CENTURY Colo., December 14, 2020 / CNW / – NioCorp Developments Ltd. (“NioCorp” or the “Companies“) (TSX: NB; OTCQX: NIOBF) is pleased to announce the appointment of Fernanda Fenga to the Board of Directors.
Companhia Brasileira Metalúrgica e Mineração (“CBMM“), Ms. Fenga is currently in as a senior advisor for mining companies Brazil and in the USA She was previously Legal and Compliance Director at Somos Educação. Brazil largest basic education company and one of the largest educational groups in the world.
Ms. Fenga worked for CBMM for more than nine years, where she was the Corporate Superintendent. In this position, she headed the company’s Legal, Compliance, Investor Relations, Public Affairs and Corporate Risk Management departments. She also played a major role in some of CBMM’s largest commercial deals, two of which were valued more than the US$ 1.9 billion everyone.
Prior to CBMM, she was a senior manager at PriceWaterhouseCoopers, where she advised clients on corporate restructuring, tax planning, transfer pricing, auditing, tax audits and compliance with the Sarbanes-Oxley Act.
A Certified Compliance & Ethic Professional – International Exam (“CCEP-I”), Ms. Fenga is a Brazilian lawyer and received her Masters in Law from Fundação Getúlio Vargas – FGV and her LLM in Corporate Law from IBMEC. She also carried out postgraduate studies in tax law at IBET and graduated Harvard Business School Risk Management Program for Business Managers and recently graduated from the IBGC (“Brazilian Institute for Corporate Governance“) Studies for board members.
Ms. Fenga is fluent in English and Portuguese and is a member of the Society of Corporate Compliance and Ethics (“SCCE“) and the Brazilian Bar Association. She lives in Florianópolis, Brazil.
“We are delighted that Fernanda has joined NioCorp’s board of directors and that her in-depth knowledge of the global niobium markets and years of experience as a senior executive in corporate governance, law, tax, risk management, and customer and investor relations will be brought to the company brings in. ” said Mark A. Smith, CEO and Executive Chairman of NioCorp. “Fernanda will bring valuable experience and skills to NioCorp as a key player in more than a billion dollar niobium trade.”
“I’m also proud of the fact that NioCorp has been able to attract what I believe to be the most experienced and diverse body among US critical minerals companies,” added Smith.
“I am very optimistic about the future of minerals like niobium and scandium,” said Ms. Fenga. “I was very impressed with the seasoned management team that NioCorp has put together and the Feasibility Study on Elk Creek’s 2019 technical report which confirms that NioCorp has a very special and unique project. I look forward to joining the NioCorp team to join and help NioCorp achieve its full potential as a global player in the niobium and critical minerals market. “
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For more informations
Contact Jim Sims, Vice President for Foreign Affairs, NioCorp Developments Ltd., 720-639-4650, [email protected], https://www.niocorp.com
NioCorp is developing a superalloy material project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to make superalloys as well as high strength, low alloy steel (“HSLA”), a lighter and stronger steel used in automotive, structural, and piping applications. Scandium is a superalloy material that can be combined with aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical part of advanced solid oxide fuel cells. Titanium is used in various superalloys and is a key component of pigments in paper, paint and plastic. It is also used for aerospace applications, armor, and medical implants.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this revision may be forward-looking statements, including statements about the anticipated worth of the company’s newest director and the company’s ability to secure sufficient project funding to continue the Elk Creek project for construction and eventual commercial operation. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause these assumptions to change and that actual results and estimates differ materially from estimated or expected future results, successes or positions implied by these forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp’s plans or prospects to change include risks related to the company’s ability to operate as a company. Risks related to the company’s requirement for significant additional capital; Changes in the demand for and price of goods (such as fuel and electricity) and currencies; Changes in the economic valuations of the project, such as present value calculations, changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws, regulations and other regulatory requirements; the possibility that the actual work results may differ from the projections / expectations or the perceived potential of the NioCorp projects not being realized; Risks of accident, equipment failure, and labor dispute or other unexpected difficulties or interruptions; the possibility of cost overruns or unexpected expenses in development programs; operational or technical difficulties associated with exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risk of diminution in the quantities of reserves and resources; and the risks associated with the exploration, development and mining businesses and those risks set out in the Company’s filings with Canadian securities regulators at www.sedar.com and the SEC at www.sec.gov. NioCorp disclaims any intention or obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise.