NioCorp za tři měsíce do 30. září vykázal předběžný čistý zisk 3,7 milionu USD, neboli 0,03 USD na jednu akcii, oproti ztrátě 42,7 milionu USD před rokem.
CENTENNIAL, CO / ACCESS Newswire / October 16, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB) today provided its preliminary unaudited financial results for the three-month period ended September 30, 2026, which are presented below.
The Company reported net income attributable to NioCorp of $3.7 million, or $0.03 per share (basic), for the three-month period ended September 30, 2026, as compared to a net loss attributable to NioCorp of $42.7 million, or $0.53 per share (basic), for the three months ended September 30, 2025. As of September 30, 2026, the Company had a cash balance of $405.1 million on its consolidated balance sheet.
The net income for the three months ended September 30, 2026, primarily reflects non-cash gains of approximately $8.5 million related to earnout shares and warrants classified as liabilities on the consolidated balance sheet, driven by a decrease in the closing price of the Company's common shares between June 30, 2026 and September 30, 2026. By contrast, the net loss for the three months ended September 30, 2025, primarily reflects non-cash losses of approximately $32.1 million related to earnout shares and warrants classified as liabilities on the consolidated balance sheet, driven by an increase in the closing price of the Company's common shares between June 30, 2025 and September 30, 2025.
The Company continues as a development-stage company, and its operating cash outflows for the three-month period ended September 30, 2026, totaled $6.1 million, primarily representing recurring general and administrative costs as well as costs related to the finalization and issuance of the technical and economic study related to the Elk Creek Critical Minerals Project (the "Elk Creek Project"). In addition, its investing outflows for the three-month period ended September 30, 2026, totaled $5.9 million, primarily representing additional expenditures associated with ongoing construction of the mine portal at the Elk Creek Project.
NioCorp intends to file its unaudited interim condensed consolidated financial statements for the three-month period ended September 30, 2026, in its Quarterly Report on Form 10-Q on or before November 16, 2026.
All figures reported above with respect to the three- month period ended September 30, 2026, are preliminary and are unaudited and subject to change and adjustment as the Company prepares its unaudited interim condensed consolidated financial statements for the three- month period ended September 30, 2026 and 2025. Accordingly, investors are cautioned not to place undue reliance on the foregoing information. The Company does not intend to provide preliminary results on a regular basis in the future. The preliminary results provided in this news release constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws, are based on several assumptions and are subject to a number of risks and uncertainties. Actual results may differ materially. See "Forward-looking Statements."
NioCorp is developing the Elk Creek Project that is expected to produce niobium, scandium, titanium and several rare earth products, including neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, samarium-europium-gadolinium ("SEG") carbonate, and heavy rare earth carbonate. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of neodymium-iron-boron magnets, which are used across a wide variety of defense and civilian applications.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements may include statements regarding, among other matters, the financial and business performance of NioCorp; NioCorp's anticipated results and developments in the operations of NioCorp in future periods; NioCorp's planned exploration and development activities; the adequacy of NioCorp's financial resources; NioCorp's ability to secure sufficient project financing to complete construction and commence operation of the Company's niobium, scandium, titanium and rare earth project (the "Elk Creek Project") located in southeastern Nebraska; NioCorp's expectations on the form of future project financing; the necessity and impact of additional binding offtake agreements and the terms of such agreements, if any; NioCorp's ability to receive a final commitment of financing from the Export-Import Bank of the United States ("EXIM"); future standards imposed by the U.S. federal government, if any; the estimated total upfront capital expenditure for the Elk Creek Project; NioCorp's expectation and ability to produce niobium, scandium, titanium and the rare earth elements at the Elk Creek Project; NioCorp's plans to produce and supply specific products and market demand for those products; NioCorp's expectation that it will receive the full $10.0 million in reimbursement under the DoW Agreement; the intended use of our cash balance as of September 30, 2026, the proceeds from Warrant exercise issuances, and the reimbursement payments pursuant to the DoW Agreement; the Elk Creek Project's ability to produce multiple critical metals; the Elk Creek Project's projected ore production and mining operations over its expected mine life; statements with respect to the estimation of mineral resources and mineral reserves; statements with respect to projected product pricing, costs, and project economics; the exercise of options to purchase additional land parcels; the execution of contracts with engineering, procurement and construction companies; NioCorp's possible future usage of artificial intelligence ("AI") and the risks and challenges associated therewith; NioCorp's ongoing evaluation of the impact of inflation, supply chain issues, tariffs, and geopolitical unrest on the Elk Creek Project's economic model; construction of the main access to the underground portion (the "Portal Project") of the Elk Creek Project; and the creation of full time and contract construction jobs over the construction period of the Elk Creek Project.
Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "potential," "possible," and similar expressions, or statements that events, conditions, or results "will," "may," "could," or "should" (or the negative and grammatical variations of any of these terms) occur or be achieved. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect," "is expected," "anticipates" or "does not anticipate," "plans," "estimates," or "intends," or stating that certain actions, events, or results "may," "could," "would," "might," or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; the future price of and demand for metals, including Al-Sc alloy; the impact that Chinese restrictions have on pricing and demand including the existence of a bifurcated market between China and the rest of the world; and the stability of the financial and capital markets. Such forward-looking statements reflect the Company's current views with respect to future events and are subject to certain known and unknown risks, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks related to the following: NioCorp's requirement of significant additional capital; NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; NioCorp's ability to achieve the required milestones and receive the full $10.0 million in reimbursement under the DoW Agreement; NioCorp's ability to receive a final commitment of financing from EXIM or other debt financing or financial support on acceptable timelines, on acceptable terms, or at all; NioCorp's ability to continue to meet Nasdaq listing standards; risks relating to the Common Shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness, if any, or other agreements may impair NioCorp's ability to obtain additional financing, on acceptable terms, or at all; NioCorp's limited operating history; NioCorp's history of losses; the material weakness in NioCorp's internal control over financial reporting, NioCorp's efforts to remediate such material weakness and the timing of remediation; the possibility that NioCorp may qualify as a "passive foreign investment company ("PFIC") under the Internal Revenue Code of 1986, as amended (the "Code"); the potential that the 2023 business combination with GXII could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; changes in tax laws and regulations; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products, including, without limitation, a reduction of demand for scandium from a downturn in capital spending for AI; impacts on the markets and pricing for scandium and rare earth products from the Chinese-based markets, including any future changes to export restrictions; current and future offtake agreements, joint ventures, and partnerships, including our ability to negotiate extensions to existing agreements or to enter into new agreements, on favorable terms or at all; NioCorp's ability to negotiate definitive agreements for existing non-binding memoranda of understanding and non-binding term sheets; NioCorp's ability to attract qualified management; estimates of mineral resources and reserves; mineral exploration and production activities; technical and economic study results; the results of metallurgical testing; the results of technological research; unexpected variations in the quantity of ore, grade or recovery rates, or the presence of deleterious elements that would affect the process plant or waste removal; unexpected geotechnical and hydrogeological conditions from what was assumed in the mine designs; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining and scandium alloy industries; trade policies and tensions, including tariffs and other export controls; inflationary pressures; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; changes in other environmental and social factors; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, development or scandium alloy production activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities or grades of reserves and resources; claims on the title to NioCorp's properties; the infringement or loss of NioCorp's intellectual property rights; potential future litigation; NioCorp's lack of insurance covering all of NioCorp's operations; and changes in operating and capital costs, exchange rates, metallurgical performance, labor availability and other risks associated with the mining industry.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
NioCorp pokročil ve federálním procesu financování projektu Elk Creek v Nebrasce podpisovým ceremoniálem s EXIM. Důl má produkovat osm kritických minerálních produktů, včetně niobu, skandia, titanu a prvků vzácných zemin.
IREN Limited's AI Pivot Gains Traction—But Can Its Data Centers Deliver?NioCorp Developments NASDAQ: NB hosted federal and state officials at its Elk Creek Critical Minerals Mine and Processing Facility site in Nebraska, where company leaders and policymakers emphasized the project’s potential role in building domestic supplies of minerals used in defense, aerospace, manufacturing and electronics.
The event included a signing ceremony involving NioCorp and the Export-Import Bank of the United States, or EXIM. Nebraska Sen. Deb Fischer said the signing marked “another important step” as NioCorp continues the federal financing review process, though speakers did not provide details on the document being signed.
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China Still Dominates Rare Earths—These 3 U.S. Companies Could BenefitMark Smith, NioCorp’s chairman and chief executive officer, said the Elk Creek operation is planned to produce eight critical-mineral products from a single domestic source. He identified niobium, scandium, titanium and rare earth elements, including dysprosium and terbium, among the materials the company expects to produce and process in Nebraska.
Smith said the facility is designed to take minerals “from mine to finished product” rather than sending materials overseas for processing. He said the company expects the project to support about 1,200 construction jobs and roughly 500 permanent skilled jobs over an anticipated 40-year mine life.
Focus on Supply-Chain Security
The AI Buildout Needs Power It Cannot Get: 4 Energy Stocks Already Have ItSpeakers repeatedly framed the project as part of a broader effort to reduce U.S. reliance on foreign sources of critical minerals and mineral processing. Smith said the U.S. imports all of the niobium and scandium it uses, more than 85% of its titanium requirements, and virtually all of several rare earth elements.
Fischer said critical minerals are used in consumer electronics, advanced manufacturing and military equipment, while foreign dependence creates risks for both the economy and national security. She said she helped secure a $10 million federal investment in domestic aluminum-scandium alloy production, which she said is planned for Elk Creek.
“NioCorp is also working to develop a domestic source of the niobium and titanium, among other rare earth elements,” Fischer said. “These minerals are essential to our defense industrial base, our aerospace industry, and American manufacturing.”
Sen. Pete Ricketts said China processes more than 80% of certain critical minerals, even where it does not mine them. He described domestic mining and processing of niobium, scandium, titanium and magnetic rare earths as important to securing defense supply chains.
Ricketts also cited potential uses for niobium in armored vehicles, naval vessels, drones and jet-engine turbines, and said scandium is used in aerospace and defense materials. He called the Elk Creek project a “win-win-win” for the local community, Nebraska and U.S. national defense.
Federal Officials Cite Strategic Importance
U.S. Energy Secretary Chris Wright said the Trump administration views access to critical minerals as a strategic national-security concern. He said China had altered the terms under which it would supply critical minerals to the United States, creating a need to accelerate development of domestic alternatives.
Wright said long mine-development timelines remain a challenge, noting that the average time from mineral discovery to a U.S. mine being built is 29 years. He argued that the United States needs to remove barriers and mobilize capital to develop domestic supply chains.
“It is imperative for our national security,” Wright said of efforts to develop domestic mineral production. “We are here addressing a strategic concern.”
EXIM Chairman John Jovanovic said the bank’s role is to help level the playing field for U.S. companies in markets he described as neither free nor fair. He said EXIM aims to support American capital, engineers, innovation and companies operating in strategically important sectors.
Jovanovic thanked NioCorp’s partners, including JPMorgan, Traxys and Lockheed Martin, and said projects such as Elk Creek could support well-paying jobs while strengthening supply-chain and economic security.
