NioCorp launched a U.S. share offering to fund Elk Creek development, aiming to accelerate production of critical minerals for strategic supply chains.
NioCorp Developments Ltd. has launched a proposed public offering of common shares in the United States, appointing Maxim Group LLC as sole placement agent. Proceeds are earmarked to bolster working capital and advance the Elk Creek Project in southeast Nebraska toward commercial operation, supporting permitting, development and initial production activities. Elk Creek targets production of niobium, scandium and titanium, with potential plans to recover rare earth elements, positioning the company within critical-minerals supply chains important to automotive, aerospace and defense sectors. Company metrics cited include a market capitalization near $567 million and average trading volume in the low millions, while analysts currently rate the stock a Buy with a $8.25 price target. Management says the capital raise aims to strengthen operational capacity and market reach, though investors should weigh dilution and execution risks inherent in bringing a large minerals project to commercial scale. The offering underscores growing investor attention on producers of strategic metals as industries seek secure, diversified sources of advanced-material inputs.