NioCorp Developments Ltd. provided its preliminary financial results on April 11, 2025, for the three and nine-month periods ended March 31, 2025. For the nine months ended March 31, 2025, the company reported a net loss of $7.995 million.
This net loss represents a decrease compared to the $10.999 million reported for the same nine-month period in 2024. The reduction was primarily driven by lower operating expenses, which decreased from $11.470 million in 9M 2024 to $6.895 million in 9M 2025.
The decrease in operating expenses was attributed to reduced employee-related costs, lower professional fees, and decreased exploration expenditures following the conclusion of the Demonstration Plant operation. However, the company's cash and cash equivalents stood at $1.294 million, with working capital of $0.3 million as of March 31, 2025, indicating continued reliance on external financing.
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