Nebraska Leaders Highlight Local Impact
Nebraska Gov. Jim Pillen credited NioCorp and local supporters for years of work on the project and called the deposit an important opportunity for the state. Rep. Adrian Smith said the project could broaden the regional tax base and create economic opportunity, while noting that it remains in its early stages despite years of permitting work.
NioCorp’s Mark Smith said the project represents billions of dollars of potential investment over its operating life and could reshape economic opportunities in Johnson County and surrounding communities.
About NioCorp Developments (NASDAQ:NB)NioCorp Developments Ltd. is a U.S.-focused critical minerals company advancing the Elk Creek Critical Minerals Project in southeast Nebraska. The project is designed to produce niobium, scandium and titanium, with the potential to recover several rare earth elements, including neodymium, praseodymium, terbium and dysprosium.
NioCorp's planned products are intended for use in applications such as high-strength steel, aerospace and defense systems, electric vehicles, permanent magnets, and other advanced technologies.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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NioCorp zajistil smlouvy o odběru 100 % plánované produkce projektu Elk Creek na prvních 15 let provozu. Traxys odebere 50 % feroniobu, zbývajících 50 % zajistí Thyssenkrupp během prvních 10 let provozu.
Under a New 15-Year Definitive Agreement, Traxys Agrees to Purchase 50% of NioCorp's Planned Ferroniobium Production on a Volumetric Take-or-Pay Basis, with the Remaining 50% Covered by an Existing Offtake Agreement with ThyssenKrupp
Traxys Will Have the Exclusive Right to Broker Sales to Industrial and/or Government Customers of NioCorp's Planned Scandium, Titanium and Rare Earth Products Over 15 Years
This Major Commercial Milestone is Expected to Support the Advancement of NioCorp's Proposed Debt Financing Package with the U.S. Export-Import Bank
CENTENNIAL, CO / ACCESS Newswire / October 13, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. developer of critical minerals, has reached a definitive agreement (the "Agreement") with Traxys North America LLC ("Traxys"), a leading global trader and merchant in the metals and natural resources sectors, resulting in 100% of the Company's planned production from its Elk Creek Critical Minerals Project (the "Elk Creek Project") now being supported by commercial agreements during the first 15 years of operations.
Under the binding Agreement, Traxys will purchase, on a take-or-pay basis, 50% of NioCorp's planned ferroniobium production from its Elk Creek Project over the first 15 years of production. The Agreement supersedes and replaces the prior ferroniobium and scandium offtake arrangements between NioCorp and Traxys. NioCorp's existing offtake agreement with ThyssenKrupp Metallurgical Products GmbH ("ThyssenKrupp") covering the other 50% of NioCorp's planned ferroniobium production from its Elk Creek Project over the first 10 years of production remains unchanged.
Traxys will also have the exclusive right, but not the obligation, to purchase all of NioCorp's planned products beyond ferroniobium, including scandium, titanium and rare earth products, and to serve as NioCorp's exclusive global marketing and sales partner, leveraging its established global customer network and the central role it now plays in the Trump Administration's Project Vault initiative, which is designed to facilitate sales of critical minerals to large manufacturers.
"We've always believed the right commercial partner is just as important as the products themselves," said Mark A. Smith, CEO and Executive Chairman of NioCorp. "Members of our management team have worked with the Traxys team for several decades, and they've built an outstanding reputation in these markets. They understand these products, they understand the customers, and we've developed a high level of confidence in their team over many years. Expanding that relationship was a logical next step for us."
"Together with our existing ferroniobium offtake agreement, every product we plan to produce at Elk Creek is now supported by long-term commercial agreements for 15 years of operations with highly reputable commercial partners," Mr. Smith said. "That puts us in an even stronger position as we advance our remaining financing efforts, including addressing one of the key due diligence items in EXIM's review of our proposed financing package. Just as importantly, it shows there are experienced market participants willing to commit to the products we expect to bring to market."
Mark Kristoff, CEO of Traxys, said: "If recent and ongoing geopolitical events have shown us anything, it's that manufacturers can no longer assume critical mineral supply will always be available when and where it's needed. Customers today are looking for reliable, long-term supply from trusted jurisdictions, and that trend is only accelerating. We've worked with Mark and his team for many years, and we believe the Elk Creek Project is exceptionally well positioned to help meet that demand."
Mr. Kristoff continued, "As a key participant in President Trump's Project Vault initiative, Traxys is focused on helping build stronger domestic critical mineral supply chains by connecting emerging producers with manufacturers seeking dependable long-term supply. That's exactly why we're expanding our relationship with NioCorp through this agreement, and we look forward to bringing Elk Creek's products to customers across North America and allied markets in the future."
The Agreement is binding on the parties. Deliveries under the Agreement remain subject to completion of project financing, construction of the Elk Creek Project, commencement of commercial production, and the finalization of customary ancillary commercial terms between the parties.
Separately from the Agreement, NioCorp and Traxys continue to discuss a potential strategic equity investment by Traxys of up to $30 million in NioCorp. Any such investment is not part of the Agreement and would remain subject to further negotiation, due diligence, and the execution of definitive documentation. There can be no assurance that an investment will be agreed to or completed.
NioCorp is developing the Elk Creek Project that is expected to produce niobium, scandium, titanium and several rare earth products, including neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, samarium-europium-gadolinium ("SEG") carbonate, and heavy rare earth carbonate. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of neodymium-iron-boron magnets, which are used across a wide variety of defense and civilian applications.
ABOUT TRAXYS GROUP
Traxys is a physical commodity trader and merchant in the metals and natural resources sectors. Its logistics, marketing, distribution, supply chain management, and trading activities are conducted by over 450 employees in over 20 offices worldwide, and its annual turnover reaches USD 10 billion. Traxys is engaged in sourcing, trading, marketing, and distributing non-ferrous metals, ferro-alloys, minerals, industrial raw materials, and energy.
