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NB

NioCorp Developments Ltd.

https://www.niocorp.com

Industry

Industrial Materials

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in March 2013. NioCorp Developments Ltd. was incorporated in 1987 and is headquartered in Centennial, Colorado.

Open

1.42

Mkt cap

54M

Volume

318K

High

1.46

P/E Ratio

-4.55

52-wk high

4.39

Low

1.39

Div yield

N/A

52-wk low

1.27

NioCorp Developments Ltd. (NASDAQ:NB) has announced a proposed underwritten public offering of common shares and warrants in the US, alongside a private placement. The proceeds will be used for working capital, advancing the Elk Creek Project, and repaying a credit facility. The offering's completion and terms are uncertain.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:22 pm

NioCorp has successfully tested its hydrometallurgical process for producing critical minerals at the Elk Creek Project in Nebraska. This process is intended for recycling post-consumer permanent rare earth magnets.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 11:20 am

NioCorp has established a new $2 million non-revolving credit facility to aid in securing project financing for its critical minerals project in Southeast Nebraska and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 8:52 pm

HC Wainwright & Co. has reiterated its Buy rating on NioCorp Developments, maintaining a price target of $8.5. This suggests confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 10:33 am

NioCorp has filed a $200 million shelf registration statement, allowing the company to issue various types of securities over time. This move is aimed at providing the company with financial flexibility to support its growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:05 pm

NioCorp Developments has announced a $200 million offering of common shares, warrants, and units. The securities may be sold directly or through underwriters and agents. The last reported sale price of NioCorp's common shares on Nasdaq was $2.14 on June 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:15 pm

HC Wainwright & Co. has maintained its Buy rating on NioCorp Developments (NASDAQ:NB) but has lowered the price target from $12 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:24 am

A study suggests that mine electrification and replacing vertical shafts with a Railveyor system could significantly reduce initial CAPEX and OPEX for NioCorp's Elk Creek Critical Minerals Project. This approach could also cut the time to full commercial production by up to 5 months and reduce the mine's carbon footprint.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:03 pm

NioCorp Developments Ltd. (NASDAQ:NB) has received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM) for $800 million in debt financing for the Elk Creek Critical Minerals Project. This step is part of the initial due diligence and loan application process with EXIM, and NioCorp's management is actively working with EXIM to advance the project further.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:17 pm

NioCorp Developments has announced its decision to voluntarily delist its common shares from the Toronto Stock Exchange, as approved by its Board of Directors. This move will likely impact the company's visibility and liquidity in the Canadian market.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:06 am

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