NioCorp Developments Releases 10-Q Report

By Chris Stiles • Saturday, February 07 16:46 • Permanent Link

NioCorp Developments Ltd. has recently released its 10-Q report, providing an insight into the company's financial condition and operational results. NioCorp Developments Ltd. is engaged in the exploration and development of mineral deposits, with its principal mineral property being the Elk Creek niobium, scandium, and titanium project located in Nebraska. The company is also involved in the research and development of aluminum-scandium alloys and other business activities.

In the 10-Q report, NioCorp Developments Ltd. discusses its management's discussion and analysis of financial condition and results of operations. The report includes forward-looking statements and forward-looking information that involve risks, uncertainties, and assumptions. The company has disclosed that all currency amounts are stated in thousands of U.S. dollars, except for share data, unless noted otherwise. NioCorp Developments Ltd. also uses certain non-GAAP financial measures, and the report contains a detailed description of each of the non-GAAP measures used.

The report emphasizes that forward-looking statements have been based upon the company's current business and operating plans, approved by the Board, and may include statements regarding the financial and business performance of NioCorp, planned exploration activities, and the adequacy of the company's financial resources. The report also outlines the risks and uncertainties that may affect the company's forward-looking statements, including factors such as NioCorp's requirement of significant additional capital, the stability of the financial and capital markets, and variations in the market demand for metals.

NioCorp Developments Ltd. is focused on advancing its Elk Creek Project to commercial production and is currently carrying out near-term planned work programs associated with securing the project financing package necessary to complete mine development and construction of the Elk Creek Project. Additionally, the company recently acquired certain manufacturing assets and intellectual property related to aluminum-scandium alloy production, intended to support a potential future domestic scandium supply chain, subject to financing and development. Today the company's shares have moved 3.93% to a price of $6.61. Check out the company's full 10-Q submission here.

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