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NioCorp Developments Ltd

NioCorp Developments Ltd (NB)

4.27
-0.13
(-2.95%)
Closed April 14 4:12PM

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Key stats and details

Current Price
4.27
Bid
4.16
Ask
4.93
Volume
4,699
4.25 Day's Range 4.48
3.03 52 Week Range 9.43
Previous Close
4.40
Open
4.44
Last Trade
100
@
4.27
Last Trade Time
Average Volume (3m)
10,068
Financial Volume
-
VWAP
-

NB Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.8123.41040462433.465.43.44251304.6396316CS
40.6317.30769230773.645.43.2108364.18225661CS
120.092.153110047854.185.43.03100683.86163117CS
26-0.63-12.85714285714.97.143.03120164.40358126CS
52-4.84-53.12843029649.119.433.03127095.54039437CS
156-10.53-71.148648648614.818.43.038762611.54739096CS
260-1.53-26.37931034485.820.83.0310137210.04284759CS

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NB Discussion

View Posts
chico237 chico237 59 minutes ago
Those numbers still look great grunt!! Plus when they complete the F.S. With all the goodies! The byproducts of CaCO3, MgCO3 & some Fe stuff should be included too…
Waiting with many…
👍️ 2
Truth and Transparency Truth and Transparency 1 hour ago
Niocorp will likely be headed to bankruptcy if we don’t have the EXIM loan by June 1, 2024. I can’t understand why they would have such a narrow window to commence repayment. How do they intend to pay the loan back with no income?!?!

I have my doubts on this deal after the complete failure of the SPAC deal. This is nauseating. It appears to be an intentional act to destroy the market cap and push out the retail holders that have been loyal to a fault.
👍️0
walterc walterc 5 hours ago
we will get there Mr Grunt.

It certainly is a slow process but we will get there.
👍️ 1
PutzMueler PutzMueler 6 hours ago
Can someone explain in simple laymen terms how this issuance of notes works?

Is this a loan, Until it isn’t?

Is NioCorp getting funds now, by the issuance of notes on April 11 to be dilutive later if NioCorp doesn’t pay back the interest or the loan?

Why isn’t this just a regular private placement? Is it because NioCorp expects to be able to pay off the Notes preventing dilutive shares from hitting the market?

Pursuant to the Purchase Agreement, the Purchasers advanced an aggregate of US$6,960,000 to NioCorp in consideration of the issuance by NioCorp to the Purchasers of US$8,000,000 aggregate principal amount of Notes and the Warrants at the time of Closing.

https://www.niocorp.com/niocorp-announces-closing-of-financing-agreement/
👍️0
ge11 ge11 14 hours ago
106928
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173580410

Thanks grunt 23!!
👍️0
grunt23 grunt23 14 hours ago
Hello Greg:

It is a fun project. We must endure until the time a good pile of green backs is in the books. Maybe I should say a mountain of green backs. In the mean time we need this smaller amount s to keep moving forward.

Have a great one.
👍️ 1
ge11 ge11 14 hours ago
grunt23,

I along with many of the board members here, always appreciate and respect your input on the NioCorp project.

Thank you and Go NioCorp!!

Thanks Richard for passing my message on to grunt23...THANK YOU!!
👍️ 2
LCP77 LCP77 15 hours ago
Yorkville financing was pure genious, for Yorkville. Obviously they were told that NB expects great financing news soon, hence the terms. Yorkville gets to convert the whole amount at $2.75. Plus they got 600k + warrants at $3.25. Huge upside win positioning. If NB’s dreams don’t come true then they default. Then Yorkville converts these notes back to the bid banging terms as per earlier terms. No lose! Huge dilution for NB cultists either way.

Niocorp is desperate to have entered into these for a mere two months of liquidity.
👍️0
grunt23 grunt23 16 hours ago
Hello Greg:

Hope all is well for you and your family. We are both doing fine, enjoying the beautiful weather we are experiencing in the Rockies these days.

Richard sent me a copy of your message.

We are still very positive in the future of "our" company. Haven't posted much recently, I do not want to sound repetitious. We need a mountain of green backs to
get this project to fruition. Nothing different with this statement than some of my post from 2017-2018 time frame.

In reference to your question regarding the PP announced on Friday, just expressing my opinion: Any enterprise needs funds to continue operations. Since we are not producing /selling at this time, we need funds to continue. Since we don't have profits, we must sell a little piece of our project to obtain funds. Pretty straightforward. Fund in the company coffers is a must, therefore it makes the announcement on Friday a real positive occurrence.

