CENTENNIAL, CO / ACCESS Newswire / September 12, 2025 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB), a leading U.S. critical minerals developer, is pleased to announce that it will participate in a live investor webcast on September 24, 2025, at 4:15 PM Eastern. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41655 NioCorp Developments Ltd. (Exact name of registrant as specified in its charter) British Columbia, Canada 98-1262185 (State or ot ...

Industry Overview - The global precious metals market was valued at $306.44 billion in 2023 and is projected to exceed $501 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.6% [3] - Demand for gold remains strong as a safe-haven asset, with global central banks increasing purchases for the 13th consecutive year in 2024 [3] - Silver is experiencing growing industrial use, particularly in solar and electronics manufacturing, while platinum and palladium are expected to benefit from the transition towards electrification and green technology [3] PRISM Precious Metals Index - PRISM MarketView launched the PRISM Precious Metals Index to track emerging and established companies in the gold, silver, platinum, and palladium sectors, highlighting firms that drive innovation in mining, refining, recycling, and technology applications [1][4] - The index has returned approximately 83% since January 2, 2024, providing investors with insights into this strategically important sector [4] Company Highlights Vista Gold Corp. - Vista Gold Corp. is advancing its flagship Mt Todd Gold Project in Australia, focusing on disciplined, value-driven development with a streamlined feasibility plan [5] - The company reported $13.2 million in cash and no debt at the end of Q2 2025, with a feasibility study indicating strong economics and stable long-term production [5] Caledonia Mining Corporation - Caledonia Mining Corporation operates primarily in Zimbabwe, with its Blanket Mine showing record production and growth potential [6] - The company reported a 30% increase in revenue to $65 million and a net profit attributable to shareholders of $20.5 million, more than doubling from the previous year [6][7] NioCorp Developments Ltd. - NioCorp Developments Ltd. is advancing the Elk Creek Critical Minerals Project in Nebraska, targeting production of niobium, scandium, and titanium [8] - The company completed Phase I of its drilling campaign ahead of schedule and under budget, which will support its application for up to $800 million in debt financing from the U.S. Export-Import Bank [8]

FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 11, 2025 NioCorp Developments Ltd. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) British Columbia, Canada (State or other jurisdiction of incorporation) 001-41655 (Commission File Number) 98-1262185 (IRS Employer Identification No.) 7000 South Yosemite Street, Suite 115 Centennial ...

Core Viewpoint - The rare earth sector is gaining attention due to the global demand for critical minerals essential for clean energy, defense, and high-tech industries, with several companies emerging as key players in this space [1]. Company Summaries MP Materials - MP Materials Corp. has entered a public-private partnership with the U.S. Department of Defense, involving a multi-billion dollar investment package and long-term commitments [2]. - The company plans to build a second U.S. magnet manufacturing facility, named the "10X Facility," expected to be operational by 2028 [2]. - MP Materials has secured a $500 million deal with Apple to supply rare earth magnets made from 100% recycled materials, manufactured in the U.S. [3]. - As the second-largest producer of rare earths globally, MP Materials operates the Mountain Pass facility, which is crucial for supplying materials for electric vehicles (EVs), electronics, and defense [4]. - The company's stock has surged nearly 100% in the past week due to the announcements regarding the DoD and Apple deals [4]. USA Rare Earth - USA Rare Earth, Inc. is focused on mining, processing, and supplying rare earth elements and critical minerals, aiming to develop a vertically integrated domestic supply chain for rare earth magnet production [5]. - The company holds mining rights to the Round Top Mountain deposit in West Texas, which contains essential minerals like neodymium and lithium [6]. - USA Rare Earth’s stock has increased by over 50% in the past five days, reflecting market trends alongside MP Materials [6]. NioCorp - NioCorp Developments, Ltd. is developing the Elk Creek project, which is one of the largest potential sources of niobium and scandium, both important for advanced alloys and clean technologies [7]. - The company has received strong analyst support, with a recent price target increase from $4 to $5 by Maxim Group [11]. The Metals Company - The Metals Company, Inc. is engaged in deep-sea mining, targeting polymetallic nodules rich in battery metals, with operations in the Clarion Clipperton Zone [11]. - TMC has seen significant stock performance, gaining over 550% in 2025 due to its unique approach and strong technical ratings [12]. American Resources - American Resources Corp. specializes in producing high-purity rare earths from both recycled and virgin sources, with its ReElements segment supplying separated rare earths for U.S. commercial and defense needs [13]. - The stock of American Resources has also increased by more than 50% in the past five days, driven by heightened interest in the rare earth sector [13].

