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The latest update is out from NioCorp Developments ( (NB) ).
NioCorp Developments Ltd. has announced a $50 million registered direct offering of common shares, priced at $5.00 per share, to be used for working capital and advancing the Elk Creek Project. This financial move is expected to support the construction and commercial operation of the project, potentially enhancing NioCorp’s positioning in the critical minerals industry by enabling the production of niobium, scandium, titanium, and possibly rare earth elements.
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. The company aims to produce niobium, scandium, and titanium, and is exploring the potential to produce rare earth elements. Niobium is used in specialty alloys and high-strength steel, scandium is used in aluminum alloys and fuel cells, and titanium is used in lightweight alloys and pigments. The company is also interested in producing magnetic rare earths for various applications.
Average Trading Volume: 3,491,521
Technical Sentiment Signal: Buy
Current Market Cap: $425.3M
See more data about NB stock on TipRanks’ Stock Analysis page.