NioCorp Developments (NB) 10-K 4 Sep 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2019	Sep. 03, 2019	Dec. 31, 2018
Document And Entity Information
Entity Registrant Name	NIOCORP DEVELOPMENTS LTD
Entity Central Index Key	0001512228
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Document Type	10-K
Document Period End Date	Jun. 30, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Common Stock, Shares Outstanding		234,293,107
Entity Public Float			$ 124,189,209
Entity File Number	000-55710
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	A1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Current
Cash	$ 357	$ 73
Prepaid expenses and other	71	18
Other current assets		474
Total current assets	428	565
Non-current
Deposits	35	35
Available for sale securities at fair value	5	12
Mineral interests	10,617	10,617
Total assets	11,085	11,229
Current
Accounts payable and accrued liabilities	2,941	1,686
Related party loan	1,480	1,480
Convertible debt, current portion	800	756
Derivative liability, convertible debt		8
Total current liabilities	5,221	3,930
Convertible debt, net of current portion	1,012	4,106
Total liabilities	6,233	8,036
Commitments and contingencies
SHAREHOLDERS' EQUITY
Common stock, unlimited shares authorized; shares outstanding: 232,496,215 at June 30, 2019 and 213,405,372 at June 30, 2018	82,939	74,683
Additional paid-in capital	13,124	12,379
Accumulated deficit	(90,685)	(83,349)
Accumulated other comprehensive loss	(526)	(520)
Total shareholder equity	4,852	3,193
Total liabilities and equity	$ 11,085	$ 11,229

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of Financial Position [Abstract]
Common stock, authorized	Unlimited	Unlimited
Common stock, outstanding	232,496,215	213,405,372

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Operating expenses
Employee related costs	$ 1,557	$ 2,133	$ 2,137
Professional fees	315	661	1,105
Exploration expenditures	3,144	2,136	8,927
Other operating expenses	1,420	1,105	1,608
Total operating expenses	6,436	6,035	13,777
Change in financial instrument fair value	630	1,902	574
Foreign exchange (gain) loss	(3)	174	(16)
Interest expense	266	375	286
Loss on available for sale securities	7	11	9
Loss before income taxes	7,336	8,497	14,630
Income tax benefit
Net loss	7,336	8,497	14,630
Other comprehensive loss (gain):
Net loss	7,336	8,497	14,630
Other comprehensive loss (gain):
Reporting currency translation	6	(86)	(9)
Total comprehensive loss	$ 7,342	$ 8,411	$ 14,621
Loss per common share, basic and diluted (in dollars per share)	$ 0.03	$ 0.04	$ 0.08
Weighted average common shares outstanding (in shares)	223,160,189	207,255,111	187,810,774

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Total loss for the period	$ (7,336)	$ (8,497)	$ (14,630)
Adjustments for:
Depreciation		6	9
Change in financial instrument fair value	630	1,902	574
Unrealized loss (gain) on available-for-sale investments	7	11	9
Accretion of convertible debt	44	165	106
Foreign exchange (gain) loss	23	170	41
Write-off of deferred costs	474
Share-based compensation	604	1,296	1,471
Subtotal	(5,554)	(4,947)	(12,420)
Change in non-cash working capital items:
Receivables		7	(2)
Prepaid expenses	(53)	129	(43)
Accounts payable and accrued liabilities	1,252	(1,284)	1,794
Net cash used in operating activities	(4,355)	(6,095)	(10,671)
CASH FLOWS FROM INVESTING ACTIVITIES
Deposits		15	9
Net cash provided by investing activities		15	9
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of capital stock	3,794	1,545	5,673
Share issue costs	(134)	(189)	(52)
Issuance of convertible debt	1,000	4,500	1,000
Related party debt draws		305	175
Deferred financing costs		(474)
Net cash provided by financing activities	4,660	5,687	6,796
Exchange rate effect on cash, cash equivalents and restricted cash	(21)	(37)	(43)
Change in cash, cash equivalents and restricted cash during period	284	(430)	(3,909)
Cash, cash equivalents and restricted cash, beginning of period	73	503	4,412
Cash, cash equivalents and restricted cash, end of period	357	73	503
Supplemental cash flow information:
Amounts paid for interest	129	240	135
Amounts paid for income taxes
Non-cash financing transaction:
Lind conversions	4,582	5,130	4,103
Debt to equity conversion		$ 207

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional paid-in capital	Deficit	Accumulated other comprehensive income	Total
Balance, beginning at Jun. 30, 2016	$ 58,401	$ 8,630	$ (60,222)	$ (615)	$ 6,194
Balance, beginning (in shares) at Jun. 30, 2016	180,467,990
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of warrants	$ 1,675				1,675
Exercise of warrants (in shares)	3,447,137
Exercise of options	$ 104	(34)			70
Exercise of options (in shares)	150,000
Fair value of broker warrants granted		20			20
Fair value of Lind Warrants granted		233			233
Private placement - February 2017	$ 3,927				3,927
Private placement - February 2017 (in shares)	7,364,789
Debt conversions	$ 4,103				4,103
Debt conversions (in shares)	7,346,421
Share issuance costs	$ (181)				(181)
Share issuance costs, shares
Share-based payments		1,471			1,471
Reporting currency presentation				9	9
Loss for the year			(14,630)		(14,630)
Balance, ending at Jun. 30, 2017	$ 68,029	10,320	(74,852)	(606)	2,891
Balance, ending (in shares) at Jun. 30, 2017	198,776,337
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options	$ 7	(2)			5
Exercise of options (in shares)	10,091
Fair value of broker warrants granted		41			41
Fair value of Lind Warrants granted		724			724
Private placement - July 2017	$ 1,540				1,540
Private placement - July 2017 (in shares)	2,962,500
Private placement - September 2017	$ 207				207
Private placement - September 2017 (in shares)	415,747
Debt conversions	$ 5,130				5,130
Debt conversions (in shares)	11,240,697
Share issuance costs	$ (230)				(230)
Share issuance costs, shares
Share-based payments		1,296			1,296
Reporting currency presentation				86	86
Loss for the year			(8,497)		(8,497)
Balance, ending at Jun. 30, 2018	$ 74,683	12,379	(83,349)	(520)	$ 3,193
Balance, ending (in shares) at Jun. 30, 2018	213,405,372				213,405,372
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of warrants	$ 64				$ 64
Exercise of warrants (in shares)	115,000
Exercise of options	$ 15	(15)
Exercise of options (in shares)	16,203
Fair value of Lind Warrants granted		156			156
Private placement - September 2018	$ 2,412				2,412
Private placement - September 2018 (in shares)	4,975,158
Private placement - April 2019	$ 1,317				1,317
Private placement - April 2019 (in shares)	2,957,164
Debt conversions	$ 4,582				4,582
Debt conversions (in shares)	11,027,318
Share issuance costs	$ (134)				(134)
Share issuance costs, shares
Share-based payments		604			604
Reporting currency presentation				(6)	(6)
Loss for the year			(7,336)		(7,336)
Balance, ending at Jun. 30, 2019	$ 82,939	$ 13,124	$ (90,685)	$ (526)	$ 4,852
Balance, ending (in shares) at Jun. 30, 2019	232,496,215				232,496,215

Description of Business

Description of Business	12 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS NioCorp Developments Ltd. (the “Company”) was incorporated on February 27, 1987 under the laws of the Province of British Columbia and currently operates in one reportable operating segment consisting of exploration and development of mineral deposits in North America, specifically, the Elk Creek Niobium/Scandium/Titanium property (the “Elk Creek Project”) located in Southeastern Nebraska. These consolidated financial statements have been prepared on a going concern basis that contemplates the realization of assets and discharge of liabilities at their carrying values in the normal course of business for the foreseeable future. These financial statements do not reflect any adjustments that may be necessary if the Company is unable to continue as a going concern. The Company currently earns no operating revenues and will require additional capital in order to advance the Elk Creek Project. These matters raised substantial doubt about the Company’s ability to continue as a going concern, and the Company is dependent upon the generation of profits from mineral properties, obtaining additional financing and maintaining continued support from its shareholders and creditors.

