US NioCorp to Secure $60M for Critical Minerals Project

Published: Sep 30, 2025 16:51

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[SMM News: US NioCorp to Raise $60 Million for Scandium-Niobium-Titanium Project] US critical minerals developer NioCorp is expected to raise an additional $60 million, which will be invested in the construction of its Elk Creek project located in Nebraska. The project primarily focuses on the production of scandium, niobium, titanium, and other "critical minerals." Just one week prior, the company completed a $50 million stock offering. NioCorp plans to issue approximately 9.8 million shares at a price of $6.15 per share, with the offering expected to close on September 29. This stock issuance will again be conducted through the US investment bank Maxim Group as the placement agent. The company intends to use the newly raised funds to advance the Elk Creek project to commercial-scale production and for working capital purposes. It is worth noting that, in addition to the recent stock offering activities, the Elk Creek project has received other financial support, including up to $10 million from the US Department of Defense and $200 million from UK Export Finance.

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