NioCorp Plans to Produce Made-in-USA Scandium Master Alloy to Supply Lightweight Parts to Vehicles
NioCorp Developments Ltd. (NASDAQ:NB) (TSX:NB) plans to make aluminum-scandium master alloy product from mining and upgrade facilities to be located in the U.S., which could enable commercial and defense manufacturers to replace select existing aluminum parts in vehicles.
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.
As More States Follow California in Banning Sales of New Internal Combustion Engine Vehicles, Critical Minerals Demand Will Increase, NioCorp Says
More states are likely to follow California’s lead in banning the future sale of internal combustion engine vehicles as a means of accelerating demand for electric vehicles and addressing climate change, according to NioCorp CEO and Executive Chairman Mark Smith, and that will drive higher demand for EV-critical minerals.