Company gets closer to raising $1.1B it needs for mine
17 Mar 2023
A mining company that wants to extract a collection of rare elements from beneath southeast Nebraska raised funds Wednesday toward its goal of finding the $1.1 billion it needs to build the mine that has been in the works for decades.
Shareholders of a special purpose acquisition company called GX Acquisition Corp. II overwhelmingly approved merging with NioCorp, a Centennial, Colorado-based mining company, according to a regulatory filing. About $15 million from the deal will go to NioCorp, the company said.