NioCorp Finalizes $20 Million Public Offering of Common Shares

NioCorp Developments Ltd. has announced the pricing of its public offering in the U.S., totaling 7,692,308 common shares at $2.60 each, aiming to raise $20 million. The offering also gives the underwriter a 30-day option to purchase an additional 15% of the shares. Maxim Group LLC is managing the offering, which is expected to conclude by April 21, 2025, pending customary conditions.

This offering follows a shelf registration filed with the SEC in June 2024, allowing NioCorp to offer securities beyond Canada. Details of the offering are available on SEC's website. Proceeds are intended to support NioCorp’s Elk Creek Project, which explores the production of niobium, scandium, and potentially rare earths.