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NioCorp Developments ( (NB) ) has shared an update.
NioCorp Developments Ltd. has engaged multiple engineering and consulting firms to update the Feasibility Study for its Elk Creek Critical Minerals Project. This initiative aims to refine the project’s engineering and costing, with Dahrouge Geological Consulting Ltd. leading the study. The update is part of NioCorp’s broader strategy to convert a portion of its indicated resources into measured resources and its probable mineral reserves into proven reserves, potentially enhancing the company’s operational capabilities and market position in the critical minerals sector.
More about NioCorp Developments
NioCorp Developments Ltd. is focused on developing a critical minerals project in Southeast Nebraska, aiming to produce niobium, scandium, and titanium. The company is also exploring the potential to produce rare earth elements. Niobium is essential for creating specialty alloys and high-strength, low-alloy steel, while scandium enhances aluminum alloys and is used in advanced fuel cells. Titanium is utilized in lightweight alloys and pigments, with applications in aerospace and medical fields. The rare earth elements are crucial for manufacturing powerful magnets used in various defense and civilian technologies.
YTD Price Performance: 78.95%
Average Trading Volume: 945,705
Technical Sentiment Signal: Sell
Current Market Cap: $146.5M
For detailed information about NB stock, go to TipRanks’ Stock Analysis page.