The Group serves a broad base of industrial customers and offers a full range of commercial and financial services. Traxys is committed to the highest internationally recognized principles for responsible business conduct, and to ensuring that its operations are equitable, sustainable, and transparent.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements may include, but are not limited to, statements regarding the Company's debt financing application process with EXIM, including NioCorp's expectation that the Agreement is expected to support the advancement of the debt financing process with EXIM; statements that NioCorp is evaluating for production oxides of the rare earths samarium, europium, gadolinium, and yttrium, in addition to the metal forms of all of the elements it plans to produce; statements regarding a potential strategic equity investment by Traxys of up to $30 million in NioCorp; NioCorp's expectation of producing niobium, scandium, titanium and several rare earth products, including neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, SEG carbonate, and heavy rare earth carbonate at the Elk Creek Project; and NioCorp's confidence in and ability to secure sufficient project financing to complete construction of the Elk Creek Project and move it to commercial operation, as well as efforts and expenditures relating to the same. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; the future price of and demand for metals, including Al-Sc alloy; the impact that Chinese restrictions have on pricing and demand including the existence of a bifurcated market between China and the rest of the world; and the stability of the financial and capital markets. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the Securities and Exchange Commission and with the applicable Canadian securities regulatory authorities and the following: NioCorp's requirement of significant additional capital; NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; NioCorp's ability to achieve the required milestones and receive the full $10.0 million in reimbursement under the Project Sub-Agreement with Advanced Technology International, an entity acting on behalf of the Defense Industrial Base Consortium under the authority of the U.S. Department of War; NioCorp's ability to receive a final commitment of financing from EXIM or other debt financing or financial support on acceptable timelines, on acceptable terms, or at all; NioCorp's ability to continue to meet the listing standards of The Nasdaq Stock Market LLC; risks relating to NioCorp's common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness, if any, or other agreements may impair NioCorp's ability to obtain additional financing, on acceptable terms, or at all; NioCorp's limited operating history; NioCorp's history of losses; the material weakness in NioCorp's internal control over financial reporting, NioCorp's efforts to remediate such material weakness and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the "Code"); the potential that the business combination with GX Acquisition Corp. II and other related transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; changes in tax laws and regulations; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products, including, without limitation, a reduction of demand for scandium from a downturn in capital spending for AI; impacts on the markets and pricing for scandium and rare earth products from the Chinese-based markets, including any future changes to export restrictions; current and future offtake agreements, joint ventures, and partnerships, including NioCorp's ability to negotiate extensions to existing agreements or to enter into new agreements, on favorable terms or at all; NioCorp's ability to negotiate definitive agreements for existing non-binding memoranda of understanding and non-binding term sheets; NioCorp's ability to attract qualified management; estimates of mineral resources and reserves; mineral exploration and production activities; technical and economic study results; the results of metallurgical testing; the results of technological research; unexpected variations in the quantity of ore, grade or recovery rates, or the presence of deleterious elements that would affect the process plant or waste removal; unexpected geotechnical and hydrogeological conditions from what was assumed in the mine designs; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining and scandium alloy industries; trade policies and tensions, including tariffs and other export controls; inflationary pressures; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; changes in other environmental and social factors; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, development or scandium alloy production activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities or grades of reserves and resources; claims on the title to NioCorp's properties; the infringement or loss of NioCorp's intellectual property rights; potential future litigation; NioCorp's lack of insurance covering all of NioCorp's operations; and changes in operating and capital costs, exchange rates, metallurgical performance, labor availability and other risks associated with the mining industry.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
Společnost NioCorp bude 14. října hostit amerického ministra energetiky a šéfa EXIM v projektu Elk Creek, zatímco EXIM posuzuje žádost o možné dluhové financování dolu.
Federal and state leaders to visit southeast Nebraska critical minerals mine site and view construction activity underway
Event to be livestreamed at https://www.niocorp.com/event-livestream/
CENTENNIAL, CO / ACCESS Newswire / October 12, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. critical minerals developer, is pleased to announce that U.S. Energy Secretary Chris Wright, Export-Import Bank of the United States ("EXIM") Chairman and President John Jovanovic, Nebraska Governor Jim Pillen, U.S. Senators Deb Fischer (R-NE) and Pete Ricketts (R-NE), and Congressman Adrian Smith (R-NE) will visit the Company's Elk Creek Critical Minerals Project (the "Elk Creek Project") mine site in southeast Nebraska on Wednesday, October 14, 2026.
The officials are expected to deliver remarks, tour the construction underway at the Elk Creek mine site, and receive briefings from NioCorp leadership on its planned critical mineral products.
Because the Elk Creek site is an active construction area and access is subject to strict safety and security requirements, the October 14 event is not open to the general public. It can be viewed via livestream at https://www.niocorp.com/event-livestream/, which begins at 12:30 PM CT / 1:30 PM ET.
"We're extremely proud of what we're building in Nebraska, and we couldn't be happier to welcome Chairman Jovanovic, Secretary Wright, Governor Pillen, Senators Fischer and Ricketts and Congressman Smith to the Elk Creek Project," said Mark A. Smith, Executive Chairman and CEO of NioCorp. "This visit gives us the opportunity to show them firsthand the progress underway at the site, introduce them to some of the people helping us advance this effort, and discuss what Elk Creek can mean for American critical mineral security, manufacturing and jobs."
The visit comes as EXIM continues its review of NioCorp's application for potential debt financing for the Elk Creek Project under EXIM's Make More in America initiative.
NioCorp plans to produce niobium, scandium, titanium, and several magnetic rare earth elements at the Elk Creek Project. These materials are used across automotive, aerospace, energy, advanced manufacturing and defense applications. The United States is heavily import-dependent for these materials, including 100% net import reliance for several of the minerals NioCorp plans to produce.
