$NIOBW

NIOCORP DEVELOPMENTS LTD

CIK:0001512228|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating expenses
Exploration expenditures	$ 16,076	$ 4,135
General and administrative expenditures	22,233	7,823
Total operating expenses	38,309	11,958
Change in fair value of earnout shares liability	8,571	2,063
Change in fair value of warrant liabilities	13,034	4,093
Change in fair value of convertible notes	0	40
Interest expense	0	48
Interest income	(9,146)	(94)
Other non-operating expense (income)	13	(126)
Loss before income taxes	(50,781)	(17,982)
Income tax benefit	0	0
Net loss	(50,781)	(17,982)
Less: Net loss attributable to redeemable noncontrolling interest	(2,226)	(577)
Net loss attributable to the Company	(48,555)	(17,405)
Other comprehensive loss:
Reporting currency translation	(26)	0
Total comprehensive loss	(50,807)	(17,982)
Less: Comprehensive loss attributable to redeemable noncontrolling interest	(2,226)	(577)
Comprehensive loss attributable to the Company	$ (48,581)	$ (17,405)
Loss per common share, basic	$ (0.41)	$ (0.36)
Loss per common share, diluted	$ (0.41)	$ (0.36)
Weighted Average Shares Outstanding Basic	117,214,449	45,072,895
Weighted Average Shares Outstanding, Diluted	117,214,449	45,072,895

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (50,781)	$ (17,982)
Adjustments for:
Change in valuation of earnout shares liability	8,571	2,063
Change in valuation of warrant liabilities	13,034	4,093
Change in fair value of convertible note	0	40
Accretion of convertible debt	0	43
Share-based compensation	4,441	789
Loss on equity facility issuances	724	589
Fair value of insider warrants	0	144
Depreciation	359	3
Unrealized (gain) loss on equity securities	(1)	1
Noncash lease activity	(10)	(6)
Other gains	0	(122)
Net cash provided by used in operating activities continuing operations	(23,663)	(10,345)
Change in working capital items:
Prepaid expenses and other	(459)	(267)
Deposits	(44)	(2)
Deferred reimbursements	6,177	0
Accounts payable and accrued liabilities	2,091	(48)
Net cash used in operating activities	(15,898)	(10,662)
CASH FLOWS FROM INVESTING ACTIVITIES
Assets acquired in business combination	(8,400)	0
Capitalized expenditures	(21,257)	(5)
Net cash used in investing activities	(29,657)	(5)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of capital stock	467,202	45,666
Issuance of debt, net of costs	0	0
Related party debt draws	0	504
Related party debt repayments	0	(504)
Debt repayments	0	(7,223)
Share issue costs	(30,069)	(4,234)
Net cash provided by financing activities	437,133	34,209
Exchange rate effect on cash and cash equivalents	(26)	0
Change in cash and cash equivalents and restricted cash during period	391,552	23,542
Cash and cash equivalents and restricted cash, beginning of period	25,554	2,012
Cash and cash equivalents and restricted cash, end of period	417,106	25,554
Supplemental cash flow information:
Amounts paid for interest	0	4
Non-cash investing and financing transactions:
Conversion of debt for common shares	0	501
Additions to construction in progress not yet paid	1,753	0
Value of warrants issued	0	2,262
Reclassification of warrant liabilities to equity	$ 9,141	$ 820

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current
Cash and cash equivalents	$ 415,004	$ 25,554
Restricted cash	2,102	0
Prepaid expenses and other	1,740	1,183
Total current assets	418,846	26,737
Non-current
Right-of-use assets	91	118
Property and equipment, net	11,569	839
Mineral properties	25,726	16,085
Intangible assets, net	5,672	0
Goodwill	2,220	0
Other assets	2,776	40
Total assets	466,900	43,819
Current
Accounts payable and accrued liabilities	5,638	1,795
Deferred reimbursements	6,177	0
Warrant liabilities, at fair value	4,606	0
Operating lease liability	94	98
Total current liabilities	16,515	1,893
Non-current
Warrant liabilities, at fair value	6,140	6,852
Earnout liability, at fair value	14,451	5,880
Operating lease liability	0	33
Total liabilities	37,106	14,658
Commitments and contingencies (Note 3r, 6)
Redeemable noncontrolling interest	(1,446)	838
SHAREHOLDERS' EQUITY
Common stock, no par value, unlimited shares authorized; 145,838,380 and 58,491,196 shares outstanding, respectively	660,049	208,551
Accumulated deficit	(227,872)	(179,317)
Accumulated other comprehensive loss	(937)	(911)
Total shareholders' equity	431,240	28,323
Total liabilities, redeemable noncontrolling interest, and shareholders' equity	$ 466,900	$ 43,819