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Stock impact report

NioCorp Developments Ltd. (NB) Shares Surge After Analyst Flags Government Support and Elk Creek Asset Quality [Yahoo! Finance]

NioCorp Developments Ltd. (NB) 
Company Research Source: Yahoo! Finance
TheFly reported on January 7, 2026, that Freedom Capital Markets analyst Vitaly Kononov initiated coverage on NB with a Buy rating and a price target of $8.70. Following the announcement, NB's stock jumped approximately 6%, reaching an intraday high of $6.86. Freedom Capital Markets initiated coverage on NioCorp Developments Ltd. (NASDAQ:NB) with a Buy rating, citing strong government support, high-quality Elk Creek assets, and long-term revenue visibility. The rating follows NB's shift from exploration to development, including the Mine Portal Project (construction beginning Q1 2026) and the acquisition of FEA Materials LLC assets, which strengthens vertical integration in aluminum-scandium alloy production. Aerial view of a precious metals mine in operation, its machinery extracting gold and silver from the earth. NioCorp Developments Ltd. (NASDAQ:NB) is a U.S. critical minerals development company focused on advancing the Elk Creek Critical Minerals Project in southeast Nebr Show less Read more
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