NioCorp Developments Ltd. has announced significant advancements in its Elk Creek Critical Minerals Project, which is set to bolster U.S. national and economic security by producing critical minerals such as niobium, dysprosium, and terbium. These minerals are now recognized by the U.S. government as among the most vital to the country's interests. The project, located in the U.S., aims to initiate the first-ever domestic mining and processing of niobium, addressing the nation's current 100% dependence on imports, primarily from Brazil. Niobium is critical for producing specialty alloys and high-strength steel, which are essential for automotive, structural, and pipeline applications. NioCorp's project is fully permitted for construction and is considered one of the most strategic critical minerals projects in the U.S., with potential plans to expand into rare earth mineral production.