Mining firm optimistic about rare mineral deposit

Published June 26, 2014 2:07pm ET



ELK CREEK, Neb. (AP) — A Canadian firm hoping to build a mine to collect a valuable and rare heat-resistant element from beneath southeast Nebraska says the first samples collected this year are encouraging.

NioCorp Developments said Thursday the initial analysis of 230 samples reinforces the company’s positive view of the niobium deposit near Elk Creek.

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