NioCorp Developments Ltd (OTCMKTS:NIOBF) on October 10, 2022, announced that Executive Chairman and CEO Mark Smith will be presenting on the Elk Creek Critical Minerals Project at the 2022 International Scandium Symposium. The event will take place at Westgate Resort Hotel in Las Vegas on October 20, 2022.
On Monday, NIOBF stock soared 4.95% to $1.0050 with 204.86K shares, compared to its average volume 238.81K shares. The stock moved within a range of $0.9700 – 1.0200 after opening trade at $1.0000.
NioCorp’s Elk Creek Critical Minerals Project to be Highlighted at the 2022 International Scandium Conference
Featuring presentations from NioCorp, Rio Tinto as well as other scandium producers, the information for the conference is available on https://metalevents.com/events/international-scandium-symposium
Mr. Smith’s presentation, entitled “Nebraska Scandium: American-Made and Climate-Smart,” commences at 1 p.m Eastern time. It would be followed by some questions being asked by the conference audience. Some key representatives will include Mr. Smith; Nils Backeberg, Founder & Director, Project Blue, South Africa; Wagner Oliveira, General Manager, Strategic Resource, Development and Mine Technical Services, Rio Tinto Iron and Titanium Canada and a representative from Traxys North America.
This Project in southeast Nebraska will make sure that the firm emerges as a significant prospective U.S. producer of scandium. It would have an average production of 104 tonnes per year of Scandium during the Project’s 38-year mine life. NioCorp has implemented a commercial sales agreement with Traxys for about 120 tonnes of scandium trioxide in 10 years of operation of NioCorp’s planned production. The NioCorp—Traxys scandium contract is considered to be the largest single offtake agreement for scandium ever executed.
NIOBF stock is trading above the 20-Day and 50-Day Moving averages of $0.93 and $0.83 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.82.