NioCorp signs scandium supply MOU with Lockheed Martin

NB NioCorp Developments Ltd

$3.14 -5.99%

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1. 1NioCorp Developments (NB) has signed a non-binding MOU with Lockheed Martin concerning the potential purchase of scandium oxide.
2. 2Under the deal, Lockheed Martin would purchase up to 15 tons of scandium oxide per year for the next 10 years, in the form of oxide or aluminum-scandium alloy.
3. 3The MOU builds on NioCorp's existing joint development program with Skunk Works and is linked to the development of scandium alloy components for fighter jets.

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