NioCorp is praising U.S. Senator Deb Fischer (R-NE) and U.S. Rep. Don Bacon (R-NE) for securing legislation in both the House and Senate versions of the FY2024 National Defense Authorization Act regarding the strategic importance of scandium, as well as securing $10 million in federal funding to support commercial production of aluminum-scandium master alloy production in the U.S.
NioCorp is praising the U.S. House Armed Services Committee for highlighting the importance of aluminum-scandium master alloy to the United States and to many defense applications. NioCorp recently launched a phased commercialization effort for this master alloy.
Stellantis N.V. and NioCorp (Nasdaq:NB) (TSX:NB) today announced the signing of a Rare Earth Offtake Term Sheet. The objective is to enter into a definitive rare earth supply agreement to support Stellantis’ commitment to build resilient supply chains and reach carbon net zero by 2038 and to help accelerate NioCorp’s path to commercial production of magnetic rare earth oxides in the U.S.
NioCorp has submitted an application to the Export-Import Bank of the United States for debt financing to fund the project costs for the Company’s proposed Elk Creek Critical Minerals Project, located in southeast Nebraska, under EXIM’s “Make More in America“ initiative.
NioCorp (NASDAQ:NB) (TSX:NB) today announced the successful completion of a geotechnical drilling campaign at the Elk Creek Critical Minerals Project in southeast Nebraska, which was done in advance of the proposed site preparation, grading, heavy construction, and eventual foundation pours for the Elk Creek Project that are expected to commence once sufficient financing is obtained.
