Niocorp Developments Ltd. Files 10-Q for Q2 2025
Ticker: NIOBW · Form: 10-Q · Filed: Feb 7, 2025 · CIK: 1512228
Sentiment: neutral
Topics: 10-Q, financials, mining
TL;DR
Niocorp's Q2 2025 10-Q is in. Check financials for latest performance.
AI Summary
Niocorp Developments Ltd. filed its 10-Q for the period ending December 31, 2024. The company reported financial results for the six months and three months ended December 31, 2024, and compared them to the same periods in 2023. Specific financial figures and operational details are provided within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Niocorp Developments Ltd., crucial for understanding the company's trajectory in the metal mining sector.
Risk Assessment
Risk Level: medium — As a mining development company, Niocorp faces inherent risks related to project execution, commodity prices, and regulatory approvals.
Key Numbers
- 20241231 — Period End Date (The 10-Q covers financial activities up to this date.)
- 20250207 — Filing Date (The date the report was officially submitted to the SEC.)
Key Players & Entities
- NIOCORP DEVELOPMENTS LTD (company) — Filer
- QUANTUM RARE EARTH DEVELOPMENTS CORP. (company) — Former Company Name
- 20241231 (date) — Period of Report
- 20250207 (date) — Filing Date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20241231, indicating the filing covers financial data up to December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20250207.
What was Niocorp Developments Ltd.'s former company name?
The former company name was QUANTUM RARE EARTH DEVELOPMENTS CORP., with a date of name change on 20110204.
What is the Standard Industrial Classification (SIC) code for Niocorp Developments Ltd.?
The SIC code is [1000], categorized under METAL MINING.
Where is Niocorp Developments Ltd. headquartered?
The company's business and mailing address is 7000 S. YOSEMITE STREET, STE. 115, CENTENNIAL, CO 80112.
Filing Stats: 4,668 words · 19 min read · ~16 pages · Grade level 16.5 · Accepted 2025-02-07 16:00:40
Key Financial Figures
- $5,000 b — eceipt of net proceeds of approximately $5,000 before deducting underwriting discounts a
- $106 — does not already own. The Company paid $106 upon closing of the OTP extensions and
- $184 — nd will make periodic payments totaling $184 over the extension period. 5. ACCOUNTS
- $3 — hasers divided by the exercise price of $3.25, subject to any adjustment to give e
Filing Documents
- n2574_x249-10q.htm (10-Q) — 943KB
- n2574_x249ex4-9.htm (EX-4.9) — 15KB
- n2574_x249ex31-1.htm (EX-31.1) — 7KB
- n2574_x249ex31-2.htm (EX-31.2) — 10KB
- n2574_x249ex32-1.htm (EX-32.1) — 4KB
- n2574_x249ex32-2.htm (EX-32.2) — 5KB
- n257410qimg001.jpg (GRAPHIC) — 8KB
- 0001539497-25-000398.txt ( ) — 5224KB
- niobf-20241231.xsd (EX-101.SCH) — 52KB
- niobf-20241231_cal.xml (EX-101.CAL) — 53KB
- niobf-20241231_def.xml (EX-101.DEF) — 169KB
- niobf-20241231_lab.xml (EX-101.LAB) — 347KB
- niobf-20241231_pre.xml (EX-101.PRE) — 267KB
- n2574_x249-10q_htm.xml (XML) — 821KB
SIGNATURES
SIGNATURES 33 PART I — FINANCIAL INFORMATION ITEM 1. FINANCIAL STATEMENTS Contents Page Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 (unaudited) 2 Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months ended December 31, 2024 and 2023 (unaudited) 3 Condensed Consolidated Statements of Cash Flows for the six months ended December 31, 2024 and 2023 (unaudited) 4 Condensed Consolidated Statements of Shareholders' Equity (Deficit) and Redeemable Noncontrolling Interest for the three and six months ended December 31, 2024 and 2023 (unaudited) 5 Notes to condensed consolidated financial statements (unaudited) 6 - 18 1 NioCorp Developments Ltd. Condensed Consolidated Balance Sheets (expressed in thousands of U.S. dollars, except share data) (unaudited) As of December 31, 2024 June 30, 2024 ASSETS Current Cash and cash equivalents $ 477 $ 2,012 Prepaid expenses and other 261 916 Total current assets 738 2,928 Non-current Deposits 35 35 Investment in equity securities 4 4 Right-of-use assets 151 181 Land and buildings, net 840 837 Mineral properties 16,085 16,085 Total assets $ 17,853 $ 20,070 LIABILITIES Current Accounts payable and accrued liabilities $ 2,552 $ 1,843 Warrant liabilities, at fair value - 2,365 Convertible debt 1,176 7,660 Operating lease liability 97 96 Total current liabilities 3,825 11,964 Non-current Warrant liabilities, at fair value 2,687 1,651 Earnout liability, at fair value 3,064 3,817 Operating lease liability 70 104 Total liabilities 9,646 17,536 Commitments and contingencies - - Redeemable noncontrolling interest 1,316 1,534 SHAREHOLDERS' EQUITY Common stock, no par value, unlimited shares authorized; 43,671,287 and 38,062,647 shares outstanding, respectively 172,235 163,823 Accumulated deficit ( 164,433 ) ( 161,912 ) Accumu