NioCorp (TSX.V:NB - OTCQX:NIOBF - FSE:BR3) is developing North America's highest grade, large tonnage Niobium project in Elk Creek, Nebraska. In addition to Niobium, metallurgical studies will determine the economic potential of byproduct minerals. Click to view news realease of potential mineral byproducts.
NioCorp aims to be the solution for America’s strategic and critical Niobium needs for the domestic steel and aviation industry. Niobium is crucial in high strength steel for bridges and buildings, oil and gas pipelines, automobiles, stainless steel, MRI machines, wind turbines, jet thrusters, and more.
America has imported 100% of the Niobium it uses for the past 52 years. The US considers Niobium a strategic metal and is contemplating stockpiling due to the supply concentration risk and economic importance.
Elk Creek is an advanced project as Molycorp drilled 110 holes in the geological anomaly during the 1970s and 1980s. Niobium prices have increased rapidly since then and in 2010 NioCorp took up where Molycorp left off.
Elk Creek, Nebraska Niobium & Rare Earth Project Key Information:
- 19.3 Million Tonnes @ 0.67% Nb2O5 (Indicated) and 83.3 Million Tonnes @ 0.63% Nb2O5 (Inferred)
- 129,182,000 kg of contained Nb2O5 (Indicated) and 523,844,000 kg of contained Nb2O5 (Inferred)
- Niobium price: ~$42/kg
- 131 meters of 1.02% Nb2O5 – a highlight from 2011 summer drill campaign
- Deposit is open at depth, to the Northwest and Southeast