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NioCorp’s Elk Creek Project: A Potential Scandium Powerhouse with U.S. Defense Backing

Story Highlights
  • NioCorp aims to make the U.S. a leading scandium producer with its Elk Creek Project.
  • The U.S. Defense Department supports NioCorp with a $10 million agreement for scandium supply chain development.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
NioCorp’s Elk Creek Project: A Potential Scandium Powerhouse with U.S. Defense Backing

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An update from NioCorp Developments ( (NB) ) is now available.

NioCorp’s CEO, Mark Smith, highlighted the potential of the Elk Creek Project to position America as a leading producer of scandium, likening it to the ‘Saudi Arabia of Scandium.’ The project has gained significant support from the U.S. Department of Defense, which announced a $10 million agreement to establish a domestic scandium supply chain. This initiative aligns with U.S. policies to secure critical minerals and counteract China’s market dominance, potentially enhancing NioCorp’s industry positioning and stakeholder value.

The most recent analyst rating on (NB) stock is a Buy with a $4.00 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 focused on developing a critical minerals project in Southeast Nebraska, known as the Elk Creek Project. The company aims to produce niobium, scandium, and titanium, with potential for rare earth elements. These minerals are essential for various applications, including aerospace, defense, and advanced manufacturing.

Average Trading Volume: 1,775,144

Technical Sentiment Signal: Hold

Current Market Cap: $279M

See more data about NB stock on TipRanks’ Stock Analysis page.

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