NioCorp Developments Ltd (NB)

I have averaged down, but the stock was primarily in the $1 ($10 post reverse split) range for quite a few years. The share price tanked after the SPAC deal with GXII and also resulted in massive dilution to add more insult.

I can’t forgive Mark Smith for the damage he’s inflicted on investors that were here before the GXII merger. Yes Mark is a large share holder and was affected, but he has also awarded himself and his team with generous stock options to offset that damage. Other investors like Walter have been able to soften the blow to them with the warrants they still hold and also the stock offering that was made to “qualified individuals” along with additional warrants.

The regular retail investors who kept the share price stable for so many years have been treated very poorly. I would not attend any groundbreaking ceremony if it were across the street as long as Mark Smith remains the CEO. If there is a change of CEO or the company is acquired by another mining company, I might consider making that trip.

my friends are not selling and have not sold. They are longtimers and believe in the future of Niocorp

so you assumptions are false.

I was just wondering why you would think your friends would complain to you when they were all Directors or Insiders or accredited institutions, buying a High Risk Penny Stock that was probably tanking, because of them.

They could exercise the warrants after 6 months and probably pushed the price to $12 after they did and then baled.

And here we are again waiting for it to happen again for more dilution to enrich the rich friends.

I wonder How many times do the entities have to see Mark coming, before Mark realizes that they see him coming?

(Not)Everybody gets their pound of flesh. Just the chosen few.

Sour Grapes

Putz. if you did not participate because you are not accredited you could buy them in the open market. it went as low as 1.27.

I corrected the 1,85

it was even better. 1.75

I did not hear any of my friends complaining that participated at the yearend 2024 private placement at 1.59 usd and when they exercised their full warrant at 1.75 and half a warrant at 2.07 .

I did not hear any of my friends complaining that participated at the yearend 2024 private placement at 1.59 usd and when they exercised their full warrant at 1.75 and half a warrant at 2.07 .

I did not hear any of my friends complaining that participated at the yearend 2024 private placement at 1.59 usd and when they exercised their full warrant at 1.75 and half a warrant at 2.07 .

This one? Friends?

https://niocorp.com/niocorp-announces-closing-of-private-placement-for-gross-proceeds-of-approximately-3-5-million/

**********

Because these were non-brokered private placements, participation was strictly limited by securities laws and stock exchange policies rather than being opened to the general public.The breakdown of who could and could not participate includes:

Who Was Allowed to ParticipateAccredited and Institutional Investors: High-net-worth individuals and institutional funds who meet specified income, net worth, or professional financial criteria under applicable U.S. and Canadian securities laws.Company Insiders (With Restrictions): Selected officers and directors of NioCorp (referred to as "Insider Investors"). However, to comply with Nasdaq Stock Market LLC rules, they were required to pay a higher premium per unit ($1.7675 vs. $1.57 for the general placement in November) to ensure they did not receive preferential pricing.Pre-vetted Strategic Partners: Selected corporate entities or funds aligned with the development of the Elk Creek Critical Minerals Project.

Who Was NOT Allowed to ParticipateThe General Public (Retail Investors): Regular, non-accredited retail investors were barred from participating because these shares were issued through private exemptions and were not registered under the U.S. Securities Act of 1933.Unaccredited Investors: Any individual or entity failing to meet the strict legal definitions of an "accredited investor" in Canada or the United States.Certain Jurisdictional Buyers: Depending on the specific tranche or concurrent public offerings tied to these raises, certain geographic restrictions applied (for example, NioCorp's concurrent public shelf offerings during that period explicitly restricted sales to Canadian purchasers)

I did not hear any of my friends complaining that participated at the yearend 2024 private placement at 1.59 usd and when they exercised their full warrant at 1.85 and half a warrant at 2.07 .

Timelines mean nothing.

https://www.dictionary.com/articles/few-vs-couple-vs-several

How many is a few?

A few is generally considered to mean between two and several.

