NioCorp Developments Ltd. announced on February 10, 2025, that it has satisfied all remaining obligations under its original $8,000,000 aggregate principal amount of unsecured notes. These notes were issued on April 12, 2024.
The completion of these payments means that NioCorp's balance sheet is now clear of all long-term debt. This represents a significant improvement in the company's financial position.
Eliminating long-term debt reduces financial risk and enhances NioCorp's attractiveness to potential investors and lenders for the substantial project financing required for the Elk Creek Critical Minerals Project. This milestone strengthens the company's foundation as it moves towards construction.
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