NioCorp Developments Ltd. announced on April 23, 2025, the launch of a limited 9-hole drilling campaign at its Nebraska-based Elk Creek Critical Minerals Project. The 12-week program is set to begin later this month.
The drilling campaign is designed to support the conversion of a portion of the current Indicated Resources into Measured Resources and a portion of the current Probable Mineral Reserves into Proven Mineral Reserves. This upgrade is essential for an updated feasibility study.
An updated feasibility study is a necessary component of the due diligence process for NioCorp's application for debt financing from the U.S. Export-Import Bank. This operational step is critical for advancing the project towards securing the required construction funding.
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