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Is NioCorp Developments Ltd. (NB) One of the Best Metal Stocks to Buy Right Now?

NioCorp Developments Ltd. (NASDAQ:NB) is one of the best metal stocks to buy right now. On December 22, the company’s board approved the Mine Portal Project, paving the way for the development of the Elk Creek Critical Minerals Project.

The approval paves the way for the establishment of the main entrances to the Elk Creek project’s underground mine, which is expected to serve as the access point for personnel, equipment, and materials. Work is to begin in the first quarter and is likely to result in a capital cost of about $44.6 million.

“Approval of the Portal Project is a significant milestone for NioCorp,” said Mark A. Smith, CEO and Chairman of NioCorp. “This initiative allows us to advance one of the critical path schedule items for the project as we continue working toward securing the remaining financing needed for the Elk Creek Project. We greatly appreciate the strong support shown by Nebraskans and our project partners as we continue advancing.”

Meanwhile, on December 8, H.C. Wainwright reiterated a Buy rating and increased the price target to $9.50 from $8.25. The Buy rating comes on the company completing an $8.4 million acquisition of FEA Materials LLC, which will bolster its ability to produce aluminum scandium master alloy in the US.

Earlier on December 4, NioCorp Developments Ltd. announced it had acquired the manufacturing assets and intellectual property of Massachusetts-based FEA Materials LLC, a move that will support U.S. production of aluminum-scandium master alloy as demand rises. Once its Nebraska mine and processing facility are funded and operational, the deal positions NioCorp to build the nation’s first fully integrated scandium supply chain, spanning mining, oxide production, and alloy manufacturing for defense and commercial markets.

NioCorp Developments Ltd. (NASDAQ:NB) is a U.S. mineral Development Company focused on bringing the Elk Creek Project in Nebraska online to mine crucial materials Niobium, Scandium, and Titanium, along with potential Rare Earth Elements (REEs).

While we acknowledge the potential of NB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NB and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Penny Stocks to Buy for 2026 and 11 Best Fertilizer Stocks to Invest In.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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