Lockheed Martin and NioCorp Sign Scandium Supply MOU for Defense Applications

Key Facts

1Lockheed Martin signed a non-binding MOU with NioCorp for the potential purchase of up to 15 tonnes/year of scandium oxide over 10 years.

In a move reflecting the strategic push to secure domestic U.S. supply chains for critical minerals, Lockheed Martin has entered into a non-binding memorandum of understanding (MOU) with NioCorp Developments Ltd. The agreement outlines the potential purchase of up to 15 tonnes per year of scandium oxide over a 10-year period, sourcing the critical defense material from NioCorp's Elk Creek Project.

This collaboration aims to reduce reliance on foreign sources for essential defense materials by establishing a robust domestic supply infrastructure. Per market data, NioCorp shares (0R3E.L) stood at 581.35 dollars at the close of August 3, 2026, having reached a day high of 589.96 dollars, as the market weighs the impact of securing a major tier-1 defense customer.

Investors should watch for NioCorp's ability to secure final project financing, as the MOU remains non-binding and contingent on capital milestones. With the stock at 581.35 dollars as of the August 3, 2026 close, the day's low of 572 dollars serves as a technical reference point, while the upcoming economic calendar shows no immediate sector-specific catalysts for the week ahead.