The U.S. Department of Defense awarded $10 million to Elk Creek Resources, a unit of NioCorp Developments Ltd., on August 5, 2025. This funding is designated to help develop a scandium supply chain in Nebraska.
This award is part of Washington's broader strategy to reduce reliance on China for critical minerals. Scandium is a specialty metal with applications in advanced alloys, particularly when combined with aluminum for increased strength and corrosion resistance.
The direct government investment underscores the strategic importance of NioCorp's Elk Creek Project in bolstering U.S. critical mineral independence. This financial support significantly de-risks the development of a domestic scandium production capability.
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