NioCorp Developments swings to $3.7M profit

By Greg Peters • Saturday, October 17 16:08 • Permanent Link

NioCorp Developments said it swung to a net income attributable to the company of $3.7 million, or $0.03 a share, for the three months ended Sept. 30, 2026, from a net loss of $42.7 million, or $0.53 a share, in the same period a year earlier.

The improvement was driven largely by non-cash gains of about $8.5 million tied to earnout shares and warrants classified as liabilities, compared with non-cash losses of about $32.1 million on those same instruments in the third quarter of 2025.

Cash on the balance sheet stood at $405.1 million at Sept. 30, 2026.

Operating cash outflows in the latest quarter were $6.1 million, with most of that tied to general and administrative costs and work on finalizing and issuing the technical and economic study for the Elk Creek critical minerals project. Investing outflows totaled $5.9 million, reflecting additional spending on construction of the mine portal at Elk Creek. Following these announcements, the company's shares moved 3.82%, and are now trading at a price of $3.26. For the full picture, make sure to review NIOCORP DEVELOPMENTS's 8-K report.

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