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NioCorp Developments Ltd. - NB STOCK NEWS

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.

News

NioCorp to Voluntarily Delist from the TSX in Favor of its Current Nasdaq Listing

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NioCorp Developments announces the voluntary delisting of its common shares from the Toronto Stock Exchange in favor of its Nasdaq listing. The decision was made due to the majority of trading volume occurring on the Nasdaq, making the TSX listing less beneficial. Shareholders can continue trading on the Nasdaq under the symbol 'NB'.
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NioCorp Announces Closing of Financing Agreement

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NioCorp Developments announces the closing of a private placement of US$8 million aggregate principal amount of unsecured notes. The company issued warrants to purchase common shares as part of the deal. The private placement was conducted in accordance with TSX regulations and the Securities Act of 1933. The proceeds will be used for general working capital purposes. The notes will mature on December 31, 2024, and holders can convert them into common shares. The company also entered into a registration rights agreement with Yorkville for the resale of the underlying shares.
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NioCorp Completes Issuance and Sale of 85,000 Shares under the Standby Equity Purchase Agreement

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NioCorp Developments issued and sold 85,000 common shares at a purchase price of $2.6638 per share, reflecting 97% of the average volume-weighted average price on Nasdaq. The shares were sold pursuant to a Standby Equity Purchase Agreement, exempt from registration under the Securities Act of 1933. No offer or solicitation is made in this communication.
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NioCorp Delivers Advance Notice under the Standby Equity Purchase Agreement

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NioCorp Developments Ltd. announced the request to purchase 85,000 shares through a Standby Equity Purchase Agreement. The shares will be issued at 97% of the daily volume-weighted average price on Nasdaq. The company anticipates the sale to close soon.
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NioCorp Completes Issuance and Sale of 82,500 Shares under the Standby Equity Purchase Agreement

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NioCorp Developments Ltd. issues and sells 82,500 Advance Shares at $2.5472 per share under the Standby Equity Purchase Agreement. The shares were sold at 97% of the average volume-weighted average price on Nasdaq, following an exemption from registration requirements.
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NioCorp: China's Critical Minerals Leverage Over the U.S. is at Dangerous Levels

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NioCorp Developments Ltd. CEO Mark A. Smith addresses China's critical minerals leverage over the U.S. and urges increased U.S. critical mineral development. The company's Elk Creek Critical Minerals Project is highlighted at a high-profile conference in Washington, D.C. on March 12-13, 2024. NioCorp is seeking up to $800 million in debt financing from the Export-Import Bank of the U.S. for the Elk Creek Project. Mr. Smith emphasizes the importance of government support for domestic mining and notes the rapid growth of EV sales in the automotive industry.
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NioCorp Delivers Advance Notice under the Standby Equity Purchase Agreement

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NioCorp Developments Ltd. announced the request to purchase 82,500 common shares through a Standby Equity Purchase Agreement. The shares will be issued at 97% of the daily volume-weighted average price on Nasdaq.
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NioCorp Completes Issuance and Sale of 75,000 Shares under the Standby Equity Purchase Agreement

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NioCorp Developments Ltd. issues and sells 75,000 Advance Shares at $2.2714 per share, reflecting 97% of the average volume-weighted average price on Nasdaq. The shares were issued upon settlement of the Advance Notice pursuant to the Standby Equity Purchase Agreement.
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NioCorp Delivers Advance Notice under the Standby Equity Purchase Agreement

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NioCorp Developments Ltd. announced the issuance of 75,000 common shares under a Standby Equity Purchase Agreement at a purchase price of 97% of the daily volume-weighted average price on Nasdaq. The transaction is subject to certain conditions and is expected to close soon.
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NioCorp Joins With Major Automotive Manufacturers, Mining Companies and Electric Vehicle Battery Companies To Urge Action by Biden Administration on Mining Tax Incentive

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NioCorp Developments Ltd. has joined forces with major automotive manufacturers, mining companies, and electric vehicle battery companies to urge the Biden Administration to allow a 10% tax credit to apply to both mineral extraction and mineral processing in the U.S. The joint letter, signed by NioCorp and 45 other companies and associations, including Tesla, General Motors, and the Zero Emission Transportation Association, emphasized the importance of extending the 45X Tax Credit to the cost of mining the minerals, as well as processing. The 45X Tax Credit was enacted with support from both political parties as part of the Inflation Reduction Act of 2022. The letter highlighted concerns about the proposed guidance that only critical mineral production costs eligible to be counted toward the production tax credit are the downstream value-added activities that include chemical conversion and purification, excluding a tax credit for the costs of domestic extraction of critical minerals. NioCorp's Executive Chairman and CEO, Mark A. Smith, emphasized the need to promote both the mining and downstream processing of critical minerals in America to reduce the country's over-reliance on foreign nations and create new high-skill jobs. This initiative aims to stimulate greater security of domestic critical mineral supply chains and unlock the intended impact of the statute.
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FAQ

What is the current stock price of NioCorp Developments Ltd. (NB)?

The current stock price of NioCorp Developments Ltd. (NB) is $1.41 as of November 14, 2024.

What is the market cap of NioCorp Developments Ltd. (NB)?

The market cap of NioCorp Developments Ltd. (NB) is approximately 56.9M.

What is the Elk Creek Critical Minerals Project?

The Elk Creek Critical Minerals Project is NioCorp's flagship initiative aimed at developing North America's highest-grade niobium deposit. It also targets the production of scandium, titanium, and rare earth elements.

What are the recent achievements of NioCorp?

Recently, NioCorp issued 75,000 shares under a Standby Equity Purchase Agreement and received a preliminary term sheet for $800 million in debt financing from EXIM. They also engaged JPMorgan Chase for advancing project financing.

Why is niobium important?

Niobium is essential for high-strength steel used in automotive, structural, and pipeline applications. It enhances the strength and durability of steel, making it lighter and more efficient.

What other minerals does NioCorp plan to produce?

Besides niobium, NioCorp plans to produce scandium, titanium, and magnetic rare earth elements like neodymium, praseodymium, terbium, and dysprosium.

How is NioCorp contributing to sustainability?

NioCorp is investigating the feasibility of recycling post-consumer neodymium-iron-boron permanent rare earth magnets, which could enhance the sustainability of their operations.

What is the significance of the EXIM financing?

The $800 million financing from EXIM is crucial for advancing the Elk Creek Project, providing the necessary capital to move from development to commercial production.

Who is assisting NioCorp with its financing efforts?

NioCorp has engaged JPMorgan Chase Bank to assist in seeking debt financing supported by EXIM for the Elk Creek Critical Minerals Project.

What technological innovations is NioCorp exploring?

NioCorp is considering the implementation of a Railveyor™ system to reduce costs and accelerate production at the Elk Creek Mine, potentially lowering its carbon footprint and CAPEX/OPEX.

What are the geopolitical implications of NioCorp's work?

CEO Mark A. Smith emphasizes the need for U.S. self-sufficiency in critical minerals to reduce dependency on foreign sources, which is crucial for national security and clean energy technologies.

What is the role of scandium in NioCorp's projects?

Scandium is used to create alloys with aluminum, enhancing strength and corrosion resistance. It is also vital for advanced solid oxide fuel cells, contributing to clean energy solutions.

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NioCorp Developments Ltd.

Nasdaq:NB

NB Rankings

#4773 Ranked by Market Cap
N/A Ranked by Dividends

NB Stock Data

56.87M
40.31M
6.27%
5.63%
2.21%
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