NioCorp Developments Ltd. Files Annual Financial Statements and Reports

NioCorp Developments Ltd., a leading developer of critical minerals projects, announced today that it has filed its annual financial statements for the 12 months ended June 30, 2023. The company also submitted the related management’s discussion and analysis, as well as the CEO and CFO certifications, to regulatory authorities.

NioCorp filed these documents on the System for Electronic Document Analysis and Retrieval (SEDAR) on October 6, 2023. Additionally, the company submitted its Annual Report on Form 10-K for the same period to the U.S. Securities and Exchange Commission.

This filing represents a significant milestone for NioCorp as it demonstrates the company’s commitment to transparency and accountability. By providing comprehensive financial information, NioCorp aims to keep its stakeholders well-informed about its operations and financial performance.

NioCorp is currently developing a critical minerals project in Southeast Nebraska, which is expected to produce niobium, scandium, and titanium, subject to securing sufficient project financing. The company is also exploring the potential to produce several rare earths from its Elk Creek Project.

Niobium, one of the key minerals in NioCorp’s project, is widely used in the production of specialty alloys and High Strength, Low Alloy steel. Scandium, another specialty metal, has applications in the aerospace industry and advanced solid oxide fuel cells. Titanium is utilized in lightweight alloys and plays a crucial role in various industries, including aerospace and medical implants. Additionally, NioCorp is focused on the production of magnetic rare earths, which are essential for the manufacturing of Neodymium-Iron-Boron magnets used in defense and civilian applications.

For further information, interested parties can contact Jim Sims, Corporate Communications Officer at NioCorp Developments Ltd.

NioCorp’s commitment to developing critical minerals projects and its dedication to financial transparency positions the company as a key player in the industry. With its ongoing efforts, NioCorp aims to contribute to the advancement of technology and various sectors that rely on these critical minerals.