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NioCorp Developments ( (NB) ) has issued an update.
On January 31, 2025, NioCorp Developments Ltd. closed an underwritten offering, raising approximately $4.28 million in net proceeds after underwriting discounts. The offering, managed by Maxim Group LLC, involved the sale of common shares and warrants, with plans to use funds from the offering to repay debt and support the Elk Creek Project in Nebraska. The offering was conducted under an effective shelf registration with the SEC, with no securities offered to Canadian purchasers.
More about NioCorp Developments
NioCorp Developments Ltd. is focused on developing the Elk Creek Project, aiming to produce niobium, scandium, and titanium, with potential for rare earth production. Niobium is used in specialty alloys and high-strength steel, scandium in aluminum alloys and fuel cells, and titanium in lightweight alloys and pigments. The company targets various industries, including automotive, aerospace, and electronics.
YTD Price Performance: 48.03%
Average Trading Volume: 222,657
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $95.65M
For a thorough assessment of NB stock, go to TipRanks’ Stock Analysis page.
