20:39:19 EDT Wed 12 Aug 2020
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Niocorp Developments Ltd
Symbol NB
Shares Issued 234,839,598
Close 2020-06-30 C$ 0.81
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Niocorp Developments appoints Honan as COO

2020-07-02 11:31 ET - News Release

Mr. Mark Smith reports


Niocorp Developments Ltd. has promoted Scott Honan to chief operating officer of Niocorp, a new position. The promotion is effective immediately.

"This is a well-deserved promotion for a friend and colleague who maintains the highest standards of honesty, integrity, and dedication," said Niocorp's CEO and Executive Chairman Mark A. Smith. "Scott was instrumental in the characterization of the Elk Creek Project's significant reserve and resource assets, as well as the design of the Project's proposed underground mine and surface processing facility. Under Scott's leadership, the Project has evolved into a highly efficient, environmentally sound, and compelling critical minerals project."

Mr. Honan joined the Company in 2014 as Niocorp's Vice President of Business Development. In addition to his role as Niocorp's new COO, Mr. Honan will remain president of Elk Creek Resources Corp., Niocorp's operating subsidiary.

Mr. Honan has more than 25 years of experience in base metals, gold, niobium, and rare earth mining and processing. He served as General Manager and Environmental Manager at the Mountain Pass, CA rare earth facility and as Vice President of Health, Environment, Safety and Sustainability at Molycorp.

Mr. Honan is a graduate of Queen's University in Mining Engineering in both Mineral Processing (B.Sc. Honors) and Environmental Management (MSc) disciplines. He is a Registered Member (No. 04231597) of the Society for Mining, Metallurgy & Exploration (SME).

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.

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