NB at a glance
NIOCORP DEVELOPMENTS LTD (NB, SEC CIK 1512228) filed its latest 10-K annual report on September 25, 2026, a 10-Q quarterly report on May 14, 2026, an 8-K current report on July 8, 2026 and Form 4 insider filings as recently as July 8, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended June 30, 2026 (FY2026), NIOCORP DEVELOPMENTS LTD (NB) reported revenue of $9.1 million (up 9629.8% from FY2025) and a net loss of $48.6 million. Diluted EPS was -$0.41.
- As of June 30, 2026, 23 institutional investment managers tracked by SignalX reported holding NIOCORP DEVELOPMENTS LTD (NB) shares worth $112.7 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2026
- $9.1M
- +9629.8% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 23 funds
- $112.7M · −1 vs prior quarter
- Latest 8-K
- Jul 8, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jun 30, 2026
Risk Factors
- Regulatory risk: U.S. EXIM Financing approval uncertain; total amount and timeline unknown, impacting Elk Creek Project funding (~$1.85B capital expenditure)
- Macroeconomic threat: Inflation and supply chain disruption increased Elk Creek upfront costs by $708M (14% contingency), affecting project profitability
- Operational vulnerability: Elk Creek Project water treatment permits by Nebraska uncertain; failure risks impacting production and economics
- Competitive risk: 85% niobium market share held by Companhia Brasileira de Metalurgia e Mineração; price suppression risk from dominant supplier
- Financial risk: Estimated $1.2B debt financing required (65% of Elk Creek capital); significant cash needed to service debt and comply with covenants
Business Overview
- Core business: Development of Elk Creek Project to produce critical minerals including niobium, scandium, titanium, and rare earths
- New emphasis: Acquisition of Al-Sc master alloy tech and assets from FEA Materials LLC for $8.4M cash to enable US-based scandium alloy production
- Strategic shift: Construction commencement of $44.6M Portal Project access facility, plus expanded land holdings to support integrated mining and processing
- Quantitative highlight: $467.2M net proceeds raised via equity financing in fiscal 2026; Elk Creek Project capital cost estimate rose to $1,849M (14% contingency)
- Noteworthy fact: Receipt of $8.1M reimbursement to date under $10M U.S. Dept. of War agreement supporting engineering and drilling milestones
Management Discussion & Analysis
- No mining revenues; net loss attributable to company $48.6M FY26 vs $17.4M FY25; operating expenses $38.3M FY26 vs $12.0M FY25
- Operating expenses split: exploration $16.1M FY26 vs $4.1M FY25, G&A $22.2M FY26 vs $7.8M FY25; net loss per share $0.41 FY26 vs $0.36 FY25
- Best performing segment: none with revenue; all exploration and development; exploration costs rose due to drilling and study; no segment revenue
- Cash $415.0M and working capital $402.3M FY26 vs $25.6M and $24.8M FY25; financing cash inflows $437.1M FY26 vs $34.2M FY25 via equity offerings and warrant exercises; operating cash used $15.9M FY26 vs $10.7M FY25; investment in mine portal and land $29.7M FY26
- Management anticipates near-term operation loss; plans $65-75M cash outflows next 12 months; long-term capital need $1.85B Elk Creek Project costs; seeking financing from debt (~65%) and equity (~35%), including EXIM loan application progressing without commitment
AI summary of the NB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Mar 31, 2026
Management Discussion & Analysis
- Revenue $0 from mining operations, unchanged from $0 YoY
- Operating expenses $7.3M vs $2.6M YoY; operating margin not applicable
