NioCorp has initiated testing of Elk Creek ore using High-Pressure Grinding Rolls technology, which is an energy-efficient and low-emission alternative for reducing the size of the ore to enable the recovery of niobium, scandium, titanium, and potential rare earth products.
ELK CREEK, Neb. — There’s been talk of a mine in southeast Nebraska for decades. The project has promised riches and jobs and property tax relief — all things that have yet to materialize. But the current company at the helm says that’s about to change. What’s different this time?
NioCorp Developments announces that it has closed its previously announced non-brokered private placement of units of the Company. The up-sized offering amounted to 4,334,157 Units that were issued at a price per Unit of C$1.43, for total gross proceeds to the Company of approximately C$6.2 million.
NioCorp closes on the purchase of a key land parcel associated with the Company’s Elk Creek Superalloy Materials Project on which the Project’s mine infrastructure and supporting operations will be located. Ownership of the land also gives NioCorp ownership of the mineral rights to more than 90% of the Project’s Mineral Resource and Mineral Reserve.
NioCorp To present on the Elk Creek Superalloy Materials Project at the H.C. Wainwright Global Mining Investor Conference on April 20, 2021.