Basis of Preparation

Basis of Preparation	12 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PREPARATION	2. BASIS OF PREPARATION a) Basis of Preparation and Consolidation These consolidated financial statements have been prepared in conformity with generally accepted accounting principles of the U.S. (“U.S. GAAP”). Certain transactions include reference to Canadian dollars (“C$”) where applicable. These consolidated financial statements include the accounts of the Company and the subsidiaries listed in the following table. All intercompany transactions and balances have been eliminated. Country of Ownership at June 30, incorporation 2019 2018 0896800 BC Ltd. Canada 100 % 100 % Elk Creek Resources Corp. USA 100 % 100 % Certain prior year amounts have been reclassified to conform to current year presentation and these reclassifications had no effect on the reported results of operations or net equity as previously disclosed. b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuations and share-based compensation. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	3. SIGNIFICANT ACCOUNTING POLICIES a) Exploration Stage Enterprise The Company is in the exploration stage of operation and devotes substantially all of its efforts to acquiring and exploring mining interests that management believes should eventually provide sufficient net profits to sustain the Company's existence. Until such interests are engaged in commercial production, the Company will continue to seek additional funding to support the completion of its exploration and development activities. The Company's activities are subject to significant risks and uncertainties, including its ability to secure sufficient funding to continue operations, to obtain proven and probable reserves, to comply with industry regulations and obtain permits necessary for development of the Elk Creek Project, as well as environmental risks and market conditions. b) Cash and Cash Equivalents Cash and cash equivalents includes cash on hand, cash in banks, investments in certificates of deposit with original maturities of 90 days or less, and money market funds. c) Foreign Currency Translation Functional and reporting currency Items included in the financial statements of each of the Company's entities are measured using the currency of the primary economic environment in which the entity operates ("the functional currency"). The functional currency of the Company is the Canadian dollar and the functional currency for Elk Creek Resources Corp., a wholly-owned subsidiary, is the U.S. dollar. The reporting currency for these consolidated financial statements is U.S. dollars. Transactions in foreign currency Transactions made in a currency other than the functional currency are remeasured to the functional currency at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are remeasured to the functional currency at the exchange rate at that date and non-monetary assets and liabilities are remeasured at historical rates. Foreign currency translation gains and losses are included in profit or loss. Translation to reporting currency The results and financial position of entities that have a functional currency different from the reporting currency are translated into the reporting currency as follows: ● Assets and liabilities for each statement of financial position presented are translated at the closing rate at the end of the reporting date. ● Income and expenses for each statement of income are translated at average exchange rates, unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the rate on the dates of the transactions. ● All resulting exchange differences are recognized in other comprehensive income. d) Available for Sale Securities Available for sale securities are recorded at fair value through the statement of operations pursuant to the fair value option permitted by ASC 825, Financial Instruments. e) Mineral Properties Mineral property acquisition costs, including indirectly related acquisition costs, are capitalized when incurred. Acquisition costs include cash consideration and the fair market value of common shares issued as consideration. Properties acquired under option agreements, whereby payments are made at the sole discretion of the Company, are capitalized as mineral property acquisition costs at such time as the payments are made. Exploration costs are expensed as incurred. When it is determined that a mining deposit can be economically and legally extracted or produced based on established proven and probable reserves under SEC Industry Guide 7, development costs related to such reserves and incurred after such determination will be considered for capitalization. The establishment of proven and probable reserves is based on results of feasibility studies, which indicate whether a property is economically feasible. Upon commencement of commercial production, capitalized costs will be amortized over their estimated useful lives or units of production, whichever is a more reliable measure. Capitalized amounts relating to a property that is abandoned or otherwise considered uneconomic for the foreseeable future are written off. The recoverability of the carrying values of mineral properties is dependent upon economic reserves being discovered or developed on the properties, permitting, financing, start-up, and commercial production from, or the sale/lease of, or other strategic transactions related to these properties. Development and/or start-up of a project will depend on, among other things, management's ability to raise sufficient capital for these purposes. We assess the carrying cost of our mineral properties for impairment whenever information or circumstances indicate the potential for impairment. This would include events and circumstances such as our inability to obtain all the necessary permits, changes in the legal status of our mineral properties, government actions, the results of exploration activities and technical evaluations and changes in economic conditions, including the price of commodities or input prices. Such evaluations compare estimated future net cash flows with our carrying costs and future obligations on an undiscounted basis. If it is determined that the estimated future undiscounted cash flows are less than the carrying value of the property, an impairment loss will be recorded. Where estimates of future net cash flows are not determinable and where other conditions indicate the potential for impairment, management uses available market information and/or third-party valuation experts to assess if the carrying value can be recovered and to estimate fair value. f) Long Lived Assets Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. For purposes of evaluating the recoverability of long-lived assets, the recoverability test is performed using undiscounted net cash flows related to the long-lived assets. If such assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. g) Financial Instruments The Company's financial instruments consist of cash, receivables, available for sale securities, accounts payable and accrued liabilities, convertible debt and the related party loan. It is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from its financial instruments. The fair values of these instruments approximate their carrying value unless otherwise noted. h) Concentration of Credit Risk The financial instrument which potentially subjects the Company to credit risk is cash and cash equivalents, The Company holds invests or maintains available cash primarily in two commercial banks located in Vancouver, British Columbia and Santa Clara, California. As part of its cash management process, the Company regularly monitors the relative credit standing of these institutions. i) Asset Retirement Obligation The Company is subject to various government laws and regulations relating to environmental disturbances caused by exploration and evaluation activities. The estimated costs associated with environmental remediation obligations are accrued in the period in which the liability is incurred if it is reasonably estimable or known. Until such time that a project life is established, the Company records the corresponding cost as an exploration stage expense and has accrued $83 related to estimated obligations as of June 30, 2019 (2018 - $83). Future reclamation and environmental-related expenditures are difficult to estimate in many circumstances due to the early stage nature of the Elk Creek Project, the uncertainties associated with defining the nature and extent of environmental disturbance, the application of laws and regulations by regulatory authorities and changes in reclamation or remediation technology. The Company periodically reviews accrued liabilities for such reclamation and remediation costs as evidence indicating that the liabilities have potentially changed becomes available. Changes in estimates are reflected in the consolidated statement of operations in the period an estimate is revised. j) Income Taxes Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25, "Income Taxes – Recognition." k) Basic and Diluted Per Share Disclosure Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities. Potentially dilutive shares, such as stock options and warrants, are excluded from the calculation when their inclusion would be anti-dilutive, such as when the exercise price of the instrument exceeds the fair market value of the Company's common stock and when a net loss is reported. The dilutive effect of convertible debt securities is reflected in the diluted earnings (loss) per share calculation using the if-converted method. Conversion of the debt securities is not assumed for purposes of calculating diluted earnings (loss) per share if the effect is anti-dilutive. l) Stock Based Compensation The Company grants stock options to directors, officers, and employees. Option terms and vesting conditions are at the discretion of the Board of Directors. The option exercise price is equal to the closing market price on the Toronto Stock Exchange on the Toronto Stock Exchange on the day preceding the date of grant. The Company estimates the fair value of stock options using the Black-Scholes option pricing model. The Company recognizes forfeitures as they occur. m) Recent Accounting Standards Issued and Not Effective From time to time, new accounting pronouncements are issued by the FASB that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company's consolidated financial statements upon adoption. In June 2018, the FASB issued Accounting Standards Update ("ASU") 2018-07 "Compensation - Stock compensation - Improvements to Nonemployee Share-Based Payment Accounting". This update aims to simplify the accounting for share-based payments awarded to non-employees for goods or services acquired. The update specifies that the measurement date is the grant date and that awards are required to be measured at fair value. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. In February 2016, ASU 2016-02 was issued related to leases, which was further amended in September 2017 by ASU 2017-13, in January 2018 by ASU 2018-01, in July 2018 by ASU 2018-10 and 2018-11, and in March 2019 by ASU 2019-01. The new guidance modifies the classification criteria and requires lessees to recognize the assets and liabilities arising from most leases on the balance sheet. The new guidance is effective for fiscal years beginning after December 15, 2018, and the Company will adopt the guidance effective with our fiscal year beginning July 1, 2019. Adoption of this guidance will have an immaterial impact on the Company's consolidated financial statements and disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements.

