Niocorp Developm Stock Price, News & Analysis

NioCorp Developments Ltd. (Nasdaq:NB) has finalized a deal with Kingdon Capital Management for a registered direct offering of 314,465 common shares at $6.36 per share, totaling approximately US$2.0 million in gross proceeds. The offering is set to close on April 28, 2023, pending standard closing conditions, including TSX listing approval. Proceeds will be utilized for working capital and advancing the Elk Creek Project towards commercial operation. This sale is part of a previously filed shelf registration statement with the SEC, effective as of November 16, 2021. The offering will not be available to Canadian purchasers. For further details, a prospectus will be filed with the SEC and available online.

NioCorp Developments has achieved a significant breakthrough in niobium and titanium processing at L3 Process Developments' plant in Quebec. This new process could yield higher-purity products, opening potential new markets for the Elk Creek Critical Minerals Project. Enhanced recoveries could lower operating and capital costs, with an updated feasibility study expected later this year. The project may also recover rare earth elements, crucial for U.S. technology needs. With U.S. reliance on foreign imports for these minerals, the advancements aim to enhance domestic supply chains and reduce vulnerabilities.

NioCorp Developments Ltd. will ring the Nasdaq opening bell on Thursday, March 30, 2023, at 9:30 a.m. The event will feature CEO Mark A. Smith along with other key executives and board members. NioCorp's stock began trading on Nasdaq under the ticker symbol NB on March 21, 2023. The company is focused on developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. Additionally, NioCorp is evaluating the potential to produce rare earth byproducts from its operations.

NioCorp Developments Ltd. announced that its stock began trading on the Nasdaq under the ticker symbol NB on March 21, 2023. This listing enhances visibility for both institutional and retail investors, especially regarding the Elk Creek Critical Minerals Project. Shareholders from the OTCQX Exchange can now trade on Nasdaq, and those from the TSX will continue trading there. As part of the transition, NioCorp executed a reverse stock split of 1-for-10, adjusting share prices accordingly. The company focuses on producing niobium, scandium, and titanium, with potential for rare earths, aiming to meet critical minerals demand.

NioCorp Developments Ltd. has completed its business combination with GX Acquisition Corp. II, transforming GXII into a subsidiary named Elk Creek Resources Corp. Following the merger, NioCorp issued over 1.7 million common shares and assumed share purchase warrants. NioCorp also closed a $15.36 million convertible debt financing with Yorkville Advisors, receiving a total of about $71.9 million in net proceeds from this and other financing arrangements over the next three years. The company will see its common shares trade on Nasdaq starting March 21, 2023, while a reverse stock split was executed, consolidating shares on a 1-for-10 basis.

NioCorp Developments Ltd. (TSX:NB, OTCQX:NIOBF) has exercised an option-to-purchase agreement for a significant land parcel integral to its Elk Creek Superalloy Materials Project in southeast Nebraska. The acquisition will grant NioCorp ownership of the surface land and mineral rights to over 90% of the Project's mineral resources and reserves. This step is crucial as it facilitates the next phase of project financing and operational setup once sufficient funds are secured.