A scoping study completed by Optimize Group Inc. suggests that NioCorp Developments Ltd. could significantly cut CAPEX and OPEX costs, reach full commercial production sooner, and operate with a lower carbon footprint by electrifying its proposed Elk Creek Critical Minerals Mine via a Railveyor™ system
NioCorp plans to investigate the feasibility of rare earth permanent magnet recycling.
Mark Smith says China’s critical minerals leverage over the U.S. is at dangerous levels and gives China the ability to quickly hobble U.S. manufacturing for many military and clean energy technologies.
NioCorp (NASDAQ:NB) (TSX:NB) has joined with major automotive manufacturers, mining companies, and electric vehicle battery companies to urge the Biden Administration to allow a 10% tax credit to apply to both mineral extraction and mineral processing in the U.S.
NioCorp has entered into an agreement with London-based Brunel University London, a leading research university focused on application of cast aluminum alloys globally, to develop innovative aluminum-scandium alloys and applications for use in the automotive sector.