NioCorp prices 13.85M shares at $3.25 in public offering

NioCorp (NB) Developments announced the pricing of its previously announced public offering in the United States. The Offering is expected to consist of up to 13,850,000 common shares at a public offering price of $3.25 per common share, for gross proceeds that are expected to be approximately $45M before deducting placement agent fees and offering expenses. Maxim Group is acting as sole placement agent for the Offering. NioCorp currently intends to use the net proceeds from the Offering for working capital and general corporate purposes, including to advance its efforts to launch construction of the Elk Creek Project and move it to commercial operation. The Offering is expected to close on or about July 18, subject to the satisfaction of customary closing conditions.