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President Trump to Announce "Historic" Actions to Massively Expand Critical Minerals and Rare Earths Production in the U.S.
America is Ready to "Mine, Baby, Mine" to Reduce Dangerous Dependence on China and Other BRICS Nations, NioCorp Says CENTENNIAL, CO / ACCESS Newswire / March 5,
About this update from Niocorp Developments Ltd.
[{"type":"text","content":" America is Ready to \"Mine, Baby, Mine\" to Reduce Dangerous Dependence on China and Other BRICS Nations, NioCorp Says CENTENNIAL, CO / ACCESS Newswire / March 5, 2025 / U.S. President Trump told the U.S. Congress and the American people last night that he intends to take \"historic action to massively expand the production of critical minerals and rare earth elements right here in America,\" a move that should help to accelerate the development of critical minerals and rare earth projects like the Elk Creek Critical Minerals Project (\"Elk Creek Project\") in Nebraska, according to Mark A. Smith, Executive Chairman and CEO of NioCorp Developments Ltd. (\"NioCorp\" or the \"Company\") (NASDAQ:NB). NioCorp is fully permitted to start construction of the Elk Creek Project, which is intended to produce the critical minerals niobium, scandium, titanium, and rare earths. The US is 100% dependent upon foreign nations for niobium and scandium, and is overwhelmingly dependent on imports for titanium and rare earth oxides, particularly from China and other BRICS nations (Brazil, Russia, India, China, South Africa). Few US national defense systems can operate without one or more of the minerals NioCorp intends to produce. \"America is ready to Mine, Baby, Mine in order to reduce our dangerous dependence on China and the other nations of the BRICS cabal,\" said Mr. Smith. \"The US is blessed with an abundance of critical minerals resources, and few domestic critical minerals projects are ready to proceed faster than the Elk Creek Project in Nebraska.\" \"The United States is now poised to be the extraction and midstream processing leader for the entire world,\" said Drew Horn, President of Washington, DC-based GreenMet and a former White House official under President Trump's first term. \"The best projects, such as NioCorp's Elk Creek Critical Minerals Project, have unmatched support from both the US government and US private institutional capital, are already fully permitted for construction, and have the potential to help the US achieve critical minerals self-sufficiency and, eventually, critical minerals dominance.\" Messers Smith and Horn have been advocating for the Trump Administration to take aggressive action to promote domestic production of critical minerals, such as in this op-ed by Mr. Smith published by FoxNews.com on J...