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Mine project takes another step forward

By John Nixon

07/15/2020

NioCorp drill rig at Elk Creek

(KLZA)-- NioCorp Developments, the company attempting to open a Superalloy Materials mine near Elk Creek, Nebraska has secured an option-to-purchase a 164-acre parcel of land in Johnson and Pawnee Counties, completing the process of securing options on all the land needed for construction, operations and planned future expansions.

The options secured by NioCorp now cover the known Elk Creek Mineral Resource and Mineral Reserve, as well as the strike of the orebody to the northwest and southwest. There are no plans to extend any other option-to-purchase agreements or enter into new land option agreements at this time.

The company now has option-to-purchase agreements or extensions on a total of 2,536 acres of land in Johnson and Pawnee Counties.

Elk Creek Resources Corporation President and NioCorp Chief Operating Officer Scott Honan says he looks forward to being able to move to a construction start once project financing is secured.

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