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.
Superalloy Blog Posts
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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.
What A U.S. Infrastructure / Transportation Initiative Could Mean to Critical Minerals Producers
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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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