---
title: "NioCorp: Advancing Elk Creek Development and De-Risking Funding Supports Buy Rating Despite Dilution-Driven Target Cut"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282212901.md"
description: "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."
datetime: "2026-04-09T14:15:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282212901.md)
  - [en](https://longbridge.com/en/news/282212901.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282212901.md)
---

# NioCorp: Advancing Elk Creek Development and De-Risking Funding Supports Buy Rating Despite Dilution-Driven Target Cut

Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on NioCorp Developments. The associated price target was lowered to $10.00.

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Heiko Ihle has given his Buy rating due to a combination of factors tied to NioCorp’s advancing Elk Creek Project and improving funding profile. The newly signed non-binding term sheet with Traxys for a 10-year offtake on remaining production, alongside a potential $30 million strategic equity investment, meaningfully reduces commercial risk and supports the company’s effort to secure EXIM Bank debt financing.

In addition, the start of pre-construction work on the underground mine portal, funded within a roughly $44.6 million program and backed by about $500 million recently raised, demonstrates tangible progress toward development. While the price target was trimmed to $10.00 to reflect dilution from lower-priced equity issuance, his DCF-based valuation still points to substantial upside as financing is finalized, construction advances, and an updated feasibility study clarifies Elk Creek’s economic potential.

According to TipRanks, Ihle is a top 25 analyst with an average return of 60.9% and a 70.23% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Avino Silver & Gold, Gold Resource, and Titan Mining Corporation.

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