NioCorp (NASDAQ:NB) has completed successful testing of its proposed hydrometallurgical process for producing critical minerals at the proposed Elk Creek Critical Minerals Project for use in recycling post-consumer permanent rare earth magnets.
NioCorp (NASDAQ:NB) is pleased to announce that an industry consortium in which it is working with automakers, manufacturers, and supply chain leaders has been awarded funding by the UK Government to support an US$8 million program to design lightweight aluminum alloys and cast automotive components made of recycled aluminum strengthened by scandium.
NioCorp will speak at the 20th Annual Rare Earth Conference in Washington, D.C. on its plans to potentially produce commercial grade magnetic rare earth oxides at its proposed Elk Creek Project, including the heavy rare earth oxides of dysprosium and terbium.
NioCorp will provide an update to markets and government leaders at the 3rd Annual Scandium Symposium in Washington, D.C. on October 14, 2024 on the Company’s efforts to advance technology innovation that relies on scandium to lightweight vehicles, cut automotive manufacturing costs, and reduce CO2 emissions.
NioCorp CEO and Executive Chairman Mark A. Smith has agreed to establish a new $2 million non-revolving credit facility with NioCorp to assist the Company in continuing its work to secure project financing for the Company’s critical minerals project in Southeast Nebraska and for general corporate purposes.
NioCorp Developments Ltd. (NASDAQ:NB) today provided its preliminary financial results for the fiscal year ended June 30, 2024.