false
2025
Q1
--06-30
0001512228
A1
Unlimited
Unlimited
1
2102
3387
P3Y2M19D
P3Y5M30D
P3Y8M12D
P4Y
0001512228
2024-07-01
2024-09-30
0001512228
niobf:CommonSharesWithoutParValueMember
2024-07-01
2024-09-30
0001512228
niobf:WarrantsEachExercisableFor1.11829212CommonSharesMember
2024-07-01
2024-09-30
0001512228
2024-11-13
0001512228
2024-09-30
0001512228
2024-06-30
0001512228
2023-07-01
2024-06-30
0001512228
2023-07-01
2023-09-30
0001512228
2023-06-30
0001512228
2023-09-30
0001512228
us-gaap:CommonStockMember
2023-06-30
0001512228
us-gaap:RetainedEarningsMember
2023-06-30
0001512228
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-06-30
0001512228
niobf:RedeemableNoncontrollingInterestMember
2023-06-30
0001512228
us-gaap:CommonStockMember
2024-06-30
0001512228
us-gaap:RetainedEarningsMember
2024-06-30
0001512228
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2024-06-30
0001512228
niobf:RedeemableNoncontrollingInterestMember
2024-06-30
0001512228
us-gaap:CommonStockMember
2023-07-01
2023-09-30
0001512228
us-gaap:RetainedEarningsMember
2023-07-01
2023-09-30
0001512228
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-07-01
2023-09-30
0001512228
niobf:RedeemableNoncontrollingInterestMember
2023-07-01
2023-09-30
0001512228
us-gaap:CommonStockMember
2024-07-01
2024-09-30
0001512228
us-gaap:RetainedEarningsMember
2024-07-01
2024-09-30
0001512228
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2024-07-01
2024-09-30
0001512228
niobf:RedeemableNoncontrollingInterestMember
2024-07-01
2024-09-30
0001512228
us-gaap:CommonStockMember
2023-09-30
0001512228
us-gaap:RetainedEarningsMember
2023-09-30
0001512228
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2023-09-30
0001512228
niobf:RedeemableNoncontrollingInterestMember
2023-09-30
0001512228
us-gaap:CommonStockMember
2024-09-30
0001512228
us-gaap:RetainedEarningsMember
2024-09-30
0001512228
us-gaap:AccumulatedOtherComprehensiveIncomeMember
2024-09-30
0001512228
niobf:RedeemableNoncontrollingInterestMember
2024-09-30
0001512228
us-gaap:SubsequentEventMember
2024-11-01
2024-11-30
0001512228
us-gaap:UnsecuredDebtMember
2024-07-17
2024-07-19
0001512228
niobf:YorkvilleConvertibleDebtFinancingAgreementMember
2024-07-17
2024-07-19
0001512228
niobf:YorkvilleConvertibleDebentureMember
2024-07-01
2024-09-30
0001512228
us-gaap:UnsecuredDebtMember
2024-04-10
2024-04-12
0001512228
niobf:PurchaseAgreementMember
2024-04-10
2024-04-12
0001512228
niobf:PurchaseAgreementMember
2024-04-12
0001512228
2024-08-30
2024-09-01
0001512228
2024-11-29
2024-12-01
0001512228
niobf:EarnoutMember
2024-06-30
0001512228
niobf:EarnoutMember
2024-07-01
2024-09-30
0001512228
niobf:EarnoutMember
2024-09-30
0001512228
us-gaap:MeasurementInputExercisePriceMember
us-gaap:ValuationTechniqueOptionPricingModelMember
niobf:EarnoutMember
2024-09-30
0001512228
us-gaap:MeasurementInputExercisePriceMember
us-gaap:ValuationTechniqueOptionPricingModelMember
niobf:EarnoutMember
2024-06-30
0001512228
us-gaap:MeasurementInputExercisePriceMember
us-gaap:ValuationTechniqueOptionPricingModelMember
niobf:EarnoutMember
2024-01-01
2024-09-30
0001512228
us-gaap:MeasurementInputExercisePriceMember
us-gaap:ValuationTechniqueOptionPricingModelMember
niobf:EarnoutMember
2023-07-01
2024-06-30
0001512228
2024-08-28
0001512228
2024-08-26
2024-08-28
0001512228
2024-09-03
0001512228
2024-09-02
2024-09-03
0001512228
2024-09-06
0001512228
2024-09-04
2024-09-06
0001512228
2024-09-16
0001512228
2024-09-14
2024-09-16
0001512228
2024-09-19
0001512228
2024-09-18
2024-09-19
0001512228
2024-09-25
0001512228
2024-09-23
2024-09-25
0001512228
2024-09-23
2024-09-24
0001512228
niobf:ExercisePrice9.70Member
2024-09-30
0001512228
niobf:ExercisePrice4.60Member
2024-09-30
0001512228
niobf:ExercisePrice3.54Member
2024-09-30
0001512228
niobf:ExercisePrice2.20Member
2024-09-30
0001512228
niobf:ExercisePrice3.35Member
2024-09-30
0001512228
niobf:ExercisePrice3.25Member
2024-09-30
0001512228
niobf:ExercisePrice11.50Member
2024-09-30
0001512228
niobf:ExercisePrice2.31Member
2024-09-30
