NioCorp Developments Ltd. (NB) Stock

NioCorp Developments Ltd. (NB) is a Materials stock trading at $4.25 (as of 2026-08-24), with a market capitalization of $618.02M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NioCorp Developments Ltd. explores and develops mineral deposits in North America. The company holds and develops the Elk Creek niobium, scandium, and titanium project, including a parcel of land with related mineral rights and additional mineral rights, along with an optioned land package covering acreage in Nebraska.

Understand NioCorp Developments Ltd.: how it makes money

NioCorp Developments Ltd. explores and develops mineral deposits in North America, centered on its Elk Creek niobium, scandium, and titanium project, and it would generate value if the project advances into a producing operation where minerals can be monetized.

This is a project-development profit model, where value is driven by advancing the Elk Creek mineral rights into an economically viable mine, rather than by recurring product sales today.

Business quality (Mixed): The provided dataset has no reportable segments and no operational KPI metrics, and it shows latest-period revenue as 0.0B, so investors need to rely on project advancement milestones rather than operating performance trends.

Bull case

  • Focused asset base: The company owns and develops the Elk Creek niobium, scandium, and titanium project, including a 226.43-acre parcel of land and associated mineral rights, plus additional mineral rights and an optioned land package covering 1,396 acres in Johnson County, southeast Nebraska.
  • Clear geographic and resource target: The company operates in North America and targets specific mineral deposits, which can make progress tracking tied to the Elk Creek project.

Bear case

  • Limited visible operating scale in the provided data: The latest quarter in the dataset lists revenue of 0.0B, and there are no operational KPI candidates provided, which suggests little to no operating revenue under current conditions.
  • Execution risk inherent in exploration and development: Because the business is described as exploration and development of mineral deposits, outcomes depend on successfully advancing the Elk Creek project, which can face uncertainty before any monetization occurs.
Valuation — source: SEC EDGAR (first-party)
Price$4.25
Market Cap$618.02M
Price / Book1.42
Price / Sales107.16
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$94000.00
Net Margin-19129.8%
Financial Health — source: SEC EDGAR
Altman Z-Score6.38 (safe)
Valuation vs Sector & Industry
Sector P/E (Materials)25.9
Industry P/E (Metal Mining)26.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($31.30M)
Institutional Holders Tracked10
Company
SectorMaterials
IndustryMetal Mining
CEOMark Allan Smith
Employees7
CountryUS
IPO Date2023-03-21

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NB earnings history · NB institutional & insider holders · NB KPIs & operating metrics · NB financials · NB investor presentations & press releases · NB SEC filings · NB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.