NioCorp Concludes $2.5 Million Public Offering

NioCorp Developments Ltd. has finalized its public offering in the United States, expecting to raise roughly $6 million, excluding deductions. This offering comprised 1,592,356 common shares, and equivalent Series A and B warrants. Each share, paired with warrants, was priced at $1.57, resulting in gross proceeds of about $2.5 million.

The Series A warrants are immediately exercisable at $1.75, expiring in two years, while Series B warrants, exercisable after six months, hold a price of $2.07, expiring in five years. Maxim Group LLC managed the offering, partially exercising options for additional warrants.

Proceeds are earmarked for advancing the Elk Creek Project and repaying existing credit. The offering adhered to an SEC-approved registration and was detailed in a supplemental prospectus available online.