Core Insights - NioCorp Developments Ltd. is currently considered one of the best metal stocks to invest in, particularly following the approval of the Mine Portal Project, which is crucial for the Elk Creek Critical Minerals Project [1][2] Group 1: Project Developments - The board of NioCorp approved the Mine Portal Project, which will establish the main entrances to the Elk Creek underground mine, serving as access for personnel, equipment, and materials [1][2] - The capital cost for the Mine Portal Project is estimated to be approximately $44.6 million, with work expected to commence in the first quarter [2] Group 2: Strategic Acquisitions - NioCorp completed an $8.4 million acquisition of FEA Materials LLC, enhancing its capability to produce aluminum-scandium master alloy in the U.S. [3][4] - The acquisition positions NioCorp to establish the first fully integrated scandium supply chain in the U.S., covering mining, oxide production, and alloy manufacturing for both defense and commercial markets [4] Group 3: Market Position and Future Outlook - NioCorp is focused on the Elk Creek Project in Nebraska, which aims to mine essential materials such as Niobium, Scandium, and Titanium, along with potential Rare Earth Elements [5] - The CEO of NioCorp emphasized the importance of the Portal Project as a critical milestone and expressed gratitude for the support from local stakeholders [3]