NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. All of these have been designated by the US Government as “critical minerals” to the US. The Company also is evaluating the potential to produce several magnetic rare earths from the Elk Creek Project, which have also been given the “critical mineral” designation.
Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron magnets, which are used across a wide variety of defense and civilian applications.
NioCorp’s Elk Creek Project is one of the few pure-play critical minerals projects in the U.S. that has completed a 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 Nasdaq Stock Market, under the ticker symbol “NB,” and on the Toronto Stock Exchange, also under the ticker symbol “NB.” To learn more about investing in NioCorp, please visit our Investor Center.
Learn more about NioCorp and the Elk Creek Critical Minerals Project in this presentation.