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.
NioCorp completes metallurgical test program and begins making titanium samples for prospective customers.
NioCorp (NASDAQ:NB) (TSX:NB) and its development partner, Nanoscale Powders, are pleased to announce the successful pilot-scale production of a 1 kilogram ingot of Aluminum-Scandium alloy at a facility owned and operated by Creative Engineers in New Freedom, Pennsylvania.
NioCorp Developments Ltd. (NASDAQ:NB) (TSX:NB) plans to make aluminum-scandium master alloy product from mining and upgrade facilities to be located in the U.S., which could enable commercial and defense manufacturers to replace select existing aluminum parts in vehicles.
A phased program to establish U.S. commercial production of aluminum-scandium master alloy took another step forward recently as NioCorp Developments Ltd. (NASDAQ:NB) (TSX:NB) and its development partner Nanoscale Powders LLC successfully produced scandium metal at pilot-scale at a facility owned and operated by Creative Engineers in Pennsylvania.