NioCorp enters non-binding agreement with Traxys North America

NioCorp (NB) Developments announced that it has entered into a non-binding agreement with Traxys North America outlining a long-term marketing and offtake arrangement for NioCorp’s remaining planned critical minerals products from its Elk Creek Critical Minerals Project. Subject to a definitive contract being executed between NioCorp and Traxys, NioCorp would be positioned to sell out of its planned critical minerals products for the first 10 years of operation, following the successful completion of project financing and commencement of commercial production. NioCorp has already placed under contract 75% of its planned ferroniobium production and 12% of its planned scandium oxide production.