Welcome to our dedicated page for NioCorp Developments Ltd. news (Ticker: NB), a resource for investors and traders seeking the latest updates and insights on NioCorp Developments Ltd. stock.
NioCorp Developments Ltd., trading under the symbol NB on NASDAQ, is spearheading the advancement of North America's highest-grade, large-tonnage, undeveloped niobium project. Located in Elk Creek, Nebraska, NioCorp is dedicated to addressing the global strategic and critical needs for niobium, a key component in the steel, automotive, and aviation industries. The company also aims to produce scandium, titanium, and magnetic rare earth elements, all of which are critical to modern technologies.
The Elk Creek Critical Minerals Project is central to NioCorp's initiatives. This venture is recognized for its exceptional niobium grade and is noted as the second-largest indicated rare earth mineral resource in the United States. Each product from this project is deemed critical by the U.S. Government, emphasizing their importance in clean technologies and the global energy transition. Niobium is crucial for manufacturing high-strength steel used in infrastructure, pipelines, fuel-efficient vehicles, and various other applications.
Noteworthy recent developments include the issuance and sale of 75,000 shares as part of a Standby Equity Purchase Agreement on February 29, 2024. This activity underscores NioCorp’s strategic financial management to support its ambitious projects. Additionally, on May 6, 2024, NioCorp received a preliminary funding term sheet from the Export-Import Bank of the United States (EXIM) for $800 million in debt financing, marking significant progress in securing the necessary capital for the Elk Creek Project.
In a bid to further bolster its strategic initiatives, NioCorp has engaged JPMorgan Chase Bank to assist in advancing the EXIM-supported debt financing for the Elk Creek Project. This collaboration aims to expedite project financing and kickstart construction quickly.
Beyond mining, NioCorp is exploring the feasibility of recycling post-consumer neodymium-iron-boron permanent rare earth magnets. If viable, this recycling initiative could significantly expand NioCorp's production capabilities for rare earth elements like neodymium, praseodymium, terbium, and dysprosium, vital for defense and civilian applications.
CEO Mark A. Smith has been vocal about the geopolitical risks associated with critical minerals, emphasizing the need for U.S. self-sufficiency in this sector. At a recent high-profile conference in Washington, D.C., Smith highlighted the dangers of U.S. dependency on foreign critical minerals and advocated for accelerated domestic development.
Technological advancements are also on the horizon for NioCorp, with a scoping study suggesting that the Railveyor™ system could significantly reduce initial CAPEX and OPEX for the Elk Creek Mine. This innovative approach could accelerate the timeline to full commercial production by approximately five months, underscoring NioCorp’s commitment to efficiency and sustainability.
Through strategic partnerships, innovative projects, and a focus on critical minerals, NioCorp Developments Ltd. is poised to play a pivotal role in the future of clean technologies and the global energy transition.
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.
NioCorp Developments (NASDAQ:NB) has announced that CEO Mark A. Smith will participate in the 2025 Mining Conference: Mining & Supplying Critical Minerals & Precious Metals on January 16, 2025. The event, presented by Maxim Group , will feature Smith in a virtual conversation with Tate Sullivan, Senior Research Analyst at Maxim Group.
The discussion, scheduled for 12 Noon Eastern, will focus on NioCorp's Elk Creek Critical Minerals Project and broader trends in minerals development and global supply chains. The virtual event requires pre-registration through Maxim's platform.
Notably, Maxim Group initiated equity research coverage of NioCorp on January 8, 2025, with a buy rating. The coverage report is available exclusively to Maxim clients.
NioCorp Developments (NASDAQ:NB) has announced its 2024 Annual General Meeting (AGM) will be held on March 13, 2025, at 10:00 AM Mountain time in Centennial, Colorado. Shareholders of record as of January 27, 2025, can vote either by proxy or at the meeting. Proxy voting deadlines are set for March 11, 2025, at 10:00 AM Mountain time. The company will release its Notice of Meeting, Management Information and Proxy Circular, proxy forms, and 2024 Annual Report by February 3rd, 2025.
NioCorp has completed a private placement raising approximately $3.5 million through the issuance of 2,199,602 units at $1.57 per unit. The units include common shares, Series A warrants exercisable at $1.75 until November 2026, and Series B warrants exercisable at $2.07 until November 2029. Company officers and directors participated, subscribing for 239,999 units at $1.7675 per unit, contributing approximately $0.42 million. The proceeds will be used for working capital, advancing the Elk Creek Project in Nebraska, and repaying a $2.0 million credit facility from CEO Mark Smith.
NioCorp Developments (NASDAQ:NB) has announced its participation in the 121 Mining Investment Conference in London on November 14-15, 2024. Executive Chairman and CEO Mark Smith, along with COO Scott Honan, will present the company's development plans for the Elk Creek Critical Minerals Project to various investment stakeholders, including institutional funds, portfolio managers, analysts, private equity groups, and family offices.
NioCorp Developments (NASDAQ:NB) released preliminary financial results for Q3 2024, reporting a loss of $2.1 million ($0.05 per share), showing improvement from the $3.2 million loss ($0.09 per share) in Q3 2023. The company plans to file its unaudited interim condensed consolidated financial statements in its Quarterly Report on Form 10-Q by November 14, 2024. These preliminary results are subject to change and adjustment during the preparation of the final financial statements.
NioCorp Developments (NASDAQ:NB) announced the closing of its underwritten public offering, raising approximately $2.5 million before expenses. The offering included 1,592,356 common shares, each sold with one Series A Warrant and half of one Series B Warrant at $1.57 per combined unit. Series A Warrants have a $1.75 exercise price with 2-year expiration, while Series B Warrants have a $2.07 exercise price with 5-year expiration. The company plans a concurrent private placement to raise additional funds, targeting approximately $6.0 million total. Proceeds will support working capital, advance the Elk Creek Project construction, and repay the Smith Credit Facility.
NioCorp Developments (NASDAQ:NB) has announced the pricing of a combined $6.0 million offering, consisting of a $2.5 million public offering and a $3.5 million private placement. The public offering includes 1,592,356 common shares with Series A and B warrants, priced at $1.57 per combined unit. The private placement comprises 2,199,888 common shares with similar warrant structures. Series A warrants have a $1.75 exercise price with 2-year expiration, while Series B warrants have a $2.07 exercise price with 5-year expiration. Proceeds will support the Elk Creek Project construction and repay a $2.0 million credit facility.
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