NioCorp Developments Ltd. (TSX:NB, OTCQX:NIOBF) CEO and executive chairman Mark Smith says the recent passage of the Inflation Reduction Act of 2022 (IRA), as well as state-specific legislation, has resulted in increased interest from the automotive sector for the critical minerals and rare earth elements the company plans to produce from its Elk Creek project in Southeast Nebraska.
Smith told Proactive that other states are also likely to follow California’s example of banning the sale of new internal combustion engine cars by 2035.
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