NioCorp Secures $200M Tax Benefits from Nebraska
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 20 2026
0mins
Should l Buy NB?
NioCorp Developments announced that the State of Nebraska has enacted legislation designed to give NioCorp greater flexibility in qualifying for approximately $200M over 10 years in state tax benefits in return for NioCorp investing hundreds of millions of dollars in Nebraska and creating approximately 450 full-time equivalent jobs in the state. Nebraska Governor Jim Pillen signed the legislation into law on April 16 after the Nebraska legislature enacted it on April 10, 2026. The bill included a range of tax incentives for businesses and projects statewide. For NioCorp, the legislation extends the period during which companies like NioCorp must meet Tier 6 Nebraska Advantage Act employment and investment requirements. "I want to thank Governor Pillen, Revenue Committee Chairman Brad von Gillern, Senator Hallstrom, and members of the Nebraska Unicameral for supporting this effort," said Mark Smith, Chairman and CEO of NioCorp. "Nebraska has stood behind the Elk Creek Project from the very beginning, and this is another clear demonstration of that commitment. The support we continue to receive from the state, from Nebraska's federal delegation, and from the communities of southeast Nebraska means a great deal to our team and strengthens our resolve to deliver on what this project promises: good-paying jobs, lasting economic growth for the region, and a reliable domestic supply of the critical minerals that American manufacturers and our national defense depend on. Nebraska continues to invest its confidence in this project, and we are fully committed to delivering on that."
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Analyst Views on NB
Wall Street analysts forecast NB stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 6.090
Low
9.50
Averages
12.25
High
15.00
Current: 6.090
Low
9.50
Averages
12.25
High
15.00
About NB
NioCorp Developments Ltd. is developing the Elk Creek Project that is expected to produce niobium, scandium, and titanium. The Company is also evaluating the potential to produce several rare earths from the Elk Creek Project. The Elk Creek Project is a shovel-ready pure-play critical minerals project with the highest-grade Niobium resource in North America and an indicated rare earth resource in the United States. The Elk Creek Project is located approximately 105 kilometers (kms) southeast of Lincoln, Nebraska (the state capital); 129 kms south of Omaha, Nebraska, and three miles west of Elk Creek, Nebraska and six miles south of Tecumseh, Nebraska.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Global Supply Chain Strain: The latest OECD report indicates that global export restrictions on critical raw materials have reached an all-time high, with supply concentration for cobalt, lithium, and rare earths exceeding 90%, driving capital down the entire Western mineral pipeline from early-stage exploration to commercial production.
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- Strategic Mineral Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral, positioning GoldHaven's exploration efforts to significantly bolster its competitiveness in the critical minerals market.
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See More
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- Policy Change Impact: Starting January 1, 2027, new U.S. defense procurement rules will ban Chinese-origin rare earth materials, which will drive demand for domestically sourced rare earths and reduce reliance on market pricing, creating new growth opportunities for companies like REalloys.
- Enhanced Government Support: REalloys has secured a $200 million letter of intent from the U.S. Export-Import Bank and signed an MOU with Japan's Organization for Metals and Energy Security for technology transfer and financing, providing long-term backing for its supply chain development.
- Increased Technological Independence: Through its partnership with the Saskatchewan Research Council, REalloys has developed a processing pathway that does not rely on Chinese technology, with plans to produce 525 tonnes of rare earth metals annually by 2027, positioning itself as the largest source of heavy rare earth oxides outside China.
See More
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See More
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- Export Restrictions Impact: China is limiting tungsten exports to just 15 firms and is expected to cut domestic mine production by approximately 10% by 2027, exacerbating global supply constraints and prompting the U.S. to seek alternative sources for critical minerals.
- Strategic Proposal Submission: Western Star Resources has submitted a tungsten project proposal to the U.S. Defense Industrial Base Consortium, aiming to align with the Department of Defense's critical minerals needs, which is expected to enhance its involvement and growth in the defense sector.
- Financing and Market Promotion: The company has signed a 12-month marketing agreement with Plutus Invest & Consulting GmbH for €200,000 to boost its visibility in the European market, while also planning a $500,000 private placement to support Canadian exploration projects.
See More
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- Surge in Investment: At the 2026 PDAC conference, Western governments committed $12.1 billion through 30 partnerships for new mining projects, reflecting strong demand and confidence in critical mineral resources.
- Global Supply Chain Strain: The latest OECD report indicates that global export restrictions on critical raw materials have reached an all-time high, with supply concentration for cobalt, lithium, and rare earths exceeding 90%, driving capital down the entire Western mineral pipeline from early-stage exploration to commercial production.
- GoldHaven Financing Expansion: GoldHaven Resources announced an upsizing of its non-brokered financing to $1.2 million due to strong investor demand, which will further support its fully funded exploration program at the Magno Project in British Columbia, expected to enhance drilling activities targeting a large-scale, multi-phase mineral system.
- Strategic Mineral Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral, positioning GoldHaven's exploration efforts to significantly bolster its competitiveness in the critical minerals market.
See More
GoldHaven Resources Upsizes Financing to $1.2 Million Amid Strong Demand
- Financing Upsize: GoldHaven Resources has upsized its non-brokered financing to $1.2 million due to strong investor demand, which is expected to further bolster its fully funded 2026 exploration program at the Magno Project in British Columbia, supporting an expanded drill campaign targeting a large-scale, multi-phase mineral system.
