NioCorp and Lockheed Martin partner to enhance U.S. military materials.
NioCorp, a rare earth minerals company, has partnered with defense giant Lockheed Martin to enhance military equipment through advanced scandium and aluminum alloy technology, supported by a $10 million funding from the U.S. Department of Defense for a Nebraska mining project. This collaboration aims to innovate military materials, reducing reliance on foreign resources while strengthening national security amid rising global geopolitical tensions. Scandium, crucial for fortifying lightweight metals, underscores the importance of material science in defense preparedness, highlighting how such initiatives are vital for maintaining a competitive edge in military capabilities. This strategic maneuver not only fortifies U.S. defense but also aligns with broader efforts to secure domestic resources for enhanced military readiness.
