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FY24 closes with no gov't funding for NioCorp. FY25 starts with yet another continuing resolution (CR) until at least 12/20 because Congress can't seem to get that one thing right (only 4x since 1977!). Agencies do have some money to work with, but Congress is out until 11/12 unless they decide to come back early because the world is flooding, burning, heading towards WW3 and otherwise just in chaos. Real and potential supply chain issues abound. China keeps tightening exports and the Red Sea is ship-shooting gallery. Eastern and Gulf ports are shut down. High-purity quartz production for semiconductors is at risk in NC. Another storm could materialize in the Gulf. EXIM is on a tear trying to sign up lenders and give away money. The western world, especially the US Gov't, is shoveling money at everything critical minerals related (except us). A pivotal election looms, actual democracy is on the ballot! Should be an interesting debate tonight. Lots of news (and opportunity) everywhere. Gonna be an interesting 3 months, buckle up!
C'mon NioCorp, make some news!
A "new high-tech training gadget!"
https://bakersfieldnow.com/news/local/bakersfield-police-use-high-tech-immersive-simulator-to-enhance-officer-training-kern-county-california
For those interested in trying the simulator, it will be available at the Kern County Fair this year from September 18 to September 29.
Securing America's Critical Minerals Supply Act
September 26, 2024
Matthew Foldi
https://washingtonreporter.news/editorial/exclusive-reps-brett-guthrie-dan-newhouse-and-russ-fulcher-are-introducing-the-securing-americas-midstream-critical-materials-processing-act/
Rep. Brett Guthrie (R., Ky.), a senior member of the House’s Energy and Commerce Committee — and a leading candidate to chair the committee next Congress — is rolling out legislation on Friday that creates a national roadmap focused on “reshor[ing] domestic critical material processing facilities away from foreign adversaries like the Chinese Communist Party (CCP) and [on] reduc[ing] unworkable permitting barriers to help secure our supply chains.”
The Securing America’s Midstream Critical Materials Processing Act, first obtained by the Washington Reporter, is co-sponsored with Reps. Dan Newhouse (R., Wash.) and Russ Fulcher (R., Idaho), and has the support of influential groups like the American Critical Minerals Association, the U.S. Chamber of Commerce, and the National Mining Association.
Under this legislation, the Department of Energy will survey topics ranging from “the extent to which China and other adversaries employ anti-competitive practices to manipulate critical material markets” to the “permitting challenges facing a domestic critical material processing industry.”
It will also require the Government Accountability Office (GAO) to study how to improve federal permitting by examining “how the Inflation Reduction Act may have fueled Chinese greenfield investment in Free Trade Agreement countries.”
“For too long our nation has been reliant on the CCP and other foreign adversaries for the essential facilities to process critical materials into usable resources for our manufacturing industry,” Guthrie said.
Newhouse, who is on the House Select Committee on the CCP, said that “it is no secret the United States is in a dangerous position with our reliance on adversaries like the CCP for the critical minerals we use in everything from our energy sector to our defense industrial base,” and added that “the legislation is “a big step towards bringing critical mineral processing back to our shores and keeping bad actors out of our supply chains.”
Rep. Fulcher added that “critical minerals are not only vital to America’s energy supply, but to our national security as they are a key component for defense technologies and weaponry.” The Idaho lawmaker added that he is “proud to introduce this bill alongside Congressmen Guthrie and Newhouse to establish a national roadmap to bring the development and processing of key minerals back to the USA. Securing America’s energy independence starts with securing our critical minerals supply chain.”
https://www.congress.gov/bill/118th-congress/house-bill/1068
This bill requires the Department of Energy (DOE) to secure the supply of critical energy resources that are essential to the energy security of the United States.
As part of its duties, DOE must
conduct ongoing assessments of the supply of critical energy resources,
strengthen the supply chains for those resources,
develop substitutes and alternatives to those resources,
improve technology that reuses and recycles critical energy resources, and
assess how energy security is affected by the reliance of the United States on the importation of critical energy resources.
