Niobium Mine in Nebraska

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Niobium Mine in Nebraska

Postby Brad » Wed May 05, 2010 11:36 am

Niobium Mine in Nebraska

High-tech buried treasure

http://www.omaha.com/article/20100505/N ... d-treasure

Paul Hammel WORLD-HERALD BUREAU wrote:LINCOLN - The rolling farmland of southeast Nebraska looks nothing like the rocky landscape typically associated with mining.

But in five years, shafts may be sunk 500 feet beneath the soil to mine what one geologist called “the star elements of the high-tech age.”

A Canadian company announced plans Tuesday to explore construction of a multimillion-dollar mining operation about 70 miles south of Omaha.

The mine would seek niobium, used in producing steel alloys for jet engines, and an array of “rare earth elements” that are used in everything from batteries for laptop computers and electric cars to the powerful magnets in wind-power generators.

An official of Quantum Rare Earth Developments said the company was drawn to a 14-square-mile deposit on the Johnson-Pawnee County line because of increasing demand for such minerals and the political uncertainty of current supplies from places such as China and Brazil.



Paul Hammel WORLD-HERALD BUREAU wrote:The U.S. Geological Survey, Chutter said, identified the Elk Creek formation as “one of the biggest resources of niobium globally. It's certainly the biggest in the U.S.
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Postby iamjacobm » Sat Apr 02, 2011 3:20 pm

http://www.resourceintelligence.net/fresh-from-successful-financing-quantum-rare-earth-ready-to-shift-nebraska-niobium-project-into-high-gear/16022

New interview on the topic.

The priority is the Nebraska project. The exact extent and amount of work that gets completed down there and the direction of that work will largely be determined by the 43-101 report. We do plan on doing an extensive amount of drilling this year on it and hopefully we will be in a position to start work on either a pre-feasibility or a full feasibility study.


http://seekingalpha.com/article/258667-quantum-reveals-massive-elk-creek-niobium-numbers

This article says there is twice of their original projections.

Historic numbers from Molycorp (MCP), which tested the area decades ago, estimated about 39 million tons of Niobium at 0.82%. “We had hoped for something in the same range as that,” Dickie adds.
But, in a stunning development, the results reveal a deposit over twice that size, roughly 83 million tons of 0.62% Nb2O5. The results are phenomenal and likely make Elk Creek the largest Niobium deposit in North America.


The full resource calculation erases doubt about the immense size of the Niobium deposit and about the Elk Creek project itself. The news is huge for Quantum Rare Earth, for Nebraska, and for the United States.


“Our drilling in April will help define exactly how big that higher-grade portion is, but it has us quite excited,” Dickie says.
"Exciting" isn’t a word residents of Elk Creek are accustom to hearing, but after these results, they better start getting used to it.


This sounds huge for the state and area.[/img]

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Re: Niobium Mine in Nebraska

Postby iamjacobm » Mon Jul 07, 2014 5:26 pm

http://journalstar.com/business/local/initial-niobium-samples-meet-expectations/article_9847d79b-06d2-535c-828d-0ab8bb66e0af.html

The company that hopes to develop a niobium mine in Johnson County said its initial drilling results are promising.

NioCorp Developments Ltd. said Thursday it sent 752 samples from its first round of drilling at a site near Elk Creek to a lab in Canada and got back results on 230 of the samples. NioCorp CEO Mark Smith said in a news release that the results so far were in line with the company's expectations.

Smith said drilling continues at the site with two rigs, and NioCorp expects to receive several more reports on results over the next couple of months.

NioCorp believes the mineral deposit at the site contains the highest-grade undeveloped niobium in North America. The Vancouver, British Columbia-based company began drilling last month for samples it will use to determine if the rare, heat-resistant metal there can be extracted and sold in quantities to make the mine a go.


NioCorp raised about $5.5 million in the fourth quarter of last year and the first part of this year to pay for the drilling and studies. Industry analysts estimate building the mine would take about $400 million more.

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Re: Niobium Mine in Nebraska

Postby iamjacobm » Mon Sep 22, 2014 7:16 pm

http://www.omaha.com/news/nebraska/mining-firm-says-rare-mineral-deposit-bigger/article_84daf546-42a5-11e4-978d-001a4bcf6878.html

NioCorp Developments said Monday that the latest drilling results show that the niobium deposit near Elk Creek is even bigger than expected.

The company also said Monday that it plans to raise up to $16.5 million through private placement to support the Elk Creek project.

NioCorp previously estimated that more than 100 million tons of niobium rests several hundred feet below the ground. The company is trying to determine if it will be profitable to build a mine.

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Re: Niobium Mine in Nebraska

Postby iamjacobm » Mon Apr 13, 2015 1:35 pm

Apparently findings released today say there could be over 6 billion worth of mineral below the ground and the upfront costs could cost up to a billion creating hundreds of jobs over a 40 year period.

