NioCorp Developments Ltd. Common Stock
NBNioCorp Developments Ltd. is a mineral exploration and development company focused on the extraction of critical minerals, including niobium, scandium, and titanium. The company primarily develops its Elk Creek project in Nebraska, which is considered a significant source of these high-demand elements used in aerospace, automotive, and other industrial applications. NioCorp aims to become a leading producer of strategic metals essential for modern technologies and clean energy solutions.
Company News
The U.S. government is implementing a $2.5 billion Strategic Resilience Reserve and issuing major defense contracts to secure domestic critical mineral supplies. Ares Strategic Mining won a $169 million Pentagon contract for fluorspar, Centrus Energy received a $900 million DOE award for uranium enrichment, and other domestic producers are benefi...
NioCorp Developments (NB) rose over 2% after analyst Vitaly Kononov from Freedom Capital Markets initiated coverage with a buy rating and $8.70 price target (31% upside). The bullish case is based on U.S. government support for rare-earth mining, strong domestic industrial demand, quality deposits, and advantageous offtake contracts.
The U.S. government is launching an aggressive strategy to reduce dependence on Chinese mineral supply chains by investing billions in domestic mineral production and opening federal lands for resource extraction.
NioCorp Developments is developing the Elk Creek Project in Nebraska, which could provide critical rare earth minerals like niobium and scandium for AI data centers, aerospace, and advanced technologies, potentially reducing U.S. dependence on foreign mineral sources.
As trade tensions with China escalate, rare earth stocks are gaining attention, with several lesser-known companies offering strategic exposure to critical minerals and emerging technologies.
