{"schema_version":"secwatch.filing_event.v1","accession":"0001539497-24-000818","form_type":"8-K","ticker":"NB","cik":"0001512228","company_name":"NIOCORP DEVELOPMENTS LTD","filed_at":"2024-04-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.751078+00:00","generated_at":"2026-06-03T23:21:05.769735+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NioCorp closes $8M private placement of unsecured notes and warrants","bullets":["Closed $8M aggregate principal unsecured notes private placement; net proceeds of $6.96M.","Notes mature Dec 31, 2024; 0% interest (18% upon default); monthly $1.4M principal payments starting June 2024.","Issued warrants to purchase up to 615,385 common shares at $3.25/share, exercisable for 3 years.","Notes convertible at $2.75/share into up to 3,141,817 common shares; subject to beneficial ownership limits.","Proceeds used for working capital, payables, operating expenses, and placement fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001539497-24-000818","json":"https://secwatch.observer/filing/0001539497-24-000818.json","markdown":"https://secwatch.observer/filing/0001539497-24-000818.md","text":"https://secwatch.observer/filing/0001539497-24-000818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1512228/000153949724000818/0001539497-24-000818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1512228/000153949724000818/n2574_x206-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T23:21:05.769735+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19a921d612b2bf2ff6ece7c589093c850e15ec3e","claim":"NIOCORP DEVELOPMENTS LTD incurred convertible notes of $8,000,000 aggregate principal amount with YA II PN, Ltd. and Lind Global Fund II LP at simple interest rate obligation of 0.0% per annum (which will increase to 18.0% maturing December 31, 2024.","evidence_excerpt":"On April 11, 2024, NioCorp Developments Ltd. (\"NioCorp\" or the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”), with YA II PN, Ltd. (“Yorkville”) and Lind Global Fund II LP (“Lind” and together with Yorkville, the “Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers, in a private placement (the “Private Placement”), $8,000,000 aggregate principal amount of unsecured notes (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1512228/000153949724000818/0001539497-24-000818-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$8,000,000 aggregate principal amount"},{"label":"Counterparty","value":"YA II PN, Ltd. and Lind Global Fund II LP"},{"label":"Rate","value":"simple interest rate obligation of 0.0% per annum (which will increase to 18.0%"},{"label":"Maturity","value":"December 31, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}