Niocorp Developm Stock Price, News & Analysis

NioCorp Developments (NASDAQ:NB) has successfully closed its underwritten public offering in the United States, raising total gross proceeds of approximately $20.8 million. The offering included 7,692,308 common shares priced at $2.60 per share, generating $20.0 million, plus an additional $0.8 million from the partial exercise of the underwriter's over-allotment option for 323,504 shares.

Maxim Group served as the sole book-running manager and underwriter for the offering, which was conducted under an effective shelf registration statement on Form S-3. The offering excluded Canadian purchasers and was made available to investors in the United States and other jurisdictions outside Canada.

NioCorp Developments (NASDAQ:NB) has announced the pricing of its underwritten public offering of 7,692,308 common shares at $2.60 per share, aiming to raise $20.0 million in gross proceeds before deducting underwriting costs and expenses.

The offering includes pre-funded warrants as an alternative to common shares, and grants the underwriter a 30-day over-allotment option to purchase up to an additional 15% of the initial common shares. Maxim Group serves as the sole book-running manager and underwriter.

The offering is expected to close around April 21, 2025, subject to customary closing conditions. It is being conducted under an effective shelf registration statement on Form S-3, with no securities being offered to Canadian purchasers.

NioCorp Developments (NASDAQ:NB) CEO Mark A. Smith is scheduled to appear on Fox Business Network's 'Mornings with Maria' show on Wednesday, April 16, 2025, at 8:30 a.m. Eastern. The interview will focus on China's recent export restrictions on heavy rare earths and critical minerals to the U.S. and allied nations.

Smith, who previously experienced China's 2010 rare earth export restrictions as CEO of Molycorp, is currently leading the development of the Elk Creek Critical Minerals Project in Nebraska. This project aims to produce both light and heavy rare earth elements, along with critical minerals niobium, scandium, and titanium.

The facility plans to include an integrated underground mine and processing facility capable of producing purified and separated rare earths. Additionally, it will have the capability to process rare earth carbonates and concentrates from other U.S. and overseas mines.

NioCorp (NASDAQ:NB) has released preliminary financial results for Q3 and the first nine months of fiscal 2025. The company reported a quarterly loss of $5.4 million ($0.11 per share) for the period ending March 31, 2025, compared to a loss of $4.2 million ($0.11 per share) in the same quarter last year.

For the nine-month period, NioCorp posted a loss of $8.0 million ($0.17 per share), showing improvement from the $11.0 million loss ($0.29 per share) reported in the comparable period of 2024. The company plans to file its unaudited interim condensed consolidated financial statements in its Form 10-Q by May 15, 2025.

China has announced new export restrictions on strategic rare earth elements, targeting critical minerals essential for U.S. defense systems and various industrial sectors. The restricted elements include samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium.

NioCorp (NASDAQ:NB) Executive Chairman and CEO Mark A. Smith warns that this move represents a significant threat to U.S. national security, particularly affecting Pentagon supply chains for advanced weapons systems, including stealth fighters, precision-guided munitions, satellites, and hypersonic weapons.

The restrictions, announced by China's Ministry of Commerce and General Administration of Customs, cover metals, alloys, oxides, compounds, and related products. NioCorp is developing a critical minerals project in Nebraska that aims to produce these restricted rare earths, along with niobium, titanium, and scandium.

NioCorp Developments (NASDAQ:NB) has responded positively to President Trump's new Executive Order aimed at boosting U.S. critical minerals production and reducing dependence on BRICS nations. The order, titled 'Immediate Measures to Increase American Mineral Production,' is expected to accelerate mining and processing of critical minerals in the U.S.

NioCorp's Elk Creek Critical Minerals Project in Nebraska, which plans to produce niobium, scandium, titanium, and magnetic rare earth oxides, is positioned to benefit from this initiative. The company is currently working with the U.S. Export-Import Bank to secure up to $800 million in potential debt financing through the 'Make More in America' initiative, having already passed the first of three due diligence reviews.

Additionally, NioCorp is in discussions with the U.S. Department of Defense for potential grant funding of up to $10 million to advance the Elk Creek Project. The company has already obtained all necessary government permits for construction, though project financing remains pending.

NioCorp Developments (NASDAQ:NB) held its Annual General Meeting (AGM) on March 20, 2025, in Denver, CO. During the meeting, shareholders elected seven directors to serve until the next annual meeting or until their successors are appointed.

Shareholders also approved two additional measures: the appointment of Deloitte & Touche LLP as the company's auditors and a non-binding advisory vote approving the compensation of NioCorp's named executive officers.

NioCorp Developments (NASDAQ:NB) welcomes President Trump's announcement of 'historic' actions to expand critical minerals and rare earth elements production in the United States. The company's Elk Creek Critical Minerals Project in Nebraska, which is fully permitted for construction, aims to produce niobium, scandium, titanium, and rare earths.

The initiative targets reducing U.S. dependence on foreign nations, particularly China and other BRICS countries, for these critical minerals. Currently, the U.S. is 100% dependent on imports for niobium and scandium, with significant reliance on foreign sources for titanium and rare earth oxides.

NioCorp and GreenMet have proposed several measures to the Trump Administration, including: providing low-interest loans to permitted mines, expanding Department of Defense funding authority, accelerating EXIM Bank financing, streamlining federal permitting processes, and setting reasonable litigation timelines to reduce the current 29-year average timeline for mine development in the U.S.

NioCorp Developments (NASDAQ:NB) has announced the complete satisfaction of all remaining obligations under its $8 million unsecured notes issued on April 12, 2024. The notes were originally issued to YA II PN, (Yorkville) and Lind Global Fund II LP, with the purchasers advancing $6.96 million to NioCorp in exchange for $8 million in notes and warrants to purchase up to 615,385 common shares.

With this final payment, NioCorp has cleared its balance sheet of all long-term debt. The company's CEO, Mark A. Smith, expressed satisfaction with the debt clearance and indicated that NioCorp will now focus on securing project financing for the construction of its Elk Creek Critical Minerals Project in Nebraska.