NioCorp Completes $150.2 Million Registered Direct Offering

NioCorp Developments Ltd. has announced the successful closure of its registered direct offering in the United States, priced at-the-market. The offering included 16,077,175 common shares at $9.34 per share, generating approximately $150.2 million in gross proceeds before fees and expenses. Maxim Group LLC served as the sole placement agent for this offering.

The net proceeds from this offering are intended to support working capital and general corporate purposes, notably advancing the Elk Creek Project towards commercial operations. This project, located in Southeast Nebraska, aims to produce critical minerals like niobium, scandium, and titanium.

The offering was made under a shelf registration statement filed with the SEC. No securities were offered to Canadian purchasers under this offering.