NioCorp Reports FY25 Preliminary Loss Of $16.7M Or $0.35/Shr Vs Loss $11.4M Or $0.31/Shr Prior Year

NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) today provided its preliminary unaudited financial results for the fiscal year ended June 30, 2025.

Selected financial results expectations for the period includes:

Loss for the fiscal year ended June 30, 2025 of $16.7 million, or $0.35 per share, compared to a loss for the fiscal year ended June 30, 2024 of $11.4 million, or $0.31 per share.

During the quarter ended June 30, 2025, the Company received approximately $31.1 million of gross proceeds from the sale of common shares and pre-funded warrants pursuant to a previously announced underwritten public offering, the sale of common shares under the Standby Equity Purchase Agreement, dated January 26, 2023, between the Company and YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP (the "Yorkville Equity Facility Financing Agreement"), and the exercise of outstanding warrants. The Company ended the fiscal year with a cash balance of approximately $25.6 million and 58,491,196 common shares outstanding.

NioCorp intends to file its audited consolidated financial statements for the fiscal year ended June 30, 2025 in its Annual Report on Form 10-K on or about August 29, 2025.