Maxim raised the firm’s price target on NioCorp (NB) to $5 from $4 and keeps a Buy rating on the shares. This firm notes that the announcement from MP Materials (MP) regarding a public-private partnership with the U.S. Department of Defense is a catalyst to develop the U.S. critical mineral mining industry, which suggests more government funding for NioCorp’s critical mineral project in Nebraska, the analyst tells investors in a research note.
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