NioCorp (NASDAQ:NB) (TSX:NB) and its development partner, Nanoscale Powders, are pleased to announce the successful pilot-scale production of a 1 kilogram ingot of Aluminum-Scandium alloy at a facility owned and operated by Creative Engineers in New Freedom, Pennsylvania.
NioCorp Developments Ltd. (NASDAQ:NB) (TSX:NB) plans to make aluminum-scandium master alloy product from mining and upgrade facilities to be located in the U.S., which could enable commercial and defense manufacturers to replace select existing aluminum parts in vehicles.
Stellantis N.V. and NioCorp (Nasdaq:NB) (TSX:NB) today announced the signing of a Rare Earth Offtake Term Sheet. The objective is to enter into a definitive rare earth supply agreement to support Stellantis’ commitment to build resilient supply chains and reach carbon net zero by 2038 and to help accelerate NioCorp’s path to commercial production of magnetic rare earth oxides in the U.S.
NioCorp applauded Nebraska Governor Jim Pillen (R) and a bipartisan group of Nebraska Senators for enacting a historic package of tax reform measures that are expected to stimulate greater investment in Nebraska by cutting the top individual and corporate state income tax rates by nearly one-third over the next several years.
NioCorp has demonstrated an ability to potentially double the recovery of titanium from each tonne of ore the Company expects to mine at its Nebraska-based Elk Creek Critical Minerals Project, as as to potentially produce a purer form of titanium that may command a higher price than is assumed in NioCorp’s June 2022 feasibility study.