NioCorp Announces Final Assay Results from 2025 Drilling Campaign at Elk Creek Project
NioCorp Developments announced the final assay results from its completed 2025 drilling campaign at the Elk Creek Critical Minerals Project in southeast Nebraska. The assay results reported are consistent with the Company's expectations and reinforce confidence in the continuity and grade of mineralization within the targeted areas of the Elk Creek deposit. The drilling program focused on areas of the deposit where additional data density was required to support higher confidence classifications under applicable reporting standards. The results are being used to update the Elk Creek Project's Mineral Resource and Mineral Reserve. "I am very pleased to see the completion of the assay analyses of the more than 7,000 drill core samples that our Department of War-funded infill drilling campaign produced," said NioCorp CEO and Chairman Mark A. Smith. "The results we are seeing are very encouraging. The team is now working diligently to incorporate these results into an updated mineral resource and reserve and mine plan, which is a key component of the updated Feasibility Study that will help the Export-Import Bank of the U.S. complete its diligence of our pending debt financing application."
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U.S. Launches Strategic Minerals Reserve Initiative
- Strategic Minerals Reserve: The White House has launched Project Vault, a $12 billion initiative backed by a $10 billion EXIM loan aimed at establishing the first U.S. Strategic Critical Minerals Reserve in response to China's export restrictions on antimony, tungsten, and silver.
- New Silver Discoveries: Americore Resources has uncovered five historic drill holes at its Trinity Silver Project in Nevada, with Hole SC-4 returning a silver grade of 145.98 g/t, indicating that the existing 36 million-ounce silver resource estimate may be significantly understated, which could enhance the company's resource valuation.
- Drone Magnetometer Survey: Americore has completed a drone magnetometer survey covering approximately 350 line-kilometers, which will aid in understanding both the historic resource and the alteration halo surrounding the pit, providing critical data for future resource assessments.
- Historic Stockpile Evaluation: Americore is evaluating options to monetize approximately 400,000 ounces of silver in oxide material and 365,000 ounces in sulfide material from historic stockpiles, which could strengthen the company's financial position and further drive project development.
NIOCORP DEVELOPMENTS RISES BY 10.2%
- Economic Growth: The NIO Corp reported a development in its economic performance, indicating a growth rate of 10.2%.
- Market Impact: This growth may influence investor confidence and market dynamics surrounding NIO Corp's future prospects.
U.S. Antimony Rises 12.7%, Ramaco Resources Increases by 5%
U.S. Antimony Production: The United States has reported a 12.7% increase in antimony production.
Ramaco Resources Performance: Ramaco Resources has experienced a 5% increase in its performance metrics.
Metals and Mining Stocks Underperform on Thursday
- Market Decline: On Thursday, metals and mining stocks collectively fell by approximately 4.3%, indicating a weakening market confidence that could adversely affect long-term investor expectations.
- NioCorp Downturn: NioCorp Developments saw its stock price drop by about 15.3%, highlighting increasing challenges for the company that may lead to capital outflows and a decline in market share.
- Critical Metals Struggles: Critical Metals experienced a stock price decrease of around 14.5%, suggesting that the company may face greater operational pressures in the current market environment, impacting its future profitability.
- Uncertain Industry Outlook: The overall weakness in the metals and mining sector may prompt investors to reassess their portfolios, potentially affecting financing and development plans for related companies.
U.S.-TRADING LITHIUM AMERICAS FALLS 7.3%, NIOCORP DEVELOPMENTS DROPS 13.5%, SIGMA LITHIUM DECLINES 7.6%
Lithium Market Decline: The U.S. lithium market has experienced a significant downturn, with a decrease of 7.3% reported.
Niocorp Developments: Niocorp's developments have seen a substantial drop of 13.5%, indicating challenges in their operations or market conditions.
Sigma Lithium Performance: Sigma Lithium has also faced a decline, with a reported decrease of 7.6%, reflecting broader trends in the lithium sector.
Overall Industry Impact: The combined declines in these companies suggest a challenging environment for the lithium industry, potentially affecting supply and pricing.
U.S. Antimony Falls 16.8%, Ramaco Resources Declines 13.8%
U.S. Antimony Decline: The United States experienced a significant decline in antimony production, dropping by 16.8%.
Rama Core Resources Decline: Similarly, Rama Core Resources reported a decrease in production, with a decline of 13.8%.
U.S. Launches Strategic Minerals Reserve Initiative
- Strategic Minerals Reserve: The White House has launched Project Vault, a $12 billion initiative backed by a $10 billion EXIM loan aimed at establishing the first U.S. Strategic Critical Minerals Reserve in response to China's export restrictions on antimony, tungsten, and silver.
- New Silver Discoveries: Americore Resources has uncovered five historic drill holes at its Trinity Silver Project in Nevada, with Hole SC-4 returning a silver grade of 145.98 g/t, indicating that the existing 36 million-ounce silver resource estimate may be significantly understated, which could enhance the company's resource valuation.
- Drone Magnetometer Survey: Americore has completed a drone magnetometer survey covering approximately 350 line-kilometers, which will aid in understanding both the historic resource and the alteration halo surrounding the pit, providing critical data for future resource assessments.
- Historic Stockpile Evaluation: Americore is evaluating options to monetize approximately 400,000 ounces of silver in oxide material and 365,000 ounces in sulfide material from historic stockpiles, which could strengthen the company's financial position and further drive project development.
NIOCORP DEVELOPMENTS RISES BY 10.2%
- Economic Growth: The NIO Corp reported a development in its economic performance, indicating a growth rate of 10.2%.
- Market Impact: This growth may influence investor confidence and market dynamics surrounding NIO Corp's future prospects.
U.S. Antimony Rises 12.7%, Ramaco Resources Increases by 5%
U.S. Antimony Production: The United States has reported a 12.7% increase in antimony production.
Ramaco Resources Performance: Ramaco Resources has experienced a 5% increase in its performance metrics.
Metals and Mining Stocks Underperform on Thursday
- Market Decline: On Thursday, metals and mining stocks collectively fell by approximately 4.3%, indicating a weakening market confidence that could adversely affect long-term investor expectations.
- NioCorp Downturn: NioCorp Developments saw its stock price drop by about 15.3%, highlighting increasing challenges for the company that may lead to capital outflows and a decline in market share.
- Critical Metals Struggles: Critical Metals experienced a stock price decrease of around 14.5%, suggesting that the company may face greater operational pressures in the current market environment, impacting its future profitability.
- Uncertain Industry Outlook: The overall weakness in the metals and mining sector may prompt investors to reassess their portfolios, potentially affecting financing and development plans for related companies.
U.S.-TRADING LITHIUM AMERICAS FALLS 7.3%, NIOCORP DEVELOPMENTS DROPS 13.5%, SIGMA LITHIUM DECLINES 7.6%
Lithium Market Decline: The U.S. lithium market has experienced a significant downturn, with a decrease of 7.3% reported.
Niocorp Developments: Niocorp's developments have seen a substantial drop of 13.5%, indicating challenges in their operations or market conditions.
Sigma Lithium Performance: Sigma Lithium has also faced a decline, with a reported decrease of 7.6%, reflecting broader trends in the lithium sector.
Overall Industry Impact: The combined declines in these companies suggest a challenging environment for the lithium industry, potentially affecting supply and pricing.
U.S. Antimony Falls 16.8%, Ramaco Resources Declines 13.8%
U.S. Antimony Decline: The United States experienced a significant decline in antimony production, dropping by 16.8%.
Rama Core Resources Decline: Similarly, Rama Core Resources reported a decrease in production, with a decline of 13.8%.