And we all know how many several is to NioCorp

I do not view this investment as a pit Montag. And I did not view it as a gamble buying more shares back in late 2024 and do not today. I always kicked myself for not buying NioCorp shares (then NIOBF) right away in the .16 - .18 range when I first learned about it ($1.60 - $1.80 on a post-RS basis), so in late 2024 when it dropped well below that range, I took the opportunity to acquire more shares and substantially lower our cost/share. Our future and livelihood do not depend on this investment, and I would never sell our shares at a profit at this time when everything is coming together, and the portal part of the project is now under construction. GLTY

Averaging down means you are throwing more money into this pit. Not a good idea. The "buying opportunity " in 2024 was the company dying with nowhere to go until the 2025 politics revived it. A wild gamble that is very apparently still a gamble.

We could get all the amazing news in the world regarding our gem, but it’s not going to move substantially until we get a CEO that executes within his stated timeframe. Institutional and retail investors have clearly lost faith in Mark Smith.

T&T: I do not get any pleasure arguing with you and have only tried to make the point that you have had numerous opportunities to substantially lower your avg. cost per share. And, yes, we are most definitely in the green with our NB positions. Our avg. cost per share on our original holdings here pre-RS was in the high .40's just under .50, but as I have posted and posted at the time, in late 2024 during tax loss selling season when NB shares dropped as low as $1.27 post-RS, we added substantial blocks of additional NB shares under $1.50, primarily in the $1.31 - $1.34 range such that our current avg. cost per share is well below where it originally was. Everyone is entitled to their own opinions and positions. I remain confident that the project will be fully funded and built. I suspect if we ever had the opportunity to sit down over some beers or cocktails that we would get along just fine. I hope we have that opportunity sometime at an official groundbreaking or ribbon cutting. Have a great rest of the week.

In fairness Mark only started to say imminent 9 years ago lol 😂
At this point what’s another 2 weeks of waiting. This week is shot and following week is our nations 250th year celebration🇺🇸
I wish I had money to invest because Good news is right around the corner. Something is behind the bush🌳🙏

Thank you for responding. I too view all my startup company investments as high risk. My retirement safe $ is in large cap index funds that have done very well.

Department of War Launches Interactive Investment Intelligence Center Tracking Transformative Industrial Base Revitalization
June 25, 2026
https://www.war.gov/News/Releases/Release/Article/4525699/department-of-war-launches-interactive-investment-intelligence-center-tracking/

The Department of War's (DoW) Office of the Assistant Secretary of War for Industrial Base Policy (OASW (IBP)) announced today the launch of an Investment Intelligence Center interactive public website (https://www.businessdefense.gov/investments.html). The site provides unprecedented visibility into DoW's efforts to secure and expand domestic supply chains, mapping over $6.7B in Defense Production Act (DPA) and Industrial Base Analysis and Sustainment (IBAS) investments made since 2015.

"A resilient defense industrial base requires transparent partnerships between the government and the private sector," said Assistant Secretary of War for Industrial Base Policy Hon. Mike Cadenazzi. "By openly mapping our DPA and IBAS investments, we are sending a clear demand signal to industry and private capital markets about our most critical national security priorities."

The Intelligence Center provides a centralized, interactive dashboard for users to explore DoW's work across the United States harnessing American innovation and mitigating critical supply chain vulnerabilities. By providing a clear geographic and sector-based view of historical investments, the tool enhances transparency for congressional stakeholders, defense analysts, and private sector partners.

The three different visualizations – interactive map, Mekko chart, and keyword portfolio search – enable filtering by technology sector, year, location, and funding mechanism. Together, they deliver a comprehensive view of DoW's trajectory toward onshoring critical manufacturing and reduced reliance on adversarial supply chains.

Industry partners, researchers, and the public are encouraged to explore the IBP Investment Intelligence Center at: https://www.businessdefense.gov/investments.html

About the Office of the Assistant Secretary of War for Industrial Base Policy (OASW(IBP))

The OASW(IBP) works with domestic and international partners to forge and sustain a robust, secure, and resilient industrial base enabling the warfighter, now and in the future.

Thanks for posting

I agree with you that Scott Honan is worldclass.

You keep assuming it will be built and in full production. 🤔 Maybe we will find out "in a few weeks". 🤔🤣

NioCorp voice to text translation (not a formal transcript) from the J.P. Morgan Natural Resources Conference 6/24/2026 at 10:20 AM EST

https://www.reddit.com/r/NIOCORP_MINE/s/HKxLu2pP0x

Lies and incompetence led to the SPAC and 1/10 reverse split and early shareholder dilution.

