NioCorp to accelerate pre-construction activities at Elk Creek Project

NioCorp (NB) Developments plans to ramp up pre-construction activities at its Elk Creek Critical Minerals Project as a result of the Company’s success over the past three months in raising approximately $60.7M in net proceeds from equity offerings driven largely by institutional investment funds. “NioCorp is now empowered to accelerate field activities and other pre-construction work streams so that the Elk Creek Project can get out of the blocks that much faster once full project financing is obtained,” said Mark Smith, CEO. “Early capital helps us get a jump in many different areas that in turn should help us accelerate bringing our products to market that much sooner. There is both an economic and a national defense imperative to getting strategic U.S. resources like the Elk Creek Project online as rapidly as possible.”