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Elk Creek Preliminary Economic Assessment

Our Flagship Project

Elk Creek Project Update

Highest grade Niobium project in North America, and largest prospective producer of Scandium in the world

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1x1 with CEO Mark Smith

MarkSmith 1x1 interview Jan 2017 350x196

See this video of Niocorp Executive Chair and CEO Mark A. Smith describing NioCorp's flagship Elk Creek Superalloy Materials Project. 

Elk Creek Project Virtual Tour

Elk Creek Virtual Tour

See this video of a virtual tour of NioCorp's proposed Elk Creek Superalloy Materials Project. 


NioCorp is developing North America's only niobium / scandium / titanium project. Located near Elk Creek, Nebraska, the Elk Creek Project is the highest grade niobium project in North America, as well as the largest prospective producer of scandium in the world.  These elements are unique and valuable superalloy materials that are strategic and critical to many industries and national defense technologies.

NioCorp's most recent updated Preliminary Economic Assessment, released in October 2015, shows why the Elk Creek Project will deliver exceptional economic results. With anticipated production of 7,490 tonnes per annum (tpa) of Ferroniobium, 97 tpa of Scandium Trioxide, and 23,960 tpa of Titanium Dioxide over its 32-year operating life, Elk Creek is estimated to have pre-tax Net Present Value (NPV) of US$3.07 billion, with an after-tax Internal Rate of Return (IRR) of 27.6%. These economics were calculated using an 8% discount rate.

To learn more about NioCorp, and its flagship Elk Creek Superalloy Materials Project

How To Get Updates

To stay abreast with developments on the Elk Creek Project, go here to sign up for our email updates.

Cautionary Statement

The October 2015 PEA, and other PEAs completed by NioCorp, are preliminary in nature and include a level of engineering precision and assumptions which currently are considered too speculative to have the economic considerations applied to them that would enable Mineral Resources to be categorized as Mineral Reserves. Inferred Mineral Resources are not included in the mine plan for the Amended PEA2. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Amended PEA2 includes price and market assumptions concerning an expanded demand in the scandium market. There is no certainty that the Amended PEA2 will be realized.

1 Based on a B737NG flying 3000-4000 hours per year, and a long-term jet fuel price of $2-3/gallon.  Savings potential is greater in long haul aircraft with higher overall utilization.

About Niobium


Niobium production is a multi-billion dollar a year market that is essential to the automotive, pipeline and construction industries.

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About Scandium


Scandium is a critical component in advanced fuel cell technologies and has numerous applications in the aerospace and transportation sectors.

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In the Media


Address: 7000 S. Yosemite St. Suite 115
Centennial, CO 80112

General Inquiries:
(720) 639-4647

Investor Relations:
Jim Sims, VP External Affairs
Telephone: 1-855-2-NIOCORP
Email: jim.sims@niocorp.com