It'll probably happen right after the name change and new website 🤣
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process
Apr 25, 2024,
https://nuvibe.co/
The Asia International Sales Representative aggressively manages and pursues worldwide Law Enforcement and Military sales opportunities from existing leads as well as new prospects within their assigned territory and strategically persuades them to Invest in VirTra simulators and accessories. This position is responsible for executing the sales cycle including, but not limited to, product demonstration, development and presentation of proposals and quotes, closing of sales, and post-installation follow up. Extensive worldwide travel is required up to 3 weeks at a time.
Territory: Cambodia, India, Indonesia, Japan, Laos, Malaysia, Maldives, Mongolia, Nepal, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam
https://www.virtra.com/job/asia-international-sales-manager/
Rare earth recycler Cyclic Materials secures $53m funding from Microsoft, BDC
September 25, 2024
https://www.mining.com/rare-earth-recycler-cyclic-materials-secures-53m-funding-from-microsoft-bdc/
US-led group weighs funding more mineral projects to counter China dominance
25th September 2024
https://www.miningweekly.com/article/us-led-group-weighs-funding-more-mineral-projects-to-counter-china-dominance-2024-09-25
Kamala Harris vows to create US critical minerals stockpile, incentives
Bloomberg News | September 25, 2024
https://www.mining.com/web/kamala-harris-vows-to-create-us-critical-minerals-stockpile-incentives/
Vice President Kamala Harris vowed to create a national stockpile of critical minerals, saying a cache of the materials used in everything from batteries to defense systems is needed for economic and national security.
The plan, part of a broader $100 billion industrial policy vision Harris’ campaign laid out Wednesday, also called for new incentives and the use of emergency government powers under the Cold War-era Defense Production Act to increase domestic processing of critical minerals.
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“Increased domestic production will be paired with innovative and sustainable steps to build stronger critical mineral supply chains alongside our allies and partners, including by incentivizing investments that expand U.S. and allied production of these resources,” the Harris campaign said in a statement. “These efforts will reduce our dependence on China, which leads production on many critical minerals.”
Critical minerals — which include dozens of materials including antimony, lithium, and cobalt — are those are considered essential to the economy and at risk of supply disruption. The House Select Committee on Strategic Competition between the US and the Chinese Communist Party in December recommended creating a reserve of critical minerals “to insulate American producers from price volatility” and protect against China’s “weaponization of its dominance in critical mineral supply chains.”
The committee also recommended spending $1 billion to expand an existing National Defense Stockpile, an inventory of critical minerals managed by the Defense Department that is used to provide emergency access to domestic manufacturers for defense purposes.
(By Ari Natter)
DOE Announces $19.5 Million to Develop a Secure Domestic Supply Chain of Critical Minerals and Materials
September 25, 2024
https://www.energy.gov/fecm/articles/doe-announces-195-million-develop-secure-domestic-supply-chain-critical-minerals-and
Funding Will Support Recovery and Production of Materials from Secondary and Unconventional Sources to Enable the Manufacturing of Clean Energy Technology Components and Equipment
WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM), in collaboration with DOE’s Office of Energy Efficiency and Renewable Energy (EERE), today announced up to $19.5 million in federal funding to advance technologies that will help reduce costs for recovering critical minerals and materials from domestic secondary and unconventional sources. The projects will help restore the United States as a world leader in the extraction, separation, and refining of these materials—needed to produce solar panels, wind turbines, and other clean energy technologies, as well as components for defense systems and other electronics—while reducing our reliance on foreign supply chains and helping to advance the Biden-Harris administration’s historic climate agenda.
“Transitioning the production of critical minerals and their associated supply chains to the United States is crucial for manufacturing materials and technologies needed to achieve a clean industrial and energy economy and strengthen our national security,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “Increasing our domestic supplies of these vital materials reduces our dependence on international supply chains, while also creating high-quality American jobs.”
“Securing sustainable critical materials supply chains is imperative for our nation to successfully transition to a clean energy economy,” said Jeff Marootian, Principal Deputy Assistant Secretary for the Office of Energy Efficiency and Renewable Energy. “Investing in innovative and environmentally conscious methods of extraction, separation, refining, and recycling will protect finite resources and strengthen our energy security.”
According to the U.S. Geological Survey, more than 95% of the U.S. demand for rare earth elements is met by foreign sources. More than 50% of most critical minerals come from foreign sources, and at least 12 critical minerals come exclusively from foreign sources.