In my opinion we need around 20 million USD to finalize the Feasibility Study. (ref: IHUB post 106928) When will it be released, of course I have no idea.

However, the Friday release contains some very interesting facts. Mainly the payback of those funds commences very quickly. So, from that I can only infer that something larger is in the horizon, in a relative short time.

I am mainly interested in the Stellantis participation in our project. Mainly, that Carlos Tavares is involved in the project. An automotive enthusiast at heart and the CEO of one of the largest enterprises in the world. Their main interests are the Scandium/Aluminum master alloy ingots, NdPr oxide as well as the "heavy" REE oxides Terbium and Dysprosium.

I guess, I better go back to my "hole" and stay quiet.

Have a great weekend.



IHUB post 106928
👍️ 8
ge11 ge11 1 day ago
grunt23

Hope all is well with you and Mrs Grunt. I would love to hear your view, and take on this last PP announced on Friday, and anything else you might have to add. Have not heard from you in awhile....Take care and thanks for any input you can give us.....Go NioCorp!!
👍️0
dutchfree dutchfree 1 day ago
Your theory must be right…! Otherwise they don’t use that kind of construction for bridge funding until June.
I think we already will see good news in May. The last couple of days I think that just one instructional banker tanked a lot of shares and is the same one who get that 8 million filed as well…
👍️ 1
AlwaysOptimistic AlwaysOptimistic 1 day ago
Don't assume what candidate a person intends to vote for. I am in favor of whoever keeps the country safe, out of war, promotes policies that foster a healthy economy, reduce interest rates, reduce the national debt, reverse the trade deficit and generate more domestic manufacturing. That's as far as I can go on the subject.
👍️ 2
Truth and Transparency Truth and Transparency 1 day ago
It’s going to get much worse with the SMF in the Oval Office and the clowns in Centennial. You’ll probably vote to retain them all, which is why this country and this company are in such dire financial distress.
👍️0
AlwaysOptimistic AlwaysOptimistic 2 days ago
https://www.netafox.com/news/stocks-suffer-sharpest-weekly-decline-of-2024/
👍️0
Truth and Transparency Truth and Transparency 2 days ago
Pretty pathetic how it takes hundreds of thousands of shares being bought on the ask to raise the needle, but just a few thousand shares to drop it like a rock 🤨
👍️0
AlwaysOptimistic AlwaysOptimistic 2 days ago
I think the advantage you have as a new investor is your not jaded from the many years of believing financing may be just around the corner. EXIM and Stellantis seem like real opportunities. The others seemed vague, nondescript and just lead to dead ends.
👍️ 2
The_Gman The_Gman 2 days ago
I have no insider access and no secret knowledge of mining. All I’m doing is researching what’s publicly available and posting it for all to see and assess on your own. You know what I know. I think it’s extraordinarily difficult to take a position that this EXIM funding isn’t going to happen, as well as all (or most) of the other money (Stellantis and?), as well as possibly others (DoD, DoE), and I’ll be the first to admit I’m wrong, if I’m wrong, which would suck because I lose too. 🤷‍♂️
👍️ 2
The_Gman The_Gman 2 days ago
I mentioned the additional 30 days which is basically a last ditch effort directed to the public/industry to say, “Hey, we’ve researched the crap out of this with experts for months, and we think it’s a good idea, but because it’s the gov’t, we have to ask you if you can you convince us it’s a bad idea?” You have 30 days. Go!
👍️0
AlwaysOptimistic AlwaysOptimistic 2 days ago
24 days remaining plus the addtl 30 days would be June 5th. Bridge financing until what happens?
👍️ 1
The_Gman The_Gman 2 days ago
Mark said that no entity that had passed the first level EXIM review, that still wanted the loan, had ever been denied.
The questionnaire has 24 days remaining. If EXIM is ready to move forward after that, the subsequent posting on the Federal Register for public comment for 30 days is likely just window dressing, maybe akin to someone objecting at a wedding.
Jim responded to a question they are in daily contact with EXIM reviewers so they know what's been asked for and what's been delivered, and may even know what's been commented on to this point. They likely have a very good sense of what direction things are going.
Jim responded to a question, "Fortunately, the Export-Import Bank of the U.S. is charting its own path in terms of seeking to finance domestic critical minerals mining and processing projects." I think this says it all.
If one accepts these as a realities, we may very well know mid-May whether this loan has been at least preliminarily approved by the board. Does that position NioCorp much better regarding this new loan?
EXIM can fund up to 80% of the final cost so if they're willing to up the number for Perpetua based on a 2020 feasibility study and post pandemic inflation, why not NioCorp and $960 million (+)?
https://www.reuters.com/markets/commodities/perpetua-resources-gets-nod-seek-18-bln-us-loan-antimony-mine-2024-04-08/
Did EXIM anticipate 6-9 months initially but then realize it was actually closer to a year for the process to go through once they started evaluating something they had never done before, a domestic mining project?
The National Defense Stockpile Transaction Fund still has $399,946,209 (73.7%) left this year
https://www.usaspending.gov/federal_account/097-4555
Dots...
👍️ 5
monocle monocle 2 days ago
I wonder if they would have ponied up another 8 if asked.

