NioCorp Developments Ltd. (NASDAQ:NIOBW) is a mineral development company focused on the exploration and advancement of critical minerals essential to modern industry. The company’s flagship asset, the Elk Creek Project in southeast Nebraska, hosts one of the largest known niobium resources in North America. NioCorp is working to secure permits and complete engineering studies to transition Elk Creek from exploration to production.
At Elk Creek, NioCorp aims to produce high-purity ferroniobium for the steel and aerospace sectors, scandium oxide for advanced aluminum alloys, and titanium dioxide for pigment and metal applications. The project’s flowsheet combines flotation concentration with hydrometallurgical processing, and potential by-products under evaluation include select rare earth elements. Through phased feasibility studies and pilot testing, the company is refining its design to optimize recovery rates and environmental performance.
Founded in 2004 as American NeoCorp Ltd. and rebranded in late 2016, NioCorp is headquartered in Mississauga, Ontario, Canada. Its leadership team is headed by President and CEO Mark A. Smith, a mining industry veteran with over 30 years of project development experience. The technical staff includes specialists in mineral processing, environmental science, and regulatory affairs, reflecting NioCorp’s commitment to meeting U.S. permitting requirements and community engagement standards.
NioCorp’s products are targeted at sectors such as aerospace, energy, automotive, and infrastructure, where durable, specialty metals are in growing demand. By establishing a domestic supply chain for niobium, scandium, and titanium, the company seeks to reduce reliance on overseas sources and support North American strategic minerals initiatives. With ongoing environmental reviews and engineering updates underway, NioCorp continues to advance toward a final investment decision in alignment with market and regulatory conditions.
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