Going Concern Issues

Going Concern Issues	12 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN ISSUES	4. GOING CONCERN ISSUES The Company incurred a loss of $7,336 for the year ended June 30, 2019 (2018 - $8,497 and 2017 - $14,630) and had a working capital deficit and accumulated deficit of $4,793 and $90,685, respectively, as of June 30, 2019. These factors indicate the existence of a material uncertainty that raises substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue operations and fund its expenditures is dependent on management’s ability to secure additional financing. Management is actively pursuing such additional sources of financing, and while it has been successful in doing so in the past, there can be no assurance it will be able to do so in the future. These consolidated financial statements do not give effect to any adjustments required to realize the Company’s assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying financial statements.

Other Current Assets

Other Current Assets	12 Months Ended
	Jun. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT ASSETS	5. OTHER CURRENT ASSETS Other current assets include legal and other professional fees associated with obtaining project debt financing for the Elk Creek Project. During the year ended June 30, 2019, the Company issued an updated feasibility study report on the Elk Creek Project. Due to the nature of changes in the underground mining portion of the technical study, and the passage of time from initial deferral, the Company has elected to expense these deferred costs and a total of $714 has been included in other operating expenses for the year ended June 30, 2019. Future financing-related fees will continue to be expensed until a definitive agreement has been approved by the Board.

Mineral Interests

Mineral Interests	12 Months Ended
	Jun. 30, 2019
Mineral Industries Disclosures [Abstract]
MINERAL INTERESTS	6. MINERAL INTERESTS During the year ended June 30, 2011, the Company completed the acquisition of the Elk Creek property through a share exchange agreement with 0859404 BC Ltd, a Canadian company, which owned all the issued and outstanding shares of Elk Creek Resources Corp. (“Elk Creek”). The Company issued 18,990,539 Common Shares to acquire all of the issued and outstanding shares of 0859404 BC Ltd. and issued 1,034,348 Common Shares as a finder’s fee with respect to the acquisition. The transaction did not meet the definition of a business acquisition, as set forth in ASC 805, and therefore was accounted for as a purchase of assets. The acquisition price was based on the market value of the Company’s Common Shares on the closing date and total consideration given was C$13,246, including associated deferred tax impacts of C$4,736. The property interests of Elk Creek consist of a number of prepaid five-year mineral exploration lease agreements and include a pre-determined buyout for permanent ownership of the mineral rights. During the year ended June 30, 2015, the Company executed 5-year extensions to all landholder agreements covering 100% of the mineralized materials at the Elk Creek Project. These landholder agreements expire between December 2019 and September 2021. Terms of the agreements require no further significant payments, and the Company may negotiate lease extensions or elect to buyout the mineral rights at any time. Certain agreements also contain provisions to purchase surface rights, and several contain provisions whereby the landowners would retain a 2% NSR.

Convertible Debt

Convertible Debt	12 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
CONVERTIBLE DEBT	7. CONVERTIBLE DEBT As of June 30, 2019 2018 Current Portion: Convertible notes $ 800 $ 756 Noncurrent Portion: Convertible security $ 1,102 $ 4,106 Convertible Notes The Company completed a non-brokered private placement of unsecured convertible promissory notes (the "Notes"), for gross proceeds of $800 (the "Private Placement") in October 2015. The Notes bear interest at a rate of 8%, payable quarterly in arrears, are non-transferable and have a term of three years from the date of issue. Principal under the Notes is convertible by lenders at any time into, and payable by the Company in, Common Shares of the Company at a conversion price of C$0.97 per Common Share, calculated on conversion or repayment using the then-current Bank of Canada noon exchange rate. Accrued but unpaid interest on the Notes will be convertible by the lender into, and payable by the Company in, Common Shares at a price per Common Share equal to the most recent closing price of the Company's Common Shares prior to the delivery to the Company of a request to convert interest, or the due date of interest, as applicable, calculated using the then-current Bank of Canada noon exchange rate. Interest, when due, is payable either in cash or Common Shares, at the election of the Company. Effective October 10, 2018, the due date for the Convertible Notes was extended for one year to October 14, 2019. All other terms and conditions remained unchanged. The conversion feature of the debentures meets the definition of a derivative liability instrument because the conversion feature is denominated in a currency other than the Company's Canadian dollar functional currency and the conversion rate is variable and therefore does not meet the "fixed-for-fixed" criteria outlined in ASC 815-40-15. As a result, the conversion feature of the debentures is required to be recorded as a derivative liability recorded at fair value and marked-to-market each period with the changes in fair value each period being charged or credited to income. The Company incurred transaction costs of $47, which were added to the carrying amount of the financial liability and are amortized as part of the effective interest rate. Changes in the Notes balance are comprised of the following: Convertible Notes Balance, July 1, 2017 $ 592 Accreted interest, net of interest paid 164 Balance, June 30, 2018 756 Accreted interest, net of interest paid 44 Balance, June 30, 2019 $ 800 The changes in the derivative liability related to the conversion feature are as follows: Derivative Liability Balance, July 1, 2017 $ 82 Change in fair value of derivative liability (74 ) Balance, June 30, 2018 8 Change in fair value of derivative liability (8 ) Balance, June 30, 2019 $ - Lind Partners Convertible Security Funding Convertible Security Balance, July 1, 2017 $ 3,465 Additional debt drawdowns 4,500 Conversions, at fair value (5,130 ) Change in fair market value 1,271 Balance, June 30, 2018 4,106 Additional debt drawdowns 1,000 Conversions, at fair value (4,582 ) Change in fair market value 488 Balance, June 30, 2019 $ 1,012 On December 22, 2015, the Company closed a definitive convertible security funding agreement (the "Lind Agreement") with Lind Asset Management IV, LLC ("Lind"). The Lind Agreement includes a $4,500 principal amount, 10% secured convertible security (the "Convertible Security") and 3,125,000 transferable Common Share purchase warrants (the "Lind Warrants"). The Convertible Security had a term of two years from its date of issuance, and interest was prepaid and added to its principal amount; accordingly, the initial