NioCorp Developments (NB) said Tuesday that it has priced a public offering of up to 20 million common shares or pre-funded warrants at $5 apiece or $4.9999 per warrant to raise gross proceeds of $100 million.
NioCorp said it intends to use the net proceeds from the offering for working capital and general corporate purposes, including advancing a critical minerals project in Southeast Nebraska toward commercial operation.
The offering is expected to close on Wednesday, the company said.
Shares of the company were down 2.9% in recent trading.
Price: 5.42, Change: -0.13, Percent Change: -2.34
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