NioCorp is integrating key Environmental, Social, and Governance principles into the Elk Creek Project. Doing right by the environment while serving our society’s need for critical minerals is a core value of NioCorp.
NioCorp Developments (TSX: NB; OTCQX: NIOBF) is pleased to announce the Johnson County, Nebraska Board of Commissioners has approved a Special Use Permit for NioCorp’s Elk Creek Superalloy Materials Project.
“Southeast Nebraska: get ready for change. With that call to action Mark Smith, CEO of the upstart mining company NioCorp, concluded the company’s annual report to shareholders in Denver on Thursday,” according to news coverage by Nebraska NPR/Net Nebraska.
NioCorp announces the selection of several key contractors — Olsson, DuPont Clean Technologies, and Veolia — to work on the proposed Elk Creek Superalloy Material Project.
We believe in strengthening our world and protecting the environment through superalloy materials like Niobium, Scandium, and Titanium. These critical minerals help improve fuel economy, increase safety, reduce harmful air emissions, protect our environment, and help keep the world safer and more secure.
The Elk Creek Superalloy Materials Project is one of the few pure-play critical minerals projects in the U.S. with a definitive feasibility study completed and key U.S. federal permits already obtained. It is the highest grade niobium project in North America as well as one of the world's largest prospective scandium producers.
NioCorp is led by a Board of Directors comprised of distinguished and highly experienced leaders, including several with decades of experience in the mining and advanced materials spaces. Our management team is also highly experienced in designing, constructing, and operating critical minerals projects.
A publicly traded company currently listed on the Toronto Stock Exchange (TSX:NB) and the US-based Over The Counter exchange (OTCQX:NIOBF), NioCorp represents a unique investment opportunity. NioCorp is a former TSX Venture 50® "Top Performer" among mining companies.
2019 Elk Creek Feasibility Study
The 2019 Elk Creek Feasibility Study shows that the Project is expected to deliver higher Net Present Value, stronger financial returns, accelerated cash flows, a longer mine life, higher production of all of NioCorp’s planned products in the first 10 years of operation, and a further reduction in execution risk and environmental impacts as compared to the 2017 Project Feasibility Study.
Our Critical Minerals
NioCorp plans to produce three minerals at its Elk Creek, Nebraska Project that are all considered “critical” by the U.S. Government. This makes the Elk Creek Project one of the few pure-play, greenfield critical minerals mines in the U.S. that have a NI-43-101 Feasibility Study completed and are ready for funding and construction.
The Elk Creek Critical Minerals Mine
By The Numbers
Averaged EDITDA Over Mine Life
Average EBITDA Margin over Mine Life
Gross Revenue Over Mine Life
Cumulative Net Cash Flow Over Mine Life (after tax)
Payback Period from Production Start
The Superalloy Blog
One global macro trend is highly likely to accelerate in the aftermath of COVID-19: increased investment in domestic materials supply chains as a means of reducing the reliance of Western nations on supply chains in developing nations. Asia’s dominance in many strategic supply chains has become painfully obvious since the COVID-19 pandemic erupted.
The more we mine and manufacture our own critical minerals and materials, the more secure our collective economic and national security will be. But there is another compelling driver behind the resurgence of interest in critical minerals mining and manufacturing: high-tech jobs and economic growth for states and localities.
Environmental, social, and governance (ESG) factors play a major role in any business, particularly those involved in natural resource development. Doing right by the environment while we serve the needs of our customers, and serving our society’s need for critical minerals, are central to the mission of the NioCorp team.
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