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An announcement from NioCorp Developments ( (NB) ) is now available.
NioCorp Developments Ltd. announced the pricing of a $45 million public offering of common shares in the United States, aiming to fund the advancement of the Elk Creek Project towards commercial operation. This strategic move is expected to bolster the company’s financial resources for working capital and general corporate purposes, potentially enhancing its market position in the critical minerals industry.
The most recent analyst rating on (NB) stock is a Buy with a $4.00 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 focused on developing a critical minerals project in Southeast Nebraska, known as the Elk Creek Project. This project aims to produce niobium, scandium, and titanium, with potential production of rare earth elements. Niobium is used in specialty alloys and high-strength steel, scandium enhances aluminum alloys, and titanium is vital for lightweight alloys and various industrial applications.
Average Trading Volume: 1,187,262
Technical Sentiment Signal: Hold
Current Market Cap: $236.2M
For a thorough assessment of NB stock, go to TipRanks’ Stock Analysis page.