The present paper provides a review of two research topics that are central to geospatial semantics: information modeling and elicitation. The first topic deals with the development of ontologies at different levels of generality and formality, tailored to various needs and uses. The second topic involves a set of processes that aim to draw out latent knowledge from unstructured or semi-structured content: semantic-based extraction, enrichment, search, and analysis. These processes focus on eliciting a structured representation of information in various forms such as: semantic metadata, links to ontology concepts, a collection of topics, etc. The paper reviews the progress made over the last five years in these two very active areas of research. It discusses the problems and the challenges faced, highlights the types of semantic information formalized and extracted, as well as the methodologies and tools used, and identifies directions for future research.