NioCorp's updated feasibility study pegs Elk Creek Critical Minerals Project at $4 billion

NioCorp Developments unveiled the results of an updated feasibility study on Tuesday for its Elk Creek critical minerals project, located in southeastern Nebraska.Asian Metal Copyright As of April 2, 2026, the Elk Creek Mineral Reserve totals 45.Asian Metal Copyright According to the company, the study projects the development of a 40-year, fully integrated U.Asian Metal Copyright This comprises 7.Asian Metal CopyrightS.Asian Metal Copyright This comprises 7.Asian Metal Copyright operation with a net present value (NPV) exceeding $4 billion, capable of producing eight critical-mineral products from a single ore body.Asian Metal Copyright .Asian Metal Copyright All eight products-including ferroniobium, scandium trioxide, titanium tetrachloride, and a range of rare earth oxides such as neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, samarium-europium-gadolinium carbonate, and heavy rare earth carbonate-are designated as critical minerals by the U.Asian Metal Copyright76%, TiO? at 2.Asian Metal CopyrightS.Asian Metal Copyright4 million tons of Probable Mineral Reserves.Asian Metal Copyright government.

The 2026 Technical Report establishes a larger, higher-confidence Mineral Reserve base, underpinning the project's extended lifespan. As of April 2, 2026, the Elk Creek Mineral Reserve totals 45.Asian Metal Copyright The 2026 estimate marks the first inclusion of a Proven Mineral Reserve and, for the first time, incorporates rare earth elements into the Reserve classification---both of which support the expanded portfolio of eight critical mineral products and a mine life of 40 years.Asian Metal Copyright9 million tons, grading Nb?O? at 0.Asian Metal Copyright All eight products-including ferroniobium, scandium trioxide, titanium tetrachloride, and a range of rare earth oxides such as neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, samarium-europium-gadolinium carbonate, and heavy rare earth carbonate-are designated as critical minerals by the U.Asian Metal Copyright76%, TiO? at 2.Asian Metal Copyright68%, Sc at 69.Asian Metal Copyright68%, Sc at 69.Asian Metal CopyrightS.Asian Metal Copyright3 ppm, and TREO at 3,446 ppm.Asian Metal Copyright As of April 2, 2026, the Elk Creek Mineral Reserve totals 45.Asian Metal Copyright This comprises 7.Asian Metal Copyright According to the company, the study projects the development of a 40-year, fully integrated U.Asian Metal Copyright6 million tons of Proven and 38.Asian Metal Copyright government.Asian Metal Copyright4 million tons of Probable Mineral Reserves.Asian Metal Copyright The 2026 estimate marks the first inclusion of a Proven Mineral Reserve and, for the first time, incorporates rare earth elements into the Reserve classification---both of which support the expanded portfolio of eight critical mineral products and a mine life of 40 years.Asian Metal Copyright The 2026 estimate marks the first inclusion of a Proven Mineral Reserve and, for the first time, incorporates rare earth elements into the Reserve classification---both of which support the expanded portfolio of eight critical mineral products and a mine life of 40 years.

Over the life of the mine, average annual production is forecast at 8,095 tonnes of ferroniobium, 118 tonnes of scandium oxide, 672 tonnes of neodymium-praseodymium oxide, 17 tonnes of terbium oxide, 67 tonnes of dysprosium oxide, 354 tonnes of SEG carbonate, 262 tonnes of heavies carbonate, and 59,820 tonnes of titanium tetrachloride.
.Asian Metal Copyright4 million tons of Probable Mineral ReservesAsian Metal Copyright