Niocorp Developments Ltd. Raises $20.8M in Share Offering
Ticker: NIOBW · Form: 10-Q · Filed: May 8, 2025 · CIK: 1512228
Sentiment: neutral
Topics: financing, equity-offering, mining
TL;DR
Niocorp raised $20.8M from a share offering on April 17, 2025.
AI Summary
Niocorp Developments Ltd. filed a 10-Q for the period ending March 31, 2025. On April 17, 2025, Maxim partially exercised its over-allotment option, purchasing 323,504 additional Common Shares. The gross proceeds from this offering were approximately $20.8 million before deductions.
Why It Matters
This filing details a recent capital raise, indicating potential funding for Niocorp's projects and operations.
Risk Assessment
Risk Level: medium — The company is in the metal mining sector, which is inherently subject to commodity price volatility and operational risks.
Key Numbers
- $20.8M — Gross Proceeds (From the April 2025 share offering before expenses.)
- 323,504 — Additional Shares (Purchased by Maxim exercising its over-allotment option.)
Key Players & Entities
- Niocorp Developments Ltd. (company) — Filer of the 10-Q
- Maxim (company) — Underwriter involved in the share offering
- $20,800,000 (dollar_amount) — Gross proceeds from the April 2025 Offering
- April 17, 2025 (date) — Date of Maxim's over-allotment exercise
- March 31, 2025 (date) — End of the reporting period for the 10-Q
FAQ
What is the primary business of Niocorp Developments Ltd.?
Niocorp Developments Ltd. is in the Metal Mining industry, as indicated by its SIC code [1000].
What was the total number of common shares outstanding as of March 31, 2025?
The filing does not explicitly state the total number of common shares outstanding as of March 31, 2025, but it does mention the exercise of an over-allotment option for 323,504 shares.
What is the fiscal year end for Niocorp Developments Ltd.?
Niocorp Developments Ltd.'s fiscal year ends on June 30.
What was the previous name of Niocorp Developments Ltd.?
The company was formerly known as Quantum Rare Earth Developments Corp. before a name change on February 4, 2011.
What is the business address of Niocorp Developments Ltd.?
The business address is 7000 S. Yosemite Street, Ste. 115, Centennial, CO 80112.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 regarding NIOCORP DEVELOPMENTS LTD (NIOBW).