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NioCorp Developments Ltd.

09:51 AM EST - NioCorp Developments Ltd. : Today announced its intent to launch a phased approach to commercial-scale production of aluminum-scandium master alloy in the US for commercial and defense applications. Coupled with the Company's intended plans to produce more than 100 tonnes per year of scandium oxide from its proposed Elk Creek Critical Minerals Project in southeast Nebraska, and depending upon the results of the Al-Sc master alloy initiative, receipt of necessary funding and other factors, the initiative could establish the U.S. as a leading producer of scandium, according to NioCorp CEO and Executive Chairman Mark A Smith. NioCorp Developments Ltd. NioCorp Developments Ltd. shares T.NB are trading up $0.27 at $7.37.