- The majority of revenues from Elk Creek are expected to come from scandium.
- However, this is a really thin market which leads to the chicken or the egg causality dilemma as the project will boost global output by a factor of seven.
- Considering good scandium projects like Nyngan can’t secure offtake agreements, I think that demand just isn’t there at the moment.
- In addition to this, NioCorp’s feasibility study is based on scandium prices of over $3,600/kg, almost twice the price used for Nyngan.
For further details see:
NioCorp Has A Bad Chicken-Or-Egg Problem And I'm Bearish