The only real miner / metallurgiist in the bunch is Scott Honan

Buy very early in the game? WTF?!?!?? The price today is less than it was over a decade ago. The SP is the result of awful business deals, poor management and the inability to execute within stated timelines.

How can you defend Mark Smith’s deal with GXII? Such a horrendous business deal that cost investors dearly with massive dilution and resulted in zero positive capital!!!

I have a strict strategy in how to invest in non revenue companies.

I am in many start ups ( more than 10) mostly listed companies , some private companies. I could write a book about all of them . Some incredible stories; ( One of the US biotech companies I am invested in saved the life of the wife of one of my friends in 2020 in a Belgian hospital ( she was given up by the doctors) during Covid but survived with a product that was not yet approved thanks to my intervention with the US management who assited the hospital in Ghent ) ; The story was published in a top medical magazine. If you want to know more I can show you the link; It will however still take years before the product will be approved; I am invested since 2014. NIH in the US is fully suporting the company , subsidizing etc.. but still it will take years. So also here the waiting is frustrating but the potential is phenomenal. ( like for NB)



All these companies take longer than expected . They never meet their deadlines. that is very often frustrating I can write a book about every one of them. But I never let the sentiment of frustration guide my investment decisions. And also not the messages of frustrated Posters on this Board.

I am also in Niocorp since 2011. I visited Elk Creek in 2014 , met local people and officials , Tony Fulton , Lavon Heidemann etc... My due dilligence is very profound. I am busy everyda(when I do not play golf) from 7 am to 11 pm (lol) and I love it. But you have to fight frustration and a lot of BS by posters on this board.
My ambition ( I am close to 83) is to see all of them to be succesful still during my lifetime; LWLG and NB are my largest investments. I am in LWLG since 2007-2008 .

There is too much positive external validation for this company to fail.. The latest very strong validation was by the chairman of EXIM who confirmed in a video how important Niocorp is for the USA. Remember Drew Horn telling us that Niocorp was the future flagship of mining in the uSA..

So in short I think I am doing very well in picking up companies with high potential BUT
I am not very good in predicting the timing of the success. It seems to be impossible to time non revenue companies.
But I have this strategy which I am very happy with. It means , Buy very early in the game at cheap prices , if you paid to much but you still believe in the ultimate success of the company, average down , if the stock goes much higher take your cost out and let the rest float until you think it is enough and that is different for everybody.

I have quite some enemies on this board but I can live with that; I try to ignore them.

To answer your question , I will only change my mind if I discover things which I do not like; Until now I am very impressed by the compnay how they tackle their problems and continue to fight for the ultimate success;

Our CEO is a big shareholder.

To treat supply chain threats as an economic problem and leave it to be addressed by free enterprise – rather than as a national security challenge requiring whole-of-society mobilization – is a fatal error

https://www.realclearinvestigations.com/articles/2026/06/23/national_insecurity_americas_continuing_reliance_on_chinese_materials_1190280.html

Nothing fickle about our share price dropping 35%
It’s reacting to years of scumbag lies

Mark knows it too.
LoL @ Walter’s TA manipulation entity.

Yah let’s bale out the scumbag with a little TA when they know what’s coming in a (few weeks) or 3-5 weeks, or where the wheels fall off the goal posts.

Smith you fucking Rock ((NioCorp fatal flaw is the Chair))

You're not wrong at all. I also think it is definitely going to get done. Absent some wild fraud that plays out over the next few years. I just really dont think that's the case.

My average share price is 2.92 and my last purchase was at 4.20 not too long ago. I wish MS would stop writing checks he cant cash but the fundamentals are there. Markets are fickle and algorithms chase fancy headlines.

Walterc, what would need to happen for you to change your mind about this investment? If we are sitting here at 12/31/26 and no financing, would that concern you? If no financing by 12/31/27, would that concern you? I'm just curious at what point would you change you mind about the future of this project?

For the record, I've been a shareholder since September 2011. Have added over the years and have sold some over the last 2 years. Still hold over 160K shares at cost basis of $5.55 (.55 pre split).

The "environment" for critical minerals on top of this administrations' willingness to invest in US companies, is not going to get any better. If we can't get this done under this "environment" I don't see it happening....

Please tell me why I'm wrong.....

So you sold 95000 shares at a loss?