7 million doesn't buy them a lot of time since they have to owe around 6 right now. Really does seem like June or bust for them, unless they have made a calculation that they're willing to be in default for a while on this agreement. I guess they're either that close or that desperate.
👍️0
LCP77 LCP77 2 days ago
I would expect at least a fluff nr early next week to dilute today’s turd nr ahead of presenting to the Euro’s next week. They have about $100,000,000 of skin in this story.
👍️0
monocle monocle 2 days ago
It's a strange juxtaposition though, something great coming close on the heels of something so bad. Doesn't sound like they had any other options.

They couldn't find someone that wanted a few million shares from the shelf offering??
👍️0
AlwaysOptimistic AlwaysOptimistic 2 days ago
Hard to say what is going on behind the scenes. Because PR's have come out of the blue when we least expected them, I would not be surprised if NioCorp releases PR's concurrent in June. Not saying this will happen but I do recall NioCorp coming out with PR's out of the blue before.
👍️0
monocle monocle 2 days ago
Thank you again. They gave themselves 7 weeks to get something done with no new feasibility study. Interesting times...

👍️0
LCP77 LCP77 2 days ago
Sorry I missed answering your first question. Then it would be a default. Interest would go to 18%. Then they would be at Yorkville and co’s mercy to renegotiate terms.
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Prudent Capitalist Prudent Capitalist 2 days ago
That is why I said this morning that this tells me they are very confident of additional funding by June 1st, or they would not have agreed to such a quick start to the re-payment process, Clearly appears to be just temporary bridge funding for critical items.
🌈 1 🍆 1 🚬 1 🤡 1 🩳 1
LCP77 LCP77 2 days ago
It certainly looks that way.

I think they needed money very badly. Being sued at this point while looking for financing would look very bad. Remember the big working capital deficit?

That said, I can not fathom them entering into this shitty dilutive deal on these terms with the belief that default was an option. So, yes, I think they think they have hope that a White Knight rides in.
👍️0
LCP77 LCP77 2 days ago
It certainly looks that way.

I think they needed money very badly. Being sued at this point while looking for financing would look very bad. Remember the big working capital deficit?

That said, I can not fathom them entering into this shitty dilutive deal on these terms without the belief that default was an option. So, yes, I think they think they have hope that a White Knight rides in.
👍️ 1
monocle monocle 2 days ago
Thank you. What happens if equity conditions do not permit on June 1st? Say volume is low and the share price is down? The company has to come up with 1.4 million cash?

Does it sound to you like they are relatively confident real financing is imminent?
👍️0
The_Gman The_Gman 2 days ago
More on potential domestic sources of niobium

Critical Mineral Resources: The U.S. Geological Survey (USGS) Role in Research and Analysis
April 5, 2024
Earth MRI has identified potential critical mineral resources in the United States. Two examples of recent discoveries highlight some of the techniques used to understand the geology.

1. A new REE-niobium-zirconium deposit of volcanic origin has been identified at Pennington Mountain in northern Maine using airborne magnetic and radiometric surveys. A radiometric instrument attached to an aircraft sampled a large area of more than 3,700 square miles for high concentrations of uranium, thorium, and potassium. The survey detected a small area (less than 10 square miles) with a high concentration of thorium. Additional ground-based radiometric surveys, geochemical measurements of rock samples, and some more detailed geologic mapping further located potential mineable REEs with concentrations similar to concentrations found in mines in Australia and China.

2. Gallium, another potential critical mineral resource, has been discovered through an Earth MRI project in mines, mine waste, and related mineral deposits near Bauxite, Arkansas. Laboratory analyses of samples from these locations detected higher than average concentrations of gallium and niobium. Such concentrations may indicate economically mineable deposits.
https://crsreports.congress.gov/product/pdf/R/R48005
👍️0
LCP77 LCP77 2 days ago
How anyone can think this was a good deal is astounding. Essentially NB must get financed very, very soon or Yorkville note holders will have them over a barrel.

