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NioCorp secures 10-year offtake deal with Traxys, boosting Elk Creek project outlook and funding plans.

Market News
18 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

NioCorp Developments has secured a 10-year non-binding offtake agreement with Traxys, validating the sales channel for its Elk Creek mining project. The company targets six minerals with a unique non-open-pit mining model, focusing on rare earth elements and scandium, which offer strong revenue potential. With $419 million in cash and an $800 million EXIM debt application, NioCorp is well-positioned to fund the $1.2 billion Elk Creek capital expenditure, reducing dilution risk. Upcoming feasibility study results and the confirmed offtake deal are expected to clarify project costs and net present value, potentially triggering a market re-rating.

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