09:13 AM EDT, 10/13/2025 (MT Newswires) -- NioCorp Developments ( NB ) said Monday it has priced a direct offering of up to about 16.1 million shares or pre-funded warrants at $9.34 per share, for gross proceeds of around $150.2 million.

The offering is expected to close on Wednesday, the company said.

NioCorp said it plans to use net proceeds from the offering for general corporate purposes, including the possible launch of construction and commercial operation of its Elk Creek Project.

Shares of NioCorp were up more than 2% in recent premarket activity Monday.