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NioCorp Provides Preliminary Unaudited Financial Results for the Three- and Six-Month Periods Ended December 31, 2025
CENTENNIAL, CO / ACCESS Newswire / January 12, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB) today provided its
About this update from Niocorp Developments Ltd.
[{"type":"text","content":"CENTENNIAL, CO / ACCESS Newswire / January 12, 2026 / NioCorp Developments Ltd. (\"NioCorp,\" \"our,\" or the \"Company\") (NASDAQ:NB) today provided its preliminary unaudited financial results for the three- and six-month periods ended December 31, 2025.As of December 31, 2025, the Company had a record cash balance of $307 million following a period of significant derisking of the Elk Creek Critical Minerals Project (the \"Project\"). During the six-month period, the U.S. Department of Defense awarded Elk Creek Resources Corp. up to $10 million to support certain activities related to the Elk Creek Critical Minerals Project; NioCorp completed an infill drilling campaign for the Project; closed on the acquisition of scandium alloy manufacturing assets of FEA Materials LLC; completed land purchases necessary to secure ownership of all land needed for the Project; and entered into agreements with the U.S. Department of Defense and Lockheed Martin related to scandium-based technologies for potential defense applications.The Company's results for the three- and six-month periods ended December 31, 2025 are presented below. Certain information in the following discussion is presented on a Non-GAAP basis, including adjusted net loss and adjusted net loss per share.The Company reported a net loss of $0.8 million, or $0.02 per share, compared to a net loss of $0.5 million, or $0.01 per share, for the three months ended December 31, 2024. On an adjusted basis, the Company reported an adjusted net loss of $5.3 million, or $0.06 per share, compared to an adjusted net loss of $1.9 million, or $0.05 per share, for the prior-year period.¹The Company reported a net loss of $43.4 million, or $0.44 per share, compared to a net loss of $2.5 million, or $0.06 per share, for the six months ended December 31, 2024. On an adjusted basis, the Company reported an adjusted net loss of $13.6 million, or $0.15 per share, compared to an adjusted net loss of $3.3 million, or $0.08 per share, for the prior-year period.¹The net loss for the three months ended December 31, 2025 primarily reflects non-cash gains of approximately $5.9 million related to earnout shares and warrants classified as liabilities on the consolidated balance sheet, driven by a slight decrease in the closing price of the Company's common shares between September 30, 2025 and December 31,...