NioCorp Developments Secures $5 Million from Market-Priced Offering

NioCorp Developments Ltd. has successfully closed its $5 million underwritten offering, selling 2,577,320 common shares and accompanying Series A and Series B warrants. These securities were priced at $1.94 per share before expenses and discounts. The Series A warrants, exercisable at $1.98, expire in thirty months, while the Series B warrants, exercisable at $2.05, expire in four years.

The company aims to utilize the net proceeds for repaying part of its obligations from unsecured notes issued in 2024 and to support its Elk Creek Project, a critical minerals initiative in Southeast Nebraska. The offering was executed under a shelf registration with the SEC, led by Maxim Group LLC.

This initiative marks a significant step for NioCorp as it seeks to advance construction toward a commercially operational phase, aligning with its broader strategic goals in the mineral sector.