To get funding for rare earth minerals mining in Elk Creek such as niobium, scandium, and titanium NioCorp has conducted feasibility studies. The company also discloses other rare earth elements in the area which is the second-largest MP Materials’ Mountain Pass deposit in California.
NioCorp is planning to mine right after getting enough financials. OTC: NIOBF is trading near $0.63 and anytime it could be pushed to astronomical highs as EENF stock did a year ago.
The company believes to contribute to electrified transportation, renewable energy, infrastructure projects, and many others. Supposedly, the revenue and earnings could be boosted after producing the rare earth elements.