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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
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: $119.69M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$53.41M as of Dec 31, 2023
Net annual income (TTM): -$54.48M as of Dec 31, 2023
Free cash flow (TTM): -$24.07M as of Dec 31, 2023
Net Debt Last Fiscal Year: $6.59M as of Dec 31, 2023
Shares outstanding: 34,091,844 as of Feb 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization