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NioCorp Developments ( (NB) ) has provided an update.
NioCorp Developments Ltd. announced that its Chairman and CEO, Mark A. Smith, will appear on Bloomberg TV to discuss the Elk Creek Critical Minerals Project. The project, supported by a $10 million award from the U.S. Department of Defense, aims to establish a domestic supply chain for scandium, potentially positioning the U.S. as a leading producer. This initiative could significantly impact national security by reducing reliance on imported scandium and enhancing the U.S.’s negotiating power in international trade.
The most recent analyst rating on (NB) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
More about NioCorp Developments
NioCorp Developments Ltd. is engaged in developing a critical minerals project in Southeast Nebraska, known as the Elk Creek Project. This project is expected to produce niobium, scandium, and titanium, with potential for rare earth elements. Niobium is used in specialty alloys and high-strength steel, scandium in aluminum alloys and fuel cells, and titanium in lightweight alloys and pigments. The company is also exploring the production of rare earths crucial for magnets used in defense and civilian applications.
Average Trading Volume: 3,079,335
Technical Sentiment Signal: Buy
Current Market Cap: $332.7M
For detailed information about NB stock, go to TipRanks’ Stock Analysis page.