NioCorp Places 100% of Its Planned Critical Minerals Production Under Commercial Sales Agreements
Key Highlights
- ➤100% of planned Elk Creek production now covered by commercial agreements
- ➤Traxys to purchase 50% of planned ferroniobium output for 15 years
- ➤ThyssenKrupp retains 50% of planned ferroniobium output for 10 years
- ➤Traxys gains exclusive rights to market planned scandium, titanium, and rare earth products
- ➤Potential Traxys equity investment could reach $30 million, subject to negotiation
Expert Statements
Mark A. Smith, CEO and Executive Chairman of NioCorp
“We've always believed the right commercial partner is just as important as the products themselves”
Mark A. Smith, CEO and Executive Chairman of NioCorp
“Members of our management team have worked with the Traxys team for several decades, and they've built an outstanding reputation in these markets. They understand these products, they understand the customers, and we've developed a high level of confidence in their team over many years. Expanding that relationship was a logical next step for us.”
Mark A. Smith, CEO and Executive Chairman of NioCorp
“Together with our existing ferroniobium offtake agreement, every product we plan to produce at Elk Creek is now supported by long-term commercial agreements for 15 years of operations with highly reputable commercial partners”
Mark A. Smith, CEO and Executive Chairman of NioCorp
“That puts us in an even stronger position as we advance our remaining financing efforts, including addressing one of the key due diligence items in EXIM's review of our proposed financing package. Just as importantly, it shows there are experienced market participants willing to commit to the products we expect to bring to market.”
Mark Kristoff, CEO of Traxys
“If recent and ongoing geopolitical events have shown us anything, it's that manufacturers can no longer assume critical mineral supply will always be available when and where it's needed. Customers today are looking for reliable, long-term supply from trusted jurisdictions, and that trend is only accelerating. We've worked with Mark and his team for many years, and we believe the Elk Creek Project is exceptionally well positioned to help meet that demand.”
Mark Kristoff, CEO of Traxys
“As a key participant in President Trump's Project Vault initiative, Traxys is focused on helping build stronger domestic critical mineral supply chains by connecting emerging producers with manufacturers seeking dependable long-term supply. That's exactly why we're expanding our relationship with NioCorp through this agreement, and we look forward to bringing Elk Creek's products to customers across North America and allied markets in the future.”
CENTENNIAL, CO / ACCESS Newswire / October 13, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. developer of critical minerals, has reached a definitive agreement (the "Agreement") with Traxys North America LLC ("Traxys"), a leading global trader and merchant in the metals and natural resources sectors, resulting in 100% of the Company's planned production from its Elk Creek Critical Minerals Project (the "Elk Creek Project") now being supported by commercial agreements during the first 15 years of operations.
Under the binding Agreement, Traxys will purchase, on a take-or-pay basis, 50% of NioCorp's planned ferroniobium production from its Elk Creek Project over the first 15 years of production. The Agreement supersedes and replaces the prior ferroniobium and scandium offtake arrangements between NioCorp and Traxys. NioCorp's existing offtake agreement with ThyssenKrupp Metallurgical Products GmbH ("ThyssenKrupp") covering the other 50% of NioCorp's planned ferroniobium production from its Elk Creek Project over the first 10 years of production remains unchanged.
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