Niocorp Developments Ltd (NB): Additional information in this article...

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Niocorp Developments Ltd (NB)

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Tuesday, 06/06/2023 9:59:59 AM

Tuesday, June 06, 2023 9:59:59 AM

Additional information in this article

08:16 AM EDT, 06/06/2023 (MT Newswires) -- NioCorp Developments (NB) (NB.TO, NB) on Tuesday said it issued a notice to a financing partner requesting the purchase of 100,000 shares under a financing agreement reached earlier this year.

While the company, which is developing a Nebraska rare earths mine, did not identify the financing partner, it referenced a January agreement with funds advised by Yorkville Advisors Global that gave NioCorp the right to to sell up to US$65 million of shares over three years.

The price of the issued shares is set at 97% of the daily volume-weighted average price on the Nasdaq exchange.

NioCorp did not specify how it intends to use the funds.

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