**Lockheed Martin and NioCorp to Develop Scandium-Based Defense Technology**
*October 23, 2025 | 7:14 AM ET*
NioCorp Developments Ltd. announced a strategic agreement with Lockheed Martin to collaborate on the development of scandium-based defense technology. Following the news, NioCorp’s shares rose by 3.9% in pre-market trading on Thursday.
This partnership highlights the growing importance of scandium, a rare earth element, in advanced defense applications. The collaboration aims to leverage NioCorp’s expertise in scandium extraction and Lockheed Martin’s technological capabilities to create innovative defense solutions.
**Related Stocks**
– NioCorp Developments Ltd. (Symbol: NB)
Stay tuned for more updates and in-depth analysis on this developing story.
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