Again I think it's pretty special that M.Smith was able to secure an offtake-agreement with an huge player in the metals market, 'Traxys Group'...many have said a scandium offtake would never happen!... they obviously could not have been more wrong!
I peticularly like the quite telling last sentence in the paragraph below:
(" NioCorp retains the right to make direct sales of scandium to markets outside of aerospace and sporting goods, as well as direct sales to the U.S. Government.")
"Mark Kristoff, CEO of Traxys, said: “Scandium delivers truly remarkable benefits and enhanced performance across a variety of applications, and global demand for scandium clearly has been limited to date by a lack of supply. NioCorp’s Elk Creek Project will change the fundamental calculus of scandium markets substantially, and we see significant growth potential in these markets as a result. Traxys looks forward to working with NioCorp to establish and grow new markets for scandium and to helping our customers leverage the value of this remarkable metal.”
Traxys will focus its scandium sales and marketing efforts on customers in the aerospace and sporting goods sectors, and it retains the exclusive right to sell NioCorp scandium to those sectors. In return, Traxys has agreed to purchase its entire needs of scandium trioxide, scandium alloys, scandium master alloy and other scandium-based products exclusively from NioCorp, including for scandium sales to other sectors, subject to availability of adequate supplies by NioCorp and other conditions. NioCorp will work with Traxys to promote and market scandium to the aerospace, sporting goods and other industry sectors. NioCorp retains the right to make direct sales of scandium to markets outside of aerospace and sporting goods, as well as direct sales to the U.S. Government.
