Updated feasibility study gives NioCorp’s Elk Creek critical minerals project a $4B valuation
Project in southeastern Nebraska expected to produce eight critical minerals.
NioCorp Developments (NASDAQ:NB) has released an updated feasibility study for its Elk Creek critical minerals project in southeastern Nebraska, revealing a projected $4 billion valuation. The company anticipates a 40-year, integrated U.S. operation that will produce eight critical-mineral products from a single ore body. According to the 2026 study, the project's pre-tax net present value exceeds $4.1 billion, with an after-tax NPV8% of $3.4 billion.
The project is forecast to generate $37.4 billion in life-of-mine revenue, $608 million in average annual EBITDA, and $519 million in average annual operating cash flow. NioCorp CEO Mark A. Smith believes the Elk Creek Project will bolster the U.S. critical-mineral and defense supply chains by providing an American-made solution for essential materials needed in national defense, advanced manufacturing, energy resilience, and U.S. economic growth.
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