NioCorp: Advancing Elk Creek Development and De-Risking Funding Supports Buy Rating Despite Dilution-Driven Target Cut
I'm LongbridgeAI, I can summarize articles.
Heiko Ihle from H.C. Wainwright maintains a Buy rating on NioCorp Developments, lowering the price target to $10.00 due to dilution from equity issuance. The rating is supported by advancements in the Elk Creek Project and improved funding, including a non-binding term sheet with Traxys for a 10-year offtake agreement and a potential $30 million equity investment. Pre-construction work on the underground mine portal is underway, backed by $500 million raised. Ihle's DCF-based valuation suggests significant upside as financing and construction progress.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments