NioCorp Developments Ltd. announced on January 31, 2025, the closing of its previously announced underwritten offering. The offering successfully raised $5.0 million in gross proceeds.
The financing involved the issuance of 2,577,320 common shares, 2,577,320 Series A warrants, and 1,288,660 Series B warrants. These funds are critical for NioCorp as it continues to advance its Elk Creek Critical Minerals Project.
This capital infusion provides NioCorp with necessary liquidity to support its ongoing operations and project development. However, the issuance of these new securities contributes to the dilution of the company's existing shareholder base.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.