- NioCorp Developments’ CEO, Mark A. Smith, to discuss China’s recent export restrictions on critical minerals on Fox Business Network.
- The Elk Creek Critical Minerals Project in Nebraska aims to produce both light and heavy rare earth elements.
- The facility will have extensive processing capabilities for rare earth carbonates and concentrates from U.S. and international mines.
Mark A. Smith, CEO of NioCorp Developments (NB, Financial), is scheduled to appear on Fox Business Network’s “Mornings with Maria” on April 16, 2025, at 8:30 a.m. Eastern Time. The discussion will focus on China’s recent restrictions on exporting heavy rare earths and other critical minerals to the U.S. and allied nations. These minerals are vital for national defense, electronics, communications, and various technological applications.
Smith brings significant expertise to the discussion, having experienced China’s 2010 rare earth export restrictions as the former CEO of Molycorp. He is now spearheading the Elk Creek Critical Minerals Project in southeast Nebraska, which is set to produce both light and heavy rare earth elements, as well as niobium, scandium, and titanium.
The Elk Creek facility aims to include an integrated underground mine and processing center, capable of producing purified and separated rare earth elements. Furthermore, it will process rare earth carbonates and concentrates from other mines in the U.S. and abroad. This strategic move positions NioCorp to address supply chain vulnerabilities amid geopolitical tensions surrounding critical minerals.
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