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NioCorp Developments ( (NB) ) has shared an update.
NioCorp Developments Ltd. announced the successful closing of a $150.2 million registered direct offering of common shares in the United States. The proceeds are intended to support working capital and advance the construction of the Elk Creek Project towards commercial operation, potentially strengthening NioCorp’s position in the critical minerals industry and impacting stakeholders by progressing towards production of valuable minerals.
The most recent analyst rating on (NB) stock is a Buy with a $12.00 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, and is exploring the potential to produce rare earth elements. These materials are essential for various applications, including specialty alloys, lightweight alloys, and Neodymium-Iron-Boron magnets used in defense and civilian sectors.
Average Trading Volume: 6,640,780
Technical Sentiment Signal: Buy
Current Market Cap: $1.15B
Find detailed analytics on NB stock on TipRanks’ Stock Analysis page.