PutzMueler
3 hours ago
I’m just educated guessing, but the Maxim Group being the exclusive Underwriter for the $20,000,000 NioCorp payday had to buy all of the shares for 2.60 immediately, to be able to sell the shares, now and in the future at Market Price or discounted market price to its own clients.
*******
I previously read about Underwriters and read about that reality.
That’s why so many shares traded in 3 days perhaps. JMO
Maxim would not want to hold those shares due to a languishing share price. That won’t happen.
PutzMueler
9 hours ago
Looks like the Priority projects list is done and the Fast 41 list is derived from that Priority projects list for fast permitting. I could be wrong.
NioCorp is fully permitted.
Creating Priority Projects Lists: The Trump Administration has instructed the head of each executive department and agency involved in the permitting of mineral production in the United States to provide, within 10 days of the EO, a list of all mineral production projects for which a plan of operation, permit application, or other application for approval has been submitted to that agency. 10 days after these first lists are submitted, those same agency heads must work with the Chair of the NEDC to make a “priority list of projects,” and must take all necessary or appropriate actions to expedite and issue the relevant permits or approvals.
15 days later, the Chair of the NEDC must submit, to the Executive Director of the Permitting Council, mining projects for consideration to the FAST-41 program for expedited and transparent permitting review and approval. FAST-41 project timelines for such project must be set forth by no later than 15 days after getting such initial list. Currently, there is only one mining project in the FAST-41 program, as it has been argued that the program’s requirements for public transparency with a mining project’s plans and operations discourages participation. It will be interesting to see if this new process required by this EO will encourage more participation.
https://www.mayerbrown.com/en/insights/publications/2025/03/from-extraction-to-smelting-president-trump-issues-executive-order-aiming-to-increase-american-mineral-production
golfbag
14 hours ago
I believe we have all of our permits, correct?
Trump to fast-track permits for 10 mining projects, including Rio Tinto's Arizona copper mine
RIO +1.77%Apr. 18, 2025 9:43 PM ET19 Comments
The Trump administration said on Friday it will fast-track permitting for 10 mining projects across the U.S. as part of its push to expand production of critical minerals.
The initial 10 projects - the White House said it plans to add more - include Rio TInto's (NYSE:RIO) proposed Resolute copper mine in Arizona; the proposed Stibnite antimony and gold mine in Idaho from Perpetua Resources (PPTA), Hecla Mining's (HL) proposed Libby copper and silver mine in Montana; the expansion of the Silver Peak lithium mine in Nevada by Albemarle (ALB); an Arkansas direct lithium extraction project from Standard Lithium (SLI); and an Alabama metallurgical coal project from Warrior Met Coal (HCC).
Rio Tinto (NYSE:RIO) said it believes its Resolution copper project is "vital to securing America's energy future and infrastructure needs with a domestic supply of copper."
The projects were granted FAST-41 status through a federal initiative launched in 2015 to streamline approvals of critical infrastructure; South32's (OTCPK:SOUHY) Hermosa zinc and manganese project in Arizona was fast-tracked by former President Biden, the first mine to receive FAST-41 status.
Earlier this week, President Trump ordered a probe that could lead to new tariffs on all U.S. critical minerals imports, many of which currently come from China.
PutzMueler
1 day ago
My apologies Grunt I mixed up the Yorkville with the Maxim
On April 14, 2025, we delivered a written notice (the “Advance Notice”) pursuant to the Yorkville Equity Facility Financing Agreement (as defined below), requesting the purchase of 1,100,000 Common Shares (the “Advance Shares”).
We have elected an Option 2 Pricing Period (as defined in the Yorkville Equity Facility Financing Agreement). Subject to the satisfaction of certain conditions contained in the Yorkville Equity Facility Financing Agreement, the Advance Shares will be issued at a purchase price equal to 97% of the daily volume-weighted average price of the Common Shares on the Nasdaq Global Market as reported on Bloomberg Financial Markets during a pricing period of three consecutive trading days commencing on April 14, 2025.
https://archive.fast-edgar.com/20250416/A8ZZQ22CZ22282Z2222C2CZZJNMTZ3ASHF72/
grunt23
1 day ago
Hello Putz:
Just for curiosity I looked at the PR that I read and had nothing in relation to VWAP or 97% or 3 day.
Here is the link to what I read:
https://www.niocorp.com/niocorp-announces-pricing-of-20-0-million-underwritten-public-offering-of-common-shares/
Anyway, in my way of thinking, anything related to the legality of any press release, I leave it to the SEC. They have plenty of rules and regulations, in my opinion way too many.
More importantly, if I didn't entirely trust Mark, Jim, Scott, Neal and the rest of the team I would have sold out a decade or so ago.
How to get the VWAP: (Volume-weighted average price) a very simple principle: count every share, multiply each share by the price traded. At the day or period of time divide the total amount by the number of shares and bingo: you have the VWAP.
