Nebraska
NioCorp to start work on its minerals mine in southeast Nebraska
NioCorp announced Monday that it plans to start work on its critical minerals mine in southeast Nebraska.
The project, which the company is calling its mine portal project, will involve building a main entrance to the Elk Creek underground mine and will serve as the primary access point for personnel, equipment, and materials for the underground mining operations. It also will include excavating bedrock, drilling and blasting to establish the twin mine ramps, on-site access road construction, and construction of on-site supporting infrastructure.
The project, which will cost nearly $45 million, is set to get underway before the end of the month. It marks the first time Colorado-based NioCorp will actually start any significant work on the main mine, from which the company hopes to extract niobium, scandium, titanium and other minerals.
“Given the size of this excavation work, the portal project really marks the beginning of a major pre-construction activity at the Elk Creek Project site and is an important step toward preparing for underground development,” Scott Honan, the company’s president and chief operating officer, said in a release.
Mark A. Smith, Niocorp’s chairman and CEO, called the project, “a significant milestone.”
Niocorp has spent more than 15 years trying to develop the mine on land in Johnson County, about 65 miles southeast of Lincoln.
The company still needs to raise a significant amount of money to make the $1.2 billion mine a reality, though. In December, NioCorp said it had raised about $360 million, or a little more than a quarter of the total cost. It is still waiting for approval of a $780 million debt financing application from the Export-Import Bank of the United States.
The Nebraska baseball team has earned the No. 2 seed in next week’s Big Ten Baseball Tournament. The event is scheduled for May 19-24 at Charles Schwab Field in Omaha.
Nebraska has a record of 41-14 overall and 23-7 in the conference. The UCLA Bruins earned the top seed with an impressive 48-6 record and a 28-2 mark in the Big Ten, with losses to Oregon and Washington.
The Huskers are set to play in the quarterfinal round on Friday at 5 p.m. CT. The opponent will be decided on Thursday afternoon. The Big Ten Championship Game will be played on Sunday, May 24, at 2 p.m. CT.
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LINCOLN, Neb. (KOLN) – A significant severe weather threat continues to unfold across Nebraska, with the Storm Prediction Center placing Lincoln in the path of potentially scattered to numerous severe storms through early next week.
WATCH LIKELY BY 4 PM
Severe thunderstorms are expected to develop out in western Nebraska this afternoon and evening. Winds up to 80 mph and hail up to tennis ball size are the main concerns though isolated tornadoes are possible as well.
Saturday Evening: Two Rounds of Storms
The first round of storms is possible late this afternoon, more likely this evening from the south. All severe weather hazards are on the table, including widely scattered strong tornadoes, damaging winds gusting up to if not above 75 mph and hail the size of limes to hen eggs or larger.
A second round of storms will move in late tonight from the west and continue into the overnight hours. While strong winds remain the primary concern, tornadoes and large hail are still possible.
Sunday: Tornado Risk Increases
A Weather Alert Day continues Sunday as the tornado threat escalates. The potential for strong tornadoes is rated high to very high across parts of central and northern Nebraska, especially in the northeastern portion of the state.
Wind gusts up to 75 mph and lime to hen egg sized hail remain possible. Storms are expected to develop late afternoon, with the greatest threat throughout the evening and into the overnight hours.
Monday: Greatest Overall Risk
Monday presents the greatest overall risk once again. A Weather Alert Day is in effect as widely scattered strong to intense tornadoes are possible, along with wind gusts up to 75 mph and hail ranging from baseball to softball sized. The primary timing window is late afternoon through the evening hours.
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