NioCorp signs new agreement
15 November 2017
NioCorp Developments Ltd. has announced that it has signed an agreement with Rockies Express Pipeline LLC to construct and operate a 27.8-mile natural gas pipeline that will supply the company's planned Elk Creek Superalloy Facility, which will produce titanium, niobium and scandium.
Under the agreement, following the receipt of financing for the project, Rockies Express has agreed to design, construct and operate a natural gas lateral line that will extend from the Rockies Express main line in Marshall County, Kansas to the Elk Creek Facility and will deliver at least 27,500 MMBTU (Million British Thermal Units) of natural gas per day when the Elk Creek Facility is fully operational. The value of the contract, to be paid over a period of 11 years, is approximately USD $63 million. .