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Re: Niobium Mine in Nebraska

Postby RNcyanide » Mon Apr 13, 2015 1:47 pm

According to NioCorp's home page, this deposit is the only one of its kind in North America. So that's kind of nice.
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Re: Niobium Mine in Nebraska

Postby MadMartin8 » Mon Apr 13, 2015 1:54 pm

iamjacobm wrote:Apparently findings released today say there could be over 6 billion worth of mineral below the ground and the upfront costs could cost up to a billion creating hundreds of jobs over a 40 year period.



Probably well over $6 billion down below there.
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Re: Keystone XL

Postby Coyote » Tue Apr 12, 2016 1:29 am

ricko wrote: I'm also encouraged by the discovery of a huge deposit of Niobium (sp?) discovered in southeastern Nebraska. This rare buit strategically critical element, used to strengthen metals for use in aircraft, etc., is only found in large quantities overseas in some potentially unfriendly countries like China. The deposit is estimated to be worth several billion dollars.



Upstart mining company hoping 2016 will be big year for Elk Creek niobium

NICHOLAS BERGIN - Lincoln Journal Star wrote:Honan said building the mine and associated facilities would take about two years. The project will create a peak of 1,000 construction jobs and about 300 permanent jobs.
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Re: Niobium Mine in Nebraska

Postby Omaha_corn_burner » Tue Apr 12, 2016 11:01 am

Slightly newer article
http://journalstar.com/business/local/n ... 064f0.html

Looks like their numbers have changed in the past few months also.
Smith said. Building the mine is expected to create up to 1,500 construction jobs and 300 to 400 permanent jobs.

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Niobium mine

Postby GRANDPASMUCKER » Wed Aug 31, 2016 6:30 pm

I have heard rumors that the Niobium Mine they are building in SE Nebraska is really getting rolling. Supposedly this is going to cost billions just to dig and get up and going and is going to cost more to build then even Google. Its somewhere just SE of Tecumseh and is going to have over 3000 people building it. They have already bored a small hole down 2000 feet and found the niobium 600 feet under the surface. They are going to bore a hole 25 feet in diameter going down 1500 feet and then build an entrance/elevator to go down and mine from. This niobium is real rare and they are going to make a fortune off it they claim. I know this rumor really gets deep huh.

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Re: Niobium mine

Postby S33 » Thu Sep 01, 2016 9:13 am

GRANDPASMUCKER wrote:I have heard rumors that the Niobium Mine they are building in SE Nebraska is really getting rolling. Supposedly this is going to cost billions just to dig and get up and going and is going to cost more to build then even Google. Its somewhere just SE of Tecumseh and is going to have over 3000 people building it. They have already bored a small hole down 2000 feet and found the niobium 600 feet under the surface. They are going to bore a hole 25 feet in diameter going down 1500 feet and then build an entrance/elevator to go down and mine from. This niobium is real rare and they are going to make a fortune off it they claim. I know this rumor really gets deep huh.

Pretty cool they found this mineral in Southeast Nebraska of all places. I don't really know all that much about Niobium, but I know SE Nebraska needs jobs
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Re: Niobium mine

Postby GRANDPASMUCKER » Thu Sep 01, 2016 9:35 am

S33 wrote:
GRANDPASMUCKER wrote:I have heard rumors that the Niobium Mine they are building in SE Nebraska is really getting rolling. Supposedly this is going to cost billions just to dig and get up and going and is going to cost more to build then even Google. Its somewhere just SE of Tecumseh and is going to have over 3000 people building it. They have already bored a small hole down 2000 feet and found the niobium 600 feet under the surface. They are going to bore a hole 25 feet in diameter going down 1500 feet and then build an entrance/elevator to go down and mine from. This niobium is real rare and they are going to make a fortune off it they claim. I know this rumor really gets deep huh.

Pretty cool they found this mineral in Southeast Nebraska of all places. I don't really know all that much about Niobium, but I know SE Nebraska needs jobs


The way the rumor went was they can not begin to come up with enough workers in the area to build this mine so they might need "man camps" to house all the workers they are going to need to bring in.

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Re: Niobium mine

Postby S33 » Thu Sep 01, 2016 9:37 am

GRANDPASMUCKER wrote:
S33 wrote:
GRANDPASMUCKER wrote:I have heard rumors that the Niobium Mine they are building in SE Nebraska is really getting rolling. Supposedly this is going to cost billions just to dig and get up and going and is going to cost more to build then even Google. Its somewhere just SE of Tecumseh and is going to have over 3000 people building it. They have already bored a small hole down 2000 feet and found the niobium 600 feet under the surface. They are going to bore a hole 25 feet in diameter going down 1500 feet and then build an entrance/elevator to go down and mine from. This niobium is real rare and they are going to make a fortune off it they claim. I know this rumor really gets deep huh.

Pretty cool they found this mineral in Southeast Nebraska of all places. I don't really know all that much about Niobium, but I know SE Nebraska needs jobs


The way the rumor went was they can not begin to come up with enough workers in the area to build this mine so they might need "man camps" to house all the workers they are going to need to bring in.

Probably some surplus housing around the Tecumseh area from all the correctional officers who have fled from the prison...
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