Mentioned:
A private physical metals trading company has just cut a new deal with NioCorp. But, why?
What’s happening:
- NioCorp (NASDAQ: NB) has entered into a new deal to supply Traxys North America with half of their planned ferroniobium production from their Elk Creek project
By the numbers:
- Traxys will purchase 50% of NioCorp’s planned ferroniobium production over 15 years
Why it matters:
- NioCorp now has commercial purchase agreements for 100% of the planned ferroniobium production from Elk Creek for the first 10 years of production
Going deeper:
- NioCorp has granted Traxys the exclusive rights to purchase all planned scandium, titanium and rare earth elements that are produced at Elk Creek as part of the new deal
- Traxys is a global physical metals trader and has offices in the United States, Mexico, Brazil, Luxembourg, Germany, France, Spain, Sweden, Saudi Arabia and multiple other countries
The intrigue:
- Traxys has publicly stated they are involved with the United States’ Project Vault stockpile initiative