A fact sheet on NioCorp's proposed plans can be seen here: https://www.niocorp.com/wp-content/uploads/NioCorp_FactSheet.pdf.
NioCorp is developing the Elk Creek Project that is expected to produce niobium, scandium, titanium and several rare earth products, including neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, samarium-europium-gadolinium ("SEG") carbonate, and heavy rare earth carbonate. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of neodymium-iron-boron magnets, which are used across a wide variety of defense and civilian applications.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to, statements regarding statements made during the webcast; NioCorp's expectation of producing niobium, scandium, and titanium, and the potential of producing rare earths, at the Elk Creek Project; and NioCorp's ability to secure sufficient project financing to complete construction of the Elk Creek Project and move it to commercial operation. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; the future price of and demand for metals, including aluminum scandium alloy; and the stability of the financial and capital markets. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the SEC and with the applicable Canadian securities regulatory authorities and the following: NioCorp's ability to consummate the Offering; NioCorp's ability to use the net proceeds of the Offering in a manner that will increase the value of shareholders' investment; NioCorp's requirement of significant additional capital; NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; NioCorp's ability to achieve the required milestones and receive the full $10.0 million in reimbursement under the Project Sub-Agreement with Advanced Technology International, an entity acting on behalf of the Defense Industrial Base Consortium under the authority of the U.S. Department of Defense; NioCorp's ability to receive a final commitment of financing from the Export-Import Bank of the United States or other debt financing or financial support on acceptable timelines, on acceptable terms, or at all; NioCorp's ability to access the full amount of the expected net proceeds under the standby equity purchase agreement (the "Yorkville Equity Facility Financing Agreement") with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP; NioCorp's ability to continue to meet the listing standards of The Nasdaq Stock Market LLC; risks relating to NioCorp's common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness, if any, the Yorkville Equity Facility Financing Agreement or other agreements may impair NioCorp's ability to obtain additional financing, on acceptable terms, or at all; covenants contained in agreements with NioCorp's secured creditors that may affect its assets; NioCorp's limited operating history; NioCorp's history of losses; the material weaknesses in NioCorp's internal control over financial reporting, NioCorp's efforts to remediate such material weaknesses and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the "Code"); the potential that the business combination with GX Acquisition Corp. II and other related transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products; current and future offtake agreements, joint ventures, and partnerships, including NioCorp's ability to negotiate extensions to existing agreements or to enter into new agreements, on favorable terms or at all; NioCorp's ability to attract qualified management; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; the results of metallurgical testing; the results of technological research; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining and scandium alloy industries; trade policies and tensions, including tariffs; inflationary pressures; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, development, or scandium alloy production activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; claims on the title to NioCorp's properties; the infringement or loss of NioCorp's intellectual property rights; potential future litigation; and NioCorp's lack of insurance covering all of NioCorp's operations.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
NB Private Equity Partners vykázala za první pololetí růst čisté hodnoty aktiv s celkovým výnosem 1,9 % v USD, protože zisky z ocenění soukromých investic převážily nad odpisy.
NB Private Equity Partners LON: NBPE reported a 1.9% net asset value total return in U.S. dollar terms for the first half, or 3.4% in sterling, as private investment valuation gains offset a limited number of markdowns across the portfolio.
The company also said its August monthly NAV rose 1.7%, primarily driven by gains in quoted holdings. For the eight months ended Aug. 31, NAV total return was 4.2%.
Portfolio companies continued to post double-digit operating growth. On a weighted-average basis, the portfolio generated last-12-month revenue growth of 11.1% and EBITDA growth of 12.1%, compared with 9.1% and 9.7%, respectively, at year-end.
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Broadening Private Portfolio Gains Private investments, which represented about 93% of the portfolio’s value, appreciated 2.7% on a constant-currency basis during the first half and 3% during the second quarter. The company said valuation gains had broadened beyond a narrower group of holdings, with older investments contributing more meaningfully to NAV growth.
The top 10 holdings, accounting for approximately 41% of fair value, appreciated by $43 million, or 8.3%. The next 20 largest investments increased by an aggregate $14 million, or about 3%. The 30 largest positions accounted for roughly 80% of total portfolio fair value.
Those gains were partly offset by approximately $25 million of markdowns concentrated in about five businesses. NB Private Equity Partners said the declines reflected differing factors, including slower growth, delayed cost savings, softer comparables, valuation-multiple contraction and one restructuring.
Portfolio valuation and leverage metrics were broadly stable versus year-end. The portfolio’s weighted-average enterprise value-to-EBITDA multiple was 15.3 times, while net debt-to-EBITDA stood at 5.1 times.
The company highlighted stronger growth among its largest investments, which delivered last-12-month revenue growth of 15.7% and EBITDA growth of 15.5%. Holdings cited as contributors included Action, Solenis, FDH Aero, OneMonroe and True Potential.
Realizations and Visible Proceeds NB Private Equity Partners announced $150 million of realizations in the first half, representing 12% of opening portfolio NAV. Of that amount, $92 million had been received, while $58 million remained outstanding from signed transactions.
The company has visibility on an additional $68 million of proceeds expected over the coming months, which would bring proceeds received or pending to about $280 million. That compares with $180 million received during the prior year.
Realization activity included the signed sale of FDH Aero, the exit of Solenis through a continuation vehicle, and transactions involving Hydro and Basis Technologies. The company also completed partial sales or realizations in Osaic, Bending Spoons and Husky.
These transactions were completed at an aggregate 3.1 times invested capital and represented an approximate 6% uplift to carrying values from three quarters earlier, according to the company.
