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The company confirmed the news via an8-K reportrecently filed with the US Securities and Exchange Commission (SEC).

The result of this access was a misdirected vendor payment totaling approximately $0.5 million.

It is unclear if it succeeded yet or not.

The company also said it began taking steps to investigate, contain, assess, and remediate the attack.

NioCorp Developments aims to produce niobium, scandium, and titanium for industrial and green technology applications.