NioCorp Developments Ltd
NB—
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NioCorp Developments Ltd AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue TTM with -58M net loss - pre-revenue development stage company burning 6.7M quarterly in operations[Total Revenue TTM]
- 163M cash (84% of assets) vs 112K total debt - 24+ quarters of runway at current burn rate of 6.7M/quarter[Cash and Equivalents]
- 170M raised via stock issuance TTM (5x industry median) - equity dilution funding development with minimal debt[Issuance of Capital Stock]
Watch Triggers
- Cash and Equivalents: Falls below 80M (12 quarters runway) — Signals accelerated burn or need for near-term financing
- Capital Expenditure: Exceeds 40M quarterly — Indicates project construction phase beginning - inflection point
- Total Revenue TTM: Any revenue recognition — Transforms thesis from speculative development to operating company
Bull Case
Fortress balance sheet: 163M cash, near-zero debt (0.07% D/E), 160M working capital provides multi-year runway without dilution
Cash and EquivalentsDebt to EquityWorking Capital
Strategic optionality: 170M recent capital raise positions for project advancement or M&A in critical minerals sector
Issuance of Capital StockRestructuring and M&A
Bear Case
Zero revenue with -73% ROE TTM - value creation entirely dependent on unproven project reaching production
Total Revenue TTMROE TTM
Sustained equity dilution risk: 170M raised TTM, future capex needs could require additional raises at uncertain valuations
Net Common Stock IssuanceFree Cash Flow TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Cash runway extends through 2030+ absent major capex acceleration or revenue generation
1-3ymed
- 163M cash vs 6.7M quarterly operating burn
- Near-zero debt (0.07% D/E) preserves financing optionality
- 14M TTM capex suggests measured development pace
Cash 163M, operating CF -6.7M TTMTotal debt 112K, D/E 0.07%Capex -14M TTM, PPE 31M
Valuation Context
Caveats
NB Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Mining (except Oil and Gas)
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$786.17M | — | ||
$367.35M | — | ||
0.00 | — | ||
$0 | — | ||
$-0.58 | — | ||
0% | — | ||
0% | — | ||
$-35.88M | — | ||
-23.6% | — | ||
Beta 5Y (Monthly) | unknown | — |
NB Dividend History
No dividends
NB Stock Splits
1 stock split
03/21/2310:1 split
NB SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/14/26 | 03/31/26 | 10-Q | |
02/06/26 | 12/31/25 | 10-Q | |
11/13/25 | 09/30/25 | 10-Q | |
09/11/25 | 06/30/25 | Unknown | |
05/08/25 | 03/31/25 | 10-Q | |
02/07/25 | 12/31/24 | 10-Q | |
11/13/24 | 09/30/24 | 10-Q | |
09/23/24 | 06/30/24 | 10-K | |
05/02/24 | 03/31/24 | 10-Q | |
02/13/24 | 12/31/23 | 10-Q | |
11/13/23 | 09/30/23 | 10-Q | |
10/06/23 | 06/30/23 | 10-K | |
05/30/23 | 03/31/23 | 10-Q | |
02/13/23 | 12/31/22 | 10-Q | |
11/14/22 | 09/30/22 | 10-Q | |
09/06/22 | 06/30/22 | 10-K | |
05/06/22 | 03/31/22 | 10-Q | |
06/08/23 | 12/31/21 | 10-Q/A | |
02/04/22 | 12/31/21 | 10-Q | |
06/08/23 | 09/30/21 | 10-Q/A | |
11/05/21 | 09/30/21 | 10-Q | |
09/08/21 | 06/30/21 | 10-K | |
05/11/21 | 03/31/21 | 10-Q | |
02/05/21 | 12/31/20 | 10-Q | |
11/06/20 | 09/30/20 | 10-Q | |
09/16/20 | 06/30/20 | 10-K | |
10/31/22 | 06/30/20 | 10-K/A | |
05/11/20 | 03/31/20 | 10-Q | |
02/07/20 | 12/31/19 | 10-Q | |
11/08/19 | 09/30/19 | 10-Q | |
09/04/19 | 06/30/19 | 10-K | |
05/10/19 | 03/31/19 | 10-Q | |
02/08/19 | 12/31/18 | 10-Q | |
11/08/18 | 09/30/18 | 10-Q | |
08/31/18 | 06/30/18 | 10-K | |
05/11/18 | 03/31/18 | 10-Q | |
02/09/18 | 12/31/17 | 10-Q | |
11/10/17 | 09/30/17 | 10-Q | |
08/30/17 | 06/30/17 | 10-K | |
05/12/17 | 03/31/17 | 8-K | |
02/03/17 | 12/31/16 | 10-Q | |
11/14/16 | 09/30/16 | 10-Q | |
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