Lockheed Martin and NioCorp Sign MOU
NioCorp signed a non-binding Memorandum of Understanding with Lockheed Martin for the potential purchase of up to 15 tonnes/year of scandium oxide over the next 10 years. The agreement builds on a Pentagon-funded joint development program aimed at establishing a domestic mine-to-warfighter supply chain, leveraging a $10 million award under the Defense Production Act.
Key figures
- Existing dow award
- $10 million
- Agreement duration years
- 10
- Alloy scandium content range
- 0.2% to 0.8%
- Potential offtake volume tpy
- 15 tonnes/year
- Planned production capacity tpy
- 100 tonnes/year
AI analysis
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