Replies to post #72683 on Niocorp Developments Ltd (NB)

[Landmark8211111]

Yeah Chico your absolutely right! and it’s in black and white! — NioCorp has applied for funding from the Pentagon (roughly 13 months ago)

Quote:
As I write this, MP Materials announced they also received a Defense Department contract to supply heavy rare earth elements. There do not appear to be many other options at the present time, at least until alternative mines and refineries become established.

Other companies that have applied for funding from the Pentagon include Canada’s Medallion Resources LLC and Search Minerals Inc.; NioCorp of Nebraska; Materion Corp and UCore Rare Metals of Alaska; and Texas Mineral Resources Corp.

According to the DOE, the US government is actively seeking new sources of rare earth elements while exploring methods to recycle rare earth magnets, and does not share any of this research with MP Materials.

Great DD Chico, thanks!
Cheers