NioCorp closes ~$2.5M public offering of common shares and warrants; net proceeds ~$1.4M

NIOCORP DEVELOPMENTS LTD

Registered Offering of 1.59M common shares, 1.59M Series A warrants ($1.75, 2yr), 0.80M Series B warrants ($2.07, 5yr) at $1.57/unit.
Gross proceeds ~$2.5M; net proceeds ~$1.39M after underwriting discounts and expenses.
Concurrent private placement expected to close Nov 11, 2024; combined total ~$6.0M.
Proceeds to fund Elk Creek Project, working capital, and repay CEO Mark Smith's $2.0M credit facility.
Underwriter Maxim Group LLC partially exercised over-allotment for additional warrants.

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