tiprankstipranks
Trending News
More News >

NioCorp’s Elk Creek Project Offers Solution Amid U.S. Rare Earth Crisis

Story Highlights
NioCorp’s Elk Creek Project Offers Solution Amid U.S. Rare Earth Crisis

Confident Investing Starts Here:

NioCorp Developments ( (NB) ) just unveiled an announcement.

NioCorp Developments Ltd. has announced that its Elk Creek Project in Nebraska could quickly become a domestic source of heavy rare earth products, amid a crisis in the U.S. automotive and manufacturing sectors due to China’s restrictions on rare earth exports. The company is fully permitted to start construction and aims to reduce U.S. dependence on Chinese rare earths, which are critical for various industries, including defense. This development could have significant implications for U.S. manufacturing and national defense by providing a domestic supply of strategic materials.

The most recent analyst rating on (NB) stock is a Buy with a $4.25 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, and is evaluating the potential to produce several rare earths. Niobium is used in specialty alloys and high-strength, low-alloy steel for automotive and structural applications. Scandium enhances aluminum alloys and is crucial for advanced fuel cells. Titanium is used in lightweight alloys, pigments, aerospace, and medical applications.

Average Trading Volume: 1,025,400

Technical Sentiment Signal: Sell

Current Market Cap: $139.3M

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

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App