NioCorp Developments Ltd.
- Open
- 4.80
- Day high
- 4.93
- Day low
- 4.76
- Prev close
- 4.82
- Volume
- 241K
- Mkt cap
- $702M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 1.6
- P/S
- —
- Yield
- —
- Per share
- —
NioCorp Developments Ltd. (NB) is a Basic Materials company listed on NASDAQ. The stock is up 120% over the past year. Drillr has 2 published research articles covering NB.
NioCorp Developments Ltd. (NB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
NB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 14, 2026 | $-0.02 | $-0.02 | +0.0% | — | — |
| Feb 6, 2026 | $-0.88 | $-0.05 | +94.3% | — | — |
| Nov 13, 2025 | $-0.09 | $-0.11 | -22.2% | — | — |
| Sep 11, 2025 | $-0.17 | $-0.20 | -17.3% | — | — |
| May 8, 2025 | $-0.11 | $-0.12 | -9.1% | — | — |
| Feb 7, 2025 | $-0.03 | $-0.01 | +66.7% | — | — |
| Nov 13, 2024 | $-0.05 | $-0.05 | +0.0% | — | — |
| Sep 23, 2024 | — | $-0.53 | — | — | — |
| May 2, 2024 | — | $-0.11 | — | — | — |
| Feb 13, 2024 | — | $-0.09 | — | — | — |
| Jun 1, 2023 | — | $-0.14 | — | — | — |
| Feb 13, 2023 | — | $-0.08 | — | — | — |
NB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 5, 2025 | Cleave Ernest M.officer: Senior VP Business Development | Grant | 100,000 | $4.35 |
| Sep 2, 2025 | Fulton Anthony Wdirector | Grant | 50,000 | $4.35 |
| Aug 20, 2025 | Sims James T.officer: Chief Communications Officer | Grant | 250,000 | $4.35 |
| Aug 20, 2025 | Shah Neal S.officer: Chief Financial Officer | Grant | 250,000 | $4.35 |
| Aug 20, 2025 | Oliver Peter Robertdirector | Grant | 60,000 | $4.35 |
| Aug 20, 2025 | Kehler Dean Cdirector | Grant | 50,000 | $4.35 |
| Aug 20, 2025 | Honan Scottofficer: Chief Operating Officer | Grant | 250,000 | $4.35 |
| Aug 20, 2025 | Guerrero-Mahon Nilsadirector | Grant | 55,000 | $4.35 |
| Aug 20, 2025 | BELING DAVID COATESdirector | Grant | 50,000 | $4.35 |
| Aug 20, 2025 | Smith Mark A.director, officer: President & CEO | Grant | 375,000 | $4.35 |
| Aug 20, 2025 | Maselli Michael G.director | Grant | 50,000 | $4.35 |
| Dec 23, 2024 | Smith Mark A.director, officer: President & CEO | Grant | 150,000 | $1.40 |
| Dec 23, 2024 | BELING DAVID COATESdirector | Grant | 50,000 | $1.40 |
| Dec 23, 2024 | Morris Michael Jamesdirector | Grant | 75,000 | $1.40 |
| Dec 23, 2024 | Honan Scottofficer: Chief Operating Officer | Grant | 100,000 | $1.40 |
Source: NB SEC Form 4 filings, latest Sep 5, 2025. For informational purposes only — not investment advice.
See the full NB insider & 13F page →NB research & analysis
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NioCorp Developments Ltd. company profile
Overview
NioCorp Developments Ltd. (NASDAQ:NB) is a mineral exploration and development company that was incorporated in 1987 and went public on NASDAQ in March 2023. Originally known as Quantum Rare Earth Developments Corp., the company changed its name to NioCorp Developments Ltd. in March 2013. Headquartered in Centennial, Colorado, NioCorp is focused on developing what could become one of North America's most significant sources of critical minerals including niobium, scandium, and titanium through its flagship Elk Creek project in Nebraska.
