticipated competitive advantages. Such forward-looking statements are based upon NioCorp’s reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. 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 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.