Quarterly ResultMay 14, 2026, 04:09 PM
NioCorp Q3 Net Income $669K; Cash $419.2M; Acquires Al-Sc Alloy Assets
AI Summary
NioCorp Developments Ltd. reported a net income attributable to the company of $669 thousand for the three months ended March 31, 2026, a significant improvement from a net loss of $5.297 million in the prior year period. The company's cash and cash equivalents surged to $419.196 million as of March 31, 2026, up from $25.554 million at June 30, 2025, primarily driven by substantial equity financings. Additionally, NioCorp completed the acquisition of aluminum-scandium alloy manufacturing assets and intellectual property in December 2025 for $8.4 million to support its scandium alloy commercialization strategy.
Key Highlights
- Net income attributable to the Company for Q3 2026 was $669K, compared to a net loss of $5.297M in Q3 2025.
- Basic EPS for Q3 2026 was $0.01, up from $(0.11) in Q3 2025.
- Cash and cash equivalents increased to $419.196M as of March 31, 2026, from $25.554M at June 30, 2025.
- Acquired manufacturing assets and IP for Al-Sc alloy production in December 2025 for $8.4M.
- Proceeds from capital stock issuance totaled $466.010M for the nine months ended March 31, 2026.
- Total assets grew to $468.973M as of March 31, 2026, from $43.819M at June 30, 2025.
- Exploration expenditures for the nine months ended March 31, 2026, were $13.409M, up from $894K in 2025.
- Management believes it has sufficient resources for one year but needs additional capital for the Elk Creek Project.