on NioCorp Developments Ltd. (isin : CA6544846091)
NioCorp Prices $5 Million Offering Under Nasdaq Rules
NioCorp Developments Ltd. has announced the pricing of a $5.0 million underwritten offering. The company will issue 2,577,320 common shares alongside Series A and B warrants. The pricing set is $1.94 per share, with Maxim Group LLC acting as sole book-running manager.
Proceeds from this offering will fund repayment of outstanding obligations and support the launch of the Elk Creek Project in Nebraska. The Project aims at producing niobium, scandium, and potentially rare earths.
The offering will close around January 31, 2025. These securities will not be offered in Canada and are subject to customary closing conditions.
A prospectus related to this offering will be filed with the SEC. NioCorp emphasizes this does not constitute a sale offer.
R. P.
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