Elk Creek Project

NioCorp’s 2025 review details significant progress on its Elk Creek project, raising over $370 million and ending the year with $307 million cash. Key advancements include bolstered federal support, with the Ex-Im Bank progressing to an Independent Technical Review and a Pentagon-funded scandium development program with Lockheed Martin. Pre-construction readiness was enhanced, but full project financing remains outstanding for a 2026 construction start.

NioCorp Developments CEO Mark A. Smith will appear on Fox Business News on September 25, 2025, to discuss the Elk Creek Critical Minerals Project in Nebraska. This project is the only U.S. project containing niobium, scandium, titanium, and rare earths, and is fully permitted for construction. The U.S. relies heavily on niobium imports, crucial for advanced steels and defense, while Brazil controls most production, and China influences supply chains through mine ownership.