ELK CREEK PROJECT
Macro Growth Drivers for NioCorp’s Planned Products
Several global macro trends are expected to helping drive increased demand for NioCorp’s planned commercial products. Many of these global macro trends are being driven by consumer demand for better, stronger, smarter, and lighter-weight products that can help reduce harmful air emissions and keep our environmental cleaner.
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One global macro trend is highly likely to accelerate in the aftermath of COVID-19: increased investment in domestic materials supply chains as a means of reducing the reliance of Western nations on supply chains in developing nations. Asia’s dominance in many strategic supply chains has become painfully obvious since the COVID-19 pandemic erupted.
The more we mine and manufacture our own critical minerals and materials, the more secure our collective economic and national security will be. But there is another compelling driver behind the resurgence of interest in critical minerals mining and manufacturing: high-tech jobs and economic growth for states and localities.
Environmental, social, and governance (ESG) factors play a major role in any business, particularly those involved in natural resource development. Doing right by the environment while we serve the needs of our customers, and serving our society’s need for critical minerals, are central to the mission of the NioCorp team.
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