Default, then notes are due immediately and go to 18% interest per annum.

Deal highlights:
Borrow $8mm and get only $6.96mm. That’s fat fees and a form of pre-paid interest looks like. These notes convert at $2.75/sh.

Looks like $1.4mm/mo payments starting June 1, excluding August.

Unless “equity conditions permit”. Which is trading at $3.30 or above (120% of $2.75) in the last 5 days of each month. They also must have at least $500,000 dollars of trading volume on each of those days.

Plus it gets even better. Inspite of userous terms they get 615,385 warrants for the privalege of screwing Niocorp shareholders because of management incompetance.

They are betting the farm that someone better than Yorkville appears shortly. And they are paying Yorkville note holders hugely for the ante.
👍️0
monocle monocle 2 days ago
Still trying to understand today's announcement, I'm pretty slow at this kind of thing lol. Definitely seems better than the last Yorkville agreement though. I hope somebody more knowledgeable than me chimes in.

This language is interesting

holders of the Notes will be entitled to convert the principal amount of, accrued and unpaid interest, if any, and any Payment Premium that has become due and payable on each Note, from time to time over their term, into a number of Common Shares equal to the quotient of the amount being converted divided by a fixed conversion price of US$2.75 per Common Share (the "Conversion Price") up to a maximum of 3,141,817 Common Shares

So if on June 1st Niocorp does not have 1.4 million to pay, the entities the entities then convert that amount into shares at $2.75 per?

But it seems like there are conditions that need to be met for that to be an option?

As mentioned above, the Company is required to make payments on each Payment Date until the entire outstanding principal is repaid, but will not have an obligation to make a payment on a Payment Date if the Equity Conditions are satisfied. The "Equity Conditions" means (i) on each of the five consecutive trading days prior a Payment Date (the "Measuring Period") the Underlying Shares Registration Statement (as defined below) is effective and available for the resale by the Purchasers of all Underlying Shares, (ii) the Company has no knowledge of any fact that would cause the Underlying Shares Registration Statement not to be effective and available for the resale of the Underlying Shares, (iii) on each day during the Measuring Period, the Common Shares are designated for quotation on Nasdaq, or on such other market or exchange on which the Common Shares are then listed or traded to the extent such other market or exchange is the principal U.S. trading market for the Common Shares (the "Principal U.S. Market"), and have not been suspended from trading nor have delisting or suspension of trading been threatened or pending, (iv) during the Measuring Period, an event of default has not occurred, (v) on each trading day during the Measuring Period, the daily U.S. dollar volume-weighted average price ("VWAP") for a Common Share on the Principal U.S. Market as reported by Bloomberg Financial Markets is greater than 120% of the Conversion Price, (vi) on each trading day during the Measuring Period the average daily volume traded exceeded US$500,000, and (vii) there is no limitation on conversion under the terms of Notes

What if the share price is $2.50 and they aren't able to make a payment on June 1st?
👍️0
PutzMueler PutzMueler 2 days ago
Who is TH you know the guy who posted the same day as your first post??? Seems to me you were a little confused as to which handle to use.

What a coincidence

I asked you before who it was and I asked if it was your grandson and you said “something like that”
👍️0
AlwaysOptimistic AlwaysOptimistic 2 days ago
Sometimes a company has to do what they can to take them over the finish line. Hopefully, that's the case with this latest announcement. I suggested the other day GX BOD's should consider loaning NioCorp the addtl funds to finish the FS. Just a suggestion. Reaching out to the CEO of Lynas is another one. All of them are billionaires though the CEO of Lynas would be more inclined to buy shares than loan money because NioCorp is a competitor to MP and Lynas. GX BOD's would be more inclined to loan money because they are already vested with shares.
👍️0
Prudent Capitalist Prudent Capitalist 2 days ago
monocle: Are you reading this am's announcement of the $8 Million Private Placement of unsecured notes as being just a deal all with Yorkville? It was my understanding that, although Yorkville is a significant participant, it is not all with Yorkville, and that this is preferable to tapping the standby equity purchase agreement with Yorkville.
🌈 1 🍆 1 🚬 1 🤡 1 🩳 1
th6565 th6565 2 days ago
As a late comer I know I have at least 3 more chances to get back $$$ spent on my NIOBW shares. I will keep my mouth shut while doing so it will not offend anyone.

