NioCorp Developments Ltd. commented on April 4, 2025, that China has retaliated against the U.S. and allied nations by restricting the export of highly strategic Chinese-made rare earths. These minerals are essential for virtually all U.S. defense systems and various high-technology sectors.
NioCorp stated that the implications for U.S. national security are dire due to this new precision strike against Pentagon rare earth supply chains. The restrictions underscore the vulnerability of the U.S. to foreign control over critical mineral resources.
The company's Elk Creek Critical Minerals Project is positioned as a vital domestic source for these materials. This development further emphasizes the strategic importance of NioCorp's efforts to establish a secure, made-in-America supply chain for critical minerals and rare earths.
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