Vancouver, British Columbia – November 24, 2014 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) [TSX-V: NB; OTCQX: NIOBF; and FSE: BR3] is pleased to announce the signing of individual confidentiality agreements with Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC.
The purpose of each confidentiality agreement is to commence the review of non-public information and seek counsel on the Company’s long-term planning strategy. “We are extremely pleased to have two elite firms, Credit Suisse and Morgan Stanley, involved this early in the process. I believe that financial relationships with firms of this magnitude should be established now so by the time the technical studies are complete, the Company can proceed immediately to the next step of the project.” stated Mark Smith, CEO of NioCorp.
About the Company: NioCorp is developing the only primary niobium deposit known to be under development in the United States, and the highest grade undeveloped niobium deposit in North America, located near Elk Creek, Nebraska. The Company has filed an updated NI43-101 compliant resource report, available on SEDAR, reporting an Indicated resource of 28.2 Million Tonnes grading 0.63% Nb2O5, containing 177 Million Kg’s of Nb2O5, and an Inferred resource of 132.8 Million Tonnes grading 0.55% Nb2O5, containing 733.7 Million Kg’s of Nb2O5, (at a 0.3% Nb2O5 cutoff grade). Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries. The U.S. imports 100% of its niobium needs.
For further information, contact Julie Champlin, Investor Relations Manager at (720) 639-4650 or at [email protected]
“Peter Dickie”
President, Corporate Secretary and Director
Cautionary Statements:
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