The proposed mine is expected to create over 400 jobs if it is built. NioCorp has raised more than $80 million since 2013 to explore the site, but development of the project dates back to the 1970s when a different company first started drilling samples. The Sims 4: NanoCan Touchless Trashcan (The Garbage Can That Makes Money) 3,873 views 68 Dislike Share Save taylorsaurus 76.3K subscribers Making money in the sims 4 doesn't. “This could really turbocharge our project financing and help to accelerate moving the project to construction and eventual commercial operation,” NioCorp CEO Mark Smith said. The proposed mine’s main product would be niobium that’s used to make steel lighter and stronger.īut most of the rare earth elements available today are produced in China, so President Joe Biden has been pressing for more of them to be mined domestically. It’s also not clear just how much of the highly sought-after elements Stellantis would be able to buy as part of this agreement because NioCorp is still working to determine whether it will be make economic sense to produce the neodymium-praseodymium oxide, dysprosium oxide, and terbium oxide used to make magnets. The companies didn’t disclose how much Stellantis will pay because those details are still being negotiated, but this deal with such a high-profile buyer will likely provide a boost to NioCorp’s effort to raise $1.1 billion to establish the mine about 80 miles (130 kilometers) south of Omaha near the town of Elk Creek. NioCorp announced the tentative agreement with the automaker whose brands include Chrysler, Alfa Romeo and Maserati on Thursday.
(AP) - The company that wants to mine for critical minerals in southeast Nebraska has signed a deal with Stellantis, giving the automaker access to the rare earth elements used to produce high-powered magnets needed for its electric vehicles.
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