Stellantis and NioCorp Sign Rare Earth Offtake Term Sheet in Support of Stellantis’ Commitment to Reaching Carbon Net Zero by 2038
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 Teams With Industry Alliance to Urge Congressional Approval of Tax Incentives for Permanent Rare Earth Magnets Made in the U.S.
NioCorp joined with a group of rare earth industry players to urge the U.S. Congress to approve bipartisan legislation in order to provide tax incentives for U.S. manufacturing of permanent rare earth magnets.