NioCorp Finalizes Public Offering, Raising $20.8 Million

NioCorp Developments Ltd. has announced the successful closure of its public offering in the U.S., which accumulated approximately $20.8 million in gross proceeds. The offering included the sale of 7,692,308 common shares at $2.60 each, surpassing initial expectations with additional revenue from the partial exercise of an over-allotment option by the underwriter.

Maxim Group LLC was the sole book-running manager for this transaction. The offering followed a shelf registration statement effective since June 2024, allowing securities sales outside Canada. This strategic financial move aims to support NioCorp's ongoing projects and commitments.

No securities were sold in Canada, highlighting the regulatory constraints the company navigates in diverse jurisdictions. The full details and terms are accessible through the SEC's website.