face value of the Convertible Security was $5,400, and the yield of the Convertible Security (if held, unconverted, to maturity) was 10% per annum, or $900. Each Lind Warrant had a term of three years from its date of issuance and entitled the holder to purchase one additional Common Share (a "Lind Warrant Share") at a price of C$0.72 on or before December 22, 2018. Lind could increase the funding under the Convertible Security by an additional $1,000 during its two-year term. Further, provided certain conditions are met, the Company had the right to call an additional $1,000 under the funding agreement (a "First Tranche Increase"). The Agreement also provides for the issuance of a second Convertible Security on mutual agreement of the Company and Lind, in which Lind would fund up to another US$6.0 million (the "Second Tranche"), which can also be increased by US$1.0 million. The Convertible Security is convertible into common shares of the Company at a conversion price equal to 85% of the volume weighted average trading price of the common shares (in Canadian dollars) for the five consecutive trading days immediately prior to the date on which the Investor provides the Company with notice of its intention to convert an amount of the Convertible Security from time to time. The issuance of the Convertible Security and the Lind Warrants was completed on a non-brokered private placement basis. The Company has elected to account for the Convertible Security at fair value. Transaction costs of $214, including a 3% closing fee paid to Lind of $135, were expensed at closing. In addition, the Company recognized $620 in change in financial instrument fair value in the consolidated statement of operations related to fair value of the Lind Warrants at closing. The fair value of the Lind Warrants was estimated based on the Black Scholes pricing model using a risk-free interest rate of 1.30%, an expected dividend yield of 0%, a volatility of 86.58%, and an expected life of 3.0 years. On February 14, 2017, upon satisfaction of the conditions for the First Tranche Increase, the Company provided notice to Lind to demand the advancement of an additional $1,000 in funding under the Convertible Security pursuant to its right to call. This amount was funded by Lind on March 31, 2017, resulting in an increase in the face amount of the Convertible Security of $1,200 ($1,000 in funding and $200 in implied interest). On August 10, 2017, Lind provided notice to the Company of its election to advance an additional $1,000 in funding under the Convertible Security pursuant to its right under the Lind Agreement. This amount was funded by Lind in four equal installments, and in total the face value of the Convertible Security was increased by $1,200 ($1,000 in additional funding plus implied interest). All amounts funded by Lind through August 10, 2017, including implied interest, have been converted to Common Shares as of May 22, 2018. On January 23, 2018, Lind provided notice to the Company of its election to advance an additional $2,500 in funding under the Convertible Security pursuant to its right under the Lind Agreement. This amount was funded by Lind in three installments, and in total the face value of the Convertible Security was increased by $3,000 ($2,500 in additional funding plus implied interest). On March 27, 2018, the Company provided notice to Lind of its election to call an additional $1,000 in funding under the Convertible Security pursuant to its right under the Lind Agreement. This amount was funded by Lind on April 5, 2018, and the face amount of the Convertible Security was increased by $1,200 ($1,000 in additional funding and $200 in implied interest). On June 27, 2018, the Company signed a definitive convertible security funding agreement (the "Subsequent Lind Agreement") with Lind. Pursuant to the issuance of a convertible security (the "Subsequent Convertible Security" and, together with the Convertible Security, the "Convertible Securities"), a total of $1,000 was funded on July 9, 2018. The Subsequent Lind Agreement replaces the Lind Agreement in respect of the remaining $1,000 funding amount available under the Lind Agreement and accordingly, no further funding will be provided by Lind to the Company under the Lind Agreement. The terms of the Subsequent Convertible Security are substantially similar to the terms governing like securities under the Lind Agreement. As a result, upon payment of the $1,000 in funding by Lind to the Company, the Subsequent Convertible Security was issued in the amount of $1,200 ($1,000 in funding plus implied interest), and the Company issued warrants ("Warrants") to Lind, as follows: Black Scholes Pricing Model Inputs Funding Date Face Value 1 Warrants Issued 2 Issue Price 3 Warrant Expiry Date Risk-free Rate Yield Volatility Expected Life July 9, 2018 $ 1,200 1,035,319 C$ 0.77 July 9, 2021 2.0 % 0 % 58.3 % 3 years 1 Includes implied interest. 2 The value of Warrants issued totaled $156, which was expensed to Change in Financial Instrument Fair Value. 3 The price to convert one Warrant into one common share of the Company ("Common Share"). Additional funding of the Convertible Security, including the issuance of warrants as provided for under the Lind Agreement, was comprised of the following transactions: Black Scholes Pricing Model Inputs Funding Date Funded Value Face Value 1 Warrants Issued 2 Warrant Valuation 3 Warrant Issue Price 4 Risk-free Rate Yield Volatility Expected Life August 15, 2017 $ 250 $ 300 260,483 $ 33 C$ 0.73 1.23 % 0 % 49.6 % 3 years September 28, 2017 250 300 283,413 32 C$ 0.66 1.23 % 0 % 47.7 % 3 years October 31, 2017 250 300 308,901 31 C$ 0.62 1.59 % 0 % 47.0 % 3 years December 6, 2017 250 300 355,132 31 C$ 0.54 1.59 % 0 % 48.9 % 3 years subtotal 1,000 1,200 1,207,929 127 January 30, 2018 1,500 1,800 1,546,882 261 C$ 0.72 1.78 % 0 % 56.5 % 3 years February 5, 2018 500 600 529,344 85 C$ 0.70 1.78 % 0 % 56.6 % 3 years February 7, 2018 500 600 541,435 79 C$ 0.69 1.78 % 0 % 56.7 % 3 years subtotal 2,500 3,000 2,617,661 425 April 5, 2018 1,000 1,200 1,058,872 172 C$ 0.72 1.85 % 0 % 57.9 % 3 years 2018 total funding $ 4,500 $ 5,400 4,884,462 $ 724 July 9, 2018 $ 1,000 $ 1,200 1,035,319 $ 156 C$ 0.77 2.0 % 0 % 58.3 % 3 years 2019 total funding $ 1,000 $ 1,200 1,035,319 $ 156 1 Includes implied interest. Each funding has a term of two years from the funding date. 2 Warrants expire three years from issuance date. 3 Based on Black Scholes pricing model inputs. The value of warrants issued is expensed to Change in Financial Instrument Fair Value. 4 The price to convert one warrant into one Common Share. The Lind Agreement contains financial and non-financial covenants customary for a facility of this size and nature, and includes a financial covenant defining an event of default as all present and future liabilities of the Company or any of its subsidiaries, exclusive of related party loans, for an amount or amounts exceeding $2,000, and which have not been satisfied on time or within 90 days of invoice or have become prematurely payable as a result of its default or breach. This covenant became effective after February 1, 2016 and the Company was in compliance as of June 30, 2019.

