NioCorp Initiates Public Offering of Shares and Warrants

NioCorp Developments Ltd., a company listed on NASDAQ, announced the start of a proposed public offering in the United States, coupled with a private placement. The public offering includes common shares and warrants, with no guarantee of completion or terms. The company offers an over-allotment option of 15% on shares and warrants. Maxim Group LLC is the sole manager for the offering.

Proceeds will fund business needs and repay a $2 million credit facility. This investment aids the Elk Creek Project in Nebraska for critical minerals production. The offering adheres to existing SEC filing requirements. Insider participation in the private offering constitutes a related party transaction but meets exemption rules.