# NIOCORP Developments

NIOCORP Developments is an Asset Manager based in Centennial, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Centennial, United States
- **Region:** North America
- **Address:** Centennial, Colorado, United States
- **Assets under management:** Undisclosed
- **Website:** niocorp.com

## Regulatory record

- **Reports private funds:** No

## About

NioCorp (TSX:NB - OTCQX:NIOBF - FSE:BR3) is developing North America's highest grade, large tonnage, undeveloped Niobium project, located in Elk Creek, Nebraska. NioCorp aims to be part of the solution for the World's strategic and critical Niobium needs for the steel, automotive and aviation industry. Niobium is crucial in high strength steel for bridges and buildings, high pressure oil and gas pipelines, lightweight and fuel efficient cars, stainless steel, MRI machines, wind turbines, airplane jet thrusters, and more.

## Sectors

- Materials & Mining
- Industrial Tech
- Energy Transition & Renewables

## People

- Mark A. Smith — Chairman and Chief Executive Officer

## Questions

### Who runs investment decisions at NioCorp?

Mark A. Smith serves as Chairman and CEO, exercising full executive authority over funding strategy, permitting, and commercial partnerships. The board includes materials-industry veterans and former government officials; Smith has historically led equity-raise negotiations directly, including the 2023 GX Acquisition Corp. II SPAC deal.

### What is the Elk Creek deposit, and why does it matter for critical-minerals policy?

Elk Creek is a polymetallic carbonatite in Johnson County, Nebraska, hosting niobium, scandium, titanium, and total rare-earth oxides. The company’s 2022 feasibility study outlined proven and probable reserves of roughly 36.7 million tonnes at 0.79% niobium-equivalent grade. Because the United States imports 100% of its niobium needs, primarily from Brazil, the Department of Defense opened a Defense Production Act Title III investigation examining potential support for NioCorp’s processing capacity.

### Does NioCorp generate revenue?

No. NioCorp is a development-stage company with no commercial production. All funding to date has come from equity placings, convertible notes, and SPAC proceeds. The projected production timeline remains contingent on project financing — the company has publicly explored EXIM Bank loan guarantees and strategic investor placements.

### How is NioCorp structured post-2023 merger?

The March 2023 merger with GX Acquisition Corp. II made NioCorp a NASDAQ-listed entity (ticker NB) governed by a Delaware-incorporated subsidiary operating the Nebraska project. The British Columbia parent entity, NioCorp Developments Ltd., remains the top-level corporate shell, maintaining Canadian reporting obligations alongside SEC filings.

### What is NioCorp’s relationship with Stellantis?

In 2023 NioCorp signed a non-binding letter agreement with Stellantis regarding potential supply of rare-earth oxides for electric-vehicle permanent magnets. The agreement also outlined Stellantis’s possible role as a project-financing partner. No definitive offtake or equity investment has been announced as of mid-2024.

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- [BrightSpire Capital](https://altss.com/profile/brightspire-capital-inc)
- [Metals Royalty Co Inc.](https://altss.com/profile/metals-royalty-co-inc)

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Last updated: 2026-06-03T20:00:00.000Z

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