NioCorp Developments Ltd · Q3 2026 earnings

Briefing

NioCorp Developments Ltd reported net income for the third quarter ended March 31, 2026.

NioCorp, a development-stage company advancing the Elk Creek Project, reported net income attributable to the Company of $669 thousand for the three months ended March 31, 2026, driven by fair value adjustments and interest income offsetting operating expenses. The company completed significant equity financings, raising substantial cash to support project development and construction activities. Cash and cash equivalents reached $419.2 million at quarter end, providing liquidity for ongoing exploration, engineering, and permitting efforts.

• Net income attributable to shareholders was $669 thousand for Q3 2026, reversing a prior-year loss primarily due to favorable fair value changes in liabilities and interest income.
• Cash position strengthened significantly to $419.2 million following multiple equity offerings and warrant exercises during the nine-month period.
• Exploration and development expenditures increased to $1.7 million in the quarter as the company advanced the Elk Creek Project feasibility study and portal construction.
• The company maintains a pre-revenue status with total assets of $469.0 million and continues to focus on securing additional financing for full project construction.

Headline financials

Revenue & EPS history

Management expects to incur $65-75 million in cash outflows over the next twelve months to advance the Elk Creek Project and maintain corporate operations while pursuing project financing.