NioCorp Developments Ltd (NB) shares took a significant hit on Monday morning, dropping by 8.18% to $1.46, following the company’s announcement of both a public and private offering of common shares. The offerings, designed to raise a combined $6 million, will see the company issue shares with warrants at a price of $1.57 per unit. The funds are intended for general corporate purposes, including advancing NioCorp’s critical minerals project in Nebraska, the Elk Creek Project.