NioCorp Developments Ltd. (NB) has successfully closed its public offering in the United States, issuing 13,850,000 common shares at $3.25 each, raising approximately $45.0 million in gross proceeds.
The company plans to use the net proceeds for working capital and general corporate purposes, including advancing the construction and commercial operation of the Elk Creek Project.
The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission on June 13, 2024, with no securities sold to Canadian purchasers.
