NioCorp closes C$4.8 million private placement to advance Elk Creek Critical Minerals Project
2022-07-01 14:27:30 [Print]
U.S.-based NioCorp Developments Ltd. announced on June 30 that it has closed its previously announced non-brokered private placement with 4,981,035 units of the company issued at a price per unit of C$0.96, for total gross proceeds of approximately C$4.8 million.
Proceeds of the private placement will be used for continued advancement of the company's Elk Creek Critical Minerals Project and for working capital and general corporate purposes.
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.
Proceeds of the private placement will be used for continued advancement of the company's Elk Creek Critical Minerals Project and for working capital and general corporate purposes.
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.
