NIOCORP DEVELOPMENTS LTD (NB): M&A transaction — NioCorp subsidiary closes ~$2.7M land purchase for Elk Creek project in Nebraska

NIOCORP DEVELOPMENTS LTD

ECRC exercised options to purchase three parcels in Johnson County, Nebraska.
Aggregate purchase price of surface and mineral rights was approximately $2.7 million.
Transaction closed on August 1, 2025; option agreements dated 2009 and 2014.
Company recorded a $2.7M decrease in cash and corresponding increase in land on balance sheet.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NIOCORP DEVELOPMENTS LTD completed an acquisition involving Elk Creek Resources Corp. ("ECRC") for aggregate purchase price of approximately $2.7 million (closed 2025-08-01).

Action: acquisition
Counterparty: Elk Creek Resources Corp. ("ECRC")
Consideration: aggregate purchase price of approximately $2.7 million
Closing: 2025-08-01

Exact text from the filing

The Option Agreements provided for a purchase price calculated based on the appraised value per acre of the parcels of land. The aggregate purchase price was approximately $2.7 million. On the closing date of the purchase of the Property, the Company recorded a decrease in cash under current assets on its consolidated balance sheet of approximately $2.7

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Source: SEC EDGAR

accession 0001539497-25-002009

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