NioCorp to Combine with Nasdaq-Listed GXII to Access Additional Capital for the Elk Creek Critical Minerals Project
NioCorp Developments GX Acquisition Corp. II have announced the signing of a definitive agreement for a proposed business combination between the two companies.
NioCorp’s Demonstration Plant Begins Testing Process Improvements and Rare Earth Recovery Operations
NioCorp is pleased to announce that its demonstration processing plant in Quebec, Canada is now processing ore from the Company’s Elk Creek Critical Minerals Project.
The Inflation Reduction Act of 2022 includes multiple financial and tax incentives designed to encourage greater production of critical minerals in the U.S. Virtually all of the critical minerals NioCorp intends to produce as part of its Elk Creek Critical Minerals Project in Nebraska would be eligible for new tax credits once the Project is financed and placed into commercial production.
NioCorp Files NI 43-101 Technical Report on its 2022 Elk Creek Critical Minerals Project Feasibility Study
NioCorp has filed a Technical Report prepared in accordance with National Instrument 43-101 regarding its previously announced 2022 Feasibility Study completed for the Company’s Elk Creek Critical Minerals 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.
Why NioCorp’s Elk Creek project is vital for the global EV industry
Proactive Investor’s Stephen Gunnion recently interviewed NioCorp senior executives Mark A. Smith and Scott Honan about the Company’s Elk Creek Critical Minerals Project and how its specialty metals can help reduce greenhouse gas emissions. See the interview here.
The Elk Creek Project: A Deep Dive Briefing
Watch NioCorp Executive Chairman Mark A. Smith and Chief Operating Officer Scott Honan as they provide a detailed briefing of the Company’s Elk Creek Superalloy Materials Project in southeast Nebraska. They also discuss an update to NioCorp management business plan, which envisions potentially adding several highly sought-after rare earth products to our currently planned product suite of Niobium, Scandium and Titanium. See the video here.
Information for Investors
A publicly traded mineral exploration company, NioCorp Developments Ltd. is currently developing the Elk Creek Superalloy Materials Project, a large underground deposit in southeast Nebraska rich in Niobium, Scandium and Titanium that has a positive NI-43-101 Feasibility Study completed. Investors all around the world follow NioCorp’s progression toward project financing and the launch of construction of this unique critical minerals project. See information about investing in NioCorp here.
2022 Elk Creek Feasibility Study
According to NioCorp’s June 2022 Elk Creek Feasibility Study, the Project has a Pre-Tax Net Present Value of $2.8 billion, a pre-tax Internal Rate of Return 29.2%, and a relatively long mine life of 38 years. The Study also confirms that the Project’s rare earth indicated resource is second only to MP Materials’ Mountain Pass deposit in the U.S.
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
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