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Update on Possible Niobium Mining Project in Southeast Nebraska
A new report confirms that a deposit of a
valuable and rare heat-resistant element in southeast Nebraska
appears sizeable and could be worth mining.
Canadian firm Quantum Rare Earth Developments announced the
results of a new mineral resource estimate Monday on the site near
Elk Creek. Quantum is trying to determine whether to build a mine
to harvest niobium and possibly other rare elements from more than
500 feet underground.
Quantum CEO Peter Dickie says this new report gives him
confidence in the company's mine development efforts. It shows that
the Nebraska site has a significant amount of niobium.
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
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