Up to 1,200 Construction Workers Expected to be Hired to Build NioCorp’s Elk Creek, Nebraska Superalloy Facility
Building the Elk Creek, Nebraska Superalloy Materials Facility (the “Facility”) proposed by NioCorp Developments (“NioCorp” or the “Company”) (TSX: NB, OTCQX: NIOBF, FSE: BR3) is expected to result in the hiring of as many as 1,200 construction workers at the peak of the construction period. Moreover, of the total $1 billion in capital expenditures required … Continued
Building the Elk Creek, Nebraska Superalloy Materials Facility (the “Facility”) proposed by NioCorp Developments (“NioCorp” or the “Company”) (TSX: NB, OTCQX: NIOBF, FSE: BR3) is expected to result in the hiring of as many as 1,200 construction workers at the peak of the construction period. Moreover, of the total $1 billion in capital expenditures required to construct and bring the Facility into operation over that period, between $500-$750 million is expected to be spent in Nebraska.
These are among the findings of an analysis, released by NioCorp, detailing some of the possible macroeconomic benefits to Nebraska and the region of the Facility’s construction and operation.
The analysis is based upon the findings and forecasts in the recently completed Elk Creek Feasibility Study (“Feasibility Study”), a CIM-compliant Technical Report developed in accordance with National Instrument 43-101 (“NI 43-101”).
Once in production, the Facility is estimated to support as many as 466 full-time jobs, generating an average of $39 million in annual payroll. Additionally, $129 million annually is estimated to be required in operating expenditures. Over the operational life of the Facility, an estimated $5.3 billion will be spent on operating expenses.
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