New Plan to Treat Water Onsite Instead of Discharging to the Missouri River Provides a Major Advance in Environmental Performance and Eliminates the Need for Any Further NEPA-Level Permits
Source: globenewswire.com
NioCorp Developments Ltd., a resource company focused on developing its Elk Creek Superalloy Materials Project in southeast Nebraska, US, recently announced a new design for the project and results of an updated NI-43-101 Feasibility Study (FS). The new design for the Elk Creek Project’s underground mine will significantly improve the Project’s economics while reducing the environmental impact through the use of ground freezing and other changes in underground development. Compared to the previous FS, the 2019 FS reports a 16.2% jump in Life-of-mine revenue to $20.8 billion, a 12% increase in Pre-tax NPV to $2.57 billion and an 18.9% increase in after-tax IRR to 25.8%.
