Printer Friendly
Email to a Friend
NioCorp drill rig at Elk Creek
OMAHA, Neb. (AP) - It might cost more than $900 million to begin extracting a rare heat-resistant element in southeast Nebraska, but the Canadian firm pursuing the mine project remains optimistic it will be built.
NioCorp Developments officials discussed the latest projections for a niobium mine near Elk Creek with investors Monday.
NioCorp Chairman Mark Smith says he believes the company will be able to secure financing to build the mine through a combination of borrowing money and issuing stock. He says the mine could start delivering ore as soon as late 2017.
The latest cost figure is significantly higher than earlier projections, but Smith says the numbers are conservative.
The U.S. currently imports nearly all the niobium that's used in this country to harden steel and make it more heat-resistant for industrial uses.
© Associated Press
MOST VIEWED STORIES
Holton man killed in Jackson Co crash
Morrill pair arrested on drug, child endangerment charges
Cold case investigation leads to Holton warrant
Effingham owner regains truck following theft, arrest
Horton City Clerk's resignation accepted Monday
Local residents avoid injury in chain reaction crash
90 mph+ downburst winds blamed for Thursday damage
Former Kickapoo Tribal chairman arrested
Winchester native named as Amberwell CEO
Wamego man sentenced in second fentanyl-related death
Mayetta pair arrested on meth, child endangerment charges
Stolen trailer, 4-wheeler, recovered in Atchison
Holton property search concludes with arrest
Juveniles face charges following Atchison break-in
Atchison Co's Oswald named honorary bailiff for KS Court
Two arrested following Friday Jackson Co traffic stop
McLouth man injured in Monday wreck
No injuries in early Sunday morning house fire in Falls City
LATEST STORIES
Richardson County Board approves pay raise for dispatchers
NPPD urges farmers to be safe around power lines
Arbor Day proclaimed in Atchison
Former AG Schmidt running for KS' 2nd Congressional District
Doniphan Co Commission approves overlay projects
Holton property search concludes with arrest
Former Kickapoo Tribal chairman arrested
Atchison company earns energy grant; upgrades planned
Hiawatha, Ks 66434