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.

Read the complete article from News Channel Nebraska here. 


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