NioCorp Developments' subsidiary, Elk Creek Resources Corp. (ECRC), entered into a comprehensive 15-year Offtake Agreement with Traxys North America LLC for products from its Elk Creek Critical Minerals Project. This new agreement supersedes and replaces previous offtake contracts for ferroniobium and scandium, establishing a long-term commercial framework for the project's output.

Key Details

  • Agreement: On October 13, 2026, ECRC signed a 15-year offtake and marketing agreement with Traxys North America LLC.
  • Ferroniobium Terms: Traxys will purchase 50% of the project's annual ferroniobium production (or an elected 3,700 metric tonnes per year) on a take-or-pay basis.
  • Other Products: Traxys gains the exclusive right to market and sell 100% of the project's other products, including scandium, titanium, and various rare earth elements.
  • Contingency: The agreement can be terminated if final senior debt financing approval from the Export-Import Bank of the United States is not received by December 31, 2027.