Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An announcement from NioCorp Developments ( (NB) ) is now available.
NioCorp Developments Ltd. has received a preliminary, non-binding Expression of Interest from the UK Export Finance for a potential debt guarantee of up to $200 million to finance the Elk Creek Critical Minerals Project. This potential guarantee would be coordinated with prospective financing from the Export-Import Bank of the United States and a German Government loan guarantee, indicating significant international interest and support for the project. The announcement highlights NioCorp’s strategic engagement with UK-based exporters for scandium-based products, which could enhance the company’s market positioning and stakeholder confidence.
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 developing the Elk Creek Project, which is expected to produce niobium, scandium, and titanium. The company is also evaluating the potential to produce several rare earths. Niobium is used in specialty alloys and high-strength steel, scandium enhances aluminum alloys, and titanium is used in lightweight alloys and pigments. Rare earths like neodymium and dysprosium are critical for magnets used in defense and civilian applications.
Average Trading Volume: 986,064
Technical Sentiment Signal: Sell
Current Market Cap: $131.5M
For an in-depth examination of NB stock, go to TipRanks’ Stock Analysis page.