NioCorp Secures Full Commercial Sales Agreements for Elk Creek Minerals

NioCorp Developments Ltd. has finalized a significant agreement with Traxys North America LLC for purchasing 100% of its projected mineral outputs. The agreement covers the first 15 years of production from the Elk Creek Critical Minerals Project, including ferroniobium and other critical minerals. Traxys commits to purchasing 50% of the planned ferroniobium output on a take-or-pay basis, effectively replacing previous agreements.

Traxys also gains exclusive rights to purchase additional products, such as scandium, titanium, and rare earth elements, while serving as NioCorp's global marketing partner. The agreement strengthens NioCorp's position as it seeks project financing and aligns with Traxys' goal of enhancing domestic mineral supply chains. This partnership underscores the industry's increasing focus on reliable, long-term mineral supplies in response to geopolitical challenges.