OMAHA, Neb. (AP) — The mining company that wants to extract an assortment of rare elements from under the ground in southeast Nebraska has announced a deal that will give it up to $285 million to help cover the roughly $1.1 billion cost of building the mine. In addition to the acquisition of a special purchase acquisition company called GX Acquisition Corp. II that NioCorp announced Monday, the Centennial, Colorado-based company also signed letters of intent to borrow up to $81 million more from Yorkville Advisors Global. So NioCorp could get as much as $366 million to finance the project. NioCorp CEO Mark Smith said “these transactions have the potential to put NioCorp on the fast track to obtain the required project financing.”
© Many Signals Communications
MOST VIEWED STORIES
Three former Atchison Co employees arrested on felonies
Effingham woman killed Friday in Atchison wreck
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Services set for Effingham woman killed in crash
Street lights to be discussed at Monday city meeting
Barricaded fugitive arrested in Jackson County
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
USD 430 Board accepts resignations, approves new hires
Fatal Atchison apt fire investigation continues
U.S. 36 work in Doniphan Co to impact motorists
Results from SE Nebraska contested Primary Elections
Truck fire at CGB facility in Falls City
Date set for signals switch at Hiawatha intersection
Flags to fly half staff Wednesday across KS
LATEST STORIES
Doniphan Co Attorney files for re-election
State Board approves land transfer agreements
Nemaha NRD Board appoints new Director
Johnson-Brock Board approves personnel changes
KS Omnibus Budget signed; funds mental health, economy, others
Pawnee City School to move forward with strategic planning
Falls City High School parking lot project approved
Annual fire hydrant flushing underway in Falls City