Niocorp Developments Ltd (NB): From the 10-Q: "In addition to outsta...

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Niocorp Developments Ltd (NB)

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Big Casino 1518

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Friday, 05/10/2019 5:31:24 PM

Friday, May 10, 2019 5:31:24 PM

From the 10-Q:

"In addition to outstanding accounts payable and short-term liabilities, our average monthly expenditures are approximately $350 per month where approximately $270 is for corporate overhead and estimated costs related to securing financing necessary for advancement of the Elk Creek Project."

So, $350,000 monthly burn rate for those who were asking.

The Company anticipates that it may need to raise $7.7 million - $8.5 million to continue planned operations for the next twelve months focused on financing and detailed engineering efforts related to the Elk Creek Project.

More private placements planned.

Cheers!

https://www.sec.gov/Archives/edgar/data/1512228/000161577419007479/s118045_10q.htm

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