12:45 PM EDT, 10/15/2025 (MT Newswires) -- NioCorp Developments ( NB ) said Wednesday it has closed its "at the market" direct offering of about 16.1 million shares, or pre-funded warrants at $9.34 per share for gross proceeds of around $150.2 million.

The company said it plans to use the proceeds for working capital and general corporate purposes, including advancing construction and commercialization of its Elk Creek Project.

Shares of NioCorp Developments ( NB ) were down by about 18% in recent Wednesday trading.

Price: 9.52, Change: -2.16, Percent Change: -18.47