NIOCORP DEVELOPMENTS (OTCMKTS:NIOBF) confirmed that the common shares of company begin trading on the TSX platform, effective March 9, 2015. The listing on the Toronto Stock Exchange was finalized after the company stock was delisted from the TSX Venture Exchange.
NioCorp shares were delisted from TSX.V, effective March 7, 2015. The trading ticker of the company on TSK platform was unchanged. Also, the company notified no change in the CUSIP number.
Graduating to TSX
Mark Smith of NioCorp stated that it is an important landmark for the company, shareholders and customers, as it continue to work on the underlying knowledge of Elk Creek ‘niobium’, ‘titanium’ and ‘scandium’ deposits. The news of graduating to the TSX comes as a significant accomplishment. It is one the most reputed and popular platform for mining firms.
The company will be in a better position to fetch attention of more and more investors and institutional entities of capital. There will not shortage of funds to support the aggressive development plans for its major projects as the company move forward to complete the feasibility study in 2015.
Along with the news of graduating to TSX, NioCorp also confirmed that Smith would be Chief Executive of Largo Resources Ltd., effective April 1. The board of company is fully supportive of Smith, with complete trust that the new role will not affect his duties with NioCorp.
The lead director of company stated that having seen the capacity of Smith and his abilities in his past roles with reputed mining companies, the board believed that he can carry out his all duties with new his new role with Largo. NioCorp is working on the primary niobium deposit in the U.S. It announced an ‘NI43-101’ compliant resource, effective February 20, 2015. It offers a great opportunity to the company as United States is entirely dependent on imports to meet its niobium needs.