NB · NASDAQ · Industrial Materials

NioCorp Developments (NB)

Advancing Elk Creek for planned niobium, scandium, titanium, and potential rare-earth products.

$3.75
After hours+0.02 (+0.40%)
At close$3.74(+0.40%)
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NioCorp Developments Ltd.NB
Materials

Develops the Elk Creek critical-minerals project in southeast Nebraska, targeting planned niobium, scandium, titanium, and possible magnetic rare-earth products. The business has one U.S. operating segment, no current operating revenue, and depends on project financing, technical work, offtake, permitting, construction, and infrastructure execution.

Develops Elk Creek, a southeast Nebraska underground mine and processing project planned around ferroniobium and niobium products, scandium oxide and related forms, titanium products, and possible magnetic rare earths if technical and economic work supports them.

Operates through one United States segment focused on exploration, development, and care-and-maintenance activities at Elk Creek. Commercial production has not started, and the company reports no operating revenue from its properties.

Executes a financing-and-engineering agenda: project financing, EXIM due diligence, feasibility updates, offtake arrangements, and construction-readiness work. The business depends on securing full project financing, completing permitting and infrastructure steps, and moving Elk Creek from development-stage property to commercial operation.

Company facts

CEOMark A. Smith
ListedMar 21, 2023
ExchangeNASDAQ
HeadquartersCentennial, CO
CountryUnited States
Employees7
CIK0001512228
ISINCA6544846091

Market cap$541.6M
EPS (ttm)−$0.7178
P/E (ttm)−5.18
ROE-21.4%
P/B1.24
P/S
Dividend yieldDiv yield
Beta3.04vs XLB 0.54

Price target$7.35+95.5%Average of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 2, 2026JefferiesInitiate
Rating: Target:
Rating: HoldTarget: $4.70
Apr 9, 2026H.C. WainwrightTarget
Target: $11.25
Target: $10
Jan 12, 2026H.C. WainwrightTarget
Target: $9.50
Target: $11.25
Jan 7, 2026Loop Capital MarketsTarget
Target:
Target: $8.70
Dec 8, 2025H.C. WainwrightTarget
Target:
Target: $9.50

Next report
Nov 12, 26
estimated · in 51 days
EPS estimate
−$0.04
Revenue estimate
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Feb '25May '25Sep '25Nov '25Feb '26May '26Sep '26Nov '26
Reported−$0.01−$0.12−$0.20−$0.11−$0.05−$0.02−$0.03Pending
Estimate−$0.01−$0.15−$0.17−$0.09−$0.05−$0.02−$0.04−$0.04
Surprise0.0%+20.0%−17.6%−22.2%0.0%0.0%+5.1%

RevenueReportedEstimate

Feb '25May '25Sep '25Nov '25Feb '26May '26Sep '26Nov '26
ReportedPending
Estimate
Surprise
Estimate−$0.04
ReportedDue Nov 12, 2026
Estimate
ReportedDue Nov 12, 2026
View details

Debt to equity0.10%
Current ratio3,107.60%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$819.0K−$2.1M−$450.0K−$5.3M−$9.6M−$40.0M−$623.0K$669.0K
Net margin

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income−$2.3M−$1.4M−$2.9M−$2.6M−$5.1M−$12.0M−$9.5M−$7.3M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss widenedLoss widened

Balance sheet, Mar 31, 2026Cash & short-term investments $421.3M · Total debt $379.0K · Total assets $469.0M · Shareholders' equity $435.4M

Revenue
$0
Operating income
−$7.3M
Net income
$669.0K
View details

No dividends on record.

Institutions33.71%49.08M shares
223 holders · as of Jun 30, 2026
Insiders2.35%3.43M shares
4 holders · as of Dec 15, 2025
Other63.94%93.08M shares
remainder

145.59M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

1 position filed across a stock split leaves its adjustment unstated and stays out of the bar.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
6.33%9.22Mas of Jun 30, 2026
Brevan Howard Capital Management LPInstitution
4.86%7.08Mas of Jun 30, 2026
State Street CorpInstitution
1.72%2.50Mas of Jun 30, 2026
Mark A. SmithInsiderdirector, officer: President & CEO
1.59%2.32Mfiled Dec 15, 2025
Private Management Group IncInstitution
1.47%2.15Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • MP Materials

    U.S. rare-earth producer and magnetics peer

  • Rio Tinto (ADR)

    Scandium and titanium feedstock incumbent

  • Energy Fuels

    U.S.-based rare-earth and mineral-sands supply-chain peer

  • Tronox

    Vertically integrated titanium dioxide producer

  • USA Rare Earth

    Emerging U.S. rare-earth mine-to-magnet developer

CompareAfter hours

CompanyPriceChange
NioCorp Developments$3.75+0.40%$541.6M
MP Materials$51.00−0.10%$8.90B154.929.1+89.0%
Rio Tinto (ADR)$97.49−0.01%$157.69B13.22.6+57.4%
Energy Fuels$12.17+0.16%$3.07B29.1+496.1%
Tronox$4.40+0.11%$687.5M0.2+18.7%
USA Rare Earth$17.01+0.15%$2.23B169.1
Median13.2154.929.1+73.2%