NioCorp Developments Ltd. (NB)

NioCorp's stock price has experienced significant movements over the past six months, with a substantial increase of 325.77% from October 28, 2024, to October 24, 2025. In July 2025, NioCorp announced the closing of a $45.0 million public offering of common shares. In August 2025, the company successfully raised approximately $60.7 million from equity offerings to accelerate pre-construction activities at the Elk Creek Project. In October 2025, NioCorp's subsidiary was awarded up to $10 million by the U.S. Department of Defense to support the establishment of a domestic scandium mine-to-manufacture supply chain, announced a strategic collaboration with Lockheed Martin to develop scandium-based defense technology, successfully cast an aluminum-scandium alloy, announced a proposed public offering of common shares in the U.S., and experienced unusual activity in its options market.

There is no indication of significant demand seasonality for NioCorp Developments Ltd.'s primary products. The demand for these critical minerals is driven by long-term trends in industries such as automotive, aerospace, infrastructure, and clean energy technologies. China's export controls on rare earth elements and scandium are amplifying the urgency for domestic supply in the U.S., indicating a consistent and growing strategic demand rather than seasonal fluctuations.

NioCorp Developments Ltd. operates in the Materials sector, focusing on the exploration and development of mineral deposits, with a strategic emphasis on critical minerals for advanced technologies, clean energy, and national security. The company's major products planned for production from the Elk Creek Project include niobium, scandium, and titanium. Niobium is used to strengthen steel, scandium is crucial for advanced aluminum alloys, and titanium is planned for production as high-grade titanium dioxide. The company is also evaluating the potential to produce other rare earth elements.

NioCorp Developments Ltd.'s primary geographic footprint is centered around its Elk Creek Critical Minerals Project, located in Johnson County, southeast Nebraska, USA. The project encompasses 227 acres of land and associated mineral rights, with additional surface and mineral rights, and an optioned land package covering 1,272 acres.

NioCorp's brand reputation has been shaped by its strategic positioning in the critical minerals sector and its efforts to establish a domestic supply chain in the U.S. The company benefits from a positive perception due to its focus on minerals vital for clean technologies and national security, aligning with U.S. government priorities. The U.S. Department of Defense funding and collaboration with Lockheed Martin have positively impacted its reputation. However, a critical article questioned the viability of NioCorp's scandium revenue projections, suggesting they were unrealistic, which could negatively impact investor confidence.

NioCorp Developments Ltd. has a diverse ownership structure, including institutional, retail, and individual investors. As of recent filings, the company has 161 institutional owners and shareholders holding a total of 16,134,972 shares. Major institutional owners include BlackRock, Inc., Private Management Group Inc., Vanguard Group Inc., Alyeska Investment Group, L.P., Northern Trust Corp, Geode Capital Management, Llc, and iShares. Approximately 6.02% of the company's stock is owned by institutional investors, 4.20% by insiders, and 89.79% by public companies and individual investors.