Let me say this : I don’t do shorting and will take advantage of opportunity to pay off my NIOBW by selling buyback NB shares.
👍️0
AlwaysOptimistic AlwaysOptimistic 2 days ago
My guess is NioCorp mgt wants to see this mine succeed on their watch without a merger or acquisition but anything can happen. If they get EXIM and Stellantis finanicng, I don't see them needing addtl support or the need to merge or be acquired but that can always take place in the future. Maybe Peter Oliver should put NioCorp in touch with the CEO of Lynas. They are both from Australia and probably know each other. If she is the wealthiest person in Australia and owns a rare earth mine, investing in NioCorp is in her wheelhouse.
👍️0
monocle monocle 2 days ago
I respect people's right to be more optimistic than I am about the company's future.

I disagree strenuously though with the idea that Yorkville made an "investment" in Niocorp today. This is a complicated, highly dilutive loan. The fact that this is the best they can do at this point should be worrisome to investors.
👍️ 1
AlwaysOptimistic AlwaysOptimistic 2 days ago
I am more optimistic about NioCorps future but respect other peoples right to suggest otherwise. Today is not a good day for many stocks on the heals of banking news. Even MP Materials stock is down after news that Australia's wealthiest person who owns Lynas Rare Earth mine in Australia has acquired a 5% stake in MP and may acquire or merge the 2 companies and on the heels of news earlier this week from Morgan Stanley that mineral mining development and investment in the US is poised to take off with robust govt support and investment in domestic mining. The fact that some entity was willing to invest $8,000,000 in NioCorp is a vote of confidence and EXIM and Stellantis financing are still on the table. All investments have risks, including the Perpetua mine who has applied for EXIM financing and just received a LOI for 1.8 Bil from EXIM last Monday and even their stock is down today. Share price always goes up on good news and settles down after news until the next news cycle factored in with World news events, reports on inflation, job hiring, bank profitability. The stock market is complicated. For now, I am betting NioCorp gets EXIM and Stellantis financing until proven otherwise but have to admit the journey has been painful and may be for the foreseeable future. I would hope there is more clarity on EXIM coming up on 12 month application process and look forward to seeing addtl news re financing to complet the FS. Just my perspective. PS: I have no issues if NioCorp decides to sell the mine. Maybe the billionaire from Australia should be contacted to invest or consider a merger My guess is NioCorp mgt wants to see this mine succeed but anything can happen.

NioCorp Developments Ltd. (NB) 3.0935 -0.1465 (-4.52%)
MP Materials Corp. (MP) 16.69 -0.61 (-3.53%)
Perpetua Resources Corp. (PPTA) 5.75 -0.51(-8.07%).
👍️ 1
monocle monocle 2 days ago
Lol I hear you. I worry about different things, but I definitely hear you
👍️0
wagner wagner 2 days ago
Below 3...... Next week I said...

Jesus...
👍️0
ge11 ge11 2 days ago
monocle....I worry about everything...that's what I do all day...LOL

Go NioCorp!!
👍️ 1
monocle monocle 2 days ago
Just can't do it. Are you worried about your investment here?
👍️0
ge11 ge11 2 days ago
Buy some warrants??
👍️0
monocle monocle 2 days ago
Can't do it, something just doesn't smell right. A few years ago Mark talked about wanting a cornerstone investor to put up 25 million and now no entity wants to put up 8 million dollars to get 3 million shares for a long-term investment at this depressed price? Stellantis and EXIM pending and still no takers?
👍️0
ge11 ge11 2 days ago
monocle.....time to get back in?????

Go NioCorp!!
👍️0
monocle monocle 2 days ago
The terms definitely are definitely better. Thanks in no small part to the convenient timing of the recent price spike...

👍️0
wagner wagner 2 days ago
Yes.... But why this bridge..... Hate the details.... Other PP at other levels should be preferred... But we have what we have....
Next week under 3 and again waiting....
👍️0
PutzMueler PutzMueler 2 days ago
Must be nice to get the golden goose. 15 year repayment
Plus, special consideration??

Letter of Interest indicates potential financing could provide 15 year repayment tenor under EXIM's Make More In America initiative and may be eligible for special consideration under the China and Transformational Exports Program.

https://www.newswire.ca/news-releases/perpetua-resources-receives-indication-for-up-to-1-8-billion-financing-from-export-import-bank-of-the-united-states-for-stibnite-gold-project-896832717.html
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