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
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.
If a $2 trillion U.S. infrastructure package is enacted, it could create a major, long-term demand boom for the critical minerals needed by infrastructure and advanced transportation systems, according to NioCorp’s CEO Mark Smith.
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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