Business
NioCorp Provides Preliminary Financial Results for the Fiscal Year Ended June 30, 2024
CENTENNIAL, CO / ACCESSWIRE / August 26, 2024 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) today provided its preliminary financial
About this update from Niocorp Developments Ltd.
[{"type":"text","content":"CENTENNIAL, CO / ACCESSWIRE / August 26, 2024 / NioCorp Developments Ltd. (\"NioCorp\" or the \"Company\") (NASDAQ:NB) today provided its preliminary financial results for the fiscal year ended June 30, 2024.Selected financial results expectations for the periods include:Loss for the fiscal year ended June 30, 2024 of $11.395 million, or $0.30 per share, compared to a loss for the fiscal year ended June 30, 2023 of $40.080 million, or $1.34 per share.NioCorp intends to file its audited consolidated financial statements for the fiscal year ended June 30, 2024 in its Annual Report on Form 10-K on or about September 13, 2024.All figures reported above with respect to the fiscal year ended June 30, 2024 are preliminary and are unaudited and subject to change and adjustment as the Company prepares its consolidated financial statements for the years ended June 30, 2024 and 2023. Accordingly, investors are cautioned not to place undue reliance on the foregoing information. The Company does not intend to provide preliminary results in the future. The preliminary results provided in this news release constitute \"forward-looking information\" and \"forward-looking statements\" within the meaning of applicable Canadian and U.S. securities laws, are based on several assumptions and are subject to a number of risks and uncertainties. Actual results may differ materially. See \"Forward-looking Statements.\"# # #FOR MORE INFORMATION:Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., (720) 334-7066, [email protected]@NioCorp $NB #Niobium #Scandium #Titanium $rareearth #neodymium #dysprosium #terbium #ElkCreekABOUT NIOCORPNioCorp is developing a critical minerals project in Southeast Nebraska (the \"Elk Creek Project\") that is expected to produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Elk Creek Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is ...