NioCorp Developments Ltd. (NASDAQ: NB) announced on October 15, 2025 that it has closed a registered direct offering of common shares, raising $150.2 million in net proceeds. The offering was priced at‑the‑market in accordance with Nasdaq Stock Market rules, allowing the company to adjust the price in real time to reflect market conditions.
The transaction provides a significant liquidity boost for NioCorp, which is actively pursuing funding for its Elk Creek critical‑minerals project. The capital infusion is expected to support ongoing drilling, feasibility studies, and eventual construction of the polymetallic mine and processing plant.
By completing the offering, NioCorp strengthens its balance sheet and positions itself to secure additional debt financing, such as the potential $800 million from the U.S. Export‑Import Bank and a $200 million guarantee from UK Export Finance. The funding round underscores investor confidence in the company’s strategic focus on domestic critical‑mineral supply chains.
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