NioCorp Developments Ltd. Common Stock (NB) is a publicly-traded company known for its leadership in the exploration and development of superalloy metals. It is headquartered in Centennial, Colorado in the United States and listed on the Toronto Stock Exchange and the OTCQX markets in the United States under the symbol "NB".
The company was incorporated in British Columbia, Canada in 1987 under the name Silver Range Resources Ltd. It later changed its name to Quantum Rare Earth Developments Corp in 2010, then to NioCorp Developments Ltd in 2013, reflecting its evolving focus on the development of superalloy metals. The company’s primary mission is to become a reliable and competitive North American producer of the critical minerals scenandium, niobium, and titanium.
NioCorp Developments' primary assets are in the Elk Creek Superalloy Materials Project, an important superalloy metals project based in Nebraska. This project hosts significant resources of these three critical minerals, with potential to positively change the U.S. critical minerals landscape.
The company's noteworthy leadership in the development of a responsible mining project has gained industry accolades. NioCorp is committed to the principles of sustainable development, and has received recognition for embracing environmental, health, safety, and social responsibility.
In 2017, NioCorp secured a key federal permit from the U.S. government for this project. Since then, the company has completed a positive Feasibility Study and received numerous state and local permits that put the project on the roadmap to construction. This Elk Creek Superalloy Materials Project has the potential to create robust economics and far-reaching benefits to Nebraska and to the broader U.S. economy.
Strategic initiatives by NioCorp have aimed at improving shareholder value by concentrating resources on the development of this project while effectively managing capital and minimizing shareholder dilution. As a result, NioCorp has demonstrated a steady improvement in reducing its overall long-term debt resulting in sustained healthy financials.
NioCorp Developments Ltd. operates in a highly competitive and rapidly evolving industry. Its proven expertise in exploration, technological innovation, and commitment to sustainability distinguish it as an industry leader amongst its peers. This combination positions NioCorp Developments Ltd in the forefront of North American providers in the superalloy metals industry. Despite the industry's competitive nature, NioCorp is dedicated to harnessing these critical minerals that are set to rise in demand due to their use in green energy and high-tech applications.