Through this funding opportunity, FECM intends to advance an environmentally and economically secure, diverse, and resilient domestic critical minerals and materials supply chain. Selected projects will expand technology development beyond current portfolio areas to ensure the economic recovery of critical minerals and materials from secondary and unconventional sources, including but not limited to coal, mining and mineral processing waste, acid mine drainage, and produced water from fossil energy and carbon management operations. As a combined collaborative effort, FECM with EERE’s Advanced Materials and Manufacturing Technologies Office will address production of mixed rare earth oxides or salts from multiple feedstocks including recycled materials.
Specifically, the funding opportunity solicits applications in four areas of interest:
Coproduction of Critical Minerals and Materials and Carbon Manufacturing Precursor Materials from Coal, Coal Waste, and Other Unconventional Carbon-based Feedstocks, to develop a process that uses existing technology to produce carbon manufacturing precursor materials from coal, coal wastes, coal byproducts or carbonaceous shale/clay that can be sold to manufacturers of end-use products (for instance, graphite). The process will be integrated into existing small pilot-scale (or larger) facilities extracting rare earth elements and other critical minerals and materials from unconventional carbon-based feedstocks using conventional extraction separation technologies.
Recovery of Heavy Rare Earth Elements from Secondary and Unconventional Resources, using conventional separation and refining technologies or, preferably, building upon conventional technologies to develop new, advanced, unconventional rare earth element extraction, separation, and refining concepts specific to the recovery of individual heavy rare earth elements. Applicants must use secondary or unconventional feedstocks, such as coal mine waste/refuse, coal combustion residuals, carbonaceous shale/clay, or other waste materials such as hard rock mine waste, phosphogypsum, and red mud from bauxite.
Critical Mineral Recovery from Produced Water, to develop methodologies to scale existing aqueous lithium extraction technologies to small pilot-scale lithium facilities using produced water associated with fossil energy and carbon management operations. Coproduction of critical minerals and materials (rare earth elements and non-rare earth elements) is encouraged.
Process Diversification: Production of Rare Earth Elements from Secondary/Unconventional Resources and Recycled Materials, to provide proof-of-concept at the bench-scale to produce mixed rare earth oxides or salts from multiple feedstocks. Projects are required to include at least one secondary and unconventional feedstock (for instance, coal mine waste/refuse, coal combustion residuals, phosphogypsum, red mud) and one recycled feedstock (for instance, end-of-life magnets and electronic waste).
To support the goal of building a clean and equitable energy economy, projects funded under this funding opportunity announcement (FOA) are expected to advance diversity, equity, inclusion, and accessibility; facilitate robust community engagement; contribute to energy equality; and invest in America’s workforce.
Read more details about this FOA here. The application deadline is November 26, 2024 at 5:00 PM ET.
FECM minimizes environmental and climate impacts of fossil fuels and industrial processes while working to achieve net-zero emissions across the U.S economy. Priority areas of technology work include carbon capture, carbon conversion, carbon dioxide removal, carbon dioxide transport and storage, hydrogen production with carbon management, methane emissions reduction, and critical minerals production. To learn more, visit the FECM website, sign up for FECM news announcements, and visit the National Energy Technology Laboratory website.
World’s first niobium-based heavy-duty battery packs 50% more energy, 10,000+ cycles
Aside from failing to identify sources, the timing of when things were actually said, and not "checking with company," what's wrong with the facts and quotes in the article? The information was obviously taken from publicly available information on NioCorp's website including the 2023 report and
https://www.niocorp.com/niocorps-elk-creek-project-confirmed-as-the-second-largest-indicated-or-better-rare-earth-resource-in-the-u-s/
There may be other pages, I haven't scrutinized it line by line. It also says the ultimate costs may be higher. I'm not saying it's the best written article I ever read, and I'm not saying I'm not still 100% supportive of the project, but I'm not seeing trash and disinformation either (in the article or the post).
Please feel free to call out any other inaccuracies from my posts. As I'm not in the habit or business of posting inaccurate or misleading information (and actually go to great lengths to ensure that), I would much rather have the correct information out there, both as an investor and as someone who believes that honesty is the best policy. In other news, Jim knows who I am and how to reach me, so if he ever has any concerns about my posts, he too is absolutely welcome to let me know..
