2025-02-19 NIOCORP DEVELOPMENTS LTD Cybersecurity Incident

Page last updated on February 19, 2025

NIOCORP DEVELOPMENTS LTD initially disclosed a cybersecurity incident in an SEC 8-K filing on 2025-02-19 16:46:46 EST.

Company Summary

NioCorp is a resource company that produces niobium, scandium, titanium, and magnetic rare earths to develop a Niobium deposit.

Incident Details

Material: Unknown
Is Breach: FALSE
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date: 2024-02-14
Disclosure Date: 2025-02-19
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2025-02-19

NIOCORP DEVELOPMENTS LTD filed an 8-K at 2025-02-19 16:46:46 EST
Accession Number: 0001539497-25-000735

Item 8.01 Other Events.

On February 14, 2025, NioCorp Developments Ltd. (the “Company”) became aware of unauthorized third-party access to its information systems, including portions of its email systems, that resulted in misdirected vendor payments totaling approximately $0.5 million (the “cybersecurity incident”). The Company self-discovered the cybersecurity incident and promptly notified certain financial institutions and federal law enforcement in an effort to, among other matters, recover the misdirected vendor payments. In addition, upon discovery of the cybersecurity incident, the Company began taking steps to investigate, contain, assess and remediate the cybersecurity incident.

Although the Company believes that the cybersecurity incident is limited to the misdirected vendor payments, the Company’s investigation of the cybersecurity incident remains ongoing and the full scope, nature and impact of the cybersecurity incident are not yet known. As of the date of this filing, the Company has not yet determined whether the cybersecurity incident is reasonably likely to materially impact the Company’s overall financial condition or its results of operations, including whether the Company will ultimately be able to recover all or a portion of the misdirected vendor payments.

Company Information