NioCorp (NB) Developments announced the pricing of a registered direct offering in the United States priced at-the-market in accordance with the rules of The Nasdaq Stock Market. The Offering is expected to consist of up to 16,077,175 common shares at an offering price of $9.34 per common share, for gross proceeds that are expected to be approximately $150.2M before deducting placement agent fees and offering expenses. Maxim Group is acting as sole placement agent for the Offering. NioCorp currently intends to use the net proceeds from the Offering for working capital and general corporate purposes, including to advance its efforts to launch construction of the Elk Creek Project and move it to commercial operation. The Offering is expected to close on or about October 15, 2025, subject to the satisfaction of customary closing conditions.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NB:
- Taiwan doesn’t see major impact on chips from rare earth curbs, Reuters reports
- NioCorp Reports Record Cash Balance Amidst Strategic Developments
- NioCorp files automatic mixed securities shelf
- China releases new restriction on rare-earth materials, WSJ reports
- China puts new limits on rare earths, Bloomberg reports