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NioCorp Developments Ltd. is a U.S.-based mineral development company focused on developing several critical minerals from the proposed Elk Creek, Nebraska Critical Minerals Mine. NioCorp plans to produce three commercial mineral products — Niobium, Scandium, and Titanium — from a single ore body that also is enriched in all of the rare earth elements. Together, these critical minerals represent some of the most vital ingredients to the success of a wide variety of greenhouse gas-reducing technologies, including electric and hybrid vehicles, renewable energy systems, lightweight transportation systems, and high-efficiency motors and appliances.
NioCorp’s Elk Creek Project is highly unique. It is North America’s only niobium / scandium / titanium project. It is the highest grade niobium project in North America. It is one of the largest prospective producers of scandium in the world. Once in production, it will initiate the first production in the U.S. in decades of Niobium and Scandium. All three of the Project’s proposed superalloy metals have been designed as “Critical Minerals” by the U.S. Government, as have the Rare earth elements.
NioCorp’s Elk Creek 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 is a publicly traded company that is listed on both the Toronto Stock Exchange under the ticker symbol “NB” and on the U.S.-based OTCQX exchange under the symbol “NIOBF.” Shares are also traded on the Frankfurt Exchange, under the ticker symbol “BR3.” To learn more about investing in NioCorp, please visit our Investor Center.
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Superalloy Blog Posts
As the U.S. looks to repair crumbling infrastructure systems, I expect to see more high-performance steels (HPS) used in structures like bridges because of the many powerful benefits they deliver. HPS steels containing a small amount of ferroniobium – which NioCorp plans to produce in southeast Nebraska at our Elk Creek Superalloy Materials Project once we are funded and in operation – are among the strongest and most durable steels on the market today.
If a $2 trillion U.S. infrastructure package is enacted, it could create a major, long-term demand boom for the critical minerals needed by infrastructure and advanced transportation systems, according to NioCorp’s CEO Mark Smith.
One global macro trend is highly likely to accelerate in the aftermath of COVID-19: increased investment in domestic materials supply chains as a means of reducing the reliance of Western nations on supply chains in developing nations. Asia’s dominance in many strategic supply chains has become painfully obvious since the COVID-19 pandemic erupted.
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