CENTENARY, Colo., June 7, 2022 /PRNewswire/ — NioCorp Developments Ltd. (“NioCorp“or the”Company“) (TSX: NB; OTCQX: NIOBF) is pleased to announce that Jim Sims was promoted to Director of Communications, a new position.
Mr. Sims has served as Vice President of External Affairs since joining the company in November 2015. In this new role, he will continue to manage investor relations, government relations and public relations, and provide support for capital markets initiatives.
“The Board and I are pleased to announce this well-deserved promotion for Jim,” said Mark A. Smith, CEO and Executive Chairman of NioCorp. “Jim works tirelessly at NioCorp on multiple fronts to help move our Elk Creek project forward, and he is a key member of the management team. His energy and dedication to success are key attributes that help keep our shareholders very knowledgeable.”
Prior to joining NioCorp, Mr. Sims was Vice President of Corporate Communications for Molycorp, Inc. Former reporter for the Des Moines Register and Grandstand, he is the past president of the US Geothermal Energy Association and the Western Business Roundtable and served as president of the Rare Earth Technology Alliance. A former White House communications director for the Energy Policy Development Group, Mr. Sims served 11 years in the US Senate, including as chief of staff, and held a top-secret security clearance. He graduated with honors from Georgetown University.
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For more information
Contact Jim SimsDirector of Communications, NioCorp Developments Ltd., +1 (303) 503-6203, [email protected]
NioCorp is developing a critical minerals project in Southeast Nebraska which will produce niobium, scandium and titanium. The Company is also evaluating the potential for production of several rare earth by-products from the Project. Among other things, niobium is used to produce high-strength low-alloy (“HSLA”) steel, a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is often combined with aluminum to make alloys with increased strength and better corrosion resistance. Scandium is also an essential component of advanced solid oxide fuel cells. Titanium is used in various 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 manufacture of neodymium-iron-boron (“NdFeB”) magnets, which are used in a wide variety of military and civil.
Caution Regarding Forward-Looking Statements
Certain statements contained herein may constitute forward-looking statements. These forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company deems appropriate in circumstances. Readers are cautioned that these forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause these forward-looking statements to differ and that actual results and estimates differ materially from estimated future results, achievements or results or planned. position expressed or implied by these forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp’s plans or prospects to change include risks relating to NioCorp’s ability to operate as a going concern; risks relating to NioCorp requiring significant additional capital; changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and to comply with laws and regulations and other regulatory requirements; the possibility that actual results of the work may differ from projections/expectations or fail to realize the perceived potential of NioCorp’s projects; risks of accidents, equipment failures and labor disputes or other unforeseen difficulties or disruptions; the possibility of cost overruns or unforeseen expenses in development programs; operational or technical difficulties related to exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of reserve and resource grades; the risks associated with exploration, development and mining activities, and the risks set forth in the documents filed by the Company with the Canadian securities authorities at www.sedar.com and 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.
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SOURCE NioCorp Developments Ltd.