Small Cap Signs Contract For Elk Creek Project

A small-cap exploration company just announced that it signed a contract with Cementation USA, Inc. NioCorp Developments Ltd. (TSX:NB) has inked a deal to continue advancing detailed engineering work associated with the Elk Creek Superalloy Materials Project.

NioCorp is an exploration-stage company, which is engaged in the exploration and development of mineral deposits. It primarily explores for niobium, scandium, and titanium products. The firm operates through a segment consisting of exploration and development of mineral deposits in North America, specifically, the Elk Creek property located in Southeastern Nebraska. The company generally holds an interest in a mineral exploration property in Canada.

Traders were excited on the news as they snatched up shares to an early session high of $0.90/share (+3.45%) following the news. This move is a strong continuation of the success the stock has had over the last month, coming from a January low of $0.70/share