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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.

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HC Wainwright & Co. analyst Heiko Ihle maintains a 'Buy' rating on NioCorp Developments (NASDAQ:NB) but lowers the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 10:43 am

NioCorp Developments Ltd has filed a non-timely 10-K with the SEC, anticipating a net loss attributable to the company for the fiscal year of $39.5M or $(1.32) per share.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:36 pm

NioCorp Developments Ltd. plans to produce aluminum-scandium master alloy product from mining and upgrade facilities in the U.S. The product could enable commercial and defense manufacturers to replace select existing aluminum parts in vehicles, offering high-strength, corrosion-resistant, weldable alternatives to existing aluminum options. The project is subject to receipt of project financing and consummation of mining operations at the Elk Creek Project.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:23 am

HC Wainwright & Co. analyst Heiko Ihle has reiterated a 'Buy' rating on NioCorp Developments (NASDAQ:NB) and maintained a $13 price target.

Portfolio Pulse from richadhand@benzinga.com

August 29, 2023 | 10:15 am

During Friday's session, 59 companies set new 52-week lows. The largest firm by market cap to set a new low was Bristol-Myers Squibb (NYSE:BMY), while the smallest was BitNile Metaverse (NASDAQ:BNMV). Tonix Pharmaceuticals (NASDAQ:TNXP) saw the largest move with shares plummeting 38.2%. ClearPoint Neuro (NASDAQ:CLPT)'s stock bounced back the most, rising 0.0% after reaching its new low.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 4:36 pm

On Thursday, 56 stocks hit new 52-week lows. The largest company to set a new low was Bristol-Myers Squibb (NYSE:BMY), while the smallest was American Rebel Holdings (NASDAQ:AREB). View (NASDAQ:VIEW) saw a significant drop, trading down 5230.71% to reach a new low. CBL International (NASDAQ:BANL) saw the sharpest rebound, with shares ascending 0.09% after hitting a new low.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 4:17 pm

During Thursday's session, 40 stocks hit new 52-week lows. The largest company by market cap to set a new 52-week low was Crown Castle (NYSE:CCI), while the smallest was Ucommune International (NASDAQ:UK). Vir Biotechnology (NASDAQ:VIR)'s stock fell the most, down 44.38%, while Yunji (NASDAQ:YJ)'s stock rebounded the most, trading up 0.0% after dropping to a new 52-week low.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:01 pm

Stellantis NV (STLA) and NioCorp Developments Ltd (NB) have signed a Rare Earth Offtake Term Sheet to enter into a definitive rare earth supply agreement. This move supports Stellantis' commitment to build resilient supply chains and reach carbon net zero by 2038. The collaboration will also boost NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. The term sheet also anticipates a possible strategic investment by Stellantis in NioCorp's Elk Creek critical minerals project.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 5:34 pm

Stellantis and NioCorp have signed a Rare Earth Offtake Term Sheet, aiming to enter into a definitive rare earth supply agreement. This is in support of Stellantis' commitment to reach carbon net zero by 2038 and to accelerate NioCorp's path to commercial production of magnetic rare earth oxides in the U.S. The term sheet also envisions a possible strategic investment by Stellantis in NioCorp's Elk Creek Critical Minerals Project.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:33 pm

HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on NioCorp Developments (NASDAQ:NB) but lowers the price target from $14 to $13.

Portfolio Pulse from richadhand@benzinga.com

June 08, 2023 | 10:42 am

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