NioCorp Developments Ltd. (TSXV:NB) has announced a private placement at 20 cents to raise $10 million.
The company’s share price has been on a tear over the past ten days, climbing from $.15 on January 6th, to close at $.275 today.
The company wants the money for metallurgical studies and infill drilling at their Elk Creek niobium project in Nebraska.
News Release: NioCorp Announces Private Placement
Related: Mark Smith CEO.CA Interview
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