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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 | -59.7% | - | - |
| 2024 | $0M | $-8M | $-11M | $-12M | -451.3% | - | - |
| 2023 | $0M | $-38M | $-40M | $-17M | 452.0% | - | - |
| 2022 | $0M | $-8M | $-11M | $-6M | -61.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0 | 0 | 0 | 0 |
| Operating Expense | 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 |
| EBIT | -8.06 | -38.28 | -7.55 | -17.93 |
| Pretax Income | -10.89 | -40.61 | -12.04 | -17.98 |
| Tax Provision | 0 | -0.30 | -0.14 | 0 |
| Net Income | -10.89 | -40.08 | -11.44 | -17.41 |
| Net Income Common Stockholders | -10.89 | -40.08 | -11.44 | -17.41 |
| Total Expenses | 7.80 | 37.41 | 13.76 | 11.96 |
| Interest Expense | 2.83 | 2.34 | 4.49 | 0.05 |
| Interest Income | 0 | 0 | 0 | 0.09 |
| Selling General And Administration | 2.83 | 4.90 | 7.04 | 4.18 |
| Normalized EBITDA | -7.79 | -37.39 | -16.15 | -11.78 |
| Normalized Income | -10.62 | -39.21 | -19.94 | -11.25 |
| Basic EPS | -0.41 | -1.34 | -0.31 | -0.36 |
| Diluted EPS | -0.41 | -1.34 | -0.31 | -0.36 |
| Tax Effect Of Unusual Items | 0 | -0.01 | 0.10 | 0 |
| Tax Rate For Calcs | 0 | 0.01 | 0.01 | 0 |
| Total Unusual Items | -0.26 | -0.88 | 8.61 | -6.15 |
| Total Unusual Items Excluding Goodwill | -0.26 | -0.88 | 8.61 | -6.15 |
| Net Income From Continuing Operation Net Minority Interest | -10.89 | -40.08 | -11.44 | -17.41 |
| Reconciled Depreciation | 0 | 0 | 0 | 0 |
| Net Interest Income | -2.83 | -2.34 | -4.49 | 0.05 |
| Net Income From Continuing And Discontinued Operation | -10.89 | -40.08 | -11.44 | -17.41 |
| Diluted Average Shares | 26.37 | 28.71 | 34.32 | 45.07 |
| Basic Average Shares | 26.37 | 28.71 | 34.32 | 45.07 |
| Diluted NI Availto Com Stockholders | -10.89 | -40.08 | -11.44 | -17.41 |
| Minority Interests | 0 | 0.23 | 0.46 | 0.58 |
| Net Income Including Noncontrolling Interests | -10.89 | -40.31 | -11.90 | -17.98 |
| Net Income Continuous Operations | -10.89 | -40.31 | -11.90 | -17.98 |
| Other Income Expense | -0.26 | -0.87 | 6.21 | -6.07 |
| Other Non Operating Income Expenses | 0 | 0.01 | -2.40 | 0.08 |
| Special Income Charges | 0 | 0.75 | 6.70 | -2.06 |
| Other Special Charges | 0 | 1.92 | 2.54 | 0 |
| Restructuring And Mergern Acquisition | 0 | -2.67 | -6.70 | 2.06 |
| Gain On Sale Of Security | -0.26 | -1.63 | 1.90 | -4.09 |
| Net Non Operating Interest Income Expense | -2.83 | -2.34 | -4.49 | 0.05 |
| Interest Expense Non Operating | 2.83 | 2.34 | 4.49 | 0.05 |
| Interest Income Non Operating | 0 | 0 | 0 | 0.09 |
| Other Operating Expenses | 4.96 | 32.51 | 6.71 | 7.78 |
| 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 | 2.15 | 2.32 | 3.51 | 1.94 |
| Operating Revenue | 0 | 0 | 0 | 0 |
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 | - | - | - | -59.7% | - |
| Clearwater Paper Corporation | CLW | $208M | - | 0.25 | -2.3% | 5.43 |
| Montauk Renewables, Inc. | MNTK | $206M | 144.00 | 0.79 | 0.7% | 8.84 |
| FutureFuel Corp. | FF | $198M | - | 1.28 | -31.9% | -3.38 |
| Smith-Midland Corporation | SMID | $176M | 14.05 |
| 3.24 |
| 23.0% |
| 8.48 |
| Friedman Industries, Incorporated | FRD | $142M | 8.96 | 1.00 | 4.6% | 10.15 |
| Ascent Industries Co. | ACNT | $134M | - | 1.57 | 1.0% | -33.80 |
| American Vanguard Corporation | AVD | $81M | - | 0.43 | -25.9% | 11.42 |
| Trinseo PLC | TSEOF | $4M | - | -0.00 | 49.7% | 13.80 |
| Peer Median | - | 14.05 | 0.89 | 0.8% | 8.66 | |