NioCorp Developments Ltd. has released its preliminary unaudited financial results for the fiscal year ended June 30, 2025. The company reported a loss of $16.7 million, or $0.35 per share, compared to a loss of $11.4 million, or $0.31 per share, for the previous fiscal year. During the quarter ended June 30, 2025, NioCorp raised approximately $31.1 million in gross proceeds through the sale of common shares and pre-funded warrants, as part of an underwritten public offering and other financial arrangements. The company concluded the fiscal year with a cash balance of approximately $25.6 million and 58,491,196 common shares outstanding. NioCorp plans to file its audited consolidated financial statements by August 29, 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.