7 Feb 2020quarterly activities report▼ Bad
NIOCORP DEVELOPMENTS LTD reported a quarterly net loss of $1.1 million for the period ended 2019-12-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
17 Jan 2020debt financing● Neutral
NioCorp amended its credit facility with CEO Mark Smith again.
8 Nov 2019quarterly activities report▼ Bad
NIOCORP DEVELOPMENTS LTD reported a quarterly net loss of $1.0 million for the period ended 2019-09-30.
16 Aug 2019debt financing● Neutral
NioCorp drew another $125,000 from CEO Mark Smith's personal credit line, leaving $1.395 million of that facility undrawn.
5 June 2019debt financing● Neutral
NioCorp again extended its loan and credit-facility agreements with CEO Mark Smith.
30 May 2019resource reserve update▲ GoodMajor
NioCorp filed its 2019 feasibility study for the Elk Creek Project, showing a higher $2.57 billion pre-tax project value, stronger returns and a longer mine life than its 2017 study.
14 May 2019capital raising announcement▲ Good
Closed the final tranche of that placement, C$0.77 million more -- total raise about C$1.77 million.
10 May 2019quarterly activities report▼ Bad
NIOCORP DEVELOPMENTS LTD reported a quarterly net loss of $1.5 million for the period ended 2019-03-31.
2 May 2019capital raising announcement● Neutral
Closed the first tranche of a new private placement, C$1.0 million (1,666,664 units at C$0.60).
What it means for a shareholder
1.7m new shares at C$0.600 to raise about C$1.0m. That's 0.73% dilution: every existing holder's slice gets 0.73% smaller. If you held C$1,000 of shares (1,667 at the issue price), your slice goes from 0.000735% to 0.00073% of the company. To keep it you'd need 12 more shares - about C$7 at the issue price.
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5 Apr 2019securities registration● Neutral
NIOCORP DEVELOPMENTS LTD amended an already-effective registration statement.
22 Mar 2019capital raising announcement▼ Bad
Converted another $1.05 million of Lind principal across three more monthly tranches, prices holding steady around C$0.50-0.52.
13 Feb 2019securities registration● Neutral
NIOCORP DEVELOPMENTS LTD filed the final prospectus for a registered offering.
8 Feb 2019quarterly activities report▼ Bad
NIOCORP DEVELOPMENTS LTD reported a quarterly net loss of $2.5 million for the period ended 2018-12-31.
26 Dec 2018capital raising announcement▼ BadMajor
Converted $1.05 million more Lind principal across three monthly tranches at prices between C$0.45 and C$0.51, and separately collected C$86,250 from warrant holders exercising at C$0.75.
21 Dec 2018securities registration● Neutral
NIOCORP DEVELOPMENTS LTD registered a securities offering with the SEC using its shelf eligibility.
8 Nov 2018quarterly activities report▼ Bad
NIOCORP DEVELOPMENTS LTD reported a quarterly net loss of $1.7 million for the period ended 2018-09-30.
2 Oct 2018capital raising announcement▲ GoodMajor
Closed the final tranche of the placement (C$1.3 million more, total C$3.14 million raised) and converted $350,000 more Lind principal at C$0.458/share.
28 Sept 2018securities registration● Neutral
NIOCORP DEVELOPMENTS LTD filed notice of an exempt private placement.
18 Sept 2018capital raising announcement▲ GoodMajor
Closed the first tranche of the upsized placement, C$1.84 million (2,917,587 units at C$0.63).
What it means for a shareholder
2.9m new shares at C$0.630 to raise about C$1.8m. That's 1.3% dilution: every existing holder's slice gets 1.3% smaller. If you held C$1,000 of shares (1,587 at the issue price), your slice goes from 0.000738% to 0.000729% of the company. To keep it you'd need 22 more shares - about C$14 at the issue price.
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12 Sept 2018capital raising announcement▲ Good
Upsized the same placement to C$3 million on strong demand.
29 Aug 2018capital raising announcement● Neutral
Announced another C$2 million non-brokered private placement.
24 July 2018capital raising announcement▼ Bad
Converted $1 million more under the new Lind agreement across three tranches in six weeks, at prices around C$0.53-0.58.
9 July 2018capital raising announcement● Neutral
Funded the new Lind agreement, issuing just over 1 million warrants at C$0.77 -- a modestly higher strike than recent Lind warrants, suggesting some share-price stabilization.
2 July 2018capital raising announcement▼ BadMajor
Signed a brand-new convertible security funding agreement with Lind Partners (superseding the fully-drawn December 2015 facility): a $1.0 million advance for an $1.2 million face convertible security at 10% implied interest -- a second-generation version of the same financing relationship.
24 May 2018capital raising announcement▼ Bad
Converted $900,000 more Lind principal at prices around C$0.49-0.50 -- among the lowest conversion prices in the facility's history so far.
16 May 2018securities registration● Neutral
NIOCORP DEVELOPMENTS LTD amended an already-effective registration statement.
16 May 2018securities registration● Neutral
NIOCORP DEVELOPMENTS LTD amended an already-effective registration statement.
15 May 2018securities registration● Neutral
NIOCORP DEVELOPMENTS LTD filed the final prospectus for a registered offering.
11 May 2018quarterly activities report▼ Bad
NIOCORP DEVELOPMENTS LTD reported a quarterly net loss of $3.1 million for the period ended 2018-03-31.
10 May 2018securities registration● Neutral
NIOCORP DEVELOPMENTS LTD filed the final prospectus for a registered offering.