Trump is Serious About U.S. Critical Minerals Dominance, NioCorp Says

NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) is praising a reported plan by the Trump Administration to establish price supports for production in the U.S. of rare earth oxides and potentially other minerals deemed critical by the U.S. government.

"President Trump is on track to establish both U.S. energy and critical minerals dominance, and what he is proposing shows that he is willing to go toe-to-toe with foreign nations that manipulate markets and pricing in a manner that discourages U.S. production," said NioCorp Chairman and CEO Mark A. Smith. "Establishing price support levels under the Defense Production Act for critical minerals such as rare earth sends a very powerful signal to industry and financial markets. It says that President Trump is willing to use every available tool under U.S. law to re-assert US leadership in critical minerals mining, processing, and value-added manufacturing."

"The U.S. has enormous critical minerals resources, and President Trump is clearly determined to unlock those resources in order to protect our national defense and economic security," Mr. Smith added. "He also knows that we can produce these minerals while protecting our environment. I am proud that our Elk Creek Critical Minerals Project is one such project, which is why we are fully permitted to move to a construction start immediately after our financing is complete."

NioCorp's Elk Creek Project plans to deliver six critical minerals to the U.S.: Niobium, Scandium, Titanium and three magnetic rare earth oxides: Neodymium-Praseodymium, Dysprosium, and Terbium.

https://finviz.com/news/127069/trump-is-serious-about-us-critical-minerals-dominance-niocorp-says