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Financing and Capital Needs - The Company closed an underwritten public offering on April 21, 2025, issuing 6,628,846 Common Shares at $2.60 per share, raising approximately $20.8 million in gross proceeds[89]. - The gross proceeds from the April 2025 Offering were approximately $20.8 million, with underwriting discounts and offering expenses of about $2.0 million[122]. - The Company is seeking up to $800 million in potential debt financing from EXIM, necessitating an updated feasibility study for the Elk Creek Project[92]. - The Company is in the process of securing EXIM financing for the Elk Creek Project, with its application currently under review[120]. - The planned expenditures for the Elk Creek Project over the next twelve months include an updated mine plan and capital costs related to the EXIM application process[121]. - The Company expects planned cash needs of approximately $23.0 million over the next twelve months for the advancement of the Elk Creek Project and corporate overhead costs[118]. - The Company has no further funding commitments or arrangements for additional financing at this time, creating uncertainty about its ability to secure future financing[124]. - The Company has incurred losses since inception and may not have sufficient cash to fund normal operations for the next twelve months without raising additional funds[125]. - The Company has limited financial resources compared to its proposed expenditures and no source of operating income[131]. - The development of the Elk Creek Project will require substantial additional capital resources, including near-term funding[133]. Elk Creek Project Developments - The Elk Creek Project has disclosed niobium, scandium, and titanium reserves, with ongoing studies to evaluate the economic viability of extracting rare earth elements[87]. - The Company extended option periods for land parcels related to the Elk Creek Project by approximately five years, with total payments of $113,000[90][91]. - A drilling campaign was launched on April 23, 2025, aimed at converting Indicated Resources into Measured Resources and Probable Mineral Reserves into Proven Mineral Reserves[92]. - The Company is developing a new production process that may include light and heavy magnetic rare earth oxides and plans to produce titanium in the form of titanium tetrachloride[93]. - The updated mine design for the Elk Creek Project will incorporate a twin ramp for access and a Railveyor system for material movement, replacing the previously planned vertical mining shafts[93]. - The Company is focused on securing project financing necessary for the construction and development of the Elk Creek Project[88]. - The Elk Creek Project is expected to create full-time and contract construction jobs during its development phase[81]. - The Company continues to negotiate and complete offtake agreements for niobium, scandium, and titanium production from the Elk Creek Project[94]. Financial Performance - The Company reported total operating expenses of $11.47 million for the nine months ended March 31, 2025, compared to $6.89 million for the same period in 2024, reflecting a significant increase[96]. - The net loss attributable to the Company for the nine months ended March 31, 2025, was $10.56 million, compared to a net loss of $7.82 million for the same period in 2024[96]. - Employee-related costs for the nine months ended March 31, 2025, were $2.53 million, a decrease from $3.18 million in the same period in 2024[96]. - The Company had cash of $1.3 million and working capital of $0.3 million as of March 31, 2025, compared to cash of $2.0 million and a working capital deficit of $9.0 million on June 30, 2024[117]. - Operating activities consumed $5.9 million of cash during the nine months ended March 31, 2025, reflecting funding of losses of $8.0 million[128]. - Financing inflows were $5.2 million during the nine months ended March 31, 2025, compared to $3.5 million in 2024, with gross receipts of $11.0 million from equity offerings[129]. Risks and Challenges - The Company is evaluating the impact of inflation, supply chain issues, and geopolitical unrest on the Elk Creek Project's economic model[81]. - The Company is exposed to commodity price risk related to elements associated with the Elk Creek Project, which is not currently in production[140].

Financial Results - NioCorp Developments Ltd. announced preliminary financial results for the three-month and nine-month periods ended March 31, 2025[4]. - The report includes a press release dated April 11, 2025, detailing the financial update[6]. - The financial results are not deemed filed under the Securities Exchange Act of 1934, nor incorporated by reference in any filing under the Securities Act[4]. - The report does not provide specific numerical data or performance metrics in the available content[4]. Company Information - The company is listed on the Nasdaq Stock Market under the trading symbol "NB" for common shares[2]. - The company is not classified as an emerging growth company under the Securities Act[3]. - The Chief Financial Officer, Neal S. Shah, signed the report on behalf of the company[9]. - The address of the principal executive offices is located in Centennial, Colorado[2]. Product and Market Development - The company has not disclosed any new product developments or market expansion strategies in this report[4]. - There are no mentions of mergers or acquisitions in the current report[4].

