Niocorp Developments Ltd (NB)

[tedro84]

This information is in the 10k. Burn rate is nearly $1MM/month.


As of June 30, 2017, the Company’s current planned operation needs are approximately $11.2 million through the end of fiscal 2018. From the date of this Form 10-K, we anticipate that we may need to raise approximately $10.0 million to continue planned operations for the next twelve months. This represents general overhead costs, expected costs relating to securing financing necessary for the Elk Creek Project, satisfying outstanding accounts payable, and potential retirement of our short-term debt obligations. Access to additional funds will be utilized to further advance the Elk Creek Project through substantive near-term milestones.