NIOCORP DEVELOPMENTS LTD (NB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 340.8% of current shares
Recent Dilution: 159.96% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
140M
Potential Supply
460M
Additional shares possible
Splits
None
Past 2 years

Summary

NB currently has 136M outstanding shares. with significant dilution risk as 464M authorized shares could dilute existing holders by 340.8%. The company has significantly diluted shareholders by 159.96% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 136.2M shares outstanding

140M 460M
Nov 13, 2025

10-Q filing | 119.4M shares outstanding

120M 480M
Sep 29, 2025

8-K filing: NioCorp Developments Ltd. completed a public offering of common shares and pre-funded warrants, selling 7,004,740 common shares at $6.15 per share and 2,755,260 pre-funded warrants at $6.1499 per warrant, with Maxim Group LLC acting as the exclusive placement agent.

78M 520M
Sep 11, 2025

10-K filing | 77.8M shares outstanding

78M 520M
May 08, 2025

10-Q filing | 55.7M shares outstanding

56M 540M
Apr 21, 2025

8-K filing: NioCorp Developments Ltd. entered into an underwriting agreement with Maxim Group LLC to issue and sell 6,628,846 common shares at $2.60 per share and 1,063,462 pre-funded warrants at $2.5999, closing on April 21, 2025, with a partial exercise of the underwriter's over-allotment option for an additional 323,504 common shares.

47M 550M
Feb 19, 2025

S-1 filing: This prospectus relates to the offer and sale from time to time by the selling shareholders of up to an aggregate of 8,630,739 of our common shares, without par value.

47M 550M
Feb 07, 2025

10-Q filing | 46.8M shares outstanding

47M 540M
Jan 31, 2025

8-K filing: NioCorp Developments Ltd. closed a registered direct offering on January 31, 2025, issuing 2,577,320 common shares along with Series A and Series B warrants at a combined price of $1.94 per share and accompanying warrants, resulting in net proceeds of approximately $4.28 million. ($5.0M proceeds)

38M 550M
Nov 13, 2024

10-Q filing | 38.4M shares outstanding

38M 550M
Nov 05, 2024

8-K filing: NioCorp Developments Ltd. completed a public offering of 1,592,356 common shares, 1,592,356 Series A warrants, and 796,178 Series B warrants at a combined price of $1.57 per share and accompanying warrants. ($2.5M proceeds)

34M 560M
Sep 23, 2024

10-K filing | 34.3M shares outstanding

34M 650M
Jun 24, 2024

8-K filing: NioCorp Developments Ltd. closed a non-brokered private placement, issuing 315,000 units at US$1.91 per unit for gross proceeds of US$0.6 million. ($1.2M proceeds)

35M 650M
Jun 13, 2024

S-3 filing: NioCorp Developments Ltd. files an S-3 form to offer and sell common shares, common share purchase warrants, and units with an aggregate offering price of up to $200,000,000.

35M 650M
May 15, 2024

S-1 filing: This prospectus relates to the offer and sale from time to time by the selling shareholders of up to an aggregate of 4,834,066 of our common shares, without par value.

35M 560M
May 02, 2024

10-Q filing | 35.2M shares outstanding

35M 550M
Apr 12, 2024

8-K filing: NioCorp Developments Ltd. closed a private placement on April 12, 2024, issuing $8,000,000 aggregate principal amount of unsecured notes and warrants to purchase up to 615,385 common shares to YA II PN, Ltd. and Lind Global Fund II LP, with NioCorp receiving $6,960,000 in proceeds. ($6.96M proceeds)

33M 550M
Feb 13, 2024

10-Q filing | 33.3M shares outstanding

33M 550M
Dec 20, 2023

8-K filing: NioCorp Developments Ltd. entered into subscription agreements for a private placement of 413,432 units, each consisting of one common share and one warrant, with gross proceeds expected to be approximately US$1.29 million. ($2.58M proceeds)

32M 550M
Dec 14, 2023

8-K filing: NioCorp Developments Ltd. announced a non-brokered private placement of 336,185 units of the Company.

32M 550M
Nov 13, 2023

10-Q filing | 32.0M shares outstanding

32M 550M
Oct 13, 2023

POS AM filing: This POS AM filing registers the offer and sale of common shares and warrants by both the company and selling shareholders. The company is offering common shares issuable upon exercise of warrants, while selling shareholders are offering common shares and warrants they hold.

29M 560M
Oct 13, 2023

POS AM filing: This prospectus relates to the offer and sale from time to time of up to 10,262,404 of our common shares, without par value, consisting of Advance Shares, by YA II PN, Ltd.

29M 560M
Oct 06, 2023

10-K filing | 28.7M shares outstanding

29M 560M
Sep 01, 2023

8-K filing: NioCorp Developments Ltd. closed a non-brokered private placement of 250,000 units at a price of US$4.00 per Unit, for aggregate gross proceeds of US$1,000,000. ($1.0M proceeds)

29M 560M
Aug 23, 2023

POS AM filing: This is a POS AM filing for NioCorp Developments Ltd. relating to the issuance of common shares upon exercise of warrants and the offer and sale of common shares and warrants by selling shareholders.

29M 560M
Aug 23, 2023

POS AM filing: NioCorp Developments Ltd. is offering 10,407,404 common shares through YA II PN, Ltd., a fund managed by Yorkville Advisors Global, LP, with potential gross proceeds of up to $65.0 million under a Standby Equity Purchase Agreement.