Business
NioCorp operates in the critical minerals mining sector, specifically focusing on the exploration and development of rare earth and specialty metal deposits. The company's primary asset is the Elk Creek project, located in Johnson County, southeast Nebraska, which contains significant deposits of three strategically important minerals. The project encompasses 226.43 acres of owned land with associated mineral rights, plus an additional 40 acres of mineral rights, and an optioned land package covering 1,396 acres. The three target minerals serve distinct industrial purposes: Niobium is a critical metal used primarily in high-strength steel alloys for infrastructure, automotive, and aerospace applications, making steel lighter and stronger. Scandium is an extremely rare earth element used in advanced aluminum alloys for aerospace applications and solid oxide fuel cells. Titanium is widely used in aerospace, medical implants, and chemical processing due to its strength, light weight, and corrosion resistance. Currently, NioCorp is in the pre-production development phase, meaning it has not yet begun commercial mining operations. The company is working through the complex process of mine permitting, engineering studies, and securing financing to bring the Elk Creek project into production. This positions NioCorp as a development-stage company rather than an operating mining company.
Competitive moat
NioCorp's competitive position is primarily based on resource scarcity and geographic advantages rather than traditional business moats. The company's main competitive advantage lies in controlling one of the few known significant niobium and scandium deposits in North America. This is particularly valuable given that most global niobium production is concentrated in Brazil, and scandium has very limited global production sources. The regulatory and permitting barriers in the mining industry create some protection from new entrants, as the process of bringing a new mine online typically takes many years and requires substantial capital investment. Additionally, NioCorp's location in Nebraska provides potential advantages in terms of political stability, established mining regulations, and proximity to major industrial customers compared to many international mining operations. However, the company's moat is relatively narrow. Substitute materials could potentially reduce demand for these specialty metals if alternative technologies or materials are developed. The company also faces potential competition from other mining projects that may be developed, recycling operations that could increase secondary supply, and imports from established international producers. The capital-intensive nature of mining operations means that once competitors establish production, they can potentially achieve similar cost structures. The strength of NioCorp's position will ultimately depend on the economics of its specific deposit and its ability to execute the development plan efficiently.
Risks & safety
NioCorp presents significant financial risk as a pre-revenue development company with limited cash resources and ongoing operational losses. 1. **Cash Position and Burn**: The company had only $1.3 million in cash as of Q3 2024, representing a critically low liquidity position. Historical cash burn has been substantial, with negative operating cash flows ranging from $1.3 million to $17.3 million annually. 2. **Debt and Solvency**: Current ratio of 1.22 in Q3 2024 shows marginal short-term liquidity. The company carries minimal debt (debt-to-equity of 0.02), but this reflects limited access to credit rather than conservative financial management. 3. **Development Stage Risk**: Zero revenue generation with no clear timeline to production creates substantial execution risk. The company requires significant additional capital to complete mine development. 4. **Valuation Concerns**: Negative earnings make traditional valuation metrics unreliable. Price-to-book ratio of 10.8x suggests the stock trades at a premium to tangible assets. 5. **Going Concern**: The combination of minimal cash, ongoing losses, and capital-intensive development requirements raises questions about the company's ability to complete its development plan without substantial additional financing.
Recent development
Based on the available financial data, NioCorp has been primarily focused on maintaining its development project while managing limited financial resources. The company has experienced significant financial volatility, with a notable positive net income of $60.3 million in Q3 2024 compared to consistent losses in previous periods, though this appears to be a one-time event rather than operational improvement. The company has been working through the complex regulatory and permitting process required for mining operations, which is typical for development-stage mining companies. This process involves environmental impact assessments, securing various federal and state permits, and completing detailed engineering studies to demonstrate project viability. NioCorp has likely been engaged in ongoing feasibility studies and resource definition work to better understand the economics of the Elk Creek project. Development-stage mining companies typically conduct extensive drilling programs, metallurgical testing, and economic modeling to optimize their extraction processes and demonstrate project viability to potential investors and lenders. The company's financial position has remained challenging throughout the reporting periods, indicating that securing additional financing remains a critical priority. This is typical for mining development companies, which often require substantial capital investments before generating any revenue. The company may be exploring various funding options including equity raises, debt financing, or strategic partnerships to advance the project toward production.
NB company profile · for informational purposes only — not investment advice.
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