NioCorp Developments Ltd. announced on Thursday, 2025‑10‑23, that it has signed an agreement with Lockheed Martin’s Skunk Works advanced development programs division to support the development of a scandium‑based defense technology. The program is funded by the U.S. Department of War and is part of a $10 million agreement under Title III of the Defense Production Act, aimed at establishing a domestic scandium mine‑to‑master‑alloy supply chain. The partnership will enable the production of prototype components of aluminum‑scandium alloy, which are expected to enhance the capabilities of modern fighter aircraft. NioCorp’s CEO Mark Smith noted that the company’s ability to produce roughly 100 tonnes per year of scandium oxide will be a game‑changer for both U.S. defense and commercial applications. This agreement positions NioCorp as a key supplier for U.S. defense, aligning with national security priorities and potentially accelerating the company’s path to commercial production.
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