Nebraska’s U.S. Senator Deb Fischer and Congressman Don Bacon Secure $10 Million in Federal Funding for U.S. Aluminum-Scandium Master Alloy Production
NioCorp is praising U.S. Senator Deb Fischer (R-NE) and U.S. Rep. Don Bacon (R-NE) for securing legislation in both the House and Senate versions of the FY2024 National Defense Authorization Act regarding the strategic importance of scandium, as well as securing $10 million in federal funding to support commercial production of aluminum-scandium master alloy production in the U.S.
NioCorp Praises U.S. House Armed Services Committee For Highlighting the Importance of Aluminum-Scandium Master Alloy
NioCorp is praising the U.S. House Armed Services Committee for highlighting the importance of aluminum-scandium master alloy to the United States and to many defense applications. NioCorp recently launched a phased commercialization effort for this master alloy.
Stellantis and NioCorp Sign Rare Earth Offtake Term Sheet in Support of Stellantis’ Commitment to Reaching Carbon Net Zero by 2038
Stellantis N.V. and NioCorp (Nasdaq:NB) (TSX:NB) today announced the signing of a Rare Earth Offtake Term Sheet. The objective is to enter into a definitive rare earth supply agreement to support Stellantis’ commitment to build resilient supply chains and reach carbon net zero by 2038 and to help accelerate NioCorp’s path to commercial production of magnetic rare earth oxides in the U.S.
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.
The Elk Creek Critical Minerals Project
NioCorp’s Elk Creek Critical Minerals Project represents the highest-grade Niobium project under development in North America, the largest prospective Scandium project in North America with a declared mineral reserve, and the second-largest indicated rare earth Mineral Resource in the U.S. The Project has obtained all state, federal and local government permits to proceed to construction, and is fully aligned with ESG Equator Principles. Learn more in this amazing project in this short video.
The Elk Creek Critical Minerals Project is one of the few pure-play critical minerals projects in the U.S. with a definitive feasibility study completed and key U.S. federal permits already obtained. It is the highest grade niobium project in North America as well as one of the world's largest prospective scandium producers.
NioCorp is led by a Board of Directors comprised of distinguished and highly experienced leaders, including several with decades of experience in the mining and advanced materials spaces. Our management team is also highly experienced in designing, constructing, and operating critical minerals projects.
Information for Investors
A publicly traded mineral exploration company, NioCorp Developments Ltd. is currently developing the Elk Creek Critical Minerals Project, a large underground deposit in southeast Nebraska rich in Niobium, Scandium and Titanium that has a positive NI-43-101 Feasibility Study completed. Investors all around the world follow NioCorp’s progression toward project financing and the launch of construction of this unique critical minerals project. See information about investing in NioCorp here.
2022 Elk Creek Feasibility Study
According to NioCorp’s June 2022 Elk Creek Feasibility Study, the Project has a Pre-Tax Net Present Value of $2.8 billion, a pre-tax Internal Rate of Return 29.2%, and a relatively long mine life of 38 years. The Study also confirms that the Project’s rare earth indicated resource is second only to MP Materials’ Mountain Pass deposit in the U.S.
Our Critical Minerals
NioCorp plans to produce three minerals at its Elk Creek, Nebraska Project that are all considered “critical” by the U.S. Government. This makes the Elk Creek Project one of the few pure-play, greenfield critical minerals mines in the U.S. that have a NI-43-101 Feasibility Study completed and are ready for funding and construction.
The Elk Creek Critical Minerals Mine
By The Numbers
Averaged EDITDA Over Mine Life
Average EBITDA Margin over Mine Life
Gross Revenue Over Mine Life
Payback Period from Production Start
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