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NioCorp to accelerate pre-construction activities for Elk Creek project

By John Nixon

07/22/2025

(KLZA)-- NioCorp Developments Ltd. plans to ramp up pre-construction activities at its Elk Creek Critical Minerals Project known as the “Elk Creek Project,” as a result of the Company's success over the past three months in raising about $60.7 million in net proceeds from equity offerings driven largely by institutional investment funds.

NioCorp successfully raised net proceeds of approximately $18.9 million in a public equity offering that closed on April 21, 2025 and approximately $41.8 million in a public equity offering that closed on July 18, 2024.

NioCorp CEO and Executive Chairman Mark Smith says 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.

The latest company new release notes that with the intensive new focus and additional government funding by the Trump Administration to accelerate critical minerals mining, processing and supply chain development in the U.S., we feel a responsibility to accelerate our efforts to deliver multiple critical mineral products to market.

Among the initiatives that NioCorp intends to launch as it continues to advance the Project are: Additional land acquisition; Geomechanical field work; Hydrogeological field work; Detailed engineering; Early works / site preparation; Infrastructure development; Utility hookups; Operational permitting; and Continuing build-out of the owner's team.

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