EDITOR: | February 1st, 2016

NioCorp Boosts Elk Creek Project Staffing and Local Business Presence in Southeast Nebraska

| February 01, 2016 | No Comments
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February 1, 2016 (Source) — NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) today announced it has named Scott Honan to serve as President of Elk Creek Resources Corporation, the Company subsidiary that is developing NioCorp’s Elk Creek, Nebraska superalloy materials project.

Since joining NioCorp in May 2014, Mr. Honan has led development of the Elk Creek Project, which will produce the superalloy materials niobium, scandium, and titanium. Mr. Honan has over 22 years of experience in the niobium, base metals, gold, and rare earth industries. He is a graduate of Queen’s University in Mining Engineering in both Mineral Processing (B.Sc. Honors) and Environmental Management (M.Sc.) disciplines.

The Company also announced that it has hired Trevor Mills to serve as the Elk Creek Project’s full-time geologist. Mr. Mills has served as a consulting geologist to the Elk Creek Project since August 2014, and has over five years of combined experience in niobium, rare earth, gold, and industrial mineral industries. Mr. Mills is a graduate from the University of Colorado at Boulder (BA, Geology).

“Scott Honan has done an outstanding job in leading the effort to move our Elk Creek superalloy materials project further down the path to commercial reality, and his promotion to President of our operating subsidiary is very much deserved,” said Mark A. Smith, Executive Chairman and CEO of NioCorp. “We also are pleased to have Trevor Mills join us full-time as our project geologist and as our local representative in our Tecumseh office.”

Further, the Company said it is increasing the staff presence at its Elk Creek Resources Corporation office in Tecumseh, Nebraska, with Mr. Mills working out of that office on a more frequent basis. It is located 386 Broadway in Tecumseh.

“Mark Smith”

Mark Smith
Executive Chairman, CEO and Director

@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek

About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. 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 also is 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.

Cautionary Statements
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