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NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. Its principal mineral property is the Elk Creek niobium, scandium, and titanium project that consists of 227 acres parcel of land and associated mineral rights, and an additional 80 acres of surface rights and 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,272 acres located in Johnson County, southeast Nebraska. The company is also involved in the research and development of aluminum-scandium alloys and other business. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in March 2013. NioCorp Developments Ltd. was incorporated in 1987 and is headquartered in Centennial, Colorado.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-18M | $-17M | $-11M | -61.5% | - | 52.2% |
| 2024 | $0M | $-8M | $-11M | $-12M | -1143.5% | - | -71.5% |
| 2023 | $0M | $-38M | $-40M | $-17M | 365.5% | - | 268.1% |
| 2022 | $0M | $-8M | $-11M | $-6M | -61.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0 | 0 | 0 | 0 |
| Operating Revenue | - | 0 | 0 | 0 | 0 |
| Operating Expense | 4.09 | 7.80 | 37.41 | 13.76 | - |
| Selling General And Administration | - | 2.83 | 4.90 | 7.04 | 4.18 |
| Total Expenses | - | 7.80 | 37.41 | 13.76 | 11.96 |
| Operating Income | - | -7.80 | -37.41 | -13.76 | -11.96 |
| EBITDA | - | -8.06 | -38.27 | -7.54 | -17.93 |
| Normalized EBITDA | - | -7.79 | -37.39 | -16.15 | -11.78 |
| EBIT | - | -8.06 | -38.28 | -7.55 | -17.93 |
| Interest Expense | 1.54 | 2.83 | 2.34 | 4.49 | - |
| Net Interest Income | -1.54 | -2.83 | -2.34 | -4.49 | - |
| Other Non Operating Income Expenses | 0.21 | - | 0.01 | -2.40 | 0.08 |
| Other Income Expense | - | -0.26 | -0.87 | 6.21 | -6.07 |
| Interest Expense Non Operating | - | 2.83 | 2.34 | 4.49 | 0.05 |
| Net Non Operating Interest Income Expense | -1.54 | -2.83 | -2.34 | -4.49 | - |
| Pretax Income | - | -10.89 | -40.61 | -12.04 | -17.98 |
| Tax Provision | - | 0 | -0.30 | -0.14 | 0 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -0.01 | 0.10 | - |
| Net Income Continuous Operations | - | -10.89 | -40.31 | -11.90 | -17.98 |
| Net Income From Continuing And Discontinued Operation | - | -10.89 | -40.08 | -11.44 | -17.40 |
| Net Income From Continuing Operation Net Minority Interest | - | -10.89 | -40.08 | -11.44 | -17.40 |
| Net Income | - | -10.89 | -40.08 | -11.44 | -17.40 |
| Net Income Common Stockholders | -4.82 | -10.89 | -40.08 | -11.44 | - |
| Net Income Including Noncontrolling Interests | -4.82 | -10.89 | -40.31 | -11.90 | - |
| Normalized Income | - | -10.62 | -39.21 | -19.94 | -11.25 |
| Diluted NI Availto Com Stockholders | -4.82 | -10.89 | -40.08 | -11.44 | - |
| Basic Average Shares | - | 26.37 | 28.71 | 34.32 | 45.07 |
| Diluted Average Shares | - | 26.37 | 28.71 | 34.32 | 45.07 |
| Reconciled Depreciation | - | 0 | 0 | 0 | 0 |
| Total Unusual Items | - | -0.26 | -0.88 | 8.60 | -6.15 |
| Total Unusual Items Excluding Goodwill | 0.60 | -0.26 | -0.88 | 8.60 | - |
| Minority Interests | 0 | 0 | 0.23 | 0.46 | - |
| Special Income Charges | -0.16 | 0 | 0.75 | 6.70 | - |
| Other Special Charges | 0.16 | - | 1.92 | 2.54 | - |
| Restructuring And Mergern Acquisition | - | 0 | -2.67 | -6.70 | 2.06 |
| Gain On Sale Of Security | - | -0.26 | -1.63 | 1.90 | -4.09 |
| General And Administrative Expense | - | 2.83 | 4.90 | 7.04 | 4.18 |
| Other Gand A | - | 0.68 | 2.58 | 3.53 | 2.24 |
| Salaries And Wages | 1.66 | 2.15 | 2.32 | 3.51 | - |
| Other Operating Expenses | 2.05 | 4.96 | 32.51 | 6.72 | - |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| NioCorp Developments Ltd.this co. | NB | $858M | -49.27 | 30.28 | -61.5% | -46.40 |
| ASP Isotopes Inc. | ASPI | $1.0B | - | 4.92 | -85.8% | - |
| LSB Industries, Inc. | LXU | $927M | 37.67 | 1.78 | 4.7% | 9.63 |
| Metallus Inc. | MTUS | $838M | -698.65 | 1.22 | -0.2% | 11.55 |
| Koppers Holdings Inc. | KOP | $811M | 14.48 |
| - |
| - |
| - |
| - |
| 1.41 |
| 9.8% |
| 8.13 |
| SunCoke Energy, Inc. | SXC | $801M | -18.12 | 1.34 | -7.4% | 12.88 |
| Kronos Worldwide, Inc. | KRO | $789M | -7.12 | 1.05 | -14.8% | 65.36 |
| Ferroglobe PLC | GSM | $766M | -4.49 | 1.29 | -28.7% | -12.41 |
| Dakota Gold Corp. | DC | $754M | -25.53 | 6.70 | -26.3% | -24.64 |
| Peer Median | - | -7.12 | 1.38 | -11.1% | 9.63 | |