other_material
confidence high
sentiment neutral
materiality 0.75
NioCorp closes $60M public offering of common shares and pre-funded warrants
NIOCORP DEVELOPMENTS LTD
- Gross proceeds ~$60M from 9.76M shares/pre-funded warrants at $6.15/share; net ~$55.3M.
- Pre-funded warrants exercisable at $0.0001, no expiration, with 4.99% ownership cap.
- Net proceeds to fund working capital and advance the Elk Creek Project construction.
- Maxim Group LLC acted as sole placement agent; insiders subject to 30-day lock-up.
- Company restricted from issuing equity-like securities for 60 days post-closing.
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