Rare earth minerals company NioCorp is collaborating with defense giant Lockheed Martin to advance a scandium and aluminum alloy technology. The partnership aims to innovate military equipment under a Pentagon-backed initiative. In August, the Department of Defense awarded NioCorp $10 million to fund the development of a mine in Nebraska, which will focus on scandium extraction. Lockheed Martin, well-known for its pivotal role in supplying advanced fighter jets and weapons to the U.S. military, will play a crucial part in integrating these new materials.

This collaboration exemplifies the Pentagon's commitment to utilizing advanced materials for defense purposes. Scandium, a vital component among the 17 rare earth elements, is used to strengthen lightweight metals, making them ideal for m

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