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NioCorp Developments ( (NB) ) just unveiled an announcement.
NioCorp Developments Ltd. announced that three minerals from its Elk Creek Project—niobium, dysprosium, and terbium—have been elevated to higher urgency status on the U.S. Government’s Critical Minerals List. This designation underscores the strategic importance of the Elk Creek Project, as these minerals are vital to U.S. national and economic security. The project aims to address the U.S.’s dependency on foreign niobium, particularly from Brazil, by initiating domestic production, which is crucial given niobium’s significant impact on the U.S. GDP if imports were disrupted.
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 the Elk Creek Project, which is anticipated to produce niobium, scandium, and titanium. The company is also exploring the potential to produce several rare earth elements from this project. Niobium is utilized in creating specialty alloys and High Strength, Low Alloy steel, which is used in automotive, structural, and pipeline applications.
Average Trading Volume: 3,144,767
Technical Sentiment Signal: Buy
Current Market Cap: $334.2M
See more data about NB stock on TipRanks’ Stock Analysis page.