4 Oct 2022merger communication● Neutral
Further SEC filing related to the pending GXII merger.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Oct 2022merger communication● Neutral
Further SEC filing related to the pending GXII merger.
30 Sept 2022merger communication● Neutral
Further SEC filing related to the pending GXII merger.
29 Sept 2022merger communication● Neutral
NioCorp and GXII's sponsor formally signed supporting agreements locking in the sponsor's backing for the merger, including share-transfer restrictions tied to future NioCorp stock-price milestones.
29 Sept 2022business combination● Neutral
NioCorp disclosed the support agreements signed alongside its GXII merger agreement, under which GXII's sponsor and holders agreed to vote in favor of the deal.
27 Sept 2022merger communication● Neutral
A local TV news story on the newly announced GXII deal, in which CEO Mark Smith said it could push NioCorp's market value to about $600 million.
26 Sept 2022merger communication● Neutral
A duplicate SEC filing of the same GXII combination announcement.
26 Sept 2022business combination▲ GoodMajor
NioCorp agreed to combine with Nasdaq-listed SPAC GX Acquisition Corp. II, a deal that could bring in up to $285 million in cash and would finally give NioCorp a U.S. Nasdaq listing alongside its existing Toronto listing.
26 Sept 2022merger communication▲ Good
An Associated Press article on the newly announced GXII deal noted it could provide up to $366 million total, including a separate Yorkville financing, toward the roughly $1.1 billion cost of building the Elk Creek mine.
30 June 2022capital raising announcement● NeutralMajor
Closed the placement at C$4.78 million (4,981,035 units at C$0.96) and extended CEO Mark Smith's personal $3.5 million credit facility -- first entered in January 2017 and amended repeatedly since -- for another year, to June 2023.
13 June 2022capital raising announcement● Neutral
Announced a C$4.35 million non-brokered private placement.
13 Dec 2021debt financing● Neutral
NioCorp again extended CEO Mark Smith's credit facility.
12 May 2021capital raising announcement▲ GoodMajor
Closed the placement at C$6.2 million (4,334,157 units at C$1.43) -- a share price roughly 3x higher than its typical 2018-2019 raises, reflecting a real recovery in investor sentiment.
What it means for a shareholder
4.3m new shares at C$1.43 to raise about C$6.2m. That's 1.7% dilution: every existing holder's slice gets 1.7% smaller. If you held C$1,000 of shares (699 at the issue price), your slice goes from 0.000278% to 0.000273% of the company. To keep it you'd need 12 more shares - about C$17 at the issue price.
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28 Apr 2021asset acquisition disposition▲ Good
NioCorp's Nebraska subsidiary closed on its option to buy two land parcels and their mineral rights in Johnson County for about $6.2 million, adding to its Elk Creek Project land position.
19 Apr 2021capital raising announcement● Neutral
Announced a C$6 million non-brokered private placement.
17 Feb 2021capital raising announcement● NeutralMajor
Signed by far its largest Lind Partners facility yet: a $10 million advance for an $11.7 million face convertible security (8.5% implied interest) plus 8.56 million warrants at C$0.97 -- roughly 5-10x the size of any prior Lind tranche, a major step-up in available capital as the Elk Creek project advanced toward feasibility.
18 Dec 2020capital raising announcement▼ BadMajor
Brought in a new lender by necessity: engineering contractor Nordmin Engineering Ltd agreed to convert past-due service fees into a $1.87 million convertible note plus warrants rather than being paid in cash, and immediately converted $450,000 of it into shares the same day -- a vendor-financing arrangement that signals continued cash tightness.
14 Dec 2020debt financing● Neutral
NioCorp again extended its loan and credit-facility agreements with CEO Mark Smith.
10 June 2020debt financing● Neutral
NioCorp again extended its loan and credit-facility agreements with CEO Mark Smith.
20 Apr 2020debt financing▲ Good
NioCorp's U.S. subsidiary received a $196,300 Paycheck Protection Program loan from American National Bank under the federal CARES Act pandemic relief program.
3 Apr 2020debt financing● Neutral
NioCorp amended its CEO's credit facility once more.
17 Jan 2020debt financing● Neutral
NioCorp amended its credit facility with CEO Mark Smith again.
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.
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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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.
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.
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.