NioCorp Developments Ltd. is a U.S.-based mineral development company focused on developing several superalloy metals from the proposed Elk Creek, Nebraska Critical Minerals Mine. This Project is one of the few pure-play critical minerals projects in the U.S. that has completed a positive definitive feasibility study, has already secured key U.S. federal permits, and enjoys strong state and local support.
- NioCorp Developments Ltd. is developing The Elk Creek Project, a very large underground deposit in southeast Nebraska that is rich in Niobium, Scandium and Titanium – superalloy metals that have all been designated as “critical minerals ” by the U.S. Government.
- Niobium is relatively scarce – there are only 3 primary Niobium mines in the world today – but growing demand has created a global market value of >$2 billion.1
- Niobium is considered so critical by the U.S. that it is one of a small handful of metals that the National Defense Stockpile purchases.2
- Increases in U.S. defense spending, infrastructure re-building, and transportation light-weighting efforts, all of which use Niobium, Scandium, and Titanium, are expected to increase demand for NioCorp’s products.
- NioCorp plans to produce the following commercial products from Elk Creek:
- Ferroniobium (FeNb): Used in mega-steel infrastructure projects, oil and gas pipelines, vehicles, commercial aviation, aerospace, and defense systems.
- Scandium Trioxide (Sc2O3): Added to high-performance aluminum alloys used in the transportation, defense, commercial aviation and other industries.
- Titanium Dioxide (TiO2): Used in commercial and defense markets, including pigments, thin films, cosmetics, aircraft, armor, ships and other equipment.
1 Source: Roskill 2017 report.
2 Source: DoD Strategic and Critical Materials reports.
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