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NioCorp Developments ( (NB) ) just unveiled an update.
NioCorp Developments Ltd. announced the completion of its first diamond drill hole at the Elk Creek Project, funded by the Pentagon. The results support the conversion of mineral resources and reserves, crucial for securing up to $800 million in potential debt financing from the EXIM Bank. The assays confirm the existing mineral resource model, advancing the company’s financing and development efforts.
The most recent analyst rating on (NB) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
More about NioCorp Developments
NioCorp Developments Ltd. is a U.S.-based company specializing in critical minerals development. It focuses on the Elk Creek Project in Southeast Nebraska, aiming to produce niobium, scandium, and titanium, which are essential for various industrial applications.
Average Trading Volume: 7,019,220
Technical Sentiment Signal: Buy
Current Market Cap: $984.2M
Find detailed analytics on NB stock on TipRanks’ Stock Analysis page.