NioCorp’s Mark Smith on the niobium race to production
December 8, 2014 — In a special InvestorIntel interview, the Editor-in-Chief and Publisher Tracy Weslosky speaks with Mark Smith Niocorp Developments Ltd. (TSXV: NB | OTCQX: NIOBF) on the only known niobium deposit in the United States. They also discuss the recent $10 million raise, Niocorp’s competitive advantage of being the 3rd richest niobium deposit in the world, and an update on this advanced stage project including the cost effective processing and infrastructure towards their race towards production.
Tracy Weslosky: Mark, Niocorp has had some of the fastest moving series of benchmarks achieved in the last year. You’ve had so many news releases in the last two months. Can you tell me what one of your highlights are?
Mark A. Smith: A huge highlight for us was just finishing up a fundraising effort, which in today’s market is not an easy task, but I was extremely happy with the results. The market showed confidence in our company and in our people and we were able to raise over $10 million dollars. Again, in today’s market that’s very challenging. That’s a huge win for us, but that allows us to continue our technical work programs and that’s what we’re all about right now. Technical work programs create value for our company. Our drilling, our metallurgy, those are all creating value for the company. That’s what we’re pretty happy about right now.
Tracy Weslosky: Do you think one of the reasons why you were competitive in raising this $10.6 million was because you have one of the top five ranked critical materials in the U.S. in niobium?
Mark A. Smith: I think that obviously helps, especially knowing that we, at least based on prior drilling results, have the third richest niobium deposit known in the world, but the only one known in the United States. I think that’s a huge benefit for us. Bottom line is the market expresses confidence in companies when they’re doing the right thing. I think we’re doing the right thing. We’re doing the technical work programs you have to do to get into production. That’s our goal, production.
Get our daily investorintel update
Tracy Weslosky: Okay. For everyone out there InvestorIntel that’s not familiar with Niocorp Developments, I’d love for you to step back and tell us a little bit more about the Elk Creek Project.
Mark A. Smith: It’s a fun project. I’ll say that much. I came into this knowing we had something pretty good; and now that we’ve actually undertaken, you know, this theme of technical work programs, but now that we’ve undertaken the real drilling, the infill drilling that we needed to do, we really have something special here. This is what I would call a world-class niobium deposit…to access the rest of the interview, click here
Disclaimer: Niocorp Developments Ltd. is an advertorial member of InvestorIntel.
An accomplished entrepreneur and corporate finance professional, Tracy Weslosky is the CEO for InvestorIntel Corp. and the VP of Business Development for Bellotti Capital Partners ... <Read more about Tracy Weslosky>