NIOCORP DEVELOPMENTS LTD (NB) Form 8-K — Oct 16, 2026
NioCorp's majority-owned subsidiary Elk Creek Resources has signed a 15-year offtake agreement with Traxys North America covering the Elk Creek Critical Minerals Project in Nebraska. Traxys will purchase 50% of annual ferroniobium production (or 3,700 tonnes per year at its election) on a take-or-pay basis and holds exclusive worldwide marketing rights for all other products, including scandium, titanium tetrachloride and rare earth products. The new agreement supersedes the prior 2016 ferroniobium offtake and related scandium agreements with Traxys.
Key figures
- Renewals
- two automatic one-year renewals
- Term years
- 15
- Financing deadline
- December 31, 2027
- Commercial production deadline months
- 60
- Percent annual ferroniobium production
- 50
- Ferroniobium commitment tonnes per year
- 3700
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