NioCorp Developments expects to receive the funding from an entity managed by The Lind Partners, a New York-based asset management firm, on or around July 9.
Niobium Mining News
The Trump administration is strategizing to reduce import reliance for metals "critical to the economic and national security of the United States."
Niocorp's $1 billion Nebraska scandium-niobium-titanium project would reduce US dependence on Russia and China for superalloys used in defence industry.
The parent group's Executive Chairman Chaochun Li has replaced him as acting CEO.
Osisko purchased 9.0 million common shares of NioBay Metals and now owns approximately 19.7% of Niobay’s issued and outstanding Shares.
MIT scientists describe fusion power as a potentially "inexhaustible and zero-carbon source of energy."
Company said rising potash and phosphate prices boosted net sales.
NioCorp’s product suite at its Elk Creek superalloy metals mine proposed as “critical minerals” under Trump initiative
NioCorp believes that the proposed listing significantly elevates the strategic importance of the Elk Creek Project.
Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.
Overall, as much as $750 million out of a total of $1 billion in capital expenditures is expected to be spent in Nebraska to establish the facility.
Niocorp's Elk Creek project in southeast Nebraska aims to produce niobium, scandium and titanium.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.
In what was probably the least publicized bidding war in mining history, fifteen companies took part in the sale of Anglo American’s niobium and phosphates operations located in the states Goiás and São Paulo, in Brazil.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.
Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.
Anglo hopes to get $1 billion bids for its niobium and phosphate assets next week