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Lockheed Martin Inks MOU with Critical Minerals Developer for Scandium Oxide

The non-binding deal could supply up to 15 tonnes of scandium oxide a year for fighter aircraft and missiles, NioCorp said.

Summary by Inside Defense
(Editor's Note: This originally appeared in Inside Critical Minerals.) Lockheed Martin and critical minerals developer NioCorp have signed a memorandum of understanding that could yield purchases of up to 15 tons of scandium oxide per year over a decade, NioCorp announced on Tuesday. The Colorado-based NioCorp “plans to produce approximately 100 tonnes/year of scandium oxide from its Nebraska-based Elk Creek Critical Minerals Project, once proje…

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quatrostrategies.ca broke the news on Wednesday, August 5, 2026.
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