NioCorp has formally closed on the purchase of three key land parcels associated with the Company’s Elk Creek Critical Minerals Project. Along with the land NioCorp purchased in 2021, this acquisition provides the Company with land needed to locate a significant portion of the Elk Creek Project’s planned production operations and infrastructure, along with improvements to the local road system, once sufficient project financing is obtained.
NioCorp is praising U.S. Rep. Adrian Smith (R-NE) for sponsoring bipartisan legislation, “The Critical Minerals Investment Tax Modernization Act” (H.R. 4774), that would deliver powerful tax incentives for mining in the U.S. of rare earth elements and scandium.
NioCorp plans to ramp up pre-construction activities at its Elk Creek Critical Minerals Project as a result of the Company’s success over the past three months in raising approximately $60.7 million in net proceeds from equity offerings driven largely by institutional investment funds.
NioCorp closed its previously announced public offering consisting of 13,850,000 common shares at a public offering price of $3.25 per Common Share, for gross proceeds of approximately $45.0 million before deducting placement agent fees and offering expenses.
NioCorp announces the pricing of its previously announced public offering, expected to consist of up to 13,850,000 common shares at a public offering price of $3.25 per common share, for gross proceeds that are expected to be approximately $45.0 million before deducting placement agent fees and offering expenses.
