NioCorp Developments
ConvictionSpeculative
Development-stage miner: no operating revenue; spends equity/government capital to permit, engineer and build the Elk Creek mine + processing plant, with value tied to a project-financing close (EXIM Bank debt) and future niobium/scandium/titanium/REE production.
Revenue
None - pre-revenuedevelopment stage (no product sales yetRev growth
n/apre-revenueGross margin
n/apre-revenueOp margin
n/apre-revenue; pure cash-burn on exploration/G&ACapex intensity
Project-defining: 2022 FS pegged total up-front capital at ~$1.14BUS$1,141M incl. indirects, pre-production and contingency) on a 2022 cost basis now understated by post-2022 inflation; portal construction started with a $44.6M budget ($1.8M spent, ~$19.5M committed as of 2026-03-31Market cap
~$690MNASDAQ: NB, ~2026-07-06; ~145.3M sharesThe read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for NioCorp Developments
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence