NioCorp Plans to Investigate Feasibility of Rare Earth Permanent Magnet Recycling - Seite 2

If NdFeB magnet recycling feasibility is successfully demonstrated through this program, and if NioCorp receives sufficient project financing to construct its planned Elk Creek Project facility, NioCorp may be able to increase its planned production of neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide beyond what may be contained in the Elk Creek ore body. As no economic analysis has been completed on the rare earth mineral resource comprising the Elk Creek Project, further studies are required before determining whether extraction of rare earth elements can be reasonably justified and is economically viable after taking account of all relevant factors.

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@NioCorp $NB $NB.TO #rareearth #neodymium #praseodymium #dysprosium #terbium #ElkCreek #Niobium #Scandium #permanentmagnets

Qualified Persons:
Scott Honan, M.Sc., SME-RM, COO of NioCorp Developments Ltd., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical information and verified the data contained in this news release.

For More Information
Jim Sims, Chief Communications Officer, NioCorp Developments Ltd., 720-334-7066, [e-mail]

About NioCorp
NioCorp is developing a critical minerals project in Southeast Nebraska that is expected to produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Elk Creek Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be 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 lightweight 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 magnets, which are used across a wide variety of defense and civilian applications.