NioCorp has acquired manufacturing assets and IP from FEA Materials to produce aluminum-scandium master alloy in the U.S.
The acquisition positions NioCorp to establish America's first scandium supply chain from mining to alloy production.
Plans include mining scandium, niobium, and titanium products in Nebraska, with potential for rare earth oxides.
Strategic Acquisition
Positions NioCorp to build the first U.S. vertically integrated scandium supply chain.
Technology Innovation
Utilizes ingenuity to grow scandium-based structural alloys in the market.
Pentagon Support
Received $10 million funding to advance the Elk Creek Critical Minerals Project.
Collaboration with Lockheed Martin
Engaged in designing aluminum-scandium parts for aerospace platforms.
Market Expansion
Plans to produce finished Al-Sc alloy parts for defense and commercial markets in the U.S.
- NioCorp aims to reduce U.S. dependence on scandium imports, particularly from China.
- The acquisition enhances America's capabilities in producing strategic materials for defense and commercial applications.
- Collaboration with Lockheed Martin signals potential growth in the aerospace sector with advanced alloys.
NioCorp's acquisition marks a significant step towards establishing a self-reliant scandium supply chain in the U.S. with implications for defense and commercial industries.