Common Stock

Common Stock	12 Months Ended
	Jun. 30, 2019
Equity [Abstract]
COMMON STOCK	8. COMMON STOCK a) Issuances 2019 Issuances On September 14, 2018, the Company completed the first tranche closing (the "2018 First Tranche Closing") of a non-brokered private placement (the "September 2018 Offering") of units (each a "Unit"). The 2018 First Tranche Closing consisted of the issuance of 2,917,587 Units, at a price of C$0.63 per Unit, for gross proceeds of C$1,838. Each Unit issued in connection with the 2018 First Tranche Closing consists of one Common Share and one-half of one Warrant. Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of C$0.75 until September 14, 2020. On September 28, 2018, the Company completed the second and final tranche closing (the "2018 Second Tranche Closing") of the September 2018 Offering. The 2018 Second Tranche Closing consisted of the issuance of 2,057,571 Units, at a price of C$0.63 per Unit, for gross proceeds of C$1,296. Each Unit issued in connection with the 2018 Second Tranche Closing consists of one Common Share and one-half of one Warrant. Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of C$0.75 until September 28, 2020. Net proceeds from the September 2018 Offering were used by the Company for continued development of NioCorp's Elk Creek Project and for general corporate purposes. The Company paid cash commissions of C$18 in connection with the September 2018 Offering to brokers outside of the United States. On April 29, 2019, the Company closed the first tranche (the "2019 First Tranche Closing") of a non-brokered private placement (the "April 2019 Private Placement") of Units of the Company. In connection with the 2019 First Tranche Closing, a total of 1,666,664 Units were issued at a price per Unit of C$0.60, for total gross proceeds to the Company of approximately C$1 million. On May 9, 2019, the Company closed the second and final tranche of the April 2019 Private Placement (the "2019 Second Tranche Closing") and a total of 1,290,500 Units were issued at a price per Unit of C$0.60, for total gross proceeds to the Company of approximately C$0.8 million. Each Unit issued pursuant to the April 2019 Private Placement consisted of one Common Share and one-half of one Common Share purchase Warrant. Each full Warrant entitles the holder thereof to purchase one additional Common Share at a price of C$0.72 for a period of two years from their date of issuance. Proceeds from the April 2019 Private Placement will be used for working capital and general corporate purposes. 2018 Issuances On July 26, 2017, the Company closed a brokered private placement (the "July 2017 Private Placement") of units ("Units") of the Company. Under the July 2017 Private Placement, a total of 2,962,500 Units were issued at C$0.65 per Unit, for total gross proceeds to the Company of approximately C$1,926. Each Unit issued pursuant to the July 2017 Private Placement consists of one Common Share and one Warrant of the Company. Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of C$0.79 until July 26, 2021. The July 2017 Private Placement was brokered by Mackie Research Capital Corporation (the "Agent"). The Company paid the Agent an aggregate cash commission of approximately C$125, equal to 6.5% of the gross proceeds raised under the July 2017 Private Placement. The Company also issued to the Agent 192,562 broker warrants (the "Broker Warrants"), equal to 6.5% of the Units sold pursuant to the July 2017 Private Placement. Each Broker Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.79 until July 26, 2021. The fair value of the Broker Warrants of $41 was estimated based on the Black Scholes pricing model using a risk-free interest rate of 1.32%, an expected dividend yield of 0%, a volatility of 60.3%, and an expected life of four years. Total cash issue costs including agents' commission, legal and other fees was $189. Proceeds of the July 2017 Private Placement were used for general working capital purposes and to continue advancement of the Company's Elk Creek Project. On September 5, 2017, the Company entered into a shares-for-debt agreement with Northcott Capital Limited ("Northcott") whereby NioCorp issued 415,747 Common Shares to settle a debt of C$254 owed to Northcott for past and prospective services through December 2017. Northcott manages NioCorp's current effort to assemble a debt financing package as part of the Company's overall Elk Creek Project financing effort. The shares issued to Northcott were priced at C$0.61 per share, which represents a 10% premium over the five-day Volume Weighted Average Price of the Common Shares of C$0.5571 as of the date of the agreement. 2017 Issuances On February 14, 2017, the Company completed the first tranche closing (the "2017 First Tranche Closing") of a non-brokered private placement of units (each a "Unit") (the "February 2017 Offering"). The 2017 First Tranche Closing consisted of the issuance of 3,860,800 Units at a price of C$0.70 per Unit, for gross proceeds of C$2.7 million. Each Unit consists of one Common Share and one transferable Common Share purchase warrant (each whole such warrant a "Warrant"), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of C$0.85 for a period of 36 months from their date of issuance. On February 28, 2017, the Company completed the second and final tranche closing (the "2017 Final Closing") of the February 2017 Offering. The 2017 Final Closing consisted of the issuance of 3,503,989 units including 2,964,682 units dated February 21, 2017, and 539,307 units dated February 28, 2017 (collectively, the "2017 Final Closing Units"), at a price of C$0.70 per Unit, for gross aggregate proceeds of C$2.5 million. Each 2017 Final Closing Unit consists of one Common Share and one transferable Common Share purchase warrant (a "Warrant"), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of C$0.85 for a period of three years from Unit issuance. The Company paid cash commissions of C$88 and issued 78,342 broker warrants (having the same terms as the Warrants) in connection with the 2017 Final Closing to brokers outside of the United States. The broker warrants were valued at C$26 using a risk-free rate of 0.75%, expected volatility of 81.27% and expected life of three years. b) Stock Options On November 9, 2017, the Company's shareholders voted to approve a new Long-Term Incentive Plan (the "Long-Term Incentive Plan") and the granting of incentive securities thereunder until November 9, 2020. Under the Long-Term Incentive Plan, the Company's Board of Directors (the "Board") may, in its discretion from time to time, grant stock options ("Options") and share units (in the form of RSUs and PSUs) to directors, employees and certain other service providers (as defined in the Long-Term Incentive Plan) of the Company and affiliated entities selected by the Board. Subject to adjustment as described in the Long-Term Incentive Plan, the aggregate number of Common Shares that may be reserved for issuance to participants under the Long-Term Incentive Plan, together with all other security-based compensation arrangements of the Company, including with respect to Options outstanding under the Company's 2016 Incentive Stock Option Plan, may not exceed 10% of the issued and outstanding Common Shares from time to time, and the Common Shares reserved for issuance upon settlement of share units shall not exceed 5% of the issued and outstanding Common Shares from time to time. The Long-Term Incentive Plan limits the maximum number of Common Shares issued to insiders (as defined under TSX rules for this purpose) within any one-year period, or issuable to insiders at any time, in the aggregate, under all security-based compensation arrangements (including the Long-Term Incentive Plan) to 10% of the then issued and outstanding Common Shares. The Long-Term Incentive Plan also limits the aggregate number of Common Shares that may be reserved for issuance to any one participant under the Long-Term Incentive Plan, together with all other security-based compensation arrangements of the Company, to 5% of the then issued and outstanding Common Shares (on a non-diluted basis). Under the Long-Term Incentive Plan, Options and share units granted to non-employee directors, together with all other equity awards, are limited to an annual equity award value of C$150 per non-employee director. The total value of Options issuable to a non-employee director in a one-year period is limited to C$100. Further, and subject to the adjustment provisions of the Long-Term Incentive Plan, the aggregate number of Common Shares actually issued or transferred by the Company upon the exercise of incentive stock options will not exceed 20,451,895 Common Shares. The Board has the exclusive power over the granting, amendment, administration or settlement of any award. Stock option transactions are summarized as follows: Number of Options Weighted Average Exercise Price Balance July 1, 2016 11,465,000 C$ 0.69 Granted 6,360,000 C$ 0.78 Exercised (150,000 ) C$ 0.62 Cancelled/expired (1,070,000 ) C$ 0.66 Balance June 30, 2017 16,605,000 C$ 0.73 Granted 3,925,000 C$ 0.47 Exercised (10,091 ) C$ 0.62 Cancelled/expired (4,932,500 ) C$ 0.77 Balance June 30, 2018 15,587,409 C$ 0.65 Granted 4,445,000 C$ 0.54 Exercised (16,203 ) C$ 0.47 Cancelled/expired (566,297 ) C$ 0.79 Balance June 30, 2019 19,449,909 C$ 0.62 The following table summarizes the information and assumptions used to determine option costs: Year ended June 30, 2019 2018 2017 Fair value per option granted during the period (C$) $ 0.21 $ 0.16 $ 0.42 Risk-free interest rate 2.02 % 1.59 % 0.75 % Expected dividend yield 0 % 0 % 0 % Expected stock price volatility (historical basis) 57.0 % 47.9 % 92.9 % Expected option life in years 3.0 3.0 2.15 The following table summarizes information about stock options outstanding at June 30, 2019: Exercise price Expiry date Number outstanding Aggregate Intrinsic Value Number exercisable Aggregate Intrinsic Value C$ 0.47 November 9, 2022 3,800,000 C$ 304 3,800,000 C$ 304 C$ 0.54 November 15, 2023 4,445,000 44 2,222,500 22 C$ 0.62 January 19, 2021 5,264,909 - 5,264,909 - C$ 0.76 March 6, 2022 5,400,000 - 5,400,000 - C$ 0.94 July 21, 2021 540,000 - 540,000 - Balance June 30, 2019 19,449,909 C$ 348 17,227,409 C$ 326 The aggregate intrinsic value in the preceding table represents the total intrinsic value, based on the Company's closing stock price of C$0.55 as of June 30, 2019, which would have been received by the option holders had all option holders exercised their options as of that date. The total number of in-the-money options vested and exercisable as of June 30, 2019, was 6,022,500. The total intrinsic value of options exercised during the year ended June 30, 2019 was C$8. As of June 30, 2019, there was $157 of unrecognized compensation cost related to unvested share-based compensation arrangements granted. The cost is expected to be recognized over a weighted average period of approximately 0.8 years. c) Warrants Warrant transactions are summarized as follows: Warrants Weighted average exercise price Balance July 1, 2016 22,733,685 C$ 0.74 Granted: Lind First Tranche Warrants 890,670 C$ 0.90 February 2017 Private Placements 7,364,789 C$ 0.85 Broker Warrants: February 2017 Private Placement 78,342 C$ 0.85 Exercised (3,447,137 ) C$ 0.65 Expired (7,011,263 ) C$ 0.79 Balance June 30, 2017 20,609,086 C$ 0.79 Granted: Lind Warrants 4,884,462 C$ 0.69 July 2017 Private Placements 2,962,500 C$ 0.79 Broker Warrants: July 2017 Private Placement 192,562 C$ 0.79 Balance June 30, 2018 28,648,610 C$ 0.77 Granted: Lind Warrants 1,035,319 C$ 0.77 September 2018 Private Placement 2,487,577 C$ 0.75 April 2019 Private Placement 1,478,580 C$ 0.72 Exercised (115,000 ) C$ 0.75 Expired (12,160,285 ) C$ 0.74 Balance June 30, 2019 21,374,801 C$ 0.78 At June 30, 2019, the Company has outstanding exercisable warrants, as follows: Number Exercise Price Expiry Date 355,132 C$ 0.54 December 6, 2020 308,901 C$ 0.62 October 31, 2020 283,413 C$ 0.66 September 28, 2020 541,435 C$ 0.69 February 7, 2021 529,344 C$ 0.70 February 5, 2021 833,330 C$ 0.72 April 29, 2020 645,250 C$ 0.72 May 9, 2020 1,546,882 C$ 0.72 January 30, 2021 1,058,872 C$ 0.72 April 5, 2021 260,483 C$ 0.73 August 15, 2020 1,458,792 C$ 0.75 September 14, 2020 1,028,785 C$ 0.75 September 28, 2020 1,035,319 C$ 0.77 July 9, 2021 3,155,062 C$ 0.79 July 26, 2021 3,860,800 C$ 0.85 February 14, 2020 3,043,024 C$ 0.85 February 21, 2020 539,307 C$ 0.85 February 28, 2020 890,670 C$ 0.90 March 31, 2020 21,374,801

