NioCorp Announces Pricing of $100.0 Million Public Offering of Common Shares

NioCorp Developments Ltd. announced the successful pricing of a $100 million public offering in the United States, representing a significant financing milestone for the critical minerals developer. The offering consists of up to 20 million common shares priced at $5.00 per share, with Maxim Group LLC serving as sole placement agent. The transaction is expected to close on February 25, 2026, subject to customary closing conditions.

The company intends to use net proceeds for working capital and general corporate purposes, with a specific focus on advancing the Elk Creek Project in Southeast Nebraska toward commercial operation. This critical minerals project is positioned to produce niobium, scandium, and titanium, with potential rare earth elements including neodymium, dysprosium, and terbium. These materials are essential for defense applications, advanced manufacturing, and clean energy technologies.

The successful pricing of this offering at $5.00 per share demonstrates investor confidence in NioCorp's development strategy and the strategic value of its critical minerals portfolio. The timing is particularly significant given heightened global focus on securing domestic critical mineral supply chains. The Elk Creek Project's location in Nebraska positions it as a potential key supplier of materials critical to U.S. national security and economic competitiveness.

This financing provides NioCorp with substantial capital to advance project development activities and move closer to production. The company's focus on critical minerals positions it well within current market dynamics, where securing reliable domestic sources of strategic materials has become a priority for both government and industry stakeholders.