NioCorp Announces Pricing of Registered Direct Offering

Strategic Insights -

NioCorp Developments Ltd. today 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 LLC. 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 $150.2 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 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.

Key Takeaways:

  • NioCorp Developments Ltd. 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 LLC.
  • 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 $150.2 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 to advance its efforts to launch construction of the Elk Creek Project and move it to commercial operation.
  • 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.
  • The Offering is being made pursuant to an effective shelf registration statement on Form S-3ASR (File No. 333-290837) previously filed with the Securities and Exchange Commission (the "SEC") on October 10, 2025 that became effective upon filing pursuant to Rule 462(e) of the United States Securities Act of 1933, as amended.
  • Maxim Group LLC is acting as sole placement agent for the Offering.
  • NioCorp Developments Ltd. is developing a critical minerals project in Southeast Nebraska (the "Elk Creek Project") that is expected to produce niobium, scandium, and titanium.

Statistics:

  • Gross proceeds: Approximately $150.2 million
  • Offering price: $9.34 per common share
  • Number of common shares: Up to 16,077,175
  • Placement agent fees: Not disclosed
  • Offering expenses: Not disclosed
  • Closing date: October 15, 2025

Sources:

  • NioCorp Developments Ltd.
  • ACCESS Newswire
  • The Nasdaq Stock Market LLC
  • Securities and Exchange Commission (SEC)
  • Form S-3ASR (File No. 333-290837)