NioCorp Commends Trump Administration's Critical Minerals Policy

NioCorp Developments Ltd. CEO, Mark A. Smith, praised the Trump administration for its bold proposals supporting U.S. critical minerals production. In a CNBC interview, Smith highlighted proposed price supports as a strategic move against Chinese market manipulation.

The U.S. government's price-floor measures aim to address financing challenges in domestic mineral projects, according to Smith. He noted that these initiatives will help balance global critical mineral markets, a longstanding issue due to China's significant investments in the sector.

Smith detailed NioCorp's fully permitted Elk Creek Project in Nebraska, which awaits project financing. This project aims to produce niobium, scandium, and titanium, contributing to the Pentagon's strategic needs. The facility is also expected to support U.S. rare earth supply chains.