NIOCORP DEVELOPMENTS LTD (NB) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
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
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 |