NioCorp’s (NASDAQ:NB) Q3 2025 Net Losses Reached USD 42.7 Mn

2 min read | October 13, 2025 06:43 PM AEDT | By Sonal Goyal

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NioCorp’s (NASDAQ:NB) Q3 2025 Net Losses Reached USD 42.7 Mn — Image source: © 2025 Krish Capital Pty. Ltd.

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Highlights

NB’s cash balance reached USD 162.8M as of September 30, 2025.

In Q3 2025, net losses stood at USD 42.7M or USD 0.53 per share.

Adjusted net loss for the quarter totaled USD 8.3M or USD 0.07 per share.

NioCorp Developments Ltd. (NASDAQ:NB) released preliminary unaudited financial results for the three-month period ending September 30, 2025. The company reported a cash balance of USD 162.8M as of September 30, 2025. Net loss for the quarter was USD 42.7M, equivalent to USD 0.53 per share, compared with a net loss of USD 2.1M, or USD 0.05 per share, for the same period in 2024.

On an adjusted basis, excluding certain non-cash items, NioCorp recorded an adjusted net loss of USD 8.3M, or USD 0.07 per share, compared to USD 1.4M, or USD 0.03 per share, for Q3 2024. The increase in net loss largely reflects non-cash losses of approximately USD 32.1M associated with earnout shares and warrants, which are carried out as liabilities.

Operational and Project Developments

During the quarter, NioCorp spent USD 6.8M on the previously announced drilling campaign and feasibility study updates at its critical minerals Elk Creek Project in Southeast Nebraska. The company also acquired an additional 407 acres of land, which, combined with prior acquisitions, covers the Elk Creek Project’s mineral resources and reserves, including areas needed for construction once project financing is secured.

As part of ongoing project funding, NioCorp may receive up to USD 10.0M in reimbursements from the U.S. Department of Defense upon achieving specific project milestones related to engineering, reserve drilling, and updated cost estimates.

Equity Offerings and Shareholder Updates

NioCorp completed three equity offerings during Q3 2025, raising a combined USD of 155.0M. This includes a public offering of 13,850,000 common shares at USD 3.25 per share, a registered direct offering of 10,000,000 shares at USD 5.00 per share, and a public offering of 9,760,000 shares or pre-funded warrants at USD 6.15 per share.

About NioCorp

NioCorp is developing the Elk Creek Project in Southeast Nebraska to produce niobium, scandium, titanium, and evaluate additional rare earth elements. These minerals are used across industrial, defense, and energy applications, including specialty alloys, high-strength steels, aluminum alloys, fuel cells, aerospace, medical implants, and permanent magnets.

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