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NioCorp holds about $405 million in cash, and the market values the whole company at about $444 million. I tested four bear arguments: rising capital is a priced risk, and scandium, dilution, and EXIM each partly hold. Scandium is 38% of study revenue with no binding buyer and a Chinese price a quarter of the study's.
NioCorp Developments trades at a steep discount to Elk Creek's $3.44B after-tax NPV, with the market valuing the project at just $72M. I rate NB a buy, targeting $8.29 per share based on DCF and P/NAV, but emphasize that financing remains the critical risk. Elk Creek's feasibility study projects $608M average annual EBITDA, 22.8% IRR, and a 40-year life, but capex has risen to $1.849B.
CENTENNIAL, CO / ACCESS Newswire / October 16, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB) today provided its preliminary unaudited financial results for the three-month period ended September 30, 2026, which are presented below.
EXIM Expects to Advance Due Diligence Toward Transaction Review Committee Review as Expeditiously as Practicable Federal and Nebraska Leaders Voice Broad, Unified Support for the Elk Creek Project and its Role in U.S. Critical Minerals Security CENTENNIAL, CO / ACCESS Newswire / October 15, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. critical minerals developer, is pleased to announce that the Export-Import Bank of the United States ("EXIM") reiterated its support on Wednesday to consider providing financing for the cost of constructing the Company's Elk Creek Critical Minerals Project (the "Elk Creek Project") in southeast Nebraska, subject to satisfactory completion of EXIM's current due diligence review of NioCorp's application for debt financing.
NioCorp Developments NASDAQ: NB hosted federal and state officials at its Elk Creek Critical Minerals Mine and Processing Facility site in Nebraska, where company leaders and policymakers emphasized the project's potential role in building domestic supplies of minerals used in defense, aerospace, manufacturing and electronics.
NioCorp Developments Ltd. (NB) Discusses U.S. Export-Import Bank Elk Creek Project and Related Business Matters Prepared Remarks Transcript
Under a New 15-Year Definitive Agreement, Traxys Agrees to Purchase 50% of NioCorp's Planned Ferroniobium Production on a Volumetric Take-or-Pay Basis, with the Remaining 50% Covered by an Existing Offtake Agreement with ThyssenKrupp Traxys Will Have the Exclusive Right to Broker Sales to Industrial and/or Government Customers of NioCorp's Planned Scandium, Titanium and Rare Earth Products Over 15 Years This Major Commercial Milestone is Expected to Support the Advancement of NioCorp's Proposed Debt Financing Package with the U.S. Export-Import Bank CENTENNIAL, CO / ACCESS Newswire / October 13, 2026 / NioCorp Developments Ltd. ("NioCorp," "our," or the "Company") (NASDAQ:NB), a leading U.S. developer of critical minerals, has reached a definitive agreement (the "Agreement") with Traxys North America LLC ("Traxys"), a leading global trader and merchant in the metals and natural resources sectors, resulting in 100% of the Company's planned production from its Elk Creek Critical Minerals Project (the "Elk Creek Project") now being supported by commercial agreements during the first 15 years of operations.
At their Sept. 24 summit, Presidents Trump and Xi agreed that the United States and China would continue working toward resolving supply chain issues related to critical minerals.