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NioCorp Secures DoD Funding for $800M Elk Creek Mine

9/26/2025

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Summary

Story summary

NioCorp Developments Ltd. is advancing Elk Creek Project, a fully permitted mine for niobium, scandium, and titanium.
The Elk Creek Project has Department of Defense (DoD) funding, underscoring its importance to U.S. security and supply chains.
NioCorp seeks $800 million in financing from the U.S. Export-Import Bank to support construction, including 75% niobium offtake and the largest scandium sales contract ever signed.

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Story summary

NioCorp Developments Ltd. is advancing Elk Creek Project, a fully permitted mine for niobium, scandium, and titanium.
The Elk Creek Project has Department of Defense (DoD) funding, underscoring its importance to U.S. security and supply chains.
NioCorp seeks $800 million in financing from the U.S. Export-Import Bank to support construction, including 75% niobium offtake and the largest scandium sales contract ever signed.