Monitor the upcoming 10-Q filing for full financial statements and any updates on project financing from EXIM or other sources. The cash runway at current burn rate (~$12M/quarter operating+investing) extends well beyond 2 years, reducing near-term dilution risk.
Price Chart
Executive Summary
NioCorp reported preliminary Q1 FY2027 (Sep 2026) net income of $3.7M ($0.03/share basic), swinging from a net loss of $42.7M ($0.53/share) in the year-ago quarter, driven by non-cash gains on liability-classified instruments. The company ended the quarter with a record cash balance of $405.1M, up from $307M six months prior, and is advancing construction of the mine portal at the Elk Creek Project. As a development-stage company with no revenue, the results are non-operational and the cash position is the key metric.
Key Financial Metrics
Key Facts
- Net income of $3.7M ($0.03/share basic) for Q1 FY2027 vs net loss of $42.7M ($0.53/share) in Q1 FY2026
- Net income driven by ~$8.5M non-cash gains on earnout shares and warrant liabilities due to stock price decline
- Cash balance of $405.1M as of Sep 30, 2026, up from $307M as of Dec 31, 2025
- Operating cash outflows of $6.1M and investing outflows of $5.9M (mine portal construction) in the quarter
- Company remains a development-stage critical minerals project with no revenue
Financial Impact
Cash balance increased ~$98M from $307M to $405.1M over 9 months; net income swing of $46.4M year-over-year is entirely non-cash mark-to-market
Risk Factors
- No revenue or production timeline — company is pre-revenue and development-stage
- Project financing for Elk Creek construction not yet secured; relies on EXIM or other debt/financing
- Stock price volatility directly impacts non-cash gains/losses on liability-classified instruments
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001539497-26-002705 |
| Document: n2574_x323-exh991.htm | 0001539497-26-002705 |
| Document: 0001539497-26-002705-index-headers.html | 0001539497-26-002705 |
| Document: 0001539497-26-002705-index.html | 0001539497-26-002705 |
| Document: 0001539497-26-002705.txt | 0001539497-26-002705 |
| 8-K Data (Synthetic) | 0001539497-26-002705 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K | $3.05 | awaiting T+20 | — | $2.90 (−4.92%) |
Oct 16, 2026 10d ago | 8-K | $3.05 | awaiting T+20 | — | $2.90 (−4.92%) |
Jul 8, 2026 15w ago | 8-K | $4.57 $5.06 | ▲ +10.72% | ▲ +8.48% | $2.90 (−36.54%) |
Jun 11, 2026 19w ago | Institutional Cluster | $5.42 $4.57 | ▼ −15.68% | ▼ −17.57% | $2.90 (−46.49%) |
Jun 11, 2026 19w ago | Institutional Cluster | $5.42 $4.57 | ▼ −15.68% | ▼ −17.57% | $2.90 (−46.49%) |
Feb 25, 2026 34w ago | 8-K | $5.63 $4.57 | ▼ −18.83% | ▼ −12.41% | $2.90 (−48.49%) |
US Market Status
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