Business
NioCorp Acquires Scandium Alloy Assets to Support Potential First-Ever Vertically Integrated U.S. Scandium Mine-to-Markets Supply Chain
Acquisition of the Manufacturing Assets and IP from FEA Materials is Expected to Position NioCorp to Produce Master Alloy as Defense and Commercial Market
About this update from Niocorp Developments Ltd.
[{"type":"text","content":"Acquisition of the Manufacturing Assets and IP from FEA Materials is Expected to Position NioCorp to Produce Master Alloy as Defense and Commercial Market Demand GrowsOnce its Elk Creek Critical Minerals Project is Fully Financed and Operational, NioCorp Will be Positioned to Operate a Vertically Integrated Domestic Scandium Mine-to-Markets Supply ChainNioCorp Also is Examining the Feasibility of Integrating Down to the Production of Finished Aluminum-Scandium Alloy Parts via Casting, Forging and Machining for OEM Manufacturers in Defense and Commercial Markets CENTENNIAL, CO / ACCESS Newswire / December 4, 2025 / NioCorp Developments Ltd. (\"NioCorp\" or the \"Company\") (NASDAQ:NB), a leading U.S. critical minerals developer, is pleased to announce that it has completed the purchase of the manufacturing assets and intellectual property (\"IP\") of Massachusetts-based FEA Materials LLC (\"FEA\"), which is expected to enable NioCorp to produce aluminum-scandium (\"Al-Sc\") master alloy in the U.S. as market demand grows. Once its Nebraska mine and processing facility are fully financed and operational, the acquisition positions NioCorp to establish America's first scandium supply chain that vertically integrates mining, scandium oxide production, and Al-Sc master alloy production for both defense and commercial manufacturers.NioCorp Advanced Metals and Alloys LLC (\"NAMA\"), a newly formed subsidiary of NioCorp and its operating company Elk Creek Resources Corp. (\"ECRC\"), completed the all-cash $8.4 million purchase of FEA's assets and IP on December 4, 2025. FEA has been engaged in the commercial manufacturing of 2% - 4% Al-Sc master alloy via an innovative process that converts scandium oxide directly into Al-Sc master alloy, bypassing the interim step of first converting the oxide into metal before making Al-Sc master alloy.NioCorp plans to begin mining scandium-containing ore and producing scandium oxide at its Elk Creek Critical Minerals Project in Nebraska as soon as possible, contingent upon final project financing and construction. In addition to scandium, NioCorp also intends to produce niobium and titanium products and, potentially, light and heavy rare earth oxides in Nebraska.NioCorp is now examining the feasibility of extending its potential domestic scandium supply chain to include production of finished Al-Sc al...