NioCorp Posts Record Cash as Elk Creek Project Advances Despite Higher Adjusted Losses

NioCorp Developments ( (NB) ) has issued an update.

NioCorp reported preliminary unaudited results for the three- and six-month periods ended December 31, 2025, highlighting a record cash balance of $307 million, driven by recent financing and a series of de-risking milestones at its Elk Creek Critical Minerals Project. Over the six-month period, the company secured up to $10 million in support from the U.S. Department of Defense, completed infill drilling and necessary land acquisitions for Elk Creek, acquired scandium alloy manufacturing assets, and entered into agreements with the Department of Defense and Lockheed Martin related to scandium-based defense technologies, while remaining in the development stage with operating cash outflows of $7.6 million and higher adjusted net losses tied largely to project advancement and feasibility study work. Although NioCorp reported relatively modest net losses for the latest quarter and a larger headline loss for the six-month period, these results were heavily influenced by non-cash fair value adjustments on earnout shares and warrants, underscoring that the company’s financial performance is currently driven more by valuation-related items and project investment than by operating revenues.

The most recent analyst rating on (NB) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.

Spark’s Take on NB Stock

According to Spark, TipRanks’ AI Analyst, NB is a Neutral.

The score is held back primarily by weak financial performance (pre-revenue losses and meaningful cash burn), partially offset by currently low leverage and a strategically positive acquisition. Technical indicators are mixed/neutral with slightly negative momentum, while valuation signals are constrained by a negative P/E and no dividend support.

To see Spark’s full report on NB stock, click here.

More about NioCorp Developments

NioCorp Developments Ltd. is a development-stage company focused on advancing the Elk Creek Critical Minerals Project in Nebraska, targeting production of strategic materials such as niobium and scandium with applications in advanced alloys and potential defense technologies. The company is expanding downstream capabilities through the acquisition of scandium alloy manufacturing assets and partnerships with major defense stakeholders, positioning itself within the critical minerals supply chain for U.S. and allied markets.

Average Trading Volume: 6,990,101

Technical Sentiment Signal: Buy

Current Market Cap: $768.7M

For a thorough assessment of NB stock, go to TipRanks’ Stock Analysis page.