NioCorp Developments Ltd. announced on January 29, 2025, the pricing of an underwritten offering expected to raise $5.0 million. This offering includes common shares and associated warrants.
The offering consists of 2,577,320 common shares, 2,577,320 Series A warrants, and 1,288,660 Series B warrants. The terms of this financing are set to provide additional capital for the company's operations.
As a development-stage company, NioCorp relies on such equity raises to fund its Elk Creek Critical Minerals Project and general corporate purposes. The issuance of these new securities will lead to dilution for current shareholders.
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