NIOCORP DEVELOPMENTS LTD (NB) Form 10-Q — Nov 5, 2026
NioCorp reported a rare quarterly net income of $3.8 million (EPS $0.03) for the quarter ended September 30, 2026, versus a $43.5 million loss a year earlier, though the profit was driven by non-cash fair-value gains on earnout share and warrant liabilities as the share price fell. The company had $403.4 million in cash and no long-term debt at quarter end. The 2026 Elk Creek Study lifted the estimated upfront capital cost to approximately $1,849 million — up roughly $708 million from the prior 2022 estimate — reflecting a redesigned plant producing eight critical mineral products and inflation.
Key figures
- Eps
- 0.03
- Net Income
- 3761000
- Total Debt
- 0
- Total Assets
- 462854000
- Cash Position
- 403364000
- Shares Outstanding
- 146472789
- Diluted eps
- 0.01
- Dow billed to date
- 8900000
- Working capital usd
- 394036000
- Portal project budget
- 44600000
- Prior capex estimate 2022
- 1141000000
- Dow agreement reimbursement
- 10000000
- Portal project costs incurred
- 12000000
- Planned cash outflows next 12m
- $85 million to $95 million
- Elk creek upfront capex estimate
- 1849000000
AI analysis
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