CENTENNIAL, Colo – NioCorp Developments is joining major automobile manufacturers and other U.S. companies to urge the federal government to extend tax credits to the mining of minerals.

In a letter to the U.S. Treasury Secretary Janet Yellen, NioCorp joined Tesla, General Motors and the Zero Emission Transportation Association urging the tax credits available for the processing of critical minerals needed for electric vehicles to be extended to mining as well.

NioCorp’s Executive Chairman Mark Smith said mining of critical minerals is a matter of national security.

Smith: “"If we want to reduce America's dangerous over-reliance on foreign nations for the critical minerals that enable our clean energy future and bolster our national defense, we need to promote both the mining and downstream processing of critical minerals here in America.  That is how we re-establish fully integrated domestic supply chains and create a new generation of high-skill jobs.  Without mining here at home to feed American value-added processing, these domestic supply chains can evaporate very quickly by the whims of foreign governments that want to undercut America’s global leadership and weaken our national defenses."
NioCorp, which proposes a mining operation in Johnson County, says Congress created the 45X tax credit to stimulate domestic production of critical minerals and reduce the country’s reliance on imported minerals.

In addition to NioCorp, the companies and industry trade associations signing the letter included the following: 

  • Alaska Miners Association
  • American Critical Minerals Association
  • American Exploration & Mining Association
  • American Lithium Corp.
  • American Rare Earths Ltd.
  • Arizona Mining Association
  • Battery Materials & Technology Coalition (BMTC)
  • Coeur Mining
  • Colorado Mining Association
  • First Mode
  • General Motors
  • GraphiteOne
  • Hecla Mining
  • Idaho Mining Association
  • Ioneer USA
  • Jervois, Liebherr
  • Lithium Americas
  • Lundin Mining – Eagle Mine
  • Materion Natural Resources
  • Metallic Minerals Corporation
  • Mining Minnesota
  • Montana Mining Association
  • MP Materials
  • National Mining Association (NMA)
  • Nevada Battery Coalition
  • Nevada Mining Association
  • NewRange Copper Nickel
  • Nyrstar
  • Perpetua Resources
  • Piedmont Lithium
  • Ramaco Resources
  • Rio Tinto
  • Sibanye Stillwater
  • Society for Mining
  • Metallurgy, and Exploration
  • South32
  • Talon Metals
  • Teck Resources
  • TerraVolta
  • Tesla
  • The Women’s Mining Coalition
  • S. Battery Machine Builders Coalition
  • USA Rare Earth, LLC.
  • Utah Mining Association
  • Zero Emission Transportation Association (ZETA)