NioCorp Collaborated with Leading UK-Based Research University to Develop Innovative Aluminum-Scandium Alloys for the Automotive Sector

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NioCorp Developments Ltd Ordinary Shares

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NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB)(TSX:NB) is pleased to announce that the Company has entered into an agreement with London-based Brunel University London, a leading research university focused on application of cast aluminum alloys globally, 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.
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