Putz....... Can't believe the LOW price of NB....... Taking a shellacking at the moment........ All the metals are dropping...... And, I got friends into this stock. Not happy people.......

Good luck to you Mr. Tooth. It is probably a good time to buy soon. I will be checking to see what Citadel does with their shares.

It would appear that conference did not wow any buyers.

I bought more today. Should have waited longer! Still up overall, so waiting isn't really the issue. Missing clearly stated timelines twice now, and silence about it, is very frustrating.

So something is behind the Bush. 

Safecapital gave an interesting Technical Analysis on Niocorp this week.
TA is not exactly my expertise but I liked this one;
They predict a short period of decline after which we will go up BIG. In fact the analist said , if we now go up we will go down afterwards and it will be a W format. but if we go down now we will go up big in the near future. We will see , Not my expertise.
That seems to fit my fundamental vision on the next couple of weeks where we will see Traxys , FS and Exim approval.

We will see.
For me the final outcome is important. .

Waiting is always he hardest and frustrating part of investing… but, for those who have the discipline, it also tends to far and away be the most lucrative approach as well
I am more confident than even in the final outcome of my investment in this company. This is a great project with exactly the right management .
What happens today is a classic example of what I have seen many times after a very positive presentation .
This is not in the hands of retail investors anymore.
Whatever we post here does not matter.

NB has been mining over the past decade, it just hasn't been mining for ore. MS has never had the intention of mining for ore, he only cares about mining for investors. We all hold onto every last word he farts out of his pie hole hoping something will actually hit. It NEVER does. Meanwhile his cronies are buying and shorting the stock. All of you idiots who believe in him are quick to point out that NB would never be where it is today without MS. Very true. It's below where it was 10 years ago. How does this moron remain employed? Quite simple actually, he keeps feeding those on the board and whomever he has trading the stock under the table. "But he raised $500 Million." I call BS on that. He raised it by diluting the company. He no longer has $500 million. The Portal, with a price tag of $47 million will quickly become $100 million. The $400 million needed for the EXIM loan will need to be $600 million based on a CAPEX figure that HE WANTS TO RISE. He wants it to rise so he can dilute even more. He'll dilute again and EXIM will never happen. What should be obvious, considering the presumed value of the mine itself, is why hasn't a top tier miner come in and buy the company? Isn't there supposed to be billions of ore in the ground? Rio comes in and swoops the company up for $2 Billion, INVESTS another $2 Billion in building it out, and there's still a huge profit to be had...ZERO TAKERS. I'm officially out. I won't take down the website. The dude is a modern day PT Barnum and if an attorney decided to sue the company, I'd gladly join the Class Action. Good luck to you all. You won't miss me cuz I am a Jack Ass but I GuaranDamnTeeYa you'll still be holding the empty bag of promises at the end of the year.

Waiting on the best news ever and we are Down 30% this month.

Good job Mark
And still a few weeks?

I guess that mean's nothing coming.

Be careful what you wish for.
lol

Replay is available at same site.

I heard those verbal assumptions as well. More of the same. All we can do is wait and see which end of his digestive tract it is coming out of this time.

Well he dropped some more verbal timeline doozies with JPMorgan. He said exim is waiting on 2 things and they hope to get those things to them in the "next few weeks". I am guessing he means the FS and the binding traxys agreement which is what he said before. I hope they release a transcript or a replay. Construction to start tentatively in late 2026. He must mean other than the portal. Do they have capex yet? Time will tell. 🤷‍♂️

China's Export Controls on Antimony Cause Supply Shortages
NioCorp Developments (NASDAQ: NB) spent February doing something most junior critical minerals developers only talk about: it broke ground. Construction crews began excavating the main access portal for the company's Elk Creek project in southeast Nebraska, a roughly $44.6 million effort that marks the shift from planning into physical construction.

Elk Creek's primary products are niobium, scandium and titanium, all critical to defense and aerospace alloys, but NioCorp is also evaluating production of magnetic rare earths, including neodymium, praseodymium, terbium and dysprosium, the same elements at the center of REalloys' metallization work.
https://www.newswire.ca/news-releases/china-s-export-controls-on-antimony-cause-supply-shortages-881800513.html

If someone would have told me 11 years later we are trading at .46 a share I’d laugh and say impossible. Still have faith that big news is on its way but it’s been a tough decade+