Portfolio Refresh and New Commitments NB Private Equity Partners said it is increasing new investment activity after prioritizing balance-sheet strength in recent years. The company said it had reduced new deployment between 2022 and 2025 and de-geared the portfolio from more than 20% in 2019 to zero toward the end of last year.
During the first half, the company invested $104 million across six new portfolio companies. It subsequently committed a further $60 million, including a follow-on investment and three additional investments expected to close in the fourth quarter. Total commitments for 2026 were expected to reach approximately $164 million across nine portfolio companies.
New investments discussed during the call included Conservice, a utility management and billing platform for U.S. property managers backed alongside TPG; Ryan LLC, a business-to-business tax services provider invested alongside Ares and Onex; and Vinted, in which the company made an initial investment alongside EQT and later increased its holding to approximately $4 million.
The company also committed more than $50 million across three unnamed AI-focused growth equity investments. It said positions in the investments range from 0.8% to 2% of fair value, limiting early-stage concentration while providing exposure to AI-related growth trends.
Investments made in 2024 and 2025 had an aggregate gross multiple of invested capital of 1.6 times and an average gross internal rate of return of about 28%, according to the company. Their underlying businesses recorded revenue growth of 14.5% and EBITDA growth of 15.7% over the prior 12 months.
Once pending investments close, vintages from 2024 through 2026 are expected to represent slightly more than one-third of the portfolio.
Capital Returns and Board Change As of Aug. 31, NB Private Equity Partners had about $140 million of available liquidity and an investment level of roughly 115%. The board expects the investment level to remain between 110% and 120% in the short to medium term, before moving toward approximately 110% over the longer term.
The company returned $144 million to shareholders year to date, equal to about 12% of opening NAV and roughly double the $62 million returned during the comparable period a year earlier. Returns included an $20 million dividend and share repurchases.
The board allocated a further $120 million to share buybacks in June, bringing the total authorization since the start of 2025 to $240 million. NB Private Equity Partners said it had repurchased about $160 million of shares cumulatively under the program. Through the end of August, it had bought back approximately $70 million of shares at an average discount of 28%.
The company also announced the appointment of David MacLellan as an independent director and chair designate. Current Chair William Maltby is due to retire after the board’s December meeting following nearly eight years on the board.
About NB Private Equity Partners (LON:NBPE)Neuberger Private Equity Partners (NBPE) is a London listed FTSE-250 investment company which invests directly in private companies alongside some of the world's leading private equity managers. Managed by Neuberger, a leading private markets investor, Neuberger Private Equity Partners leverages the strength of Neuberger platform, relationships, deal flow and expertise to access the most attractive investment opportunities, providing shareholders with access to a portfolio of direct investments diversified by manager, sector, geography and size.
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NioCorp zveřejnil aktualizovanou studii projektu Elk Creek s čistou současnou hodnotou před zdaněním 4,1 mld. USD a plánovanou životností dolu 40 let. Očekává také 8 produktů místo 3 a hrubé příjmy 37,4 mld. USD.
MarketBeat Week in Review – 08/10 - 08/14NioCorp Developments NASDAQ: NB detailed its recently published 2026 technical report for the Elk Creek Critical Minerals Project in Nebraska, outlining an expanded product suite, updated mine design and projected economics for the proposed underground mining and processing operation.
Mark Smith, NioCorp’s executive chairman, president and CEO, said the technical report and updated feasibility study were supported by hundreds of consultants and certified by 15 qualified professionals. He said the company prioritized study quality over speed and that the additional work is expected to support project financing efforts, including discussions with the Export-Import Bank of the United States, or EXIM.
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Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?The updated study was undertaken in part to conduct additional infill drilling and convert the company’s revised metallurgical process flow diagram into feasibility-level engineering. Smith said the drilling produced tighter spacing and improved definition of the ore body, while additional geotechnical, geohydrologic, paste-tailings and grouting studies were completed to strengthen the mine plan.
Expanded Product Portfolio and Economic Projections
The Elk Creek project is now expected to produce eight products, compared with three products in NioCorp’s 2022 feasibility study. The expected products include ferroniobium, scandium, titanium tetrachloride, neodymium-praseodymium oxide, dysprosium oxide, terbium oxide, samarium-europium-gadolinium carbonate concentrate, and a heavy rare earth carbonate concentrate.
Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not DemandSmith said the expanded product mix raises projected life-of-mine gross revenue to $37.4 billion, compared with $21.9 billion in the 2022 study. The company projects gross revenue of $815 per ton and operating expenses of $255 per ton, resulting in a projected life-of-mine margin of $560 per ton.
Pre-tax net present value of $4.1 billion, using an 8% discount rate
Average annual cash flow of $519 million over the mine life
Average annual EBITDA of $608 million
Estimated upfront capital expenditures of $1.85 billion
Projected 40-year mine life and less than three-year after-tax payback period
Smith said the higher capital expenditure estimate reflects inflation as well as added processing capabilities, including rare earth solvent extraction and chlorination processes for niobium and titanium products.
He also pointed to what he described as a pricing “bifurcation” between China and markets outside China for certain critical minerals. Smith said NioCorp has seen scandium pricing outside China ranging from $3,000 to $6,500 per kilogram, compared with approximately $800 to $850 per kilogram in China. He cited similar differences for terbium and dysprosium prices.
Mine Access and Processing Changes
Scott Honan, NioCorp’s chief operating officer and president of Elk Creek Resources Company, said the new mine plan replaces a planned twin-shaft design with twin ramps extending from the surface. The prior shaft approach would have required ground freezing and specialized shaft equipment, while the ramp configuration is expected to provide faster access to the ore body.
