ELK CREEK PROJECT
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.
Average annual employee payroll once facility is in full operation.
Cumulative Employee Payroll over 20 years of initial operations.
Cumulative royalties paid to local landowners over the initial 20 years of operation.
Total capital expenditures for facility construction.
Cumulative operating expenditures for the facility over the initial 20 years of operation.
Estimated average annual tax revenue to Nebraska governments.
Estimated cumulative tax revenue to Nebraska over the initial 20 years of operation.
Superalloy Blog Posts
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.
The more we mine and manufacture our own critical minerals and materials, the more secure our collective economic and national security will be. But there is another compelling driver behind the resurgence of interest in critical minerals mining and manufacturing: high-tech jobs and economic growth for states and localities.
Environmental, social, and governance (ESG) factors play a major role in any business, particularly those involved in natural resource development. Doing right by the environment while we serve the needs of our customers, and serving our society’s need for critical minerals, are central to the mission of the NioCorp team.
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