NioCorp purchases land parcels for Elk Creek project

NioCorp (NB) Developments formally closed on the purchase of three key land parcels associated with the Company’s Elk Creek Critical Minerals Project. Along with the land NioCorp purchased in 2021, this acquisition provides the Company with land needed to locate a significant portion of the Elk Creek Project’s planned production operations and infrastructure, along with improvements to the local road system, once sufficient project financing is obtained. NioCorp purchased in 2021 its first land parcel needed for the Elk Creek Project, which is where the Company plans to locate the Elk Creek Project’s mine infrastructure and supporting operations. The original land purchase also provided the Company with ownership of the mineral rights to the majority of the Elk Creek Project’s Mineral Resource and Mineral Reserve.