NioCorp Developments Ltd. announced on April 29, 2025, that it has engaged multiple engineering and consulting firms. These firms will complete the work required to update NioCorp's Feasibility Study for the Elk Creek Critical Minerals Project.
This updated Feasibility Study is a crucial requirement as part of the due diligence process for NioCorp's application for debt financing from the U.S. Export-Import Bank (EXIM). The study will incorporate finalized engineering and costing for the new production process, including rare earths and the potential Railveyor™ system.
The engagement of these firms signifies a concrete step forward in advancing the Elk Creek Project. It demonstrates NioCorp's commitment to meeting the necessary technical and financial benchmarks to secure the substantial project financing needed for construction.
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