Niocorp Developm Stock Price, News & Analysis

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.

NioCorp Developments (NASDAQ:NB) has announced the commencement of a proposed underwritten public offering of common shares and warrants in the United States, alongside a concurrent private placement. The offerings include an over-allotment option for the underwriter to purchase up to 15% additional shares and warrants. Maxim Group is serving as the sole book-running manager. The net proceeds will be used for working capital, advancing the Elk Creek Project construction in Southeast Nebraska, and repaying a $2.0 million credit facility. The public offering is being made through an effective shelf registration, while the private placement follows exemption rules. No securities will be offered to Canadian purchasers under the public offering.