NioCorp Accelerates Pre-Construction at Elk Creek Project

NioCorp Developments Ltd. plans to accelerate pre-construction activities at its Elk Creek Critical Minerals Project following a successful fundraising round. The company has raised approximately $60.7 million from institutional investors over the past three months.

CEO Mark A. Smith stated that the company is poised to advance field activities and pre-construction work, aiming to expedite the project's timeline. This financial boost supports ongoing discussions with the U.S. Export-Import Bank and other financiers.

NioCorp's initiatives include land acquisition, geomechanical and hydrogeological work, detailed engineering, and operational permitting. The move aligns with increased government focus on critical minerals supply chains.