NioCorp Developments Ltd. CEO Mark A. Smith commented on March 21, 2025, on an Executive Order issued by President Donald J. Trump. The order is expected to accelerate critical minerals mining and processing within the United States.
Smith stated that this action aims to put the U.S. on a path to critical minerals self-sufficiency, reducing reliance on foreign producers, including the BRICS nations. He highlighted that this 'whole of government' approach is anticipated to unlock significant new institutional investment.
The Executive Order directly benefits projects like NioCorp's Elk Creek Critical Minerals Project by creating a more favorable domestic environment for development and investment. This strategic alignment with government priorities underscores the national importance of NioCorp's efforts to establish a domestic supply chain.
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