0001512228
us-gaap:WarrantMember
2024-09-30
0001512228
us-gaap:WarrantMember
2024-07-01
2024-09-30
0001512228
niobf:GXIIPrivateWarrantsMember
2024-07-01
2024-09-30
0001512228
2024-09-15
2024-09-17
0001512228
niobf:LindConsentWarrantIssuanceMember
2024-09-17
0001512228
niobf:LindConsentWarrantIssuanceMember
2024-09-15
2024-09-17
0001512228
us-gaap:FairValueInputsLevel2Member
2024-09-30
0001512228
us-gaap:FairValueInputsLevel2Member
2024-06-30
0001512228
us-gaap:FairValueInputsLevel2Member
2024-01-01
2024-09-30
0001512228
us-gaap:FairValueInputsLevel2Member
2023-07-01
2024-06-30
0001512228
us-gaap:FairValueInputsLevel2Member
2024-07-01
2024-09-30
0001512228
us-gaap:NoteWarrantMember
2024-06-30
0001512228
us-gaap:NoteWarrantMember
2024-07-01
2024-09-30
0001512228
us-gaap:NoteWarrantMember
2024-09-30
0001512228
us-gaap:MeasurementInputExercisePriceMember
us-gaap:ValuationTechniqueOptionPricingModelMember
niobf:EarnoutMember
2024-09-17
0001512228
us-gaap:FairValueInputsLevel2Member
2024-09-15
2024-09-17
0001512228
us-gaap:FairValueInputsLevel3Member
2024-09-15
2024-09-17
0001512228
niobf:NonRevolvingCreditFacilityAgreementMember
srt:ChiefExecutiveOfficerMember
2024-09-11
0001512228
niobf:GeneralSecurityAgreementMember
srt:ChiefExecutiveOfficerMember
2024-09-02
2024-09-11
0001512228
srt:ChiefExecutiveOfficerMember
2024-09-30
0001512228
srt:ChiefExecutiveOfficerMember
2024-07-01
2024-09-30
0001512228
us-gaap:SubsequentEventMember
srt:ChiefExecutiveOfficerMember
2024-11-01
2024-11-06
0001512228
niobf:TechnicalStudiesAndEngineeringMember
2024-07-01
2024-09-30
0001512228
niobf:TechnicalStudiesAndEngineeringMember
2023-07-01
2023-09-30
0001512228
niobf:FieldmanagementandotherMember
2024-07-01
2024-09-30
0001512228
niobf:FieldmanagementandotherMember
2023-07-01
2023-09-30
0001512228
niobf:MetallurgicaldevelopmentMember
2024-07-01
2024-09-30
0001512228
niobf:MetallurgicaldevelopmentMember
2023-07-01
2023-09-30
0001512228
niobf:GeologistAndFieldStaffMember
2024-07-01
2024-09-30
0001512228
niobf:GeologistAndFieldStaffMember
2023-07-01
2023-09-30
0001512228
us-gaap:FairValueInputsLevel1Member
2024-09-30
0001512228
us-gaap:FairValueInputsLevel3Member
2024-09-30
0001512228
us-gaap:FairValueInputsLevel1Member
2024-06-30
0001512228
us-gaap:FairValueInputsLevel3Member
2024-06-30
0001512228
us-gaap:SubsequentEventMember
2024-10-02
2024-10-03
0001512228
2024-09-29
2024-10-01
0001512228
us-gaap:SubsequentEventMember
2024-11-02
2024-11-04
0001512228
us-gaap:SubsequentEventMember
niobf:PurchaseAgreementSeriesAMember
2024-11-01
2024-11-04
0001512228
us-gaap:SubsequentEventMember
niobf:PurchaseAgreementSeriesBMember
2024-11-01
2024-11-04
0001512228
us-gaap:SubsequentEventMember
2024-11-10
2024-11-13
0001512228
us-gaap:SubsequentEventMember
2024-11-11
2024-11-12
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
xbrli:pure
niobf:N
iso4217:CAD
xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September
30, 2024
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: 001-41655
NioCorp
Developments Ltd.
(Exact Name of Registrant as Specified in
its Charter)
British Columbia, Canada |
|
98-1262185 |
(State or other jurisdiction of incorporation or organization) |
|
(I.R.S. Employer Identification No.) |
|
|
|
7000 South Yosemite Street, Suite
115 Centennial, CO
(Address of Principal Executive Offices) |
|
80112
(Zip code) |
|
|
|
Registrant’s telephone number, including area code: (720) 334-7066 |
Securities registered pursuant to Section
12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Shares, without par value |
|
NB |
|
The Nasdaq Stock Market LLC |
Warrants, each exercisable for 1.11829212 Common Shares |
|
NIOBW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant
has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Yes ☒ No ☐
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth
company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting
company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:
Large Accelerated Filer |
☐ |
Accelerated Filer |
☐ |
|