ELK CREEK, Neb. - Further developments are taking place in the Elk Creek project for NioCorp. 

NioCrop is planning a nine-hole drilling campaign to upgrade its reserve and resource classifications at the Elk Creek Critical Minerals Project in Elk Creek, about 10 miles from Tecumseh. 

The campaign is part of a broader effort to update the project’s feasibility study, incorporating fresh technical and economic data. This updated study is a critical component of the due diligence process associated with NioCorp’s ongoing efforts to secure up to $800-million in potential debt financing from the Export-Import Bank of the United States.

In addition to the updates to Mineral Resources and Mineral Reserves update, NioCorp expects to finalize engineering of its new and more efficient production process which incorporates the potential addition of light and heavy magnetic rare earth oxides, the planned production of titanium in the form of titanium tetrachloride, and the potential to produce both ferroniobium and niobium oxide as commercial products.

This is all part of NioCorp's overall goal of harvesting rare earths from the rural Johnson County site. Rare earths believed to be present include Niobium and Scandium.