NioCorp Reports Encouraging Results from Elk Creek Drill

NioCorp Developments Ltd., a U.S. critical minerals developer, announced promising assay results from the second diamond drill hole in its Elk Creek Project in Southeast Nebraska. The drill hole reached a depth of 928.42 meters, intersecting targeted lithologies and showing extended intervals of mineralization consistent with the existing mineral resource model.

This outcome reinforces the geological model and highlights continuity and grade distribution within the deposit, according to CEO Mark A. Smith. Notably, some intervals displayed higher-than-expected assay grades, providing additional impetus to NioCorp's exploration plans.

The drilling program aims to aid in upgrading portions of the project's mineral resources from indicated to measured, and from probable to proven reserves. Results from further drill holes are anticipated in the coming weeks, with final results by the end of 2025.