NioCorp Concludes $45 Million Public Offering

NioCorp Developments Ltd. has successfully closed its public offering in the U.S., raising approximately $45 million through the sale of 13,850,000 common shares at $3.25 each. Maxim Group LLC served as the sole placement agent. The net proceeds are intended for general corporate purposes and to advance the Elk Creek Project towards commercial operation.

This offering was conducted under an effective shelf registration with the U.S. Securities and Exchange Commission (SEC). The funds will support NioCorp's operations, including the Elk Creek Project, which aims to produce niobium, scandium, and titanium, along with potential rare earths extraction.

No securities were offered to Canadian buyers, adhering to regulatory compliance. The prospectus is accessible via the SEC's website and the SEDAR+ platform.