NioCorp Reports Lower Losses in Preliminary Financial Results

NioCorp Developments Ltd. has released preliminary financial results for the periods ending December 31, 2024. For the three-month period, the company reports a loss of $0.5 million, or $0.01 per share, significantly reduced from last year's $3.3 million loss, or $0.09 per share. The six-month period shows a loss of $2.6 million, or $0.06 per share, compared to the previous year's loss of $6.5 million, or $0.18 per share.

These results are preliminary and unaudited, subject to possible changes as the company finalizes its financial statements, expected by February 14, 2025. NioCorp warns investors of potential risks and uncertainties surrounding these forward-looking statements.

The company, engaged in developing the Elk Creek Project in Nebraska, underscores the improvements in its financial condition amidst ongoing challenges.