NioCorp Developments said it swung to a profit in the quarter ended Sept. 30, 2026, reporting net income attributable to the company of $3.7 million, or $0.03 a share, compared with a net loss of $42.7 million, or $0.53 a share, a year earlier.
The change was driven largely by non-cash gains of about $8.5 million tied to earnout shares and warrants classified as liabilities. In the same quarter of 2025, those same instruments produced non-cash losses of about $32.1 million.
Cash on hand reached $405.1 million at Sept. 30, 2026.
Operating cash outflows for the quarter totaled $6.1 million, with most of that coming from general and administrative expenses and costs related to finalizing and issuing the technical and economic study for the Elk Creek critical minerals project. Investing outflows were $5.9 million, mainly reflecting additional spending on construction of the mine portal at Elk Creek.
The company said it expects to file its quarterly report for the period on or before Nov. 16, 2026. The market has reacted to these announcements by moving the company's shares 3.82% to a price of $3.26. If you want to know more, read the company's complete 8-K report here.
