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Can NioCorp's Elk Creek Project Fuel Its Long-Term Momentum?
ZACKS· 2025-11-13 17:05
Core Insights - NioCorp Developments Ltd. is advancing its Elk Creek Project in Nebraska, aimed at producing critical minerals essential for electric vehicles, clean energy, and defense technologies [1] Group 1: Project Development - The company is focusing on drilling programs at Elk Creek to enhance resource estimates and improve feasibility study accuracy, which is crucial for future construction planning and attracting financing partners [2] - NioCorp completed the acquisition of additional land in Johnson County, securing all necessary surface and mineral rights for the planned underground mine and processing facility [4] Group 2: Funding and Financials - To support its progress, NioCorp raised approximately $60 million through two public offerings in fiscal 2025 and is pursuing a loan from the U.S. Export-Import Bank under the "Make More in America" program [3] - The company signed a $10 million agreement with the U.S. Department of Defense to support engineering and drilling work at Elk Creek [3] - The estimated capital required to move Elk Creek into construction and production exceeds $1.1 billion, which is critical for the company's future growth [5] Group 3: Market Performance - NioCorp's shares have increased by 335.4% over the past year, significantly outperforming the industry growth of 17.5% [8] - The company is currently trading at a forward price-to-earnings ratio of negative 19.58X, compared to the industry's average of 16.22X, indicating a lower valuation relative to peers [11]
First American Uranium Issues Statement on Canada's G7 Mineral Strategy – Highlights Canada's Role in the Global Critical Minerals Supply Chain
Globenewswire· 2025-11-04 12:30
Vancouver, BC, Nov. 04, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCQB: NIOMF) (“First American Uranium”, or the “Company”) is pleased to respond to the announcement by the Government of Canada’s announcement of new international investments and partnerships to strengthen critical-minerals supply chains and advance sustainable resource development. The Company views this initiative as a significant step toward reinforcing Canada’s position in the global supply chain and i ...