NioCorp is pleased to announce that it has completed the purchase of the manufacturing assets and IP of Massachusetts-based FEA Materials LLC, which is expected to enable NioCorp to produce aluminum-scandium master alloy in the U.S. as market demand grows.
NioCorp’s subsidiary Elk Creek Resources Corp. has been awarded up to $10 million from the Pentagon to support the establishment of a domestic scandium mine-to-manufacture supply chain via the Elk Creek Critical Minerals Project in southeast Nebraska.
CNBC interviewed NioCorp CEO and Executive Chairman Mark Smith on the crisis regarding rare earth supply facing U.S. automakers and Pentagon defense contractors as part of its “China Connection” program, hosted by Emily Tan.
Executive Order from President Trump unlocks new investments into U.S. critical minerals projects, NioCorp says.
NioCorp will hold two separate town hall Meetings on Thursday, November 17, 2022 to discuss progress being made on the Elk Creek Critical Minerals Project.
The Nebraska Department of Environment and Energy has advised NioCorp that extensions of the Elk Creek Project’s construction air permit are no longer required because the Company has met the regulatory definition of “construction, reconstruction, or modification of the source” since the permit was issued.