SOUTHEAST NEBRASKA MINE COULD BE NATION'S SECOND LARGEST RARE EARTH DEPOSIT, ACCORDING TO A GEOLOGICAL STUDY

ELK CREEK- The nation's second-largest deposit of rare-earth magnet material is sitting under the ground in southeast Nebraska.

At least that's what Colorado-based NioCorp estimated from a study they conducted.

The company references a 2022 feasibility study, with further research ongoing. It was already planning on pulling niobium, scandium, and titanium out of the ground south of Tecumseh.

"With the addition of the magnetic rare earths, the Elk Creek Project will stand out from virtually every other greenfield project in the U.S. in terms of its potential ability to produce multiple critical minerals that are essential to electrified transportation, renewable energy production, green mega-infrastructure projects, and many other applications that are in increasing demand around the world," Mark Smith, NioCorp chief executive, said in a statement.

NioCorp took the big step of buying the land in 2021, but it still needs to raise the money to start the mining project. The estimated lifespan of the mine, according to geological surveys, is 38 years.

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