NIOCORP DEVELOPMENTS (OTCMKTS:NIOBF) said that it got the final nod for the listing of its common shares on the renowned Toronto Stock Exchange. The shares began trading on the TSX platform effective as of the market open on Monday, March 9th, 2015. The common shares of NioCorp will continue to trade under the ticker “NB” on TSX exchange. In combination with listing on the TSX platform, NioCorp common shares were delisted from the TSX Venture Exchange before commencement of trading on Monday.
The premier stock exchange
The TSX platform is the reputed and popular stock exchange for resource firms and NioCorp stated that the move to the TSX platform will significantly provide more access to a wide range of institutional and international investors and capital pools. The increased exposure of NioCorp on trading platform coincides with the planned development of the Elk Creek project.
The management view
Mark Smith, the Executive Chairman of NIOCORP DEVELOPMENTS (OTCMKTS:NIOBF), said that the company is able to implement its plans successfully. The past year witnessed tremendous progress in all spheres of the company’s business. The developments were highlighted by NioCorp’s ranking as the number one mining issuer company in the TSX Venture 50 for Fy2014. The management looks forward to leveraging the new listing on the TSX platform as measures are made to take the Elk Creek project forward.
NioCorp is a famous company known for developing the only primary niobium deposit. It is under development in the United States. There is an undeveloped niobium deposit in North America. NioCorp announced an NI43-101 submissive resource, effective date February 20, 2015. It reported an Indicated resource of over 80.5 million tonnes and an Inferred Resource of more than 99.6 million tonnes. The Niobium resource is mainly utilized in the form of Ferro-Niobium to manufacture high strength and low alloy steel.