NioCorp Developments Ltd.

NasdaqGM:NB Stock Report

Market Cap: US$626.0m

NioCorp Developments Balance Sheet Health

Financial Health criteria checks 6/6

NioCorp Developments has a total shareholder equity of $434.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $469.0M and $34.6M respectively.

Key information

0%

Debt to equity ratio

US$0

Debt

Interest coverage ration/a
CashUS$419.20m
EquityUS$434.40m
Total liabilitiesUS$34.57m
Total assetsUS$468.97m

Recent financial health updates

Recent updates

Seeking Alpha • Dec 24

NioCorp: With The Trust Of Venture Capitalists In The Vault, Now To The Banks

Summary NioCorp Developments Ltd. is advancing the Elk Creek critical minerals project, with strong financing progress and political tailwinds supporting a bullish outlook. NB has secured $360 million in equity and holds $162.8 million in cash, with EXIM Bank due diligence ongoing for up to $800 million in debt financing. The Elk Creek project’s updated feasibility study underpins a $2.35 billion NPV and projected annual EBITDA of $403 million, with sector-leading resource grades. NB trades at a steep discount to NPV and sector EV/EBITDA multiples, with growing investor confidence and minimal mining risk supporting a buy thesis. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

NioCorp Developments: I Still Can't Make Their Sums Add Up

Summary NioCorp's revenue hinges on scandium, but their projections of selling at 3-4x current prices and 5x current demand are unrealistic. The current global scandium market is around 15-20 tonnes annually, making NioCorp's forecast of 117 tonnes by 2026 highly improbable. Historical data shows NioCorp's stock price has significantly dropped after previous critiques, indicating ongoing skepticism about their scandium market assumptions. I recommend avoiding investment on NB based on speculative assumptions. Read the full article on Seeking Alpha

Financial Position Analysis

Short Term Liabilities: NB's short term assets ($423.5M) exceed its short term liabilities ($13.6M).

Long Term Liabilities: NB's short term assets ($423.5M) exceed its long term liabilities ($20.9M).

Debt to Equity History and Analysis

Debt Level: NB is debt free.

Reducing Debt: NB has no debt compared to 5 years ago when its debt to equity ratio was 230.9%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NB has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: NB has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 27% each year.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/14 01:16
End of Day Share Price 2026/07/14 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NioCorp Developments Ltd. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas GilesB. Riley Securities, Inc.
Vitaly KononovFreedom Broker
Heiko IhleH.C. Wainwright & Co.