NioCorp Announces Pricing Of $20M Underwritten Public Offering Of 7,692,308 Common Shares At A Public Offering Price Of $2.60

NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) today announced the pricing of its previously announced underwritten public offering in the United States (the "Offering"). The Offering consists of 7,692,308 common shares (or pre-funded warrants in lieu thereof) at a public offering price of $2.60, for gross proceeds of $20.0 million before deducting underwriting discounts and offering expenses. In addition, the Company granted the underwriter a 30-day over-allotment option to purchase up to an additional 15 percent of the number of initial common shares in the Offering.

Maxim Group LLC is acting as sole book-running manager and underwriter for the Offering.

The Offering is expected to close on or about April 21, 2025 subject to the satisfaction of customary closing conditions.