- Resource Potential: The Magno project spans over 37,200 hectares and contains silver, tungsten, lead, zinc, and indium, with tungsten classified as a critical mineral and no primary domestic production in Canada, highlighting the project's strategic importance in resource development.
- Geological Assessment: An independent geological review of GoldHaven's Copeçal Gold Project in Brazil confirmed a large-scale, structurally controlled hydrothermal gold system, with a Phase II drill program planned for 2026 to test high-priority structural and geophysical targets, further advancing resource development.
- Market Outlook: The global critical minerals market is projected to nearly double to $715 billion by 2035, with North American investment growing rapidly, positioning GoldHaven Resources favorably to attract more institutional capital to support its mineral development initiatives.
See More
China's Shift in Rare Earth Strategy
- Policy Change: Starting January 1, 2027, updated U.S. defense procurement rules will ban Chinese-origin rare earth materials, meaning the demand for domestically sourced rare earth metals is no longer market-dependent but mandated by law, providing a stable market foundation for REalloys.
- Government Backing: The U.S. Export-Import Bank has issued a $200 million letter of intent to support REalloys' supply chain development, while the Japan Organization for Metals and Energy Security (JOGMEC) has signed an MOU for technology transfer and potential financing, with this support expected to be insulated from price fluctuations.
- Technological Independence: REalloys has developed a processing pathway that does not rely on Chinese technology through its partnership with the Saskatchewan Research Council, utilizing an AI-driven process to produce higher-purity metals more efficiently, significantly reducing dependence on Chinese equipment.
- Supply Chain Integration: REalloys has established an end-to-end supply chain covering all stages from raw feedstock to finished magnets, with expectations to produce 525 tonnes of neodymium-praseodymium metal and 30 tonnes of dysprosium oxide annually by 2027, positioning itself as the largest source of heavy rare earth oxides outside China and enhancing its market competitiveness.
See More
China's Shift in Rare Earth Strategy
- Market Control: China has effectively manipulated global rare earth prices through control of the Asian Metal Index (AMI) over the past two decades, leading to frequent price crashes that thwart Western companies' attempts to establish independent processing capabilities, thereby reinforcing its monopoly.
- Policy Change Impact: Starting January 1, 2027, new U.S. defense procurement rules will ban Chinese-origin rare earth materials, which will drive demand for domestically sourced rare earths and reduce reliance on market pricing, creating new growth opportunities for companies like REalloys.
- Enhanced Government Support: REalloys has secured a $200 million letter of intent from the U.S. Export-Import Bank and signed an MOU with Japan's Organization for Metals and Energy Security for technology transfer and financing, providing long-term backing for its supply chain development.
- Increased Technological Independence: Through its partnership with the Saskatchewan Research Council, REalloys has developed a processing pathway that does not rely on Chinese technology, with plans to produce 525 tonnes of rare earth metals annually by 2027, positioning itself as the largest source of heavy rare earth oxides outside China.
See More
Western Star Resources Positions for Tungsten Project Amid Policy Changes
- Surging Tungsten Prices: Rotterdam ammonium paratungstate (APT) is trading near $3,185 per metric tonne, reflecting a 350% year-to-date increase, driven by China's export restrictions and surging U.S. defense demand, indicating significant profit potential for Western Star Resources in tungsten development.
- Policy-Driven Opportunities: With the U.S. Department of Defense set to ban tungsten from China and other nations by January 2027, Western Star Resources has swiftly submitted a project proposal to the Defense Industrial Base Consortium, aiming to capitalize on this policy window to advance its tungsten assets.
- Investor Relations Agreement: Western Star has signed a 12-month investor relations agreement with Plutus Invest & Consulting GmbH for €200,000, focused on enhancing market awareness in Europe through advertorial marketing, thereby laying the groundwork for future financing and market expansion.
- Private Placement Plan: The company announced a non-brokered private placement of 833,333 flow-through common shares at $0.60 per share, expected to raise $500,000 for Canadian exploration expenses, qualifying for the Critical Mineral Exploration Tax Credit, showcasing its proactive strategy in capital raising and project advancement.
See More
Western Star Resources Positions for Tungsten Market Amid Policy Changes
- Surging Tungsten Prices: Rotterdam ammonium paratungstate (APT) is trading near $3,185 per metric tonne, reflecting a 350% increase year-to-date and a staggering 900% rise over the past 12 months, indicating significant market shifts driven by policy changes and surging U.S. defense demand.
- Export Restrictions Impact: China is limiting tungsten exports to just 15 firms and is expected to cut domestic mine production by approximately 10% by 2027, exacerbating global supply constraints and prompting the U.S. to seek alternative sources for critical minerals.
- Strategic Proposal Submission: Western Star Resources has submitted a tungsten project proposal to the U.S. Defense Industrial Base Consortium, aiming to align with the Department of Defense's critical minerals needs, which is expected to enhance its involvement and growth in the defense sector.
- Financing and Market Promotion: The company has signed a 12-month marketing agreement with Plutus Invest & Consulting GmbH for €200,000 to boost its visibility in the European market, while also planning a $500,000 private placement to support Canadian exploration projects.
See More