According to Honan, the updated mine design is expected to reach full production in 35 months, compared with a longer development period under the earlier plan. The company also plans to use a Railveyor system to move material from the underground mine to the surface plant rather than relying on diesel equipment and vertical hoisting through shafts.
NioCorp also revised its energy plan. Rather than primarily relying on a local utility connection, the company now expects to use an on-site microgrid powered by small natural-gas-fired generators. A third party is expected to own, install, operate and maintain the generating equipment, Honan said. The company will still require a natural gas pipeline connection to the site.
On the processing side, the revised plan introduces calcining and calcium-magnesium removal before hydrochloric and sulfuric acid leaching. Honan said these front-end steps reduce the mass moving through the remainder of the plant by about half and remove most acid-consuming materials, reducing acid demand and eliminating the need for an on-site acid plant.
Reserves, Resources and Financing Steps
NioCorp reported 45.9 million tons of proven and probable reserves supporting a 40-year operating life. Honan said the company’s 2025 infill drilling program established a proven reserve category, the highest reserve classification, and also increased inferred resources.
The company reported measured resources of 21.7 million tons, indicated resources of 187.4 million tons and inferred resources of 169.2 million tons. Honan said the ore body remains open in several directions and could support a longer mine life if additional resources are converted into reserves.
Annual production is projected to include more than 8,000 tons of ferroniobium, 118 tons of scandium and more than 59,000 tons of titanium tetrachloride, along with the planned rare earth products.
Smith said NioCorp has begun review sessions with EXIM following publication of the feasibility study. He said EXIM previously indicated it could provide up to approximately $800 million in financing based on a 65% debt-to-equity ratio, but will now reassess potential financing levels based on the updated project economics and capital requirements.
The company is also working to finalize an offtake agreement with Traxys. Smith said NioCorp expects two commercial agreements to cover 100% of project offtake: ThyssenKrupp would receive 50% of ferroniobium output, while Traxys would receive the remaining products and ferroniobium volumes under a separate agreement. He said NioCorp intends to pursue volumetric take-or-pay arrangements rather than agreements with price ceilings.
Before final financing, NioCorp expects to advance detailed engineering and negotiate an engineering, procurement and construction contract acceptable to the company, its EPC contractor and EXIM.
About NioCorp Developments (NASDAQ:NB)NioCorp Developments Ltd is a North American critical minerals development company focused on advancing its flagship Elk Creek Critical Minerals Project in southeastern Nebraska. The company’s primary business activity centers on the exploration, evaluation and development of a polymetallic deposit that hosts significant quantities of niobium, scandium and titanium. Through metallurgical testing and prefeasibility studies, NioCorp aims to produce high-purity ferroniobium, high-purity titanium dioxide slag and scandium oxide for industrial, aerospace and clean-energy applications.
At the heart of NioCorp’s operations is the Elk Creek project, where the company holds surface rights and mineral leases across approximately 7,100 acres of land.
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NioCorp oznámila webcast na 11. srpna, kde představí výsledky aktualizované studie proveditelnosti projektu Elk Creek. Během hovoru budou odpovídat i na dotazy analytiků a investorů.
CENTENNIAL, CO / ACCESS Newswire / August 10, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. critical minerals developer, today announced that it will host a live webcast on Tuesday, August 11, 2026, at 10:00 AM ET to discuss the results of its updated feasibility study for the Elk Creek Critical Minerals Project (the "Elk Creek Project").
NioCorp Executive Chairman and CEO Mark A. Smith and Chief Operating Officer Scott Honan will host the 1-hour call and review key results of the updated feasibility study followed by a question-and-answer session with analysts and investors.
NioCorp is developing the Elk Creek Project that is expected to produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Elk Creek Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of neodymium-iron-boron magnets, which are used across a wide variety of defense and civilian applications.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to, statements regarding statements made during the webcast; NioCorp's expectation of producing niobium, scandium, and titanium, and the potential of producing rare earths, at the Elk Creek Project; and NioCorp's ability to secure sufficient project financing to complete construction of the Elk Creek Project and move it to commercial operation. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; the future price of and demand for metals, including aluminum scandium alloy; and the stability of the financial and capital markets. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the SEC and with the applicable Canadian securities regulatory authorities and the following: NioCorp's ability to consummate the Offering; NioCorp's ability to use the net proceeds of the Offering in a manner that will increase the value of shareholders' investment; NioCorp's requirement of significant additional capital; NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; NioCorp's ability to achieve the required milestones and receive the full $10.0 million in reimbursement under the Project Sub-Agreement with Advanced Technology International, an entity acting on behalf of the Defense Industrial Base Consortium under the authority of the U.S. Department of Defense; NioCorp's ability to receive a final commitment of financing from the Export-Import Bank of the United States or other debt financing or financial support on acceptable timelines, on acceptable terms, or at all; NioCorp's ability to access the full amount of the expected net proceeds under the standby equity purchase agreement (the "Yorkville Equity Facility Financing Agreement") with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP; NioCorp's ability to continue to meet the listing standards of The Nasdaq Stock Market LLC; risks relating to NioCorp's common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness, if any, the Yorkville Equity Facility Financing Agreement or other agreements may impair NioCorp's ability to obtain additional financing, on acceptable terms, or at all; covenants contained in agreements with NioCorp's secured creditors that may affect its assets; NioCorp's limited operating history; NioCorp's history of losses; the material weaknesses in NioCorp's internal control over financial reporting, NioCorp's efforts to remediate such material weaknesses and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the "Code"); the potential that the business combination with GX Acquisition Corp. II and other related transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products; current and future offtake agreements, joint ventures, and partnerships, including NioCorp's ability to negotiate extensions to existing agreements or to enter into new agreements, on favorable terms or at all; NioCorp's ability to attract qualified management; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; the results of metallurgical testing; the results of technological research; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining and scandium alloy industries; trade policies and tensions, including tariffs; inflationary pressures; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, development, or scandium alloy production activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; claims on the title to NioCorp's properties; the infringement or loss of NioCorp's intellectual property rights; potential future litigation; and NioCorp's lack of insurance covering all of NioCorp's operations.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
NioCorp podepsala nezávazné memorandum s Lockheed Martin o možném odběru až 15 tun oxidu skandia ročně po dobu 10 let. Dohoda navazuje na společný vývoj na skandiu založených technologií pro obranu.
