NioCorp Developments Ltd. Appoints Nilsa Guerrero-Mahon to Board of Directors
CENTENNIAL, Colo., Sept. 28, 2017 (GLOBE NEWSWIRE) -- NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is pleased to announce the appointment of Nilsa Guerrero-Mahon, CPA & CFE, of Denver, Colorado, to the Company's Board of Directors.
A former Chief Financial Officer and Controller for global corporations in the technology, energy, and government sectors, Mrs. Guerrero-Mahon currently serves as the Vice Chair of the Board of Directors of Centura Health Mountains & North Denver Operating Group, the largest division ($1.5 billion) in the Centura Health Care System. Previously, she served as the Vice Chair of the Board of Directors and Chaired the Strategy Committee at St. Anthony Hospital, now a member of the Centura Health Mountains & North Denver Operating Group. Among other prior positions, she was the Financial Controller and the Controls and Compliance Manager for Microsoft Global Services organization.
Mrs. Guerrero-Mahon is a gubernatorial appointed Board Member of the State of Colorado Financial Services Commission. She serves on Microsoft’s Council for Digital Good and is a Lead Mentor for Boomtown, an innovative and effective technology start-up accelerator.
Mrs. Guerrero-Mahon is qualified as an “Audit Committee Financial Expert” for the U.S. Securities and Exchange Commission (SEC). She has an extensive background with the implementation and compliance of the Sarbanes Oxley Act (SOX) and working directly with the Audit Committees and Risk Management Committees of publicly traded companies.
Mrs. Guerrero-Mahon received an Executive MBA from the Daniels College of Business at the University of Denver and a B.S. in Business Administration - Accounting from the Interamerican University in San Juan, Puerto Rico. She has served as an adjunct faculty member at the University of Denver and provided forensic accounting services for the U.S. Department of Justice.
"We are very pleased to bring someone of Nilsa’s deep experience and strategic financial expertise to the NioCorp Board," said Mark A. Smith, CEO and Executive Chairman of NioCorp. "The Company and our shareholders will be particularly well served by Nilsa’s highly diverse experience in multiple global markets and her proven track record in improving operational execution.”
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.