Here's my breakdown monocle.. thought meant shares issued mate... you are correct on remaining amount. Here’s the breakdown of share issuances under the $200 million shelf registration, using the official Subtotal Issued $175.8 M ~39.7 million shares 87.9% utilized Remaining Shelf Capacity $24.2 M (~4.3 million shares est.) 12.1% available ⚙️ Summary:
Total authorized shelf: $200 million Total utilized: $175.8 million (˜ 39.7 M shares issued) with warrants about 45m
Remaining capacity: ˜ $24.2 million (˜ 4.3 M shares)
🧭 What This Means:
Niocorp has roughly 12% of its current shelf still available, which can serve several strategic purposes: Anchor investor entry (Scandium pilot/IBC JV funding — possible small-scale equity contribution. Final offtake-linked placement before EXIM/DFC full financial close.
Are they going to use whats left or do they need more?