NioCorp Developments Ltd. announced that the Company has entered into an agreement with Brunel University London to develop innovative aluminum-scandium alloys and applications for use in the automotive sector. NioCorp has joined with the Brunel Centre for Advanced Solidification Technology ("BCAST") to develop a range of innovative aluminum alloys for the automotive sector. These alloys will utilize scandium to enhance the performance of aluminum components in order to facilitate: Vehicle light weighting - developing aluminum-scandium alloys that reduce weight, increase automobile efficiencies, and reduce emissions; Recycling - utilizing the performance-enhancing attributes of scandium to increase recyclability, creating sustainable low-carbon circular supply chains; and Cost Reduction - reducing manufacturing costs and waste through utilizing scandium to increase the strength, ductility, weldability, durability, surface finish, and corrosion resistance of critical aluminum components.

NioCorp plans to produce approximately 100 tonnes of scandium per year from its Elk Creek Critical Minerals Project (the "Project") in southeast Nebraska once the Project is financed, constructed, and ramped up to full commercial production. If full commercial production was accomplished, NioCorp would be the world's single larger producer of scandium, which is designated by the U.S. Government as a critical mineral for the U.S. economy and national security.