Governments Pledge $12.1B to Mining Partnerships, Boosting NioCorp’s Growth
Western governments pledged $12.1 billion via 30 partnerships and the FORGE coalition with 54 nations to boost mining capital. An OECD report shows export restrictions on cobalt, lithium and rare earths hit record highs with over 90% supply concentration, positioning NioCorp Developments among five key beneficiaries.
1. Major Western Investments
Western governments committed $12.1 billion in 30 mining partnerships and launched the FORGE coalition with 54 nations and 11 bilateral agreements to secure critical mineral supplies.
2. Record Export Restrictions Increase Market Risks
An OECD inventory reveals export restrictions on cobalt, lithium and rare earths have surpassed historical levels, concentrating over 90% of supply among the top three producers and heightening supply chain risk.
3. NioCorp Positioned as Strategic Beneficiary
NioCorp Developments is one of five companies identified to capture increased Western capital across exploration and production stages, aligning its rare earths and magnet project development with growing defense, AI and electrification demand.