Related Party Transactions and

Related Party Transactions and Balances	12 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND BALANCES	9. RELATED PARTY TRANSACTIONS AND BALANCES The Company has a loan with Mark Smith, President, Chief Executive Officer (“CEO”) and Executive Chairman of NioCorp (the “Original Smith Loan”), that bears an interest rate of 10%, is secured by the Company’s assets pursuant to a concurrently executed general security agreement (the “General Security Agreement”) and is subject to both a 2.5% establishment fee and 2.5% prepayment fee. The principal amount outstanding under the Original Smith Loan is $1,000. The Company also has a non-revolving credit facility agreement (the “Credit Agreement”) in the amount of $2,000 with Mr. Smith. The Credit Agreement bears an interest rate of 10% and drawdowns from the Credit Agreement are subject to a 2.5% establishment fee. Amounts outstanding under the Credit Agreement are secured by all of the Company’s assets pursuant to the General Security Agreement. The Credit Agreement contains financial and non-financial covenants customary for a facility of its size and nature. During the year ended June 30, 2018, Mr. Smith advanced an additional $305 to the Company under the Credit Agreement, and as of June 30, 2018, the principal amount outstanding under the Credit Agreement was $480. Accounts payable and accrued liabilities included interest payable to Mr. Smith under the Original Smith Loan and the Credit Agreement of $70. On May 31, 2019, the Company and Mr. Smith entered into amending agreements extending the maturity dates of the Original Smith Loan and the Credit Agreement to June 17, 2020 and June 16, 2020, respectively. On June 20, 2016, the Company announced a joint development agreement (the “Development Agreement”) with IBC Advanced Alloys Corp. (“IBC”) to investigate and develop applications for scandium-containing alloys for multiple downstream markets. In addition to his management duties at NioCorp, Mark Smith is also the Chairman of the IBC Board of Directors. Under the terms of the Development Agreement, each party bears its own costs incurred in development efforts. During the year ended June 30, 2018, the Company supplied IBC with a small quantity of Scandium Trioxide which was used to manufacture several aluminum-scandium alloy ingots. Development of processes to produce master alloy materials using third party labs and potential commercial products is ongoing.

Exploration Expenditures

Exploration Expenditures	12 Months Ended
	Jun. 30, 2019
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
EXPLORATION EXPENDITURES	10. EXPLORATION EXPENDITURES For the year ended June 30, 2019 2018 2017 Feasibility study and engineering $ 2,403 $ 1,105 $ 5,797 Field management and other 577 671 811 Metallurgical 164 264 2,209 Geologists and field staff - 96 110 Total $ 3,144 $ 2,136 $ 8,927

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	11. Income Taxes Domestic and foreign components of loss before income taxes for the years ended June 30, 2019, 2018 and 2017 are as follows: For the year ended June 30, 2019 2018 2017 Canada $ 3,622 $ 5,667 $ 4,897 United States 3,714 2,830 9,733 Total $ 7,336 $ 8,497 $ 14,630 On December 22, 2017, the Tax Cuts and Jobs Act (the "U.S. Tax Act") was signed into law making significant changes to the U.S. tax code, including a reduction of the U.S. federal corporate tax rate from 35 percent to 21 percent. During the year ended June 30, 2018, the Canadian statutory tax rate also increased from 26 percent to 27 percent related to provincial law changes in British Columbia. The primary impact of these changes to the Company was a reduction in the deferred tax asset related to mineral interests and net operating loss carryforwards, offset by a corresponding change to the valuation allowance. The following table is a reconciliation of income taxes at statutory rates: For the year ended June 30, 2019 2018 2017 Loss before income taxes $ 7,336 $ 8,497 $ 14,630 Combined federal and provincial statutory income tax rate 27 % 27 % 26 % Income tax benefit at statutory tax rates 1,981 2,294 3,804 Foreign rate differential (71 ) (49 ) 1,218 Warrant expense (42 ) (195 ) (66 ) Share based compensation (163 ) (350 ) (383 ) Change in estimates related to prior years 211 218 (471 ) Effect of legislative changes - (3,591 ) - Change in valuation allowance (1,821 ) 2,051 (4,028 ) Other (95 ) (378 ) (74 ) Income tax benefit $ - $ - $ - Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The significant components of deferred taxes are as follows: As of June 30, 2019 2018 Deferred tax assets Mineral interest $ 8,093 $ 7,307 Net operating losses available for future periods 6,209 5,103 Other 146 217 Total deferred tax assets 14,448 12,627 Valuation allowance (14,448 ) (12,627 ) Net deferred tax assets $ - $ - Changes in the valuation allowance are as follows: For the year 2019 2018 Valuation allowance, beginning of year $ (12,627 ) $ (14,678 ) Current year additions (1,821 ) (1,647 ) Decrease resulting from the revaluation related to changes in tax rate - 3,698 Valuation allowance, end of year $ (14,448 ) $ (12,627 ) The Company establishes a valuation allowance against future income tax assets if, based on available information, it is more likely than not that all of the assets will not be realized. The valuation allowance of $14,448 at June 30, 2019 relates mainly to net operating loss carryforwards in Canada and mineral interest due to deferred exploration expenditures in the United States, where the utilization of such attributes is not more likely than not. The Company's net deferred tax asset balance as of June 30, 2018 and the corresponding valuation allowance for the year then ended reflects a decrease of $3,698 resulting from the re-measurement of the Company's tax position due to a reduction of the U.S. federal corporate tax rate from 35 percent to 21 percent under the U.S. Tax Act. The Company had the following cumulative net operating losses for federal income tax purposes and these carryforwards will generally expire between 2026 and 2039. As a result of the U.S. Tax Act, U.S. tax losses incurred for tax years commencing in 2018 have no expiration. As of June 30, Jurisdiction 2019 2018 Canada $ 21,794 $ 18,070 United States 1,405 982 Total $ 23,199 $ 19,052 The Company had no unrecognized tax benefits as of June 30, 2019 or 2018. The Company recognizes interest accrued related to unrecognized tax benefits and penalties in its income tax provision. The Company has not recognized any interest or penalties in the fiscal years presented in these financial statements. The Company is subject to income tax in the U.S. federal jurisdiction and Canada. Certain years remain subject to examination but there are currently no ongoing exams in any taxing jurisdictions.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	12. Fair Value Measurements The Company measures the fair value of financial assets and liabilities based on U.S. GAAP guidance which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized in income. Financial instruments, including receivables, accounts payable and accrued liabilities, and related party loans are carried at amortized cost, which management believes approximates fair value due to the short-term nature of these instruments. The following table presents information about the assets and liabilities that are measured at fair value on a recurring basis as at June 30, 2019 and 2018 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical instruments. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates, and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the financial instrument, and included situations where there is little, if any, market activity for the instrument: As of June 30, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 357 $ 357 $ - $ - Available for sale securities 5 5 - - Total $ 362 $ 362 $ - $ - Liabilities: Convertible debt $ 1,012 $ - $ - $ 1,012 Derivative liability, convertible debt - - - - Total $ 1,012 $ - $ - $ 1,012 As of June 30, 2018 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 73 $ 73 $ - $ - Available for sale securities 12 12 - - Total $ 85 $ 85 $ - $ - Liabilities: Convertible debt $ 4,106 $ - $ - $ 4,106 Derivative liability, convertible debt 8 - - 8 Total $ 4,114 $ - $ - $ 4,114 The Company measures the fair market value of the Level 3 components using the Black-Scholes model and discounted cash flows, as appropriate. These models were initially prepared by a third party and take into account management's best estimate of the conversion price of the stock, an estimate of the expected time to conversion, an estimate of the stock's volatility, and the risk-free rate of return expected for an instrument with a term equal to the duration of the convertible debt. The significant unobservable valuation inputs for the Convertible Debt includes an expected return of 50%. A 15% decrease (increase) in the expected return would result in an increase (decrease) to fair value of $7, or approximately 0.6%. The derivative liability was valued using a Black-Scholes pricing model with the following inputs: 2019 2018 Risk-free interest rate 1.25 % 1.25 % Expected dividend yield 0 % 0 % Expected stock price volatility 50.27 % 73.97 % Expected option life in years 0.25 0.25 The following table sets forth a reconciliation of changes in the fair value of the Company's convertible debt components classified as Level 3 in the fair value hierarchy: As of June 30, 2019 2018 Beginning balance $ 4,114 $ 3,547 Convertible securities closings 1,000 4,500 Conversions to equity (4,582 ) (5,130 ) Realized and unrealized losses 480 1,197 Ending balance $ 1,012 $ 4,114

