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Niocorp Developments strikes deal for final land parcel at Elk Creek

Monday, April 10, 2017 9:01
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(Before It's News)

Construction of Niocorp Developments Ltd’s (CVE:NB) superalloy materials project in Nebraska has moved a step closer – as it struck  an agreement with private landowners on the final parcel of land needed.

The so called ‘perpetual easement’ is for a parcel at the end of Niocorp’s proposed waterline to the Missouri River from its facility near Elk Creek.

The firm says it means the shortest route for the waterline between the facility and the Missouri River, which helps to cut costs, reduce the environmental impact.

Mark A. Smith, executive chairman and chief executive, said: “We are very pleased that we have reached agreement with Nebraska landowners to access all of the surface land and sub-surface areas needed to move this project forward to construction launch.

“Scott Honan and his team have built very strong and enduring partnerships with so many landowners in the area, and these landowners continue to be extraordinarily helpful and enthusiastic as we move the Elk Creek Project forward.”

Notably, NioCorp’s planned manufacturing facility, underground mine, tailings impoundment, and nearly all of its Missouri River waterline are now estimated to result in zero permanent impacts to any federally jurisdictional water.

Niocorp’s project in southeast Nebraska will produce niobium, scandium and titanium.

At the end of March it welcomed progress on its feasibility study for Elk Creek, where it has now successfully produced high-purity commercial grade scandium.

The 99% purity commercial purity  was achieved at the SGS lab in Ontario and the group said it was a major milestone in its plans to become one of the world’s largest producers of this high-value metal.

It has finalised plans for the proposed scandium purification circuit.

Once the feasibility study is complete, the group can begin to prepare for construction.

It expects to release the results of the feasibility study in the second calendar quarter of 2017.

Story by ProactiveInvestors


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