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NioCorp Developments Ltd. logo

NioCorp Developments Ltd.

NB

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NioCorp Developments Ltd. is a U.S.-based mineral exploration and development company focused on critical minerals. Through its subsidiary Elk Creek Resources Corporation, the company is advancing the Elk Creek Project in southeast Nebraska, targeting the production of niobium, scandium, and titanium from a high-grade carbonatite deposit. This shovel-ready initiative features the highest-grade niobium resource in North America and includes evaluations for potential rare earth elements production, such as magnetic rare earth oxides like neodymium-praseodymium. NioCorp has acquired scandium alloy manufacturing assets and intellectual property to support vertical integration into aluminum-scandium master alloys for defense and commercial applications. The project incorporates sustainable practices, including zero process water discharge, reagent recycling, groundwater protection via artificial ground freezing, and tailings reuse as underground backfill. Recently, construction of the mine portal has commenced, marking progress toward establishing a domestic supply chain for these essential materials used in high-strength steels, lightweight alloys, and advanced technologies. Headquartered in Centennial, Colorado, NioCorp Developments Ltd. plays a key role in securing U.S. critical minerals independence within the specialty mining and metals sector.

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$404M
EPS-$0.74
P/E-4.03
P/FCF-11.27
EV/EBITDA-11.17
FCF Yield–
Div. Yield–
Net Debt/FCF0.7x
NioCorp Developments Ltd. intrinsic value
52-Week Range
$2.90$7.70

Profitability & Returns

Revenue (TTM)

$0.00

Net Income (TTM)

-$54M

▼ -51.1% YoY

Op. Margin

–

ROIC

-47.61%

▲ +55.0pp YoY

Cash Flow & Balance Sheet

FCF (TTM)

-$36M

▲ +9.1% YoY

Op. Cash Flow (TTM)

-$14M

▲ +4.0% YoY

Net Debt

-$25M

Net Cash Position

Cash & Equiv.

$26M

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Held by ETFs

NB is in 10 US ETFs. The largest of them, with NB's weight in each:

NioCorp Developments (NB) in three numbers

Quality score
10/100
Best check: net debt, -$25M. Weakest: return on capital, -47.6%.
Quality
Dividend
None
No dividend in the company filings we hold.
Dividends
P/E
-4.03
Negative: a loss over the last twelve months. Price to free cash flow -11.27.
Financials

Questions about NioCorp Developments

Is NioCorp Developments a high-quality business?

NioCorp Developments scores 10 out of 100 on Intrinsiqq's quality score, which makes it a lower-quality business on these measures. The score blends 4 checks computed from company filings. Its best check is net debt at -$25M, and its weakest is return on capital at -47.6%. The Quality tab shows every check against its target.

Does NioCorp Developments (NB) pay a dividend?

No. NioCorp Developments (NB) does not pay a dividend, and no dividend payment appears anywhere in the filing history we hold. Nor has its share count fallen meaningfully over the last twelve months, so cash is kept in the business. The Dividends tab shows its cash returns.

Source: company filings. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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