About NioCorp Developments

NioCorp Developments Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. The company, through Elk Creek Resources Corp., develops a superalloy materials project that if and when developed, will produce niobium, scandium, and titanium products. Known as the Elk Creek Project, it is located near Elk Creek, Nebraska, in the southeast portion of the state. During June 30, 2021, the company initiated a review of the economic potential of expanding its planned product suite from the Elk Creek Project to also include rare earth products. The company has completed a comprehensive geologic and metallurgical evaluation of all of the rare earth data associated with the Elk Creek Project. Strategy The company’s primary business strategy is to advance its Elk Creek Project to commercial production. The company focuses on obtaining additional funds to carry out its near-term planned work programs associated with securing the project financing necessary to complete mine development and construction of the Elk Creek Project. History The company was founded in 1987. It was incorporated under the laws of the Province of British Columbia under the Business Corporations Act (British Columbia). The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in 2013.