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NioCorp Launches Construction of Elk Creek Critical Minerals Project Mine Portal
NioCorp's Recent $100 Million Capital Raise Fuels Advancement of the Elk Creek Critical Minerals Project More than $500M in Gross Capital Raised in 2025/2026 Also Strengthens NioCorp's Position with the Export-Import Bank of the U.S. for Proposed ...
About this update from Niocorp Developments Ltd.
[{"type":"text","content":"NioCorp's Recent $100 Million Capital Raise Fuels Advancement of the Elk Creek Critical Minerals Project","length":108,"tagName":"p"},{"type":"text","content":"More than $500M in Gross Capital Raised in 2025/2026 Also Strengthens NioCorp's Position with the Export-Import Bank of the U.S. for Proposed Debt Financing","length":160,"tagName":"p"},{"type":"text","content":""We Look Forward to Hosting a Formal Groundbreaking Ceremony Following Completion of our Overall Project Financing Effort," Mr. Smith said","length":148,"tagName":"p"},{"type":"text","content":"CENTENNIAL, CO / ACCESS Newswire / February 26, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. critical minerals developer, today announced that construction of the main access to the underground portion of the Company's Elk Creek Critical Minerals Project (the "Elk Creek Project") in southeast Nebraska has now begun.","length":414,"tagName":"p"},{"type":"text","content":"With detailed engineering well underway and construction equipment mobilized to the project site near Elk Creek, Nebraska, NioCorp has launched an approximately $44.6 million effort to construct the mine's main entrance, known as a "portal," that will serve as the primary access point for personnel, equipment, and materials. The portal will also be used to deliver ore from the underground mine to the surface production plant. The Company also filed a formal "Notice of Commencement" with the Mine Safety and Health Administration (MSHA) in conjunction with this effort.","length":597,"tagName":"p"},{"type":"text","content":""Our success in raising approximately $500 million in capital investment in 2025 and year-to-date in 2026 is enabling more intensive project advancement across the table, including pre-construction of our underground mine in southeast Nebraska, strengthening our position with the Export-Import Bank of the U.S. ("EXIM") for our proposed debt financing, and building out our team in Nebraska to prepare for a formal construction launch of the entire project once we secure full project financing," said Mark A. Smith, Chairman and CEO of NioCorp.","length":566,"tagName":"p"},{"type":"text","content":"Mr. Smith added: "I am very gratifie...