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NioCorp Developments Ltd. reported a cash balance of $307 million as of December 31, 2025, as it advances its Elk Creek Critical Minerals Project, despite a net loss of $0.8 million in Q4 2025. The company has secured up to $10 million from the U.S.

Department of Defense and plans to initiate construction of the $44.6 million Mine Portal Project in Q1 2026. Freedom Capital Markets has initiated coverage with a Buy rating and a price target of $8.70.