I use a software product called "Thinkorswim" it provides the VWAP on a dynamic basis.
Have a great day.
PutzMueler
1 day ago
Thanks Mr Grunt.
Do you, or et al, know how to figure 97% of the 3 day VWAP? Because if $2.60 is not the equivalent of that calculation, then why would it be in the PR presented to the public?
Or am I misinterpreting what the PR said?
My understanding is it takes intraday values from those three days of huge volume and price movement. But how do you get to that final calculation? It seems to me the majority of the volume was way above $2.60. (But, I am not an accountant, or financial guru).
grunt23
1 day ago
Good Morning, NioCorp Enthusiasts,
I’ve been staying away from the board for a while, mainly because I didn’t have anything new to contribute. However, I felt compelled to share my thoughts on the latest news release about the public offering. The pricing of the offering—significantly lower than the previous day’s closing—was, understandably, a bit concerning. I’d like to share my perspective on this.
First and foremost, let’s remind ourselves what our goal is: building a mine at the Elk Creek, Nebraska site. And what’s the key to achieving this? Funds—yes, a whole mountain of Greenbacks. What stands in our way? A tough environment for raising capital. It’s not an easy path, but it’s the one we’re on.
It’s important to note that the offering price was likely agreed upon before the company appeared on Maria’s widely-watched program. Timing here is critical, but hindsight often adds a touch of clarity. Beyond the hurdles of fundraising, we’re also facing new challenges on the global stage. Recent actions by China, specifically restricting exports of Terbium Oxide and Dysprosium Oxide, while slashing their prices, add complexity. These quoted prices may appear attractive, but since the materials aren’t being exported, they’re essentially meaningless to outside buyers.
On the bright side, the $20 million from this offering should be in hand by Monday or so, allowing us to complete the necessary drilling and update the feasibility study. This will be a pivotal step toward securing additional funding, whether from Exim or other sources, to meet the $1.2 billion required to bring the mine to fruition.
Of course, no one enjoys dilution, but as we’re not in production yet, our only option to fund progress is to sell a piece of the company. It’s a tough pill to swallow, but it’s part of the journey.
Just my two cents. Wishing all serious investors a fantastic day—Go NioCorp!
golfbag
1 day ago
Looks like Associated Press put this out last night, more PR for Mark Smith and NioCorp.
https://apnews.com/article/rare-earths-trump-tariffs-china-trade-war-effd6a7ec64b5830df9d3c76ab9b607a
Two companies are trying to develop mines in Nebraska and Montana. Officials at NioCorp and U.S. Critical Materials said they hoped the push from the White House would help them raise money and obtain the necessary approvals to start digging. NioCorp has worked for years to raise $1.1 billion to build a mine in southeast Nebraska.
“As I sit and I think about how can we deal with this enormous leverage that China has over these minerals that nobody even knows how to pronounce for the most part, we have to deal with this leverage situation,” NioCorp CEO Mark Smith said. “And the best way, I think, is that we need to make our own heavy rare earths here in the United States. And we can do that.”
Rader1977
2 days ago
The breakaways weren't limited to NioCorp, and we saw stocks across the critical mineral sector surge due to Trump's EO. That, combined with Mark Smith's appearance on the Money Honey's morning show, put even extra wind in NioCorp's sails. Ultimately, it was good PR, with no real material news to sustain the breakaway.
We've seen the sector cool back off, and there's no reason to think NB won't continue to settle back into the low 2's, which is where we were last week (with 1,000,000 less shares in the float).
We need a PR asap explaining how that $20 million will be spent.
Lard
2 days ago
I often say to entrepreneurs: if you don’t run fast enough, somebody will outrun you.
It is now time for Niocorp to run fast and sprint. At some point the relation with China will warm up and we will have lost the opportunity to start this whole integrated project. Integrated project is the key word here. It’s impossible for Niocorp not to have competition with China or with another producing country, but I am confident that once we are up and running and a bit of the capex amortized (or repaid), we can take on the competition. Like Jim Sims said ‘’the more, the merrier’’
And yes, some industries cannot get off the ground without the help of the government at the beginning.
Lard
Lard
2 days ago
I just listened to MS interview on Fox, and the one thing that pleased me the most was the big sense of urgency in his tone of voice.
He did not have the cold demeanor that he usually has. I also like when he said that we are the most advanced project, and it seems too, by far.
If he did not say precisely what he needed to get the project on its wheels, I think he hinted to the time needed to get these type of project off the ground.
I guess it depends on the listener, but I liked this interview very much. Almost to the point of buying more. Maybe, huuuummmmm thinking about it.
Maybe I'll use Puzt reply and get ready to fire up.
Lard.
Lard
2 days ago
Hey Putz,
Do you consider the gap closed at 2,68?
According to the chart, are we going to bounce back?
Cause on the fundamental side, although it looks to me like we have positive developments, it seem like we need to be a bit more patient.
I would be more patient if we could hold support above $3.00.
What are your thought?
Lard