CENTENNIAL, Colo., Oct. 28,
2022 /PRNewswire/ -- NioCorp Developments Ltd.
("NioCorp" or the "Company") (TSX: NB) (OTCQX:
NIOBF) is pleased to announce that it will conduct its 2022
Annual General Meeting ("AGM") at 10 a.m.
Mountain time on Thursday, December 15, 2022, at 7000 S.
Yosemite Street, Lower Level Conference Room, Centennial, Colorado, 80112.
Shareholders of record as of October 20,
2022, are able to vote their shares on the proposals to be
considered at the AGM either by proxy in advance of the meeting or
at the meeting. Proxy or voting instructions must be received
in each case no later than 10:00 a.m.,
Mountain time, on December 13,
2022, or no later than 48 hours before the AGM is reconvened
following any adjournment or postponement. The Notice of Meeting,
Management Information and Proxy Circular and form of proxy
relating to the AGM and the Company's 2022 Annual Report will be
made public no later than October 28,
2022.
No action is expected to be taken by Company shareholders at the
AGM regarding the proposed transactions contemplated by the
recently announced Business Combination Agreement, dated
September 25, 2022, among the
Company, GX Acquisition Corp. II, and Big Red Merger Sub Ltd
(collectively, the "Transaction"), or the approval of any
elements of the proposed Transaction. A separate special meeting of
Company shareholders is expected to be held to consider elements of
the proposed Transaction.
For More Information:
Jim Sims, Corporate
Communications Officer, NioCorp Developments Ltd., 720-639-4650,
jim.sims@niocorp.com
@NioCorp $NB.TO $NIOBF $BR3 #Niobium #Scandium #rareearth
#neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle
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 earths from the
Project. Niobium is used to produce specialty alloys 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 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 ("NdFeB")
magnets, which are used across a wide variety of defense and
civilian applications.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and forward-looking information within the
meaning of applicable Canadian securities laws. Forward-looking
statements may include, but are not limited to, statements about
NioCorp's expectation regarding the actions to be taken at the AGM.
Forward-looking statements are typically identified by words such
as "plan," "believe," "expect," "anticipate," "intend," "outlook,"
"estimate," "forecast," "project," "continue," "could," "may,"
"might," "possible," "potential," "predict," "should," "would" and
other similar words and expressions, but the absence of these words
does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current
expectations of the management of NioCorp and are inherently
subject to uncertainties and changes in circumstances and their
potential effects and speak only as of the date of such statement.
There can be no assurance that future developments will be those
that have been anticipated. Forward-looking statements reflect
material expectations and assumptions, including, without
limitation, expectations, and assumptions relating to: the
proposals to be considered at the AGM. Such expectations and
assumptions are inherently subject to uncertainties and
contingencies regarding future events and, as such, are subject to
change. Forward-looking statements involve a number of risks,
uncertainties or other factors that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made by NioCorp with the SEC and with
the applicable Canadian securities regulatory authorities and the
following: NioCorp's ability to operate as a going concern;
NioCorp's requirement of significant additional capital; NioCorp's
limited operating history; NioCorp's history of losses; cost
increases for NioCorp's exploration and, if warranted, development
projects; a disruption in, or failure of, NioCorp's information
technology systems, including those related to cybersecurity;
equipment and supply shortages; current and future offtake
agreements, joint ventures, and partnerships; NioCorp's ability to
attract qualified management; the effects of the COVID-19 pandemic
or other global health crises on NioCorp's business plans,
financial condition and liquidity; estimates of mineral resources
and reserves; mineral exploration and production activities;
feasibility study results; 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; claims on the title to NioCorp's
properties; potential future litigation; and NioCorp's lack of
insurance covering all of NioCorp's operations.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of NioCorp
prove incorrect, actual results may vary in material respects from
those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements
concerning the matters addressed herein and attributable to NioCorp
or any person acting on its behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to
herein. Except to the extent required by applicable law or
regulation, NioCorp undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date hereof to reflect the occurrence of unanticipated
events.
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SOURCE NioCorp Developments Ltd.
