China retaliated today against the U.S. and allied nations by restricting the export of highly strategic Chinese-made rare earths, critical minerals that are needed in virtually all U.S. defense systems and across the electronics, manufacturing, high-technology, transportation, and energy sectors.
Executive Order from President Trump unlocks new investments into U.S. critical minerals projects, NioCorp says.
U.S. President Trump told the U.S. Congress and the American people last night that he intends to take “historic action to massively expand the production of critical minerals and rare earth elements right here in America.”
NioCorp announces that all remaining obligations under the original $8,000,000 aggregate principal amount of unsecured notes of NioCorp issued on April 12, 2024 have been satisfied.
The People’s Republic of China is ratcheting up efforts to deny the U.S. and its allies access to critical minerals that are essential to national defense and many commercial technologies, according to Mark Smith, Executive Chairman and CEO of NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB).
The U.S. Export-Import Bank is advancing NioCorp’s application for prospective EXIM project financing of its Elk Creek Critical Minerals Project to an independent Technical Review, part of EXIM’s second level of project due diligence.