NioCorp Prices $6 Million Public Offering and Private Placement

NioCorp Developments Ltd. has set the pricing for its underwritten public offering and concurrent private placement, aiming to raise approximately $6 million. The public offering, comprising 1,592,356 common shares and associated warrants, targets gross proceeds of about $2.5 million. Each common share paired with warrants is priced at $1.57, with Series A warrants exercisable at $1.75 and Series B at $2.07. Meanwhile, the private placement aims for $3.5 million through the sale of 2,199,888 common shares with similar warrant conditions.

Proceeds will support NioCorp's Elk Creek Project in Nebraska and settle a company credit facility. The public offering closes on November 5, 2024, while the private offering concludes on November 11, 2024, contingent on standard conditions. Maxim Group LLC manages the public offering, aiming at the U.S. market, compliant with SEC regulations. The private placement includes insider participation under regulatory exemptions.