NioCorp Acquires Scandium Alloy Assets to Support Potential First-Ever Vertically Integrated U.S. Scandium Mine-to-Markets Supply Chain

Core Insights - NioCorp has completed the acquisition of manufacturing assets and intellectual property from FEA Materials, positioning the company to produce aluminum-scandium master alloy in the U.S. as demand increases [1] Group 1: Acquisition Details - The acquisition includes manufacturing assets and IP from FEA Materials LLC, a Massachusetts-based company [1] - This strategic move is expected to enable NioCorp to meet the growing market demand for aluminum-scandium master alloy [1] Group 2: Market Positioning - Once the Elk Creek Critical Minerals Project is fully financed and operational, NioCorp will be able to operate a vertically integrated domestic supply chain for scandium [1] - The company is also exploring the feasibility of producing finished aluminum-scandium alloy parts through casting, forging, and machining for OEM manufacturers in both defense and commercial markets [1]