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NioCorp Developments ( (NB) ) has shared an announcement.
NioCorp Developments Ltd. has announced the commencement of a proposed public offering of common shares in the United States, with Maxim Group LLC acting as the sole placement agent. The proceeds from this offering are intended to support the company’s working capital and advance the Elk Creek Project towards commercial operation. This move is expected to strengthen NioCorp’s position in the critical minerals market, potentially impacting stakeholders by enhancing the company’s operational capabilities and market reach.
The most recent analyst rating on (NB) stock is a Buy with a $8.25 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
More about NioCorp Developments
NioCorp Developments Ltd. is engaged in developing a critical minerals project in Southeast Nebraska, known as the Elk Creek Project. The company focuses on producing niobium, scandium, and titanium, with potential plans to produce rare earth elements. These minerals are crucial for various industries, including automotive, aerospace, and defense, due to their applications in creating strong, lightweight alloys and advanced technologies.
Average Trading Volume: 4,124,158
Technical Sentiment Signal: Buy
Current Market Cap: $566.9M
For an in-depth examination of NB stock, go to TipRanks’ Overview page.