NioCorp Releases Preliminary Financial Results for Q3 2024

NioCorp Developments Ltd., a company listed on NASDAQ, has announced its preliminary unaudited financial results for the quarter ending September 30, 2024. The company reported a net loss of $2.1 million, or $0.05 per share, marking an improvement from a $3.2 million loss, or $0.09 per share, during the same period in 2023.

NioCorp plans to finalize its financial statements in a quarterly report expected by November 14, 2024. The company cautions investors about the preliminary nature of these results, which are subject to adjustments. Management stresses the potential variations due to customary annual closing procedures.

These preliminary results are part of the company’s ongoing efforts to secure financing for its Elk Creek Project, targeting the production of niobium, scandium, and titanium, along with rare earth elements.