Southwestern Nebraska niobium mine lacks major investors

During the conference call, he said there were significant players interested, but COVID has complicated an already complex negotiation. Smith was asked if the delay reflected any doubts major investors might have about the niobium and scandium market that would be produced by the deal. He Smith, “I can unequivocally say that there is absolute alignment to move forward on this project, and I couldn’t be happier about it.”

Over the past few years, the company’s management has secured most of the necessary government permits, extended and extended land rights, and has lined up a range of contractors ready to start digging. COO Scott Honan, speaking in an online briefing after the annual meeting, called the Elk Creek project “ready to go,” a phrase heard repeatedly in previous public presentations . This time, however, he adds that the management team “has moved as far as possible on the road to project implementation before putting in place project-level funding.”

Smith said he understood shareholders might be frustrated with the delays. Over the past year, stocks have fluctuated but remain at about the same price as a year ago.

As of Thursday’s trading, the price was 61 cents per share.

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