# NioCorp to combine with GX Acquisition Corp. II to access capital for Elk Creek project

NioCorp Developments Ltd. signed a definitive agreement to acquire GX Acquisition Corp. II, a SPAC, in a business combination that could provide up to $285 million in net cash to advance the Elk Creek Critical Minerals Project in Nebraska.

- Type: Acquisition
- Announced: 2022-09-26
- Where: Elk Creek, Nebraska, United States
- Value: $285.0M
- Status: announced
- Products: critical minerals
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [NioCorp Developments](https://endata.com/companies/16065.md) (acquirer)
- [GX Acquisition Corp. II](https://endata.com/companies/65542.md) (target)

## Sources

- [niocorp.com](https://www.niocorp.com/niocorp-to-combine-with-nasdaq-listed-gxii-to-access-additional-capital-for-the-elk-creek-critical-minerals-project/), 2022-09-26: "NioCorp to Combine with Nasdaq-Listed GXII to Access Additional Capital for the Elk Creek Critical Minerals Project"
- [niocorp.com](https://www.niocorp.com/proposed-niocorp-gx-business-combination-takes-another-step-forward-with-the-filing-of-an-s-4-registration-statement-with-the-sec/), 2022-11-08: "The proposed Transaction values the combined entity at an estimated enterprise value of $313.5 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.