Policy Tailwinds and Strategic De-Risking Drive Buy Rating on NioCorp’s Elk Creek Project

William Blair analyst Neal Dingmann has maintained their bullish stance on NB stock, giving a Buy rating on February 5.

Neal Dingmann has given his Buy rating due to a combination of factors that center on the strategic progress and policy tailwinds surrounding NioCorp’s Elk Creek Project. He points to the company’s nearing completion of key technical submissions for EXIM Bank and the potential 30- to 60-day window for financing movement, alongside possible Department of Defense engagement and multiple funding structures, as reasons to expect meaningful de-risking ahead.

He also underscores how emerging U.S. government initiatives—such as potential price floors, Section 232 actions, and mechanisms like Project Vault—could enhance long-term revenue visibility and pricing power for NioCorp’s rare earth and scandium production. Coupled with plans for expanded solvent extraction capacity, full scandium vertical integration, and growing interest from aerospace and defense customers, he views the company as well positioned to benefit from policy support and rising strategic demand, justifying a positive stance on the shares.

In another report released on February 5, Maxim Group also reiterated a Buy rating on the stock with a $15.00 price target.