NioCorp, the company hoping to dig a Niobium mine in southeast Nebraska held its annual stockholders meeting outside Denver on Thursday, but could reveal nothing about the status of the project.
Management recently invoked a temporary news blackout, leaving investors without the type of status report provided in previous years.
The brief news release on the company’s website only noted the company had re-elected its board of directors.
For over a decade, Colorado-based NioCorp advanced proposals to extract the minerals Niobium, titanium, and scandium found below the farmland near Elk Creek, Nebraska. Manufacturers use the elements to create strong metal alloys.
Attracting billion-dollar investors to bankroll the massive project proved to be a painstaking process.