NioCorp Developments
Advancing Elk Creek for planned niobium, scandium, titanium, and potential rare-earth products.
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Profile
Develops the Elk Creek critical-minerals project in southeast Nebraska, targeting planned niobium, scandium, titanium, and possible magnetic rare-earth products. The business has one U.S. operating segment, no current operating revenue, and depends on project financing, technical work, offtake, permitting, construction, and infrastructure execution.
Develops Elk Creek, a southeast Nebraska underground mine and processing project planned around ferroniobium and niobium products, scandium oxide and related forms, titanium products, and possible magnetic rare earths if technical and economic work supports them.
Operates through one United States segment focused on exploration, development, and care-and-maintenance activities at Elk Creek. Commercial production has not started, and the company reports no operating revenue from its properties.
Executes a financing-and-engineering agenda: project financing, EXIM due diligence, feasibility updates, offtake arrangements, and construction-readiness work. The business depends on securing full project financing, completing permitting and infrastructure steps, and moving Elk Creek from development-stage property to commercial operation.
Company facts
Key statistics
Year to date −30.7% · Average volume (30d) 3.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| Apr 9, 2026 | H.C. Wainwright | Target | $11.25 | $10 |
| Jan 12, 2026 | H.C. Wainwright | Target | $9.50 | $11.25 |
| Jan 7, 2026 | Loop Capital Markets | Target | $8.70 | |
| Dec 8, 2025 | H.C. Wainwright | Target | $9.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 14, 2026Q3 FY26 | −$0.02 | −$0.02 | 0.0% | — | — | — | −6.83% |
| Feb 6, 2026Q2 FY26 | −$0.05 | −$0.05 | 0.0% | — | — | — | +4.86% |
| Nov 13, 2025Q1 FY26 | −$0.09 | −$0.11 | −22.2% | — | — | — | +8.29% |
| Sep 11, 2025Q4 FY25 | −$0.17 | −$0.20 | −17.3% | — | — | — | +11.16% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | $0 | $0 | $0 | −$1.0K | $0 | −$154.0K | |
| Operating income | −$2.9M | −$2.6M | −$5.1M | −$12.0M | −$9.5M | −$7.3M | |
| Net income | −$450.0K | −$5.3M | −$9.6M | −$40.0M | −$623.0K | $669.0K | |
| Diluted EPS | −$0.01 | −$0.13 | −$0.19 | −$0.53 | −$0.00 | $0.01 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Mar 31, 2026Cash & short-term investments $421.3M · Total debt $379.0K · Total assets $469.0M · Shareholders' equity $435.4M
Dividends
No dividends on record.
Ownership
Shares outstanding 145.59M · Float 142.25M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.01M | 6.20% | 13G | Jul 29, 2026 |
| Brevan Howard Capital Management LP | 7.08M | 4.86% | 13F | Aug 14, 2026 |
| State Street Corp | 2.50M | 1.72% | 13F | Aug 7, 2026 |
| Mark A. Smith · director, officer: President & CEO | 2.32M | 1.59% | Form 4 | Dec 15, 2025 |
| Private Management Group Inc | 2.15M | 1.47% | 13F | Jul 31, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- MP Materials
U.S. rare-earth producer and magnetics peer
- Rio Tinto (ADR)
Scandium and titanium feedstock incumbent
- Energy Fuels
U.S.-based rare-earth and mineral-sands supply-chain peer
- Tronox
Vertically integrated titanium dioxide producer
- USA Rare Earth
Emerging U.S. rare-earth mine-to-magnet developer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| NioCorp Developments | $4.22 | +2.29% | $601.3M | — | — | — | — |
| MP Materials | $56.28 | +0.23% | $9.99B | — | 173.8 | 32.7 | +89.0% |
| Rio Tinto (ADR) | $103.71 | +0.37% | $167.86B | 13.9 | — | 2.7 | +14.5% |
| Energy Fuels | $14.69 | +0.14% | $3.67B | — | — | 34.7 | +496.1% |
| Tronox | $5.50 | +2.04% | $861.4M | — | — | 0.3 | +18.7% |
| USA Rare Earth | $18.04 | +0.22% | $2.39B | — | — | 181.3 | — |
| Median | 13.9 | 173.8 | 32.7 | +53.9% |







