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U.S. Department of Defense Awards up to $10 Million to NioCorp's Subsidiary Elk Creek Resources Corp.

1. NioCorp receives $10 million from DoD to establish a domestic scandium supply chain. 2. Funding aids development of aluminum-scandium alloy components for defense systems.

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Why Bullish?

This deal with the DoD marks affirmation of NioCorp's strategic importance in critical minerals. Historically, contracts with government strengthen financials and investor confidence.

How important is it?

The awarded funds and future financing options could enhance NioCorp's valuation and operational capabilities, suggesting significant growth prospects.

Why Long Term?

Establishing a supply chain and securing financing suggests sustained growth potential for NioCorp. Long-term deals in defense often yield lasting benefits.

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DODECRC
U.S. DoD's Defense Production Act Title III Award Is Expected to Help Establish the Nation's First Domestic Scandium Mine-to-Master-Alloy Supply Chain Funds Are Also Expected to Assist Elk Creek Resources Corp., a subsidiary of NioCorp, and a U.S. DoD Prime Contractor in Accelerating Development, Qualification, and Deployment of Aluminum-Scandium Alloy Components into Defense Aerospace Systems DoD Support Is Expected to Facilitate the U.S. Export-Import Bank's Consideration of up to $800 Million in Debt Financing to NioCorp in a "Whole of Government" Approach to Critical Minerals Development CENTENNIAL, CO / ACCESS Newswire / August 5, 2025 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) is pleased to announce that its subsidiary Elk Creek Resources Corp. ("ECRC") has been awarded up to $10 million, subject to the achievement of certain milestones, from the U.S. Department of Defense ("DoD") via Title III of the Defense Production Act ("DPA") to support the establishment of a domestic scandium mine-to-manufacture supply chain via the Elk Creek Critical Minerals Project (the "Elk Creek Project") in southeast Nebraska.

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