NioCorp Developments ( (NB) ) just unveiled an update.
NioCorp Developments Ltd. announced that its CEO, Mark A. Smith, will appear on Fox Business Network’s ‘Mornings with Maria’ to discuss China’s recent restrictions on rare earth exports. This development is significant as NioCorp is advancing the Elk Creek Project, which aims to produce both light and heavy rare earth elements, positioning the company to potentially mitigate supply chain disruptions and strengthen its market position in critical minerals.
More about NioCorp Developments
NioCorp Developments Ltd. is focused on developing the Elk Creek Critical Minerals Project in Southeast Nebraska. The company aims to produce niobium, scandium, and titanium, which are essential for various industrial applications including specialty alloys, high-strength steel, and advanced fuel cells. Additionally, NioCorp is exploring the potential to produce rare earth elements, which are crucial for manufacturing magnets used in defense and civilian technologies.
YTD Price Performance: 35.53%
Average Trading Volume: 330,879
Technical Sentiment Signal: Buy
Current Market Cap: $96.45M
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