IBC Advanced Alloys Corp.: IBC and NioCorp Announce Successful Completion of Initial Casting Campaign for Aluminum-Scandium Alloys

WILMINGTON, Mass., 2017-12-28 11:59 CET (GLOBE NEWSWIRE) --
IBC Advanced Alloys (TSX-V:IB) (OTCQB:IAALF) ("IBC") and NioCorp Developments
Ltd. (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) ("NioCorp") (collectively the
"Companies") today announced the successful manufacture of several
aluminum-scandium alloy ingots.  These test pours occurred at IBC's Wilmington,
Massachusetts Engineered Materials facility using scandium purchased
commercially by NioCorp. 

The ingots, representing a range of scandium content, will now undergo chemical
analysis and other metallurgical testing to confirm the microstructure and
performance of the alloys.  This testing is the basis for commercializing
Aluminum-Scandium alloys. 

Video of IBC's Aluminum-Scandium Alloy Pour

"I am very pleased with the successful execution by Chris Huskamp and his team
of this initial production campaign, and we look forward to reviewing the
results of follow-on testing to confirm material specifications," said Major
General Duncan ("David") Heinz (USMC, ret.), IBC's President and CEO.  "This is
a significant milestone in our joint development effort with NioCorp to seed
the market in order to unlock the enormous value of scandium in a wide range of
high-performance applications across multiple markets." 

"This is an exciting launch of what could be a new phase of commercial
operations for both IBC and for NioCorp," said Mark A. Smith, who serves as
Chair of IBC's Board and is Executive Chair and CEO of NioCorp.  "Developing
high-performance alloys and processes that incorporate metals such as scandium
requires significant expertise and know-how.  The Board and I look forward to
Chris' team continuing to advance this effort toward a potential launch of new
commercial operations." 

Alloys that incorporate scandium have been produced for more than 50 years for
a wide variety of applications in the defense and civilian sectors.  When
combined with aluminum and other metals, for example, scandium helps to make a
very strong and lightweight alloy material that can deliver significant
performance enhancements, weight savings, fuel efficiency, and air emissions
reductions in transportation systems.  The former Soviet Union reportedly used
scandium-bearing alloys in high-performance jet fighters and in other military
aerospace systems. 

However, despite the many well-understood benefits of scandium, widespread use
of the metal has been limited by severely constrained global supply chains.  No
single dedicated mine in the world today currently produces scandium, and only
10-15 tonnes of scandium oxide material is estimated to be produced globally. 
OnG Commodities LLC has estimated latent demand for scandium at several hundred
tonnes per year in the aerospace sector alone.1 

Mr. Huskamp, who leads IBC's team of metallurgists and alloy production
specialists, is President of IBC's Engineered Materials Division, which
currently manufactures high-performance beryllium-aluminum alloy parts for a
number of systems in both the defense and civilian sectors.  Mr. Huskamp is a
former Boeing Associate Technical Fellow in advanced metallic processes, and is
credited as a named co-inventor of two patents regarding scandium-bearing
aluminum alloys. 

NioCorp is currently developing the Elk Creek Superalloy Materials Project, an
advanced materials processing facility planned for southeast Nebraska that
expects to produce just over 100 tonnes per year of scandium trioxide, as well
as niobium and titanium products.  Such large-scale production of scandium in
Nebraska would establish the United States as a global superpower of scandium. 

On Behalf of the Board of Directors:

"Duncan Heinz"

David "Duncan" Heinz, President, CEO and Director

For More Information:  Contact Jim Sims, 303-503-6203, [e-mail] or
[e-mail] 

@IBCAdvanced $IB $IAALF Beralcast beryllium F35

@NioCorp $NB $NIOBF $BR3 Niobium Scandium ElkCreek

About IBC

IBC is a leading beryllium and copper advanced alloys company serving a variety
of industries such as defense, aerospace, automotive, telecommunications,
precision manufacturing, and others. IBC's Copper Alloys Division manufactures
and distributes a variety of copper alloys as castings and forgings, including
beryllium copper, chrome copper, and aluminum bronze.  IBC's Engineered
Materials Division makes the Beralcast family of alloys, which can be
precision cast and are used in an increasing number of defense, aerospace, and
other systems, including the F-35 Joint Strike Fighter. IBC has production
facilities in Indiana, Massachusetts, Pennsylvania, and Missouri.  The
Company's common shares are traded on the TSX Venture Exchange under the symbol
"IB" and the OTCQB under the symbol "IAALF". 

Cautionary Note Regarding Forward-Looking Statements for IBC

The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy of this news release. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release. This disclosure contains certain forward-looking statements that
involve substantial known and unknown risks and uncertainties, certain of which
are beyond the Company's control including: the impact of general economic
conditions in the areas in which the Company or its customers operate,
including the semiconductor manufacturing and oil and gas industries, changes
in laws and regulations including the adoption of new environmental laws and
regulations and changes in how they are interpreted and enforced, increased
competition, the lack of availability of qualified personnel or management,
limited availability of raw materials, fluctuations in commodity prices,
foreign exchange or interest rates, stock market volatility and obtaining
required approvals of regulatory authorities. In addition, there are risks and
uncertainties associated with manufacturing activities therefore the Company's
future results, performance or achievements could differ materially from those
expressed in these forward-looking statements. All statements included in this
press release that address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future are
forward-looking statements. These statements are based on assumptions made by
the Company based on its experience, perception of historical trends, current
conditions, expected future developments and other factors it believes are
appropriate in the circumstances. 

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. 

Cautionary Note Regarding Forward-Looking Statements for NioCorp

Neither TSX nor its Regulation Services Provider (as that term is defined in
the policies of the TSX) accepts responsibility for the adequacy or accuracy of
this document.  Certain statements contained in this document may constitute
forward-looking statements, including but not limited to potential future
production at the Elk Creek Project, anticipated products to be produced at the
Elk Creek Project, the future critical and strategic nature of niobium and
scandium, anticipated costs of production at the Elk Creek Project being
competitive, and anticipated competitive advantages. Such forward-looking
statements are based upon NioCorp's reasonable expectations and business plan
at the date hereof, which are subject to change depending on economic,
political and competitive circumstances and contingencies. Readers are
cautioned that such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause a change in such assumptions and
the actual outcomes and estimates to be materially different from those
estimated or anticipated future results, achievements or position expressed or
implied by those 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 going concern; risks related
to the Company's requirement of significant additional capital; changes in
demand for and price of commodities (such as fuel and electricity) and
currencies; changes in economic valuations of the Project, such as Net Present
Value calculations, changes or disruptions in the securities markets;
legislative, political or economic developments; the need to obtain permits and
comply with laws and regulations and other regulatory requirements; the
possibility that actual results of work may differ from
projections/expectations or may not realize the perceived potential of
NioCorp's projects; risks of accidents, equipment breakdowns and labor disputes
or other unanticipated difficulties or interruptions; the possibility of cost
overruns or unanticipated expenses in development programs; operating or
technical difficulties in connection with exploration, mining or development
activities; the speculative nature of mineral exploration and development,
including the risks of diminishing quantities of grades of reserves and
resources; and the risks involved in the exploration, development and mining
business and the risks set forth in the Company's filings with the SEC at
www.sec.gov. NioCorp disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new information, future
events or otherwise. 

__________________

1  This data is part of a scandium market assessment prepared for NioCorp by
OnG Commodities LLC in April 2017.  The data is incorporated in NioCorp's
December 2017 Revised Elk Creek Project Feasibility Study and is available for
download on www.SEDAR.ca