NioCorp has submitted an application to the Export-Import Bank of the United States for debt financing to fund the project costs for the Company’s proposed Elk Creek Critical Minerals Project, located in southeast Nebraska, under EXIM’s “Make More in America“ initiative.
NioCorp applauded Nebraska Governor Jim Pillen (R) and a bipartisan group of Nebraska Senators for enacting a historic package of tax reform measures that are expected to stimulate greater investment in Nebraska by cutting the top individual and corporate state income tax rates by nearly one-third over the next several years.
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 (Nasdaq: NB; TSX: NB) has filed its quarterly financial statements for the three and nine months ended March 31, 2023.
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.