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Tough Sledding for Elk Creek Mining Project
(KTNC) - A Canadian mining company is having trouble raising money to move forward with plans to extract a valuable and rare heat-resistant element from beneath southeast Nebraska despite promising prospects.
Quantum Rare Earth Developments CEO Peter Dickie says the company remains committed to the Elk Creek, Nebraska project. That area is home to a deposit of niobium used in making steel and possibly other rare elements used in high-tech devices.
Dickie says Quantum has had trouble securing money. He says that's why there wasn't much activity this summer.
Elk Creek residents remain optimistic that Quantum's efforts to mine niobium will come to fruition despite the delays. Lavon Heidemann, who represented the area in the Legislature, says Quantum's project would be good, if the company can pull it off.
© MSC News
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