NioCorp Developments Ltd 2026年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of February 6, 2026, the registrant had 125,321,172 Common Shares outstanding. PART I — FINANCIAL INFORMATION Contents PageCondensed Consolidated Balance Sheets as of December 31, 2025 and June 30, 2025 (unaudited)2Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and six months endedDecember 31, 2025 and 2024 (unaudited)3 NioCorp Developments Ltd.Notes to the Condensed Consolidated Financial Statements 1.DESCRIPTION OF BUSINESS NioCorp Developments Ltd. (“we,” “us,” “our,” “NioCorp,” or the “Company”) was incorporated on February 27, 1987, underthe laws of the Province of British Columbia and currently operates in one reportable operating segment consisting ofexploration and development of mineral deposits in North America, specifically, the Company’s niobium/scandium/titaniumproperty (the “Elk Creek Project”) located in southeastern Nebraska. The Company currently earns no operating revenues and Liquidity As of December 31, 2025, the Company had cash and cash equivalents of $306,363 and working capital of $297,868. Based onits current liquidity position and planned expenditures, management believes the Company has sufficient resources to meet itsobligations as they become due within one year from the issuance date of these condensed consolidated financial statements, The Company will require additional capital to fully develop, construct, and operate the Elk Creek Project. Management expectsthat future capital requirements will be met through a combination of debt financing, equity financings, and other funding 2.BASIS OF PRESENTATION a)Basis of Presentation and Consolidation The accompanying interim condensed consolidated financial statements have been prepared in accordance with generallyaccepted accounting principles of the United States of America (“U.S. GAAP”) and the rules and regulations of the Securitiesand Exchange Commission (the “SEC”). The interim condensed consolidated financial statements include the consolidated In the opinion of management, all adjustments considered necessary (including normal recurring adjustments) for a fairstatement of the financial position, results of operations, and cash flows as of December 31, 2025, and for all periods presented,have been included in these interim condensed consolidated financial statements. Certain information and footnote disclosuresnormally included in the consolidated financial statements prepared in accordance with U.S. GAAP have been condensed oromitted pursuant to appropriate SEC rules and regulations. These interim condensed consolidated financial statements should be b) Recent Accounting Standards In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and decisionusefulness of income tax disclosures primarily through changes to the rate reconciliation and income taxes paid information. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income -ExpenseDisaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. ASU 2024-03 requires thedisclosure of additional information related to certain costs and expenses, including amounts of inventory purchases, employee NioCorp Developments Ltd.Notes to the Condensed Consolidated Financial Statements requires disclosure of the total amount of selling expenses and our definition of selling expenses. This ASU is effective for ourannual report for the period ending June 30, 2028, and for interim period reports beginning thereafter on a prospective orretrospective basis. Early adoption is permitted. We are currently evaluating the impact of adopting this ASU on our In December 2025, the FASB issued ASU No. 2025-10, Government Grants (Topic 832): Accounting for Government GrantsReceived by Business Entities. The guidance establishes authoritative accounting and disclosure requirements for governmentgrants received by business entities, permits ea