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NioCorp approved construction of a $44.6M mine portal in Nebraska to access critical minerals for clean energy and defense, with work starting in 2026.
NioCorp Developments Ltd. has received board approval to begin construction of the Mine Portal Project at its Elk Creek Critical Minerals Project in Nebraska, a key step toward advancing the underground mine.
Work is expected to start in the first quarter of 2026, with an estimated cost of $44.6 million.
The portal will provide main access for personnel and equipment, including twin mine ramps and supporting infrastructure.
It will enable the use of the Railveyor™ system, an electric-powered bulk material handling solution that replaces a prior design, potentially reducing costs and development time.
The project aims to produce niobium, scandium, titanium, and possibly rare earth elements critical for clean energy, defense, and advanced manufacturing.
NioCorp emphasized the need for additional financing and noted strong community and partner support.
NioCorp aprobó la construcción de un portal minero de $44.6M en Nebraska para acceder a minerales críticos para energía limpia y defensa, con trabajos que comenzarán en 2026.