ELK CREEK PROJECT

Home » Elk Creek Project » Macro Growth Trends

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.

 

For example: 

Demand for Lighter Weight Vehicles

Demand continues to grow for lighter weight and more fuel efficient cars, trucks, and buses. All three of NioCorp’s planned products help to achieve these goals. For example, about $9 worth of Niobium added to a mid-sized car reduces weight by 100kg, increasing fuel efficiency by 5%.

Demand for Lighter Weight Jetliners

Manufacturers are increasing looking to shed weight on commercial jetliners in order to increase fuel economy, cut costs, and reduce air emission.  NioCorp’s planned superalloy materials help do just that.  For example, $1-1.5 million of scandium trioxide used in a B737NG that flies 3000-4000 hours per year, with long-term jet fuel prices of $2-3/gallon, can deliver >$9 million of present value in fuel savings.

Lighter, Stronger Steel for Mega Projects

High Strength, Low Alloy (HSLA) steel made with Niobium allows for lighter, stronger and longer lasting bridges, building and infrastructure “mega” projects.  For example, the use of only 0.025% Niobium in the steel of the Millau Viaduct bridge reduced the weight of steel and concrete by 60% in the overall project.

Global Adoption of Tighter Air Emissions Standards

All around the world governments are adopting increasingly more stringent air emissions standards, including those for greenhouse gases. Niobium, Scandium, and Titanium are all used in applications as a means of reducing weight, which helps to increase fuel economy and decrease harmful air emissions. 

Growth in Clean Energy Technologies

NioCorp’s planned superalloy materials are also vital to renewable and other clean energy systems.  For example, Scandium is critical to the operation of Solid Oxide Fuel Cells, a high-efficiency, low-emissions technology for environmentally beneficial distributed electricity systems.

Bloomberg Story:  "First-Ever U.S. Mining of Rare Metals Could Come From Nebraska"

Read this article from Bloomberg's BNS News Service, written by environment and energy reporter Stephen Lee, about NioCorp's proposed Elk Creek Superalloy Materials Project and its potential to initiate production in the U.S. of niobium and scandium.

See NioCorp's Latest Corporate Presentation

 

See this latest corporate presentation from NioCorp about the company and its unique Elk Creek Superalloy Materials Project.  Included in this presentation are links to interesting and informative videos about the Elk Creek Project.

Recent Videos

NioCorp CEO and Executive Chair Mark Smith explains the significance of NioCorp's recent Scandium sales contract with Traxys.

Scandium Sale to Traxys

NioCorp CEO and Executive Chair Mark Smith explains the significance of NioCorp's recent Scandium sales contract with Traxys.

Elk Creek Virtual Tour

See a video that explains the power of superalloys and how NioCorp intends to produce three superalloy metals its its Elk Creek Project.

Critical Minerals

NioCorp's planned products have all been designated as "Critical Minerals" by the U.S. Government.  Mark Smith explains the significance.

Connect with us socially!