NioCorp Subsidiary Signs 15-Year Supply Deal With Traxys for Elk Creek Products
Bitget2026/10/16 21:02- NioCorp Developments' majority-owned subsidiary Elk Creek Resources signed an offtake agreement with Traxys North America on October 13, 2026.
- Traxys will purchase 50% of Elk Creek's annual ferroniobium output on a take-or-pay basis, or elect 3,700 metric tonnes annually.
- The agreement gives Traxys exclusive marketing rights to 100% of other project products, including scandium, titanium and rare earth products.
- The deal replaces prior ferroniobium and scandium agreements, with a 15-year term starting at commercial production.
- Either party may terminate if financing approval or financial close misses December 31, 2027, subject to a conditional six-month extension.
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