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	13. COMMITMENTS AND CONTINGENCIES NioCorp has the following land, office, facility and equipment lease commitments in place as of June 30, 2019: Payments due by period Total Less than 1 year 1-3 4-5 After 5 Debt $ 3,526 $ 2,626 $ 900 $ - $ - Operating leases 52 52 - - - Total contractual obligations $ 3,578 $ 2,678 $ 900 $ - $ -

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENT	14. SUBSEQUENT EVENTS On August 16, 2019 the Company completed a drawdown from the Smith Credit Agreement in the amount of $125. The Company expects that the funds will be used for general corporate purposes. Following the drawdown, the remaining availability under the Smith Credit Agreement is $1,395. The $125 draw is subject to the interest, establishment fee, covenants, events of default and other terms of the Smith Credit Agreement.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Exploration Stage Enterprise	a) Exploration Stage Enterprise The Company is in the exploration stage of operation and devotes substantially all of its efforts to acquiring and exploring mining interests that management believes should eventually provide sufficient net profits to sustain the Company’s existence. Until such interests are engaged in commercial production, the Company will continue to seek additional funding to support the completion of its exploration and development activities. The Company’s activities are subject to significant risks and uncertainties, including its ability to secure sufficient funding to continue operations, to obtain proven and probable reserves, to comply with industry regulations and obtain permits necessary for development of the Elk Creek Project, as well as environmental risks and market conditions.
Cash and Cash Equivalents	b) Cash and Cash Equivalents Cash and cash equivalents includes cash on hand, cash in banks, investments in certificates of deposit with original maturities of 90 days or less, and money market funds.
Foreign Currency Translation	c) Foreign Currency Translation Functional and reporting currency Items included in the financial statements of each of the Company's entities are measured using the currency of the primary economic environment in which the entity operates ("the functional currency"). The functional currency of the Company is the Canadian dollar and the functional currency for Elk Creek Resources Corp., a wholly-owned subsidiary, is the U.S. dollar. The reporting currency for these consolidated financial statements is U.S. dollars. Transactions in foreign currency Transactions made in a currency other than the functional currency are remeasured to the functional currency at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are remeasured to the functional currency at the exchange rate at that date and non-monetary assets and liabilities are remeasured at historical rates. Foreign currency translation gains and losses are included in profit or loss. Translation to reporting currency The results and financial position of entities that have a functional currency different from the reporting currency are translated into the reporting currency as follows: ● Assets and liabilities for each statement of financial position presented are translated at the closing rate at the end of the reporting date. ● Income and expenses for each statement of income are translated at average exchange rates, unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the rate on the dates of the transactions. ● All resulting exchange differences are recognized in other comprehensive income.
Available for Sale Securities	d) Available for Sale Securities Available for sale securities are recorded at fair value through the statement of operations pursuant to the fair value option permitted by ASC 825, Financial Instruments.
Mineral Properties	e) Mineral Properties Mineral property acquisition costs, including indirectly related acquisition costs, are capitalized when incurred. Acquisition costs include cash consideration and the fair market value of common shares issued as consideration. Properties acquired under option agreements, whereby payments are made at the sole discretion of the Company, are capitalized as mineral property acquisition costs at such time as the payments are made. Exploration costs are expensed as incurred. When it is determined that a mining deposit can be economically and legally extracted or produced based on established proven and probable reserves under SEC Industry Guide 7, development costs related to such reserves and incurred after such determination will be considered for capitalization. The establishment of proven and probable reserves is based on results of feasibility studies, which indicate whether a property is economically feasible. Upon commencement of commercial production, capitalized costs will be amortized over their estimated useful lives or units of production, whichever is a more reliable measure. Capitalized amounts relating to a property that is abandoned or otherwise considered uneconomic for the foreseeable future are written off. The recoverability of the carrying values of mineral properties is dependent upon economic reserves being discovered or developed on the properties, permitting, financing, start-up, and commercial production from, or the sale/lease of, or other strategic transactions related to these properties. Development and/or start-up of a project will depend on, among other things, management’s ability to raise sufficient capital for these purposes. We assess the carrying cost of our mineral properties for impairment whenever information or circumstances indicate the potential for impairment. This would include events and circumstances such as our inability to obtain all the necessary permits, changes in the legal status of our mineral properties, government actions, the results of exploration activities and technical evaluations and changes in economic conditions, including the price of commodities or input prices. Such evaluations compare estimated future net cash flows with our carrying costs and future obligations on an undiscounted basis. If it is determined that the estimated future undiscounted cash flows are less than the carrying value of the property, an impairment loss will be recorded. Where estimates of future net cash flows are not determinable and where other conditions indicate the potential for impairment, management uses available market information and/or third-party valuation experts to assess if the carrying value can be recovered and to estimate fair value.
Long Lived Assets	f) Long Lived Assets Long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. For purposes of evaluating the recoverability of long-lived assets, the recoverability test is performed using undiscounted net cash flows related to the long-lived assets. If such assets are considered to be impaired, the impairment recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.
Financial Instruments	g) Financial Instruments The Company’s financial instruments consist of cash, receivables, available for sale securities, accounts payable and accrued liabilities, convertible debt and the related party loan. It is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from its financial instruments. The fair values of these instruments approximate their carrying value unless otherwise noted.
Concentration of Credit Risk	h) Concentration of Credit Risk The financial instrument which potentially subjects the Company to credit risk is cash and cash equivalents, The Company holds invests or maintains available cash primarily in two commercial banks located in Vancouver, British Columbia and Santa Clara, California. As part of its cash management process, the Company regularly monitors the relative credit standing of these institutions.
Asset Retirement Obligation	i) Asset Retirement Obligation The Company is subject to various government laws and regulations relating to environmental disturbances caused by exploration and evaluation activities. The estimated costs associated with environmental remediation obligations are accrued in the period in which the liability is incurred if it is reasonably estimable or known. Until such time that a project life is established, the Company records the corresponding cost as an exploration stage expense and has accrued $83 related to estimated obligations as of June 30, 2019 (2018 - $83). Future reclamation and environmental-related expenditures are difficult to estimate in many circumstances due to the early stage nature of the Elk Creek Project, the uncertainties associated with defining the nature and extent of environmental disturbance, the application of laws and regulations by regulatory authorities and changes in reclamation or remediation technology. The Company periodically reviews accrued liabilities for such reclamation and remediation costs as evidence indicating that the liabilities have potentially changed becomes available. Changes in estimates are reflected in the consolidated statement of operations in the period an estimate is revised.
Income Taxes	j) Income Taxes Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25, “Income Taxes – Recognition.”
Basic and Diluted Per Share Disclosure	k) Basic and Diluted Per Share Disclosure Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. In computing diluted earnings per share, the weighted average number of shares outstanding is adjusted to reflect the effect of potentially dilutive securities. Potentially dilutive shares, such as stock options and warrants, are excluded from the calculation when their inclusion would be anti-dilutive, such as when the exercise price of the instrument exceeds the fair market value of the Company’s common stock and when a net loss is reported. The dilutive effect of convertible debt securities is reflected in the diluted earnings (loss) per share calculation using the if-converted method. Conversion of the debt securities is not assumed for purposes of calculating diluted earnings (loss) per share if the effect is anti-dilutive.
Stock Based Compensation	l) Stock Based Compensation The Company grants stock options to directors, officers, and employees. Option terms and vesting conditions are at the discretion of the Board of Directors. The option exercise price is equal to the closing market price on the Toronto Stock Exchange on the Toronto Stock Exchange on the day preceding the date of grant. The Company estimates the fair value of stock options using the Black-Scholes option pricing model. The Company recognizes forfeitures as they occur.
Recent Accounting Standards	m) Recent Accounting Standards Issued and Not Effective From time to time, new accounting pronouncements are issued by the FASB that are adopted by the Company as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards did not or will not have a material impact on the Company’s consolidated financial statements upon adoption. In June 2018, the FASB issued Accounting Standards Update (“ASU”) 2018-07 “Compensation - Stock compensation - Improvements to Nonemployee Share-Based Payment Accounting”. This update aims to simplify the accounting for share-based payments awarded to non-employees for goods or services acquired. The update specifies that the measurement date is the grant date and that awards are required to be measured at fair value. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In February 2016, ASU 2016-02 was issued related to leases, which was further amended in September 2017 by ASU 2017-13, in January 2018 by ASU 2018-01, in July 2018 by ASU 2018-10 and 2018-11, and in March 2019 by ASU 2019-01. The new guidance modifies the classification criteria and requires lessees to recognize the assets and liabilities arising from most leases on the balance sheet. The new guidance is effective for fiscal years beginning after December 15, 2018, and the Company will adopt the guidance effective with our fiscal year beginning July 1, 2019. Adoption of this guidance will have an immaterial impact on the Company’s consolidated financial statements and disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Basis of Preparation (Tables)

