ELK CREEK PROJECT

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The Elk Creek Project’s Benefits to Nebraska

NioCorp’s proposed Elk Creek Superalloy Materials Project will establish Nebraska as a world leader in the production of two critical and strategic superalloy metals:  Niobium and Scandium.  It also will deliver very powerful macroeconomic benefits to Nebraska, such as those summarized below.

$39M

Average annual employee payroll once facility is in full operation.

$835M

Cumulative Employee Payroll over 20 years of initial operations.

$148M

Cumulative royalties paid to local landowners over the initial 20 years of operation.

$1.08B

Total capital expenditures for facility construction.

$3.4B

Cumulative operating expenditures for the facility over the initial 20 years of operation.

$28M

Estimated average annual tax revenue to Nebraska governments.

$493M

Estimated cumulative tax revenue to Nebraska over the initial 20 years  of operation.

Macroeconomic Benefits to Nebraska:  An Analysis

 

Click on the image below to download a more detailed analysis of the many macro-economic benefits to Nebraska that are expected to be delivered by the Elk Creek Superalloy Materials Project.

 

Superalloy Blog Posts

The Powerful Benefits of Ferroniobium for Bridges

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As the U.S. looks to repair crumbling infrastructure systems, I expect to see more high-performance steels (HPS) used in structures like bridges because of the many powerful benefits they deliver. HPS steels containing a small amount of ferroniobium – which NioCorp plans to produce in southeast Nebraska at our Elk Creek Superalloy Materials Project once we are funded and in operation – are among the strongest and most durable steels on the market today.

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One global macro trend is highly likely to accelerate in the aftermath of COVID-19:  increased investment in domestic materials supply chains as a means of reducing the reliance of Western nations on supply chains in developing nations. Asia’s dominance in many strategic supply chains has become painfully obvious since the COVID-19 pandemic erupted.

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