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NioCorp Developments Ltd. reported a cash balance of $307 million as of December 31, 2025, supporting its Elk Creek Critical Minerals Project. The company experienced a net loss of $0.8 million for Q4 2025, compared to a $0.5 million loss in Q4 2024, leading to a total six-month net loss of $43.4 million.

Despite these losses, NioCorp's stock rose 150% over the past year. Adjusted losses for the quarter and six-month period were $5.3 million and $13.6 million, respectively, reflecting costs from drilling and feasibility studies.

The company secured up to $10 million from the U.S. Department of Defense, finalized land purchases, and entered agreements with Lockheed Martin. Construction of the $44.6 million Mine Portal Project is expected to begin in Q1 2026. Freedom Capital Markets initiated coverage with a Buy rating and a price target of $8.70.