At a town hall meeting in Elk Creek on June 11, representatives of NioCorp, a Canada-based company, were optimistic that a Niobium deposit near the small southeast Nebraska town would be productive enough to attract the necessary investment to move forward with mining operations.
The village of Elk Creek in southeast Nebraska, US, is small, home to just about 100 people. However the population could soon see a rather large number of people and investors settling in town, as plans from a Canadian firm to develop a nearby niobium mine are quickly moving forward.
Vancouver-based NioCorp Developments (CVE:NB) said last week it has raised more than $5.5 million to fast track drilling and analysis of what could be the last core samples taken from the site near Elk Creek.
The mine will focus on producing niobium, considered to be among the most critical, but less publicized metal.
Niobium production is a multi-billion dollar a year market that is essential to the automotive, pipeline and construction industries.
Scandium is a critical component in advanced fuel cell technologies and has numerous applications in the aerospace and transportation sectors.
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Jim Sims, VP External Affairs