- Net income $669K vs net loss $5.3M YoY; adjusted net loss $2.7M vs $2.5M
- Cash $419.2M vs $25.6M; February offering generated $93.4M net proceeds
- Portal Project construction underway; $1.8M incurred against $44.6M budget
Risk Factors
- No material risk-factor changes disclosed; risks carried forward from June 30, 2025 Form 10-K and December 31, 2025 Form 10-Q
- Equity-financing dilution risk from Yorkville facility: 4 issuances totaling $31,145.8 gross proceeds
- Regulatory risk involving mine-safety compliance disclosures under Dodd-Frank Section 1503(a)
- Financing risk from continued reliance on Yorkville advances to fund operations
AI summary of the NB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- New company-wide annual incentive program, with payouts ranging from 0% to 200% of target based on performance
- Fiscal 2026 awards weighted 45% corporate milestones, 10% safety, and 45% individual objectives
Item 3.03: Material Modification to Rights of Security Holders
- Shareholder rights plan extended from May 21, 2026 to the 2027 annual meeting
- Shareholder approval makes the amended plan effective April 6, 2026
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Shareholders approved amended incentive plan with 11.3 million-share aggregate award capacity
- Finite share pool replaces evergreen provisions, improving visibility into potential equity dilution
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders approved six directors, with 55,164,407 votes for and 1,609,193 against
- All six director nominees elected, though broker non-votes totaled 27,817,821–27,817,822
Item 7.01: Regulation FD Disclosure
- Offering closed Feb 25, 2026: details in Exhibit 99.1 press release
- Full terms (size, price, structure) available in the attached exhibit, not disclosed in filing body
Item 8.01: Other Events
- Registered direct offering via Maxim Group LLC as placement agent, dated Feb 24, 2026
- Pre-funded warrants included in offering structure: typical when investors avoid triggering ownership thresholds
Item 1.01: Entry into a Material Definitive Agreement
- Net proceeds ~$93.6M from sale of 17.4M shares at $5.00 and 2.6M Pre-Funded Warrants at $4.9999, closed Feb 25, 2026
- Placement agent Maxim Group LLC earned $0.30/share fee (~6% commission) on all securities sold
AI summaries of NB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NB
Don't miss the next NB filing
- Alerts as it files. A push when NB files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut NB, by share count.
- Ask anything. An AI agent that reads every NB filing and answers with sources.
NB alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Shah Neal S. | A | Jul 6, 2026 | 114,007 | - |
| Smith Mark A. | A | Jul 6, 2026 | 293,160 | - |
| Honan Scott | A | Jul 6, 2026 | 162,866 | - |
| Sims James T. | A | Jul 6, 2026 | 97,720 | - |
| Cleave Ernest M. | A | Jul 6, 2026 | 97,720 | - |
| Shah Neal S. | X | Dec 15, 2025 | 9,361 | $3.54 |
| Shah Neal S. | X | Dec 15, 2025 | 9,361 | - |
| Kehler Dean C | X | Dec 15, 2025 | 78,003 | $3.54 |
Financial SummaryXBRL
| Metric | FY2024 | FY2025 | FY2026 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | - | $94K | $9.1M | |
| Net Income | -$11.9M | -$18.0M | -$48.6M | |
| Net Margin | - | -19129.8% | -530.9% | |
| Balance Sheet | ||||
| Total Assets | $20.1M | $43.8M | $466.9M | |
| Equity | $1.0M | $28.3M | $431.2M | |
| ROE | -1189.8% | -63.5% | -11.3% | |
| Per Share | ||||
| EPS | $-0.31 | $-0.36 | $-0.41 | |
| Cash Flow | ||||
| Operating CF | -$11.7M | -$10.7M | -$15.9M | |
