<span item_type="fundamental" item_id="c2967c1a39db52da6f3f9baedfe1bee4" counter_id="ST/US/NIOBW" env="prod"></span><span item_type="announcement" item_id="582440296954333185" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 0.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.53.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -12.58 M.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li>The company currently earns no operating revenues and will require additional capital to advance the Elk Creek Project to construction and commercial operation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li><strong>Net Loss</strong>: The net loss for the three months ended September 30, 2025, was - $43,507,000, compared to - $2,102,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Employee-related Costs</strong>: Increased to $2,216,000 for the three months ended September 30, 2025, from $330,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Professional Fees</strong>: Increased to $875,000 for the three months ended September 30, 2025, from $450,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Exploration Expenditures</strong>: Increased to $7,084,000 for the three months ended September 30, 2025, from $138,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Other Operating Expenses</strong>: Increased to $1,843,000 for the three months ended September 30, 2025, from $477,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Total Operating Expenses</strong>: Increased to $12,018,000 for the three months ended September 30, 2025, from $1,395,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li></ul><h4>Cash Flow</h4><ul><li><strong>Operating Cash Flow</strong>: Net cash used in operating activities was - $6,669,000 for the three months ended September 30, 2025, compared to - $642,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Investing Cash Flow</strong>: Net cash used in investing activities was - $14,078,000 for the three months ended September 30, 2025, compared to $0 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Financing Cash Flow</strong>: Net cash provided by financing activities was $157,952,000 for the three months ended September 30, 2025, compared to - $1,220,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li><strong>Change in Fair Value of Earnout Shares Liability</strong>: Increased to $14,496,000 for the three months ended September 30, 2025, from $816,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li><strong>Change in Fair Value of Warrant Liabilities</strong>: Increased to $17,558,000 for the three months ended September 30, 2025, from - $56,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>The company plans to continue seeking additional financing through equity issuances and evaluating debt financing options to support its long-term business objectives, including the construction and commercial production of the Elk Creek Project.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li><li>The company expects to use the net proceeds from recent equity offerings for working capital and general corporate purposes, including advancing efforts to launch construction of the Elk Creek Project and move it to commercial operation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>The company is also evaluating strategies and potential investment opportunities that could reduce overall project costs, capital requirements, or execution risk.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li></ul><h4>Priority</h4><ul><li>The company has identified several key activities to further advance the Elk Creek Project, including the completion of an updated resource and reserve estimate, finalizing engineering and costing of its new production process, and securing additional federal, state, and local operating permits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1512228/000153949725002940/n2574_x298-10q.htm"></span></li></ul>

NIOCORP DEVELOPMENTS LTD C/WTS 17/03/2028 (TO PUR COM) | 10-Q: FY2026 Q1 Revenue: USD 0