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flag 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.

flag 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. flag Work is expected to start in the first quarter of 2026, with an estimated cost of $44.6 million. flag The portal will provide main access for personnel and equipment, including twin mine ramps and supporting infrastructure. flag 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. flag The project aims to produce niobium, scandium, titanium, and possibly rare earth elements critical for clean energy, defense, and advanced manufacturing. flag NioCorp emphasized the need for additional financing and noted strong community and partner support.

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