NioCorp cuts critical metals finance deal

Metal Tech News - September 26, 2022

Last updated 10/4/2022 at 2:13pm

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NioCorp has agreed to a merger with GX Acquisition Corp. II, a blank check corporation with nearly US$300 million in the bank and a Nasdaq stock exchange listing that will help provide access to the capital needed to develop a mine at the Elk Creek niobium-scandium-titanium-rare earths project.

Proposed merger with GXII would provide Nasdaq listing, access to cash for Elk Creek.

To fund the development of a mine at its Elk Creek project in Nebraska that produces niobium, rare earths, and other metals critical to American industry, NioCorp Developments Ltd. is merging with GX Acquisition Corp. II, a blank check corporation with nearly US$300 million in the bank and a Nasdaq st...

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