NioCorp Developments stock surges 9.52% on Elk Creek project progress

NioCorp Developments surged 9.5238% in pre-market trading on January 13, 2026, driven by progress in its Elk Creek Critical Minerals Project. Final assay results from the Department of Defense-funded drilling campaign confirmed consistent mineralization and grades, reinforcing updated resource estimates and mine planning. The data underpins the company’s feasibility study and future financing efforts, signaling operational milestones for the project.

The company also announced the completion of its 2025 infill drilling program, which strengthens resource continuity.

Additionally, NioCorp acquired scandium alloy manufacturing assets from FEA Materials LLC, aligning with its strategy to vertically integrate production. These moves highlight its focus on critical minerals like niobium, scandium, and titanium, which are vital for aerospace, defense, and industrial applications.

With a record $307 million cash balance as of December 2025, NioCorp is advancing land purchases and defense-related partnerships, including agreements with the U.S. Department of Defense and Lockheed Martin. The stock’s rally reflects investor confidence in its project de-risking and strategic positioning in the critical minerals sector.

These developments position NioCorp as a key player in securing critical mineral supplies for the U.S. and its allies. The project’s scalability and resource base make it attractive to defense-focused investors and institutional buyers. The company’s vertical integration strategy is expected to enhance margins and reduce supply chain risks as global demand for niobium and scandium continues to rise.

As the company moves toward full operational planning and feasibility, stakeholders are optimistic about long-term value creation and the potential for further capital inflows into its exploration and production initiatives.