NioCorp Developments Ltd. is pleased to announce that CEO and Executive Chairman Mark A. Smith has agreed to establish a new $2 million non-revolving credit facility with NioCorp to assist the Company in continuing its work to secure project financing for the Company's critical minerals project in Southeast Nebraska and for general corporate purposes. The credit facility bears an interest rate of 10% per annum, is subject [...]
NioCorp Developments provided its preliminary financial results for the fiscal year ended June 30, 2024. Selected financial results expectations for the periods include: Loss for the fiscal year ended June 30, 2024 of $11.395 million, or $0.30 per share, compared to a loss for the fiscal year ended June 30, 2023 of $40.080 million, or $1.34 per share. NioCorp intends to file its audited consolidated financial statements [...]
NioCorp Developments Ltd. , is pleased to announce that the U.S. Securities and Exchange Commission has made effective a $200 million shelf registration statement on Form S-3 . The Shelf Registration Statement will allow the Company the flexibility from time to time to offer and sell up to $200 million of securities, including common stock, on a registered basis in the U.S. The specific securities and terms of each such [...]
NioCorp Developments Ltd. , is pleased to announce that it has closed a non-brokered private placement of 315,000 units of the Company at a price of USD$1.91 per unit, for aggregate gross proceeds to the Company of USD$0.6 million. Each unit issued in the Private Placement consisted of one common share in the capital of the Company and one common share purchase warrant . Each Warrant is exercisable into one Common Share [...]
NioCorp Developments Ltd. is pleased to announce that it will host a live Technology Briefing Webcast at 11 a.m. Mountain on Wednesday, June 5, 2024, on the Railveyor technology and its potential to significantly cut CAPEX and OPEX costs, help NioCorp reach full commercial production sooner, and operate with a lower carbon footprint by electrifying its proposed Elk Creek Critical Minerals Mine . In the webcast, Railveyor [...]
NioCorp Developments Ltd. is pleased to announce that it has engaged JPMorgan Chase Bank, N.A. to assist NioCorp in seeking debt financing supported by the Export-Import Bank of the U.S. to advance NioCorp's proposed Elk Creek Critical Minerals Project . NioCorp's application for project financing with EXIM made it through the first of EXIM's three Transaction Review Committee reviews in October 2023. In April 2024, EXIM [...]
Mine Electrification and Replacement of Vertical Shafts with Railveyor™ System Could "Significantly" Reduce Initial CAPEX and OPEX1 for the Underground Mine Portion of NioCorp's proposed Elk Creek Critical Minerals Project New Approach Could Cut NioCorp's Time to Full Commercial Production by as Much as 5 Months Due to the Lower Power Consumption of the Railveyor System, Mine Electrification Could Reduce the [...]
NioCorp Developments Ltd. announces that it has received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States as part of a Preliminary Project Letter conveying EXIM's initial due diligence findings to NioCorp on its application for $800 million in debt financing from EXIM for the Elk Creek Critical Minerals Project. Along with the preliminary indicative term sheet [...]
NioCorp Developments Ltd. announces that, further to its press release dated April 17, 2024 , the board of directors has approved the voluntary delisting of NioCorp's common shares from the Toronto Stock Exchange . It is expected that NioCorp's common shares will be delisted from the TSX effective as of close of markets on May 3, 2024. NioCorp's common shares will continue to be listed and trade on the Nasdaq Capital [...]
NioCorp Developments Ltd. plans to investigate the feasibility of recycling permanent rare earth magnets as part of NioCorp's proposed Elk Creek Critical Minerals Project in southeast Nebraska. NioCorp plans to examine the technical and commercial feasibility of recycling post-consumer neodymium-iron-boron permanent rare earth magnets back into separated rare earth oxides that can be used to make new NdFeB magnets. The [...]
NioCorp Developments Ltd. announces that its board of directors has approved the voluntary delisting of the Company's common shares from the Toronto Stock Exchange . Subject to approval by the TSX, it is expected that NioCorp's common shares will be delisted from the TSX effective as of close of markets on May 3, 2024. NioCorp's common shares will continue to be listed and trade on the Nasdaq Capital Market under the [...]
NioCorp Developments Ltd. today announced that it has closed a private placement of US$8,000,000 aggregate principal amount of unsecured notes of NioCorp . Pursuant to the terms of the Notes, subject to certain exceptions as described below, on the first day of each calendar month, beginning on June 1, 2024 , the Company will be required to repay a portion of the outstanding balance of all of the Notes, on a pro-rata [...]