CENTENNIAL, Colo., Jan. 24, 2022 /CNW/ -- NioCorp Developments Ltd.
("NioCorp" or the "Company") (TSX: NB; OTCQX:
NIOBF) is pleased to announce that it has been named to the
2022 OTCQX® Best 50, a ranking of top performing companies traded
on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and
international companies traded on the OTCQX market. The
ranking is calculated based on an equal weighting of one-year total
return and average daily dollar volume growth in the previous
calendar year. Companies in the 2022 OTCQX Best 50 were
ranked based on their performance in 2021.
"We are very pleased to have received this recognition as a top
performing stock on the OTCQX in 2021," said NioCorp CEO and
Executive Chairman Mark A.
Smith. "2021 was a significant breakout year for the
Company in many respects, and I look forward to moving this unique
and highly valuable U.S. strategic minerals project online as fast
as possible."
For the complete 2022 OTCQX Best 50 ranking, visit
https://www.otcmarkets.com/files/2022_OTCQX_Best_50.pdf.
@NioCorp $NB.TO $NIOBF #Niobium #ferroniobium #Scandium
#ElkCreek @OTCmarkets #rareearth
For More Information
Jim
Sims, VP of External Affairs, NioCorp Developments Ltd., +1
(303) 503-6203, jim.sims@niocorp.com
About NioCorp
NioCorp is developing a superalloy
materials 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.
Niobium is used to produce superalloys as well as High Strength,
Low Alloy ("HSLA") steel, which is a lighter, stronger steel used
in automotive, structural, and pipeline applications. Scandium is a
superalloy material 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 superalloys 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.
About the OTCQX
The OTCQX Best Market offers
transparent and efficient trading of established, investor-focused
U.S. and global companies. To qualify for the OTCQX market,
companies must meet high financial standards, follow best practice
corporate governance, and demonstrate compliance with applicable
securities laws.
Cautionary Note Regarding Forward-Looking
Statements
Certain statements contained in this document may
constitute forward-looking statements, including but not limited to
statements related to the Company's ability to produce Niobium,
including Ferroniobium, Scandium, Titanium and rare earths products
at the Elk Creek Superalloy Materials Project, and the Company's
expectations that the Project will reach production stage if it is
able to secure project financing. 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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content:https://www.prnewswire.com/news-releases/niocorp-named-to-2022-otcqx-best-50-301466363.html
SOURCE NioCorp Developments Ltd.