NioCorp Developments Ltd. Secures Up to $10 Million in U.S. Department of Defense Funding to Boost Domestic Scandium Supply Chain
Reuters
Sep 12
<a href="https://laohu8.com/S/NB">NioCorp Developments Ltd.</a> Secures Up to $10 Million in U.S. Department of Defense Funding to Boost Domestic Scandium Supply Chain
NioCorp Developments Ltd. has announced that it has received a grant of up to $10 million from the U.S. Department of Defense under Title III of the Defense Production Act. This funding is specifically aimed at accelerating the development of a domestic scandium supply chain and supports NioCorp's ongoing efforts to secure up to $800 million in potential project debt financing from the U.S. Export-Import Bank. The grant underscores NioCorp's strategic role in bolstering a resilient domestic supply chain for critical materials essential to sectors such as clean energy, defense, and advanced manufacturing. The funding appears to be solely awarded to NioCorp Developments Ltd., with no mention of other organizations receiving similar grants.
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