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NioCorp Developments ( (NB) ) has shared an announcement.
NioCorp Developments Ltd. has successfully completed all payments under its $8 million notes issued in April 2024, thereby clearing its balance sheet of long-term debt. This financial milestone enables the company to concentrate on securing project financing for the construction of its Elk Creek Critical Minerals Project in Nebraska, which could strengthen its position in the critical minerals industry and benefit stakeholders by advancing the production of valuable minerals.
More about NioCorp Developments
NioCorp Developments Ltd. is focused on developing the Elk Creek Project in Southeast Nebraska, which aims to produce critical minerals such as niobium, scandium, and titanium. The company is also exploring the potential to produce rare earth elements from this project, which are essential for various high-tech applications.
YTD Price Performance: 65.13%
Average Trading Volume: 231,711
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $116.9M
Learn more about NB stock on TipRanks’ Stock Analysis page.
