NioCorp Inks Deal with Rockies Express to Build Natural Gas Pipeline
NioCorp Developments Ltd. has signed an agreement with Rockies Express Pipeline LLC to construct and operate a 27.8-mile natural gas pipeline that will supply the NioCorp’s planned Elk Creek Superalloy Facility (Elk Creek Facility).
Under the agreement, following the receipt of financing for the project, Rockies Express has agreed to design, construct, and operate a natural gas lateral line that will extend from the Rockies Express main line in Marshall County, Kansas to the Elk Creek Facility and will deliver at least 27,500 MMBTU of natural gas per day once the Elk Creek Facility is fully operational. The value of the contract, to be paid over a period of 11 years, is approximately $63 million. NioCorp expects to contract separately for the purchase of the natural gas to be transported by Rockies Express.
Rockies Express is responsible for obtaining all applicable approvals, including necessary government permits required prior to construction and operation of the underground pipeline.
“Arranging for long-term delivery of natural gas to the Elk Creek facility is an important milestone to have reached, and we are pleased to be working with the Rockies Express team on this important aspect of our project,” said Mark A. Smith, Executive Chair and CEO of NioCorp.
The Rockies Express Pipeline is one of the United States’ largest pipelines and is the nation’s northernmost bi-directional natural gas header system. The system consists of 1,712-miles of 36-inch and 42-inch diameter natural gas transmission pipeline that extends from the Rocky Mountains to Clarington, Ohio.
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