Desk · Economic studies · Mixed basket
NASDAQ:NB
NioCorp Developments
Elk Creek, Nebraska — niobium-scandium-titanium carbonatite with a magnetic REE credit. 2026 FS recut to a 40-year integrated US operation.
Medium-strong
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 06-01 FS
- 2) 11-01 FS
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Building
Cadence is real, not yet a cluster. Next print has to land.
- Last beat
- 82d
- Beats / 90d
- 1
- Recent gap
- —
1 beats in 180d
- — Last material beat 82d ago — Updated Elk Creek FS.
- — Next: Project finance / EXIM path after 2026 FS (71d).
- — US listing is done. Pulse is the asset, not the ticker.
- — Government / strategic paper is on the tape.
Trading
- Last
- $4.85
- 1d
- +2.4%
- Mkt cap
- $520M
- Volume
- 1.8M
- 52-week
- $1.3 – $8.9
- 1m
- —
- 3m
- —
- 1y
- —
Shares — · EV / MagREO $29M/kt · snapshot, not a live tape
Company & people
HQ
Centennial, Colorado
Focus
Mixed basket · Hard rock
CEO Mark Smith
- Mark Smith, Exec Chair & CEO
- Scott Honan, COO
Mine / project
Flagship
Elk Creek Critical Minerals
Location
Southeast Nebraska, USA · United States
Deposit
Carbonatite (Nb-Sc-Ti + REE)
Resource
2026 FS: 40-year integrated operation. Niobium is the revenue engine; magnetic REEs are a credit, not the mine.
NdPr / MagREO
Do not underwrite Elk Creek as a REE mine. Underwrite Nb + Sc; treat MagREO as optionality.
Desk basket
18 kt MagREO (desk)
Radioactivity
Moderate — typical monazite / carbonatite
Capital, loans, grants & support
EXIM / US policy loan
Long-running EXIM LOI process and DoD critical-minerals attention
- Historical offtake/LOI stack on Nb and Sc — confirm what is still live post-FS
The Pulse
Nasdaq, US carbonatite, fresh FS. Pulse is financing. EXIM has been a headline for years. A signed credit is a different name than another LOI.
Already Nasdaq. The listing is not the catalyst — the project finance is.
Next: 1 Nov 2026 — Project finance / EXIM path after 2026 FS
Catalysts
- 1 Jun 2026Updated Elk Creek FS study
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method