Company Overview - NioCorp Developments Ltd. is part of the Basic Materials sector, which includes 232 companies and is currently ranked 15 in the Zacks Sector Rank [2] - The company has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Performance Analysis - NioCorp has returned 17.7% year-to-date, significantly outperforming the Basic Materials sector average return of 4.3% [4] - The consensus estimate for NioCorp's full-year earnings has increased by 15% over the past quarter, reflecting improved analyst sentiment [4] Industry Context - NioCorp operates within the Mining - Miscellaneous industry, which consists of 59 stocks and is currently ranked 170 in the Zacks Industry Rank [6] - The Mining - Miscellaneous industry has gained approximately 2.5% year-to-date, indicating that NioCorp is performing better than its immediate industry peers [6] Comparison with Peers - Salzgitter AG, another Basic Materials stock, has returned 63.8% year-to-date and has a Zacks Rank of 2 (Buy) [5] - Salzgitter AG belongs to the Steel - Producers industry, which is ranked 222 and has seen a 13.3% increase this year [6] Investment Outlook - Both NioCorp Developments Ltd. and Salzgitter AG are highlighted as stocks to watch for investors interested in the Basic Materials sector due to their strong performance [7]

Financial Performance - Total operating expenses for the three months ended December 31, 2024, were $2.901 million, a slight decrease from $2.917 million in the same period of 2023 [94]. - Employee-related costs increased to $904,000 for the three months ended December 31, 2024, compared to $328,000 in 2023, primarily due to the timing of fully vested incentive options [95]. - Professional fees decreased to $772,000 for the three months ended December 31, 2024, from $952,000 in 2023, mainly due to increased audit fees and legal costs associated with warrant liabilities [96]. - Exploration expenditures decreased to $261,000 for the three months ended December 31, 2024, compared to $828,000 in 2023, as 2023 included costs related to the Demonstration Plant operations [97]. - Net loss attributable to the Company for the three months ended December 31, 2024, was $450,000, significantly improved from a loss of $3.291 million in the same period of 2023 [94]. - As of December 31, 2024, the Company had cash of $0.5 million and a working capital deficit of $3.1 million, improved from a cash position of $2.0 million and a working capital deficit of $9.0 million on June 30, 2024 [112]. - Financing inflows were $0.5 million during the three months ended December 31, 2024, down from $2.9 million in the same period in 2023 [125]. - Operating activities consumed $2.0 million of cash during the six months ended December 31, 2024, reflecting a decrease from $4.6 million in 2023 [124]. - The Company expects to operate at a loss for the foreseeable future, with planned cash needs of approximately $13.0 million until June 30, 2025 [113]. - Average monthly planned expenditures are expected to be approximately $2.275 million, including $1.925 million for the advancement of the Elk Creek Project [114][115]. - The Company anticipates needing additional funds totaling $12.0 million to $15.0 million to continue advancing the Elk Creek Project [116]. Project Development - The Company reported no revenues from mining operations, with operating expenses primarily related to advancing the Elk Creek Project [92]. - NioCorp is focused on securing project financing necessary for the construction and development of the Elk Creek Project, which includes niobium, scandium, and titanium reserves [87]. - The Elk Creek Project is expected to produce multiple critical metals, with ongoing technical and economic studies to assess the viability of extracting rare earth elements [86]. - The Company successfully completed bench-scale testwork demonstrating the ability to recycle rare earth elements from permanent magnets, potentially supplementing ore production from the Elk Creek mine [89][90]. - The Company is negotiating and completing offtake agreements for niobium, scandium, and titanium production from the Elk Creek Project [22]. - The Company submitted an application for EXIM debt financing to fund the Elk Creek Project, which is currently under review [118]. - The Company plans to utilize the Yorkville Equity Facility Financing Agreement for working capital and to advance the Elk Creek Project towards commercial operations [110]. Financing Activities - The gross proceeds from the January 2025 Offering were approximately $5.0 million, with a public offering price of $1.94 per Common Share [88]. - The gross proceeds from the November 2024 Registered Offering were approximately $2.5 million before deducting underwriting discounts and offering expenses [107]. - The Company issued 2,199,602 units in the November 2024 Private Offering, generating gross proceeds of approximately $3.5 million [109]. - The Company has no current funding commitments beyond potential advances under the Yorkville Equity Facility Financing Agreement [120]. Economic and Market Conditions - The Company is evaluating the impact of inflation, supply chain issues, and geopolitical unrest on the Elk Creek Project's economic model [82]. - The Company incurs expenditures in both U.S. dollars and Canadian dollars, impacting operating costs due to currency exchange fluctuations [135]. - The Company maintains sufficient cash balances in Canadian dollars to fund expected near-term expenditures, mitigating foreign currency exchange risk [135]. - The Company is exposed to commodity price risk related to the Elk Creek Project, which is not currently in production [136]. - A significant decrease in global demand for elements associated with the Elk Creek Project may adversely affect the Company's business [136]. Management and Operational Concerns - NioCorp's primary business strategy is to advance the Elk Creek Project to commercial production, requiring significant additional capital [87]. - The Company is actively seeking additional funds to support near-term work programs associated with the Elk Creek Project [87]. - Current lease commitments for the Elk Creek property are $136,000 through June 30, 2025, with additional financing likely required during the fiscal year [117]. - Management has expressed substantial doubt regarding the Company's ability to continue as a going concern due to financial uncertainties [122].