Niocorp Developm Stock Price, News & Analysis

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.

China has intensified export restrictions on critical minerals essential for defense and commercial technologies, according to NioCorp (NASDAQ:NB) CEO Mark Smith. The latest restrictions, announced February 4, 2025, affect tungsten, tellurium, bismuth, molybdenum, and indium, following December 2024's ban on gallium and germanium exports.

China's Ministry of Commerce has also added 28 U.S. defense companies to its Export Control List, restricting their access to dual-use technologies. The move affects major contractors including Raytheon, General Dynamics, and Boeing.

NioCorp is developing the Elk Creek Critical Minerals Project in Nebraska to produce defense-critical minerals including niobium, scandium, titanium, and rare earths, aiming to reduce U.S. dependence on foreign suppliers.

NioCorp Developments (NASDAQ:NB) announced that the U.S. Export-Import Bank (EXIM) is advancing the company's application for project financing of its Elk Creek Critical Minerals Project in Nebraska to an independent Technical Review. This represents EXIM's second level of project due diligence.

EXIM has selected RPMGlobal USA to conduct the technical review, with NioCorp executing a professional services agreement for this purpose. The project previously passed EXIM's first level of due diligence (TRC-1) in October 2023. The current TRC-2 review also includes an environmental assessment, which is progressing toward independent reviewer selection.

Following any TRC-2 approval, the application will undergo a third-level review (TRC-3) before final consideration by EXIM's Board of Directors. EXIM provided NioCorp with a preliminary indicative term sheet for possible financing in April 2024, with JPMorgan Chase Bank assisting in seeking EXIM-supported debt financing.

NioCorp Developments (NASDAQ:NB) has completed its previously announced underwritten offering, raising $5.0 million in gross proceeds. The offering consisted of 2,577,320 common shares, each sold with one Series A Warrant and one-half Series B Warrant at $1.94 per combined unit.

The Series A Warrants have an exercise price of $1.98 and expire in 30 months, while Series B Warrants are priced at $2.05 and expire in 4 years. Maxim Group served as the sole book-running manager.

The company plans to use the net proceeds to repay a portion of unsecured notes issued in April 2024 and for working capital, including advancing the construction of its Elk Creek Project in Southeast Nebraska.

NioCorp Developments (NASDAQ:NB) has announced the pricing of an underwritten offering to raise $5.0 million in gross proceeds. The offering includes 2,577,320 common shares, each sold with one Series A Warrant and one-half Series B Warrant at $1.94 per combined unit.

The Series A Warrants have an exercise price of $1.98 and expire in 30 months, while Series B Warrants are priced at $2.05 and expire in 4 years. Both warrant series are immediately exercisable. Maxim Group is the sole book-running manager.

The company plans to use the net proceeds to repay part of its unsecured notes from April 2024 and for working capital, including advancing the construction of its Elk Creek Project in Southeast Nebraska. The offering is expected to close around January 31, 2025, subject to customary conditions.

NioCorp Developments (NASDAQ:NB) CEO Mark A. Smith published an op-ed on Fox News urging President-Elect Trump to initiate a new era of U.S. critical minerals development, dubbed 'Mine, Baby, Mine.' The initiative aims to reduce U.S. dependence on BRICS nations for military-essential minerals.

The op-ed highlights China's recent addition of 28 U.S. defense industry companies to its export control list, potentially affecting critical materials supply. Smith warns that restrictions on critical minerals exports could impact military capabilities, including F-35 operations and smart bomb functionality.

Smith proposed several initiatives including: providing low-interest loans to permitted mines, expanding Department of Defense funding authority, accelerating EXIM Bank financing for domestic projects, 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 a change in its 2024 Annual General Meeting (AGM) date to March 20, 2025, from the previously scheduled March 13, 2025. The meeting will take place at 10:00 AM Mountain time in Centennial, Colorado.

Shareholders of record as of January 27, 2025, can vote on AGM proposals either by proxy or at the meeting. Proxy votes must be submitted to Computershare Investor Services Inc. no later than 10:00 a.m. Mountain time on March 18, 2025. The company will release the Notice of Meeting, Management Information and Proxy Circular, proxy forms, and 2024 Annual Report by February 3rd, 2025.

NioCorp (NASDAQ:NB) has released preliminary financial results for Q4 2024 and H2 2024. The company reported a reduced quarterly loss of $0.5 million ($0.01 per share) for the quarter ended December 31, 2024, compared to a loss of $3.3 million ($0.09 per share) in the same period of 2023.

For the six-month period ended December 31, 2024, NioCorp posted a loss of $2.6 million ($0.06 per share), an improvement from the $6.5 million loss ($0.18 per share) reported in the comparable period of 2023. The company plans to file its unaudited interim condensed consolidated financial statements in its Quarterly Report on Form 10-Q by February 14, 2025.