29M 560M
May 30, 2023

10-Q filing | 28.5M shares outstanding

29M 590M
Apr 14, 2023

S-3 filing: NioCorp Developments Ltd. is offering 17,519,864 common shares issuable upon exercise of the NioCorp Assumed Warrants.

30M 590M
Apr 14, 2023

S-3 filing: This S-3 filing is for the offer and sale from time to time by the selling shareholders of up to an aggregate of 16,123,149 common shares and 5,666,667 warrants.

280M 340M
Apr 13, 2023

S-3/A filing: This prospectus relates to the offer and sale from time to time of up to an aggregate of 10,495,370 of our common shares by YA II PN, Ltd., certain private placement investors, and Research Capital Corporation and Red Cloud Mining Capital Inc.

280M 300M
Apr 13, 2023

S-3/A filing: NioCorp Developments Ltd. is offering up to 10,588,617 common shares through an equity line with YA II PN, Ltd., potentially receiving up to $65.0 million in gross proceeds.

280M 300M
Mar 17, 2023

8-K filing: NioCorp entered into agreements related to a business combination, including a Registration Rights and Lockup Agreement, an Exchange Agreement, and a Warrant Assumption Agreement. They also issued convertible debentures and warrants to Yorkville. A 10-for-1 reverse stock split is mentioned which proportionately reduces undistributed shares covered by registration statements.

280M 430M
Mar 15, 2023

S-3 filing: This prospectus relates to the offer and sale from time to time of up to an aggregate of 80,899,436 of our common shares by selling shareholders.

280M 430M
Mar 15, 2023

S-3 filing: NioCorp Developments Ltd. is offering up to 70,771,658 common shares through an equity line agreement with YA II PN, Ltd., potentially raising up to $65.0 million for working capital and general corporate purposes, including the Elk Creek Project.

280M 430M
Feb 13, 2023

10-Q filing | 282.5M shares outstanding

280M 280M
Jan 27, 2023

8-K filing: NioCorp Developments Ltd. entered into definitive agreements for two financings with Yorkville Advisors Global, LP: a convertible debenture financing of up to $16,000,000 and a standby equity purchase facility for up to $65,000,000, both contingent on the closing of the business combination with GX Acquisition Corp. II.

280M 280M
Nov 14, 2022

10-Q filing | 279.5M shares outstanding

280M 280M
Sep 29, 2022

8-K filing: NioCorp Developments Ltd. entered into a business combination agreement with GX Acquisition Corp. II, which includes a reverse stock split of NioCorp Common Shares at a to-be-determined ratio following the Second Merger.

280M 280M
Sep 06, 2022

10-K filing | 278.1M shares outstanding

280M 280M
Sep 02, 2022

POS AM filing: This POS AM filing describes the issuance of common shares upon the exercise of warrants and conversion of convertible securities.

270M 290M
Sep 02, 2022

POS AM filing: This Post-Effective Amendment No. 1 is being filed to terminate the effectiveness of the Registration Statement and to remove from registration all securities registered but not sold under the Registration Statement.

270M 290M
May 06, 2022

10-Q filing | 269.0M shares outstanding

270M 290M
Feb 04, 2022

10-Q filing | 264.9M shares outstanding

260M 290M
Nov 05, 2021

10-Q filing | 261.5M shares outstanding

260M 300M
Nov 02, 2021

S-3 filing: NioCorp Developments Ltd. may offer and sell common shares, warrants, and units of the company for up to $200,000,000.

260M 300M
Sep 08, 2021

10-K filing | 258.7M shares outstanding

260M 44M
Jun 21, 2021

S-3 filing: Registration and resale or other disposition from time to time by certain selling shareholders of up to an aggregate of 8,720,275 common shares of NioCorp Developments Ltd.

250M 49M
May 12, 2021

8-K filing: NioCorp Developments Ltd. closed a non-brokered private placement issuing 4,334,157 units at C$1.43 per unit, for gross proceeds of approximately C$6.2 million, and issued 77,961 broker warrants to Research Capital Corporation. ($6.2M proceeds)

240M 53M
May 11, 2021

10-Q filing | 235.9M shares outstanding

240M 53M
Mar 19, 2021

S-3 filing: This prospectus relates to the registration and resale or other disposition from time to time by certain selling shareholders of up to an aggregate of 24,722,135 common shares of NioCorp Developments Ltd.

240M 48M
Feb 17, 2021

8-K filing: NioCorp Developments Ltd. entered into a convertible security funding agreement with The Lind Partners, issuing a convertible security with a face value of $11.7 million and 8,558,000 common share purchase warrants exercisable at C$0.97 per share.

240M 0
Feb 05, 2021

10-Q filing | 241.1M shares outstanding

240M 0
Dec 18, 2020

8-K filing: NioCorp Developments Ltd. issued a convertible note and warrants to Nordmin Engineering Ltd and also issued 836,551 common shares to Nordmin upon conversion of $450,000 in principal amount of the Convertible Note at a conversion price of C$0.684 per share. ($1.8M proceeds)

240M 0
Nov 06, 2020

10-Q filing | 238.7M shares outstanding

240M 0
Sep 16, 2020

10-K filing | 232.5M shares outstanding

230M 0
May 11, 2020

10-Q filing | 232.5M shares outstanding

230M 0
Feb 07, 2020

10-Q filing | 234.8M shares outstanding

230M 0
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