Welcome to our dedicated page for Niocorp Developm news (Ticker: NB), a resource for investors and traders seeking the latest updates and insights on Niocorp Developm stock.
NioCorp Developments Ltd. (NASDAQ: NB) generates a steady flow of company news centered on the advancement of its Elk Creek Critical Minerals Project in southeast Nebraska. This news page aggregates updates on how the development‑stage company is working to move the project from feasibility and pre‑construction activities toward potential construction and commercial operation, subject to financing and regulatory milestones.
Recent NioCorp news has highlighted progress across project financing efforts, including equity raises through registered offerings of common shares and pre‑funded warrants, as well as ongoing engagement with the Export‑Import Bank of the United States on a potential debt financing package. The company also reports on federal support, such as a Project Sub‑Agreement with Advanced Technology International under the authority of the U.S. Department of Defense, which may reimburse up to approximately $10 million of specified Elk Creek Project costs upon achieving defined milestones.
Investors following NB news will find detailed coverage of technical and pre‑construction work at Elk Creek, including in‑fill drilling campaigns, feasibility study‑level engineering, updated mineral resource and reserve work, and Board approval of a Mine Portal Project to establish the main underground mine access. NioCorp’s releases also describe land acquisitions in Johnson County, Nebraska, that secure a full square mile of land for the planned underground mine and integrated surface processing facility.
Another recurring theme in NioCorp’s news is its role in the U.S. critical minerals and supply chain discussion. Company updates often reference the strategic importance of niobium, scandium, titanium, and magnetic rare earth elements, participation in conferences focused on national security and critical materials, and town hall events in Nebraska attended by local residents and government officials. Bookmark this page to review NioCorp’s latest press releases, project milestones, financing developments, and regulatory disclosures in one place.
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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.
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