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Another Development in Niobium Mine Project

By John Nixon

12/15/2014

Mark Smith - NioCorp CEO

(KLZA)-- NioCorp Developments announced Monday the company has entered into an agreement with ThyssenKrupp Metallurgical Products concerning Niocorp's proposed niobium mine in southeast Nebraska.

Under the agreement, ThyssenKrupp will purchase about 3,750 metric tons or approximately fifty percent of NioCorp’s planned Niobium production from its Elk Creek deposit for a 10-year period. There is an option to extend the agreement beyond that time frame.

The agreement is based upon NiCorp obtaining project financing, obtaining all necessary approvals and constructing a mine at Elk Creek.

ThyssenKrupp Metallurgical Products is one of the world’s leading commodity trading companies and is based in Essen, Germany.

Mark Smith, CEO of NioCorp says “We are extremely pleased to have one of the world’s leading commodity trading company’s as a significant customer.”

Smith said having this agreement in place clearly enhances NioCorp’s prospects of achieving the milestone of obtaining financing to build a mine at Elk Creek. He did caution that achieving this goal in not assured at this time.

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.

NioCorp President Peter Dickie said this agreement would have a significant impact on the growth of the company moving forward.

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