Source: XBRL data in NIOCORP DEVELOPMENTS LTD (NB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 23 | $112.7M |
| Q1 2026 | 24 | $109.9M |
| Q4 2025 | 25 | $84.2M |
| Q3 2025 | 23 | $113.1M |
| Q2 2025 | 16 | $15.3M |
| Q1 2025 | 9 | $3.7M |
| Q4 2024 | 4 | $2.6M |
| Q3 2024 | 2 | $181,000 |
- BlackRock+2.20M (+31%)
- Citigroup+896.3K (+79%)
- Millennium Management+606.9K (+293%)
- State Street Corp+430.4K (+21%)
- JPMorgan Chase & Co+424.8K (+885%)
- Citadel Advisors LLC−4.39M (-71%)
- Goldman Sachs Group−2.22M (-67%)
- Morgan Stanley−85.4K (-19%)
- Bank of America Corp−70.5K (-40%)
- Invesco Ltd−19.8K (-20%)
- AQR Capital Management−31.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 126 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 10-K | Sep 25, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Jul 29, 2026 | - | - | |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 8, 2026 | - | - | - |
| 8-K | Jul 8, 2026 | - | Analysis | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 8, 2026 | - | - | - |
| 10-Q | May 14, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 8, 2026 | - | - | |
| 8-K | Apr 6, 2026 | - | Analysis | - |
| 8-K | Feb 25, 2026 | - | Analysis | - |
| 10-Q | Feb 6, 2026 | Dec 31, 2025 | Analysis | |
| SC 13G | Jan 21, 2026 | - | - | |
| 8-K | Jan 20, 2026 | - | - | |
| 8-K | Jan 12, 2026 | - | - | |
| 4 | Dec 15, 2025 | - | - | |
| 4 | Dec 15, 2025 | - | - | |
| 4 | Dec 15, 2025 | - | - | |
| 8-K | Dec 4, 2025 | - | - | |
| 10-Q | Nov 13, 2025 | Sep 30, 2025 | Analysis | |
| 10-K | Sep 11, 2025 | Jun 30, 2025 | - | |
| SC 13G | Jul 25, 2025 | - | - | |
| 10-Q | May 8, 2025 | Mar 31, 2025 | - | |
| 10-Q | Feb 7, 2025 | Dec 31, 2024 | - |
Related Materials companies
NB SEC filings: frequently asked questions
Which institutions hold NB stock?
As of June 30, 2026, the largest NIOCORP DEVELOPMENTS LTD (NB) holders among the 13F filers tracked by SignalX were BlackRock ($44.4 million), State Street Corp ($12.0 million), Citigroup ($9.8 million), Citadel Advisors LLC ($8.7 million), Northern Trust ($6.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NB's revenue in fiscal year 2026?
For the fiscal year ended June 30, 2026 (FY2026), NIOCORP DEVELOPMENTS LTD (NB) reported revenue of $9.1 million (up 9629.8% from FY2025) and a net loss of $48.6 million. Diluted EPS was -$0.41. The figures come from the XBRL data in the 10-K.
What are the main risks in NB's latest 10-K?
In the 10-K filed September 25, 2026, NIOCORP DEVELOPMENTS LTD (NB) flagged: Regulatory risk: U.S. EXIM Financing approval uncertain; total amount and timeline unknown, impacting Elk Creek Project funding (~$1.85B capital expenditure). Macroeconomic threat: Inflation and supply chain disruption increased Elk Creek upfront costs by $708M (14% contingency), affecting project profitability. (AI summary of the Risk Factors section.)
What did NB report in its latest 8-K?
NIOCORP DEVELOPMENTS LTD (NB) filed an 8-K on July 8, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). New company-wide annual incentive program, with payouts ranging from 0% to 200% of target based on performance.
What are the latest NB SEC filings?
NIOCORP DEVELOPMENTS LTD (NB) filed its latest 10-K annual report on September 25, 2026, a 10-Q quarterly report on May 14, 2026, an 8-K current report on July 8, 2026 and a Form 4 insider filing on July 8, 2026.
What is NB's SEC CIK number?
NIOCORP DEVELOPMENTS LTD (NB)'s SEC Central Index Key (CIK) is 1512228. EDGAR lists every NB filing under that number.
Ask anything about NB
The research agent reads NB's filings, financials, insider trades and 13F holders, then answers with sources.