NIOBW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-11-05

• Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” and similar expressions, or statements that events, conditions, or results “will,” “may,” “could,” or “should” (or the negativ…

• change, except as required by law. For the reasons set forth above, investors should not attribute undue certainty to, or place undue reliance on, forward-looking statements.

• All technical and scientific information that forms the basis for the Elk Creek Project disclosure included in this Quarterly Report on Form 10-Q has been reviewed and approved by Scott Honan, M.Sc., SME-RM, NioCorp’s Chief Operating Officer. Mr. Honan is a “Qualified Person” as such term is defined…

• NioCorp, through Elk Creek Resources Corp. (“ECRC”), an indirect majority-owned subsidiary of the Company, is developing the Elk Creek Project, a critical minerals project that, if and when developed, is expected to produce niobium, scandium, titanium, and several rare earth products, including neod…

• Niobium is used to produce various superalloys that are extensively used in high performance aircraft and jet turbines. It also is used in high-strength, low-alloy steel, a stronger steel used in automobiles, bridges, structural systems, buildings, pipelines, and other applications that generally en…

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” and similar expressions, or statements that events, conditions, or results “will,” “may,” “could,” or “should” (or the negativ…

• All technical and scientific information that forms the basis for the Elk Creek Project disclosure included in this Quarterly Report on Form 10-Q has been reviewed and approved by Scott Honan, M.Sc., SME-RM, NioCorp’s Chief Operating Officer. Mr. Honan is a “Qualified Person” as such term is defined…

• NioCorp is developing the Elk Creek Project, located in southeastern Nebraska. The Elk Creek Project is a development-stage property that has disclosed niobium, scandium, and titanium reserves and resources and disclosed rare earth mineral resources. The Company is continuing technical and economic …

• Our primary business strategy is to advance our Elk Creek Project to commercial production. We are focused on carrying out our near-term planned work programs associated with securing the project financing package necessary to complete mine development and construction of the Elk Creek Project.

• On February 25, 2026, the Company issued and sold (a) 17,400,000 Common Shares at an offering price of $5.00 per Common Share and (b) 2,600,000 pre-funded Warrants (the “February Pre-Funded Warrants”) to purchase up to an additional 2,600,000 Common Shares at an offering price of $4.9999 per Februar…

Text added vs the prior filing · source: 10-Q · 2026-11-05

• Notwithstanding the material weakness in our internal control over financial reporting, our CEO and CFO have concluded that the interim condensed consolidated financial statements included in this Quarterly Report on Form 10-Q fairly present, in all material respects, our financial position, results…

• Material Weakness in Internal Control over Financial Reporting

• As previously disclosed in Part II, Item 9A, “Controls and Procedures,” of our Annual Report on Form 10-K, management identified a material weakness in our internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act, which is described below.

• Management concluded that the one material weakness disclosed in the Company’s Annual Report on Form 10-K continued to exist as of September 30, 2026. That material weakness relates to a deficiency in the principles associated with the control activities component of internal control, based on the c…

• Control Activities: Management did not maintain effective controls over the design and implementation of process-level control activities related to vendor banking information.

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• CEO and the CFO have concluded that, as of March 31, 2026, our disclosure controls and procedures were not effective due to the material weaknesses in internal control over financial reporting described below.

• Notwithstanding the material weaknesses in our internal control over financial reporting, our CEO and CFO have concluded that the interim condensed consolidated financial statements included in this Quarterly Report on Form 10-Q fairly present, in all material respects, our financial position, resul…

• Material Weaknesses in Internal Control over Financial Reporting Existing as of March 31, 2026

• The management of NioCorp Developments Ltd. is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act for the Company. Management assessed the effectiveness of our internal control over financial…

• Management concluded that the material weaknesses disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, continued to exist as of March 31, 2026. Specifically, management identified deficiencies in the principles associated with the control environment, risk a…