NioCorp Developments Ltd. (T:NB)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 7000 S Yosemite St Ste 115 CENTENNIAL CO 80112-2004 |
| Tel: | 1-855-2646267 |
| Website: | https://www.niocorp.com |
| IR: | See website |
| Key People | ||
| Mark A. Smith Executive Chairman of the Board, President, Chief Executive Officer | Neal S. Shah Chief Financial Officer, Corporate Secretary | Scott Honan Chief Operating Officer | Jim Sims Chief Communications Officer |
| Business Overview |
| NioCorp Developments Ltd. is a mineral exploration company. The Company, through its subsidiary, Elk Creek Resources Corporation, is engaged in the acquisition, exploration, and development of mineral properties. The Company is developing a superalloy materials project namely the Elk Creek niobium/scandium/titanium property (the Elk Creek Project). The Elk Creek Project is located near Elk Creek, southeast Nebraska, the United States of America. The Company's Project is located approximately 75 kilometers (kms) southeast of Lincoln, Nebraska and 110 kms south of Omaha, Nebraska. The Property consists of 226-acre parcel of land owned along with eight option to purchase agreements (OTP) covering approximately 565 hectares (ha). The Company's Elk Creek Property is a niobium, scandium, and titanium exploration project. The Project includes the Elk Creek carbonatite (the carbonatite) that intruded older precambrian granitic and low to medium grade metamorphic basement rocks. |
| Financial Overview |
| For the six months ended 31 December 2023, NioCorp Developments Ltd revenues was not reported. Net loss increased 3% to $6.5M. Higher net loss reflects Elk Creek Niobium/Scandium/Titanium segment loss increase of 48% to $6.4M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.22 to -$0.20. |
| Employees: | 7 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $125.61M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$53.92M as of Dec 31, 2023 |
| Net annual income (TTM): | -$55.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$24.30M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6.65M as of Dec 31, 2023 |
| Shares outstanding: | 35,420,765 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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