By Adriano Marchese
Niocorp Developments Ltd. said Tuesday it has filed a $200 million shelf registration statement with the U.S. Securities and Exchange Commission.
The mineral exploration company said that if and when the shelf registration statement is declared effective by the regulator, the company will have the flexibility to offer and sell up to $200 million of securities, including its common stock, on a registered basis in the country.
"I think it is prudent to maintain flexibility so that Niocorp can access capital markets on a timely and efficient basis, which the shelf registration statement will allow us to do if and when it is declared effective," Executive Chairman and Chief Executive Mark Smith said.
Write to Adriano Marchese at adriano.marchese@wsj.com