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.

NioCorp's share price over the past 5 days (Yahoo Finance)

NioCorp CEO Mark Smith was featured in an interview on CEO.CA last week, and is in Europe for a series of investor presentations (Schedule).

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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