Relative to whether the DD is accurate, I post what I find for informational purposes and make no assertions regarding validity. That's why I post the source and link. Everyone should continue with their own DD to their level of comfort. That being said, I did a little checking based on your post, and here are some facts:
It would appear the source of that information the author used in the article is the none other than the NioCorp 2023 Year in Review, Progress Positions NioCorp for Historic Advancements in 2024, dated 1/11/2024.
https://www.niocorp.com/niocorp-issues-2023-year-in-review-report/
Here's the quote from Mark from the report:
Last couple of lines and a link
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175094498
Whatever makes you happy!
Any forward movement from EXIM, Congress, or any other agency into pushing funding and support for domestic critical mineral projects and supply chain security is good for NioCorp simply because it's not bad. Maybe there's more behind the bush? As far as anyone knows, everything is still in play and remains that way until it's not. There are always those who will see only darkness at every turn. Mark predicted in January that 2024 could be a watershed year, and a couple of weeks ago said that 2024 promises to be a momentous year. He's got 98 more days to make his predictions reality.
https://nebraskapublicmedia.org/en/news/news-articles/niocorp-chief-knows-about-skeptics-predicts-watershed-year/
https://www.metaltechnews.com/story/2024/09/16/critical-minerals-alliances-2024/unlocking-americas-critical-minerals/1942.html
Team Barnett is most likely:
Charles Barnett
EXIM Vice President of Program on China and Transformational Exports
https://www.exim.gov/leadership-governance/officers
Google AI Response to CTEP Request
A "CTEP Request for a Non-Binding Resolution in Support of Critical Minerals and Rare Earth Elements Financings" would essentially be a formal proposal from the China and Transformational Exports Program (CTEP) of the Export-Import Bank of the United States, asking for a non-binding statement of support from relevant stakeholders to prioritize and facilitate financing for projects related to the development and extraction of critical minerals and rare earth elements, particularly when competing against Chinese companies in the global market.
Key points about this request:
Focus on Critical Minerals:
This resolution would specifically highlight the need to support projects focused on mining, refining, and processing of critical minerals like lithium, cobalt, graphite, and rare earth elements, which are essential for various technological applications including clean energy technologies.
Addressing Chinese Competition:
The CTEP is designed to help American companies compete against Chinese firms in export markets, so this resolution would aim to leverage the program's financing tools to ensure U.S. companies can secure critical mineral projects globally.
Non-Binding Nature:
While signifying support for these projects, the "non-binding" aspect means that the resolution would not legally obligate any party to take specific actions, but rather serve as a signal of intent and policy direction.
Potential benefits of such a resolution:
Policy Signal:
Could encourage other government agencies and private investors to prioritize critical minerals projects.
Market Confidence:
May attract more investment towards U.S.-based critical mineral development by demonstrating government support.
Supply Chain Resilience:
Could help secure domestic access to critical minerals, reducing reliance on foreign imports, particularly from China.
Important considerations:
Environmental Impact:
The resolution could need to address potential environmental concerns related to mining and processing of critical minerals.
Sustainability Standards:
May need to include provisions for responsible sourcing and adherence to high environmental and social standards in mining operations.
International Cooperation:
Could encourage collaboration with other countries to address the global critical minerals challenge.
https://www.exim.gov/about/special-initiatives/ctep
https://www.exim.gov/about/special-initiatives/ctep/critical-minerals
Sounds like Niocorp want to make all the remaining into alloy on-site and sell that. I think that's where the money is?
