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NioCorp and Lockheed Martin sign a memorandum on potential long-term scandium supply
The Apex Times

THE APEX TIMES

Business/The Apex Times/Aug 5, 11:29 AM EDT

NioCorp and Lockheed Martin sign a memorandum on potential long-term scandium supply

The nonbinding agreement aims to position a future U.S.-based scandium supply chain, aligning materials development with defense-adjacent manufacturing needs.

By The Apex Times Newsroom2 min readAI-assisted Apex article

NioCorp has entered a memorandum of understanding with Lockheed Martin exploring the possibility of a long-term supply of scandium, according to a market report published August 5, 2026.

The arrangement is described as a potential framework rather than a finalized commercial deal. A memorandum of understanding typically outlines preliminary terms or an intent to negotiate further, but it does not, by itself, guarantee deliveries, pricing, or project timelines.

The report says the discussions could support development of a domestic U.S. scandium supply. For Lockheed Martin, which operates across aerospace and defense programs, the goal would be to reduce uncertainty around access to specialty materials that can be difficult to source consistently.

Lockheed Martin is the parent company for a broad portfolio of defense and aerospace work, and materials supply planning is closely tied to program schedules and production constraints. In that context, a long-duration sourcing conversation like this can be an early step in aligning downstream needs with upstream development.

NioCorp, a company focused on bringing scandium production to scale, would benefit from credible offtake discussions that can strengthen project planning and financing prospects. Even when an agreement is nonbinding, it can announcement that a potential end user is monitoring supply options.

The post did not provide details on the expected contract size, start date, facility locations, delivery quantities, or whether any binding purchase agreement is planned. It also did not disclose whether the memorandum covers both U.S. production and specific customer qualification processes.

It was also not clear from the report whether Lockheed Martin will use the material in a particular program or whether the discussions are meant to cover a broader range of manufacturing and supply requirements over time.

Next, investors and defense-industry watchers will want to see whether the memorandum progresses into a binding supply agreement, along with any additional disclosure on quantities, timing, and how any domestic production goal is being structured.

Why It Matters

  • Specialty-material supply planning can affect program schedules, particularly when supply is constrained or dependent on a limited number of producers.
  • A potential long-term framework can help upstream developers like NioCorp reduce uncertainty around future demand.
  • If the memorandum advances, it could announcement greater industry focus on building domestic sourcing capacity for nonstandard inputs.
  • The lack of disclosed terms means the timeline and commercial impact remain uncertain until further filings or agreements are announced.

Sources

Key Facts

  • NioCorp signed a memorandum of understanding with Lockheed Martin covering potential long-term scandium supply.
  • The agreement is presented as a framework for future negotiations rather than a completed contract.
  • The memorandum is described as supporting development of a domestic U.S. scandium supply.
  • The market report did not include contract terms such as quantities, pricing, or delivery schedules.
  • No specific Lockheed Martin program or application for scandium was identified in the published post.

Defense Related

NioCorp and Lockheed Martin sign a memorandum on potential long-term scandium supply | The Apex Times