Agreement Builds on NioCorp and Lockheed Martin's Skunk Works® Joint Development Program to Develop Scandium-Based Defense Technologies
Pentagon-Funded Joint Development Effort Is Helping to Establish America's First-Ever Integrated Scandium-to-Warfighter Supply Chain
CENTENNIAL, CO / ACCESS Newswire / August 4, 2026 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB), a leading U.S. critical minerals developer, announced the signing of a non-binding Memorandum of Understanding ("MOU") with Lockheed Martin regarding the potential purchase of up to 15 tonnes/year of scandium oxide from NioCorp, in either oxide form or in the form of aluminum-scandium alloys, over the next 10 years.
NioCorp plans to produce approximately 100 tonnes/year of scandium oxide from its Nebraska-based Elk Creek Critical Minerals Project, once project financing and construction are complete. NioCorp currently produces 4% aluminum-scandium master alloy in the U.S., utilizing market-sourced scandium oxide. NioCorp has said it also intends to produce finished aluminum-scandium alloy ingots that vary in scandium content from 0.2% to 0.8% for customers in both the commercial and defense markets.
"Lockheed Martin has earned its reputation as one of the strongest names in American defense and aerospace, and as a U.S. critical minerals company, we're proud to be working toward supplying them with the scandium products they need," said Mark A. Smith, NioCorp CEO and Chairman. "Both companies recognize how important scandium has become to the future of American defense technology as well as the imperative of establishing a domestic scandium mine-to-warfighter supply chain. NioCorp is already investing to build out this supply chain as rapidly as possible, including the ability to make aluminum-scandium master alloy today. Clearly, the case for reducing our reliance on China for scandium and other critical minerals has never been stronger."
"Lockheed Martin has long valued partnerships that strengthen the U.S. industrial base and support our warfighters," said Tyler Robinson, vice president, Technology Roadmaps, Lockheed Martin Skunk Works. "We appreciate the work NioCorp is doing to establish a domestic source of scandium oxide as well as the company's aluminum-scandium alloying capabilities, and we look forward to continuing to evaluate that supply as part of our broader alloy development efforts."
The MOU builds on an existing joint development program with Lockheed Martin's Skunk Works to develop scandium-based aluminum alloy components for modern fighter aircraft. That program, announced in October 2025, is funded by the U.S. Department of War ("DoW") as part of a $10 million award to NioCorp's subsidiary, Elk Creek Resources Corp. ("ECRC"), under Title III of the Defense Production Act, and is intended to help establish the United States' first domestic scandium mine-to-master-alloy supply chain.
The MOU is non-binding, and both companies have agreed to negotiate in good faith a definitive agreement as rapidly as possible. There is no assurance that a definitive agreement will be reached, or as to its eventual terms.
NioCorp is developing the Elk Creek Project that is expected to produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Elk Creek Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of neodymium-iron-boron magnets, which are used across a wide variety of defense and civilian applications.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements may include, but are not limited to, NioCorp's expectation of producing niobium, scandium, and titanium, and the potential of producing rare earths, at the Elk Creek Project; and NioCorp's confidence in and ability to secure sufficient project financing to complete construction of the Elk Creek Project and move it to commercial operation, as well as efforts and expenditures relating to the same. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; the future price of and demand for metals, including Al-Sc alloy; and the stability of the financial and capital markets. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the Securities and Exchange Commission and with the applicable Canadian securities regulatory authorities and the following: NioCorp's requirement of significant additional capital; NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; NioCorp's ability to achieve the required milestones and receive the full $10.0 million in reimbursement under the Project Sub-Agreement with Advanced Technology International, an entity acting on behalf of the Defense Industrial Base Consortium under the authority of the U.S. Department of War; NioCorp's ability to receive a final commitment of financing from EXIM or other debt financing or financial support on acceptable timelines, on acceptable terms, or at all; NioCorp's ability to access the full amount of the expected net proceeds under the standby equity purchase agreement (the "Yorkville Equity Facility Financing Agreement") with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP; NioCorp's ability to continue to meet the listing standards of The Nasdaq Stock Market LLC; risks relating to NioCorp's common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness, if any, the Yorkville Equity Facility Financing Agreement or other agreements may impair NioCorp's ability to obtain additional financing, on acceptable terms, or at all; covenants contained in agreements with NioCorp's secured creditors that may affect its assets; NioCorp's limited operating history; NioCorp's history of losses; the material weaknesses in NioCorp's internal control over financial reporting, NioCorp's efforts to remediate such material weaknesses and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the "Code"); the potential that the business combination with GX Acquisition Corp. II and other related transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products; current and future offtake agreements, joint ventures, and partnerships, including NioCorp's ability to negotiate extensions to existing agreements or to enter into new agreements, on favorable terms or at all; NioCorp's ability to attract qualified management; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; the results of metallurgical testing; the results of technological research; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining and scandium alloy industries; trade policies and tensions, including tariffs; inflationary pressures; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, development or scandium alloy production activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; claims on the title to NioCorp's properties; the infringement or loss of NioCorp's intellectual property rights; potential future litigation; and NioCorp's lack of insurance covering all of NioCorp's operations.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