Transforming aluminum to transform the world
Critical Minerals Alliances 2024
Last updated Sep 18, 2024
https://www.miningnewsnorth.com/story/2024/09/19/critical-minerals-alliances-2o24/transforming-aluminum-to-transform-the-world/8695.html
Nice to see DoD focus specifically on domestic niobium production even if the source is GAM mines in Australia. Is it a harbinger of things to come? We'll see! Mark did say just last week, "As I see it, the stars are increasingly aligning behind our Elk Creek project and 2024 promises to be a momentous year for NioCorp." Not much left of 2024. (Yeah yeah yeah, he's said it before, so everyone remind us again about the broken promises. I can wait another 100 days)
Department of Defense Awards $26.4 Million for Low-Cost Domestic Production of High-Purity Niobium for Defense Applications
Sept. 20, 2024
https://www.defense.gov/News/Releases/Release/Article/3912485/
The Department of Defense announced today a $26.4 million award via the Defense Production Act Investments (DPAI) program to Global Advanced Metals USA, Inc. (GAM) to enable the domestic production of high-purity niobium oxide at GAM's Boyertown, Pennsylvania facilities.
In performing this work, GAM leverages more than seventy years of expertise in ore extraction processes and will utilize this funding to integrate new workflows into its existing production facilities in Pennsylvania. This new domestic supply will further secure the nation's supply chain for materials critical to the Department and reduce dependency on foreign sources.
"This award will substantially reduce supply chain risk in our defense and commercial aerospace industries," said Dr. Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy (ASD(IBP)). "The United States can no longer afford to be entirely reliant on overseas sources for the high-purity niobium required for specialty steels and alloys used in a plethora of defense platforms such as jet and rocket engines." This effort supports the National Defense Industrial Strategy's priority to increase supply chain resilience by expanding support for domestic production.
This is the latest of 55 awards totaling $555 million issued by the DPAI program since the beginning of fiscal year 2024. DPAI is overseen by the ASD(IBP)'s Manufacturing Capability Expansion and Investment Prioritization (MCEIP) program.
For more information on MCEIP, please visit: https://www.businessdefense.gov/ibr/mceip/index.html
About the Office of the Assistant Secretary of Defense for Industrial Base Policy (OASD(IBP))
The OASD(IBP) works with domestic and international partners to forge and sustain a robust, secure, and resilient industrial base enabling the warfighter, now and in the future. OASD(IBP) released the first-ever National Defense Industrial Strategy (NDIS) in January, and recently published the NDIS Interim Implementation Report. The NDIS and Interim Implementation Report can be accessed at https://www.businessdefense.gov/NDIS.html.
2024 Annual Meeting Monday, October 21, 2024
VirTra Management to Host Investor Presentation and Facility Tour Following Annual Meeting
September 19, 2024 17:18 ET
CHANDLER, Ariz., Sept. 19, 2024 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use of force training simulators, firearms training simulators for the law enforcement and military markets, will hold its 2024 Annual Meeting of Shareholders on Monday, October 21, 2024 at 4:30 p.m. Eastern Time (1:30 p.m. Arizona Time) at VirTra’s headquarters located at 295 E. Corporate Place, Chandler, AZ 85225. The meeting will also be accessible via webcast here.
VirTra will host an investor event following the Annual Meeting from 2:15 p.m. to 4:00 p.m. Arizona Time. The presentation will include an in-depth discussion of the Company’s growth strategies, product innovations, and market outlook. Presenters will include CEO and Chairman John Givens, CFO Alanna Boudreau, and CTO Brandon Cox.
Attendees will have the unique opportunity to experience a live demonstration of VirTra’s training simulators, including the V-XR®, its new low-profile and lightweight headset system that can be instructor-led or almost entirely self-driven. Following the presentation, attendees will be given a guided tour of the Company’s headquarters and production facilities.
To reserve a spot for the investor meeting and facility tour, RSVP by emailing VTSI@gateway-grp.com. When requesting an invite, please provide your full first and last name for shareholder verification. The Company will confirm your attendance.
Shareholders of record at the close of business on August 26, 2024, will be entitled to vote and attend both the Annual Meeting and investor presentation and tour to follow. Proxy materials and voting instructions can be found on the investor relations section of the company’s website.
Fun Facts to Know and Tell #317.5
Who woulda thunk such a simple, well used phrase could cause so much confusion?
