NioCorp Developments Ltd. announced on April 30, 2025, that it has entered a 'new phase of execution' for its Elk Creek Critical Minerals Project. This announcement was made by CEO Mark Smith during a live global webcast.
Smith stated that with recent success in attracting significant new capital from institutional investors, NioCorp is now sufficiently funded to complete the work necessary to update its project's Feasibility Study. This updated study is a key requirement from the U.S. Export-Import Bank.
The completion of the updated Feasibility Study is crucial for securing project financing from both debt and equity sources, which will enable the company to move towards a construction start. This milestone indicates tangible progress in NioCorp's efforts to bring the project to commercial reality.
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