CENTENNIAL, CO / ACCESSWIRE / June 28, 2024 / NioCorp Developments Ltd. (NASDAQ:NB) ("NioCorp" or the "Company"), is pleased to announce that the U.S. Securities and Exchange Commission (the "SEC") has made effective a $200 million shelf registration statement on Form S-3 (the "Shelf Registration Statement").
The Shelf Registration Statement will allow the Company the flexibility from time to time to offer and sell up to $200 million of securities, including common stock, on a registered basis in the U.S. The specific securities and terms of each such future offering of securities, if any, along with the intended use of any net proceeds therefrom, would be described in detail under a separate prospectus supplement at the time of any such offering.
Mark A. Smith, NioCorp's CEO and Executive Chairman, said: "The Shelf Registration Statement provides us with added flexibility so that NioCorp can access capital markets on a timely and efficient basis."