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NioCorp Announces Pricing of Registered Direct Offering

Strategic Insights

— 1 min read

NioCorp Developments Ltd. (NASDAQ:NB), a company focused on developing the Elk Creek Project, has announced the pricing of a registered direct offering in the United States. The offering is expected to consist of up to 10,000,000 common shares at an offering price of $5.00 per common share, for gross proceeds that are expected to be approximately $50.0 million before deducting placement agent fees and offering expenses.

The net proceeds from the offering will be used for working capital and general corporate purposes, including advancing the Elk Creek Project towards commercial operation. Maxim Group LLC is acting as the sole placement agent for the offering, which is expected to close on or about September 19, 2025, subject to the satisfaction of customary closing conditions.

The offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-280176), previously filed with the U.S. Securities and Exchange Commission (SEC) on June 13, 2024, and subsequently declared effective by the SEC on June 27, 2024.

Key Takeaways:

  • NioCorp is raising approximately $50.0 million through a registered direct offering of 10,000,000 common shares at $5.00 per share.
  • The net proceeds will be used for working capital and general corporate purposes, including advancing the Elk Creek Project.
  • The offering is expected to close on or about September 19, 2025, subject to customary closing conditions.
  • The company will use the net proceeds for various purposes, including advancing the Elk Creek Project, which is expected to produce niobium, scandium, and titanium.
  • NioCorp is evaluating the potential to produce several rare earths from the Elk Creek Project.
  • The company expects to use the net proceeds to enhance its financial position and support business growth.

Statistics:

  • The offering involves the sale of 10,000,000 common shares at $5.00 per share, generating gross proceeds of approximately $50.0 million.
  • The net proceeds from the offering are expected to be used for various purposes, including advancing the Elk Creek Project.
  • The Elk Creek Project is expected to produce niobium, scandium, and titanium.
  • NioCorp is evaluating the potential to produce several rare earths from the Elk Creek Project.

Sources:

  • NioCorp Developments Ltd. (press release), September 17, 2025.
  • SEC filing (Form S-3, File No. 333-280176), June 13, 2024.
  • SEC filing (effective shelf registration statement), June 27, 2024.
  • Maxim Group LLC (placement agent).
  • NioCorp Developments Ltd. (corporate website).
  • CENTENNIAL, CO (press release), September 17, 2025.

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