NioCorp (NIOBF) Comes To Nasdaq Through SPAC

To mine and process, rare earth metals mining companies need serious funding. One of the miners, NioCorp is planning to raise funds publicly through a merger with GX Acquisition Corp II. The company is already listed on TSX, Toronto Exchange with the ticker symbol NB. Probably in Nasdaq, it will be listed with another ticker.

To finance its Elk Creek project in the south of Nebraska the company is about to get access to up to $285 million. After the merger, both companies will make up a total of $313 million. For several years the combined company might be at loss to generate substantial revenue.

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