$NB surges 4%! NioCorp starts construction on Elk Creek mine portal, advancing critical minerals project in Nebraska.

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Why NioCorp Developments Ltd.'s (NB) Stock Is Up 11.02%

NioCorp Developments $NB Surges 11.02%! Is it Time to Sell?
NioCorp's $NB share price jumps, sparking investor debate.
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#NioCorp Secures Final Land Parcels for Elk Creek, Strengthening Path to Construction
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NioCorp Developments shares rose 15.66% Tuesday after the U.S. Department of Defense awarded $10 million under the Defense Production Act to support domestic scandium supply chain development via its subsidiary, Elk Creek Resources.

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US awards NioCorp unit up to $10 million for scandium project in Nebraska (Reuters) -The U.S. Department of Defense said on Tuesday it has awarded up to $10 million to Elk Creek Resources, a unit of NioCorp Developments (NASDAQ:NB) Ltd, to increase domestic supply of scandium as it looks to reduce reliance on China for critical minerals. The funds, provided under the Defense Production Act, will support feasibility study, additional reserve drilling and updated cost estimates for NioCorp’s Elk Creek Critical Minerals Project in southeast Nebraska. Shares of the company rose 4.5% in morning trade. The U.S. has not mined scandium since 1969. The lightweight metal is used to strengthen aluminum alloys used in defense, aerospace and energy industries, but nearly all global supply comes from China, Russia and Ukraine. NioCorp said the award aligns with President Donald Trump’s executive order in March to boost domestic mineral production and could help secure up to $800 million in debt financing from the U.S. Export-Import Bank. Tuesday’s funding will assist with engineering, drilling and alloy qualification efforts with a U.S. defense contractor, the company said. It did not give a detailed cost breakdown. The Pentagon’s grant is part of a broader effort to secure domestic supplies of key materials and shed reliance on foreign suppliers, especially China. The Elk Creek Project is described by NioCorp as a shovel-ready, high-grade critical minerals deposit targeting production of scandium, niobium, titanium and other rare earth elements. With NB making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed NB alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including NB, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is NB poised for similar growth? Don't miss the opportunity to find out.

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NioCorp loses $500K in suspected BEC scam A painful loss for young company that's yet to generate revenue

NioCorp Developments, a NASDAQ-listed U.S. minerals company, fell victim to a Business Email Compromise (BEC) scam on February 14, resulting in the loss of approximately $500,000 intended for a vendor. #CyberSecurity #BECScam #NioCorp #CyberAttack #Infosec www.theregister.com/2025/02/20/n...

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Mining Company NioCorp Loses $500,000 in BEC Hack NioCorp Developments has informed the SEC that ...

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