CENTENNIAL, Colo., June 7, 2022
/PRNewswire/ -- NioCorp Developments Ltd. ("NioCorp" or
the "Company") (TSX: NB; OTCQX: NIOBF) is pleased to
announce that Jim Sims has been
promoted to Chief Communications Officer, a new position.
Mr. Sims has served as Vice President of External Affairs since
joining the Company in November 2015.
In this new position, he will continue to manage investor
relations, government relations, and public relations, and will
provide support to 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 advance our
Elk Creek Project, and he is a key member of the management
team. His energy and dedication to success are critical
attributes that help keep our shareholders very well informed."
Prior to joining NioCorp, Mr. Sims was VP of Corporate
Communications for Molycorp, Inc. A former news reporter for
the Des Moines Register and Tribune, he is the former
President of the U.S. Geothermal Energy Association and Western
Business Roundtable and was Chairman of the Rare Earth Technology
Alliance. The former White House Director of Communications
for the Energy Policy Development Group, Mr. Sims served for 11
years in the U.S. Senate, including as a Chief of Staff, and he
held a top-secret security clearance. He is an honors
graduate of Georgetown University.
@NioCorp $NB.TO $NIOBF #Niobium #Scandium #ElkCreek #rareearth
#neodymium #terbium #dysprosium #JimSims
For More Information
Contact Jim Sims, Chief Communications Officer, NioCorp
Developments Ltd., +1 (303) 503-6203, jim.sims@niocorp.com
About NioCorp
NioCorp is developing a critical
minerals project in Southeast
Nebraska that will produce Niobium, Scandium, and
Titanium. The Company also is evaluating the potential to
produce several rare earth byproducts 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 improved
corrosion resistance. Scandium is also a critical 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 making of
Neodymium-Iron-Boron ("NdFeB") magnets, which are used across a
wide variety of defense and civilian applications.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements contained in this document may
constitute forward-looking statements. Such 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 believes are appropriate in
the circumstances. Readers are cautioned that such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause a change in such forward-looking statements
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 NioCorp's
ability to operate as a going concern; risks related to NioCorp's
requirement of 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 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; the risks involved
in the exploration, development and mining business, and the risks
set forth in the Company's filings with Canadian securities
regulators 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.