NioCorp Completes Geotechnical Drilling Campaign at the Elk Creek Critical Minerals Mine Site
NioCorp (NASDAQ:NB) (TSX:NB) today announced the successful completion of a geotechnical drilling campaign at the Elk Creek Critical Minerals Project in southeast Nebraska, which was done in advance of the proposed site preparation, grading, heavy construction, and eventual foundation pours for the Elk Creek Project that are expected to commence once sufficient financing is obtained.
NioCorp Launches Phased Approach to Commercial Production of Made-in-America Aluminum-Scandium Master Alloy
NioCorp Demonstrates the Ability to Potentially Double Projected Titanium Recovery Rates for the Elk Creek Project
NioCorp has demonstrated an ability to potentially double the recovery of titanium from each tonne of ore the Company expects to mine at its Nebraska-based Elk Creek Critical Minerals Project, as as to potentially produce a purer form of titanium that may command a higher price than is assumed in NioCorp’s June 2022 feasibility study.
NioCorp Demonstrates Higher Niobium Recovery Rates
NioCorp (NASDAQ:NB) (TSX:NB) has successfully demonstrated the ability to recover greater amounts of the critical mineral niobium from each tonne of ore the Company expects to mine at its Elk Creek Critical Minerals Project.
The Elk Creek Critical Minerals Project
NioCorp’s Elk Creek Critical Minerals Project represents the highest-grade Niobium project under development in North America, the largest prospective Scandium project in North America with a declared mineral reserve, and the second-largest indicated rare earth Mineral Resource in the U.S. The Project has obtained all state, federal and local government permits to proceed to construction, and is fully aligned with ESG Equator Principles. Learn more in this amazing project in this short video.
What We Believe
We believe in strengthening our world and protecting the environment through critical minerals like Niobium, Scandium, and Titanium, which help improve fuel economy, increase safety, reduce harmful air emissions, protect our environment, and help keep the world safer and more secure.
Elk Creek Project
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.
The Leadership Team
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 Unique Investment
A publicly traded company currently listed on the Nasdaq Stock Market (Nasdaq:NB) and the Toronto Stock Exchange (TSX:NB), NioCorp represents a unique investment opportunity. NioCorp is a former TSX Venture 50® "Top Performer" among mining companies.
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
Payback Period from Production Start
See this note regarding the use of certain forward-looking non-GAAP financial measures on this website.
Deep Dive Briefing on NioCorp's Elk Creek Superalloy and Rare Earth Project
NioCorp's Mark Smith and Scott Honan provide a detailed briefing on the Elk Creek Superalloy Materials Project.
Mark Smith: Domestic Supply Chains to Expand
NioCorp CEO and Executive Chairman Mark Smith predicts that domestic critical minerals supply chains will expand as a result of the COVID-19 pandemic.
Elk Creek Virtual Tour
See a video that explains the power of superalloys and how NioCorp intends to produce three superalloy metals its its Elk Creek Project.
NioCorp's planned products have all been designated as "Critical Minerals" by the U.S. Government. Mark Smith explains the significance.
According to an NI-43-101 compliant Feasibility Study, the Elk Creek Project projects relatively robust economic returns. See the details here.
Learn about the many downstream markets that can utilize the three superalloy materials that NioCorp plans to make at its Elk Creek Project.
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