Niocorp Developments shares rise 6.02% intraday after receiving $10 million from the U.S. Department of Defense and acquiring key land for Elk Creek project.

Niocorp Developments Ltd. surged 6.02% intraday, following the U.S. Department of Defense awarding its subsidiary $10 million to advance the niobium supply chain for defense aviation applications and the company's acquisition of three key land parcels for the Elk Creek critical minerals project.