North America fortifies scandium supply
Critical Minerals Alliances 2024 - September 16, 2024
https://www.metaltechnews.com/story/2024/09/16/critical-minerals-alliances-2o24/north-america-fortifies-scandium-supply/1936.html
Unlocking America's critical minerals
Critical Minerals Alliances 2024 - September 16, 2024
https://www.metaltechnews.com/story/2024/09/16/critical-minerals-alliances-2024/unlocking-americas-critical-minerals/1942.html
NATIONAL DEFENSE STOCKPILE Actions Needed to Improve DOD’s Efforts to Prepare for Emergencies
September 2024
https://www.gao.gov/assets/gao-24-106959.pdf
Title and Ownership
https://www.niocorp.com/wp-content/uploads/Securities-Exchange-Act-Reports.pdf
Unclear how much leverage they would actually have since the company has no money and there's no guarantee the project will even ever get started at this point. How many other folks are lining up to option or purchase that land, and how critical are those parcels to the beginning of the project? Do the upcoming expirations have anything to do with today's news? Interesting that all but one expire prior to 6/30/2025 when any outstanding amounts become due. It is free money for the land owner, after all.
Double Your Money Buying What China Refuses To Sell
Sep 9, 2024
https://www.forbes.com/sites/timtreadgold/2024/09/09/double-your-money-buying-what-china-refuses-to-sell/
Putin says Russia should consider restricting uranium, titanium and nickel exports
By Reuters
September 11, 2024
https://www.reuters.com/markets/commodities/putin-says-russia-should-consider-restricting-exports-uranium-titanium-nickel-2024-09-11/
The hunt for scandium has started
August 18, 2024
https://thedeepdive.ca/the-hunt-for-scandium-has-started/
What? The company is using debt financing and share sales before it becomes profitable?! No way! That’s outrageous. Call the SEC! Call the FBI! Sue everyone! Thanks for the tip. Good to know. I guess I should have paid more attention.
Sources? Read the news. What are your sources that the West’s focus on the importance of securing critical minerals and supply chains has waned? If anything, China’s new export controls on antimony has ratcheted up the need. Nothing from the gov’t has been ruled out to my knowledge, so it’s all potentially still in play until it’s not. If you know something different, feel free to share.
I am optimistic, because being pessimistic about my investments is mostly counterproductive and I would prefer to see a profit over a loss.
You may have mentioned some or all of that previously.
If the potential loan amount has changed to over a $billion, that just supports why EXIM needs/wants more info.
Read any of the dozens of stories globally. China effectively destroyed prospective mine financing years ago with market saturation. The private money in rare earths is hard to find all over the world. Was NioCorp a victim of that or was it really just miserable management? Guess we’ll see soon if the gov’t declines to invest. In the mean time, I’ve been green within the last 5 months, so I’ll give it some more time.
Stellantis? Who knows. Ok I won’t say the others, but they’re far from punchlines. Yet. They may be one day, but they’re not as of now.
Frustrating for sure and the lack of communication is annoying, but they’re not the first ones and they won’t be the last. Not overwhelmingly concerned with EXIM’s request for more info. Financing a domestic mining project for almost a $billion (maybe they’re looking at more?) is new ground, and since it’s the only pending project like it, I still think it gets done. But when? The current variety of financing opportunities seems to exceed anything previously “available.” Nothing about gummint works fast. I hoped this might be an exception. Oh well. The delays put a crimp in the warrants, but it’s all a gamble until it’s not.
Everyone’s free to believe what you want. It’s America after all (for some of us).
Thanks. Apparently Chico posted about them a year ago although I'm not seeing any connection at the moment other than proximity and end product.
https://www.reddit.com/r/NIOCORP_MINE/comments/164ux0r/niocorpterbium_niocorp_developments_nb_gets_a_buy/
Please do, but they look legit. The connection is Terbium and critical minerals and domestic supply chains and security. The money awarded is based on the need and the return, it's not a set figure. EXIM is in Australia pushing their resources and support for critical mineral production. I'm still buying under $1.80.
https://www.exim.gov/news/export-import-bank-chair-lewis-strengthens-critical-minerals-partnerships-australia
Are you hungry for all the dots to fall off the page?
https://www.rareearthsalts.com/
Interesting coincidence!
Terbium Oxide
Like Dysprosium, Terbium is "heavy" rare earth is used in a variety of electronic, automotive, and other applications, including high-performance rare earth permanent magnets. The Elk Creek Project contains the largest indicated Terbium Mineral Resource in the U.S.
https://www.niocorp.com/critical-minerals/