Basis of Preparation (Tables)	12 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of intercompany transactions and balances	Country of Ownership at June 30, incorporation 2019 2018 0896800 BC Ltd. Canada 100 % 100 % Elk Creek Resources Corp. USA 100 % 100 %

Convertible Debt (Tables)

Convertible Debt (Tables)	12 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of convertible debt	As of June 30, 2019 2018 Current Portion: Convertible notes $ 800 $ 756 Noncurrent Portion: Convertible security $ 1,102 $ 4,106
Schedule of changes in the notes balance	Convertible Notes Balance, July 1, 2017 $ 592 Accreted interest, net of interest paid 164 Balance, June 30, 2018 756 Accreted interest, net of interest paid 44 Balance, June 30, 2019 $ 800
Schedule of derivative liability related to the conversion feature	Derivative Liability Balance, July 1, 2017 $ 82 Change in fair value of derivative liability (74 ) Balance, June 30, 2018 8 Change in fair value of derivative liability (8 ) Balance, June 30, 2019 $ -
Schedule of change in convertible security balance	Convertible Security Balance, July 1, 2017 $ 3,465 Additional debt drawdowns 4,500 Conversions, at fair value (5,130 ) Change in fair market value 1,271 Balance, June 30, 2018 4,106 Additional debt drawdowns 1,000 Conversions, at fair value (4,582 ) Change in fair market value 488 Balance, June 30, 2019 $ 1,012
Schedule of additions to convertible notes	Black Scholes Pricing Model Inputs Funding Date Face Value 1 Warrants Issued 2 Issue Price 3 Warrant Expiry Date Risk-free Rate Yield Volatility Expected Life July 9, 2018 $ 1,200 1,035,319 C$ 0.77 July 9, 2021 2.0 % 0 % 58.3 % 3 years 1 Includes implied interest. 2 The value of Warrants issued totaled $156, which was expensed to Change in Financial Instrument Fair Value. 3 The price to convert one Warrant into one common share of the Company (“Common Share”). Black Scholes Pricing Model Inputs Funding Date Funded Value Face Value 1 Warrants Issued 2 Warrant Valuation 3 Warrant Issue Price 4 Risk-free Rate Yield Volatility Expected Life August 15, 2017 $ 250 $ 300 260,483 $ 33 C$ 0.73 1.23 % 0 % 49.6 % 3 years September 28, 2017 250 300 283,413 32 C$ 0.66 1.23 % 0 % 47.7 % 3 years October 31, 2017 250 300 308,901 31 C$ 0.62 1.59 % 0 % 47.0 % 3 years December 6, 2017 250 300 355,132 31 C$ 0.54 1.59 % 0 % 48.9 % 3 years subtotal 1,000 1,200 1,207,929 127 January 30, 2018 1,500 1,800 1,546,882 261 C$ 0.72 1.78 % 0 % 56.5 % 3 years February 5, 2018 500 600 529,344 85 C$ 0.70 1.78 % 0 % 56.6 % 3 years February 7, 2018 500 600 541,435 79 C$ 0.69 1.78 % 0 % 56.7 % 3 years subtotal 2,500 3,000 2,617,661 425 April 5, 2018 1,000 1,200 1,058,872 172 C$ 0.72 1.85 % 0 % 57.9 % 3 years 2018 total funding $ 4,500 $ 5,400 4,884,462 $ 724 July 9, 2018 $ 1,000 $ 1,200 1,035,319 $ 156 C$ 0.77 2.0 % 0 % 58.3 % 3 years 2019 total funding $ 1,000 $ 1,200 1,035,319 $ 156 1 Includes implied interest. Each funding has a term of two years from the funding date. 2 Warrants expire three years from issuance date. 3 Based on Black Scholes pricing model inputs. The value of warrants issued is expensed to Change in Financial Instrument Fair Value. 4 The price to convert one warrant into one Common Share.

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of stock option	Stock option transactions are summarized as follows: Number of Options Weighted Average Exercise Price Balance July 1, 2016 11,465,000 C$ 0.69 Granted 6,360,000 C$ 0.78 Exercised (150,000 ) C$ 0.62 Cancelled/expired (1,070,000 ) C$ 0.66 Balance June 30, 2017 16,605,000 C$ 0.73 Granted 3,925,000 C$ 0.47 Exercised (10,091 ) C$ 0.62 Cancelled/expired (4,932,500 ) C$ 0.77 Balance June 30, 2018 15,587,409 C$ 0.65 Granted 4,445,000 C$ 0.54 Exercised (16,203 ) C$ 0.47 Cancelled/expired (566,297 ) C$ 0.79 Balance June 30, 2019 19,449,909 C$ 0.62
Schedule of information and assumptions used to determine option costs	The following table summarizes the information and assumptions used to determine option costs: Year ended June 30, 2019 2018 2017 Fair value per option granted during the period (C$) $ 0.21 $ 0.16 $ 0.42 Risk-free interest rate 2.02 % 1.59 % 0.75 % Expected dividend yield 0 % 0 % 0 % Expected stock price volatility (historical basis) 57.0 % 47.9 % 92.9 % Expected option life in years 3.0 3.0 2.15
Schedule of information about stock options outstanding	The following table summarizes information about stock options outstanding at June 30, 2019: Exercise price Expiry date Number outstanding Aggregate Intrinsic Value Number exercisable Aggregate Intrinsic Value C$ 0.47 November 9, 2022 3,800,000 C$ 304 3,800,000 C$ 304 C$ 0.54 November 15, 2023 4,445,000 44 2,222,500 22 C$ 0.62 January 19, 2021 5,264,909 - 5,264,909 - C$ 0.76 March 6, 2022 5,400,000 - 5,400,000 - C$ 0.94 July 21, 2021 540,000 - 540,000 - Balance June 30, 2019 19,449,909 C$ 348 17,227,409 C$ 326
Schedule of warrant transactions	Warrant transactions are summarized as follows: Warrants Weighted average exercise price Balance July 1, 2016 22,733,685 C$ 0.74 Granted: Lind First Tranche Warrants 890,670 C$ 0.90 February 2017 Private Placements 7,364,789 C$ 0.85 Broker Warrants: February 2017 Private Placement 78,342 C$ 0.85 Exercised (3,447,137 ) C$ 0.65 Expired (7,011,263 ) C$ 0.79 Balance June 30, 2017 20,609,086 C$ 0.79 Granted: Lind Warrants 4,884,462 C$ 0.69 July 2017 Private Placements 2,962,500 C$ 0.79 Broker Warrants: July 2017 Private Placement 192,562 C$ 0.79 Balance June 30, 2018 28,648,610 C$ 0.77 Granted: Lind Warrants 1,035,319 C$ 0.77 September 2018 Private Placement 2,487,577 C$ 0.75 April 2019 Private Placement 1,478,580 C$ 0.72 Exercised (115,000 ) C$ 0.75 Expired (12,160,285 ) C$ 0.74 Balance June 30, 2019 21,374,801 C$ 0.78
Schedule of outstanding exercisable warrants	At June 30, 2019, the Company has outstanding exercisable warrants, as follows: Number Exercise Price Expiry Date 355,132 C$ 0.54 December 6, 2020 308,901 C$ 0.62 October 31, 2020 283,413 C$ 0.66 September 28, 2020 541,435 C$ 0.69 February 7, 2021 529,344 C$ 0.70 February 5, 2021 833,330 C$ 0.72 April 29, 2020 645,250 C$ 0.72 May 9, 2020 1,546,882 C$ 0.72 January 30, 2021 1,058,872 C$ 0.72 April 5, 2021 260,483 C$ 0.73 August 15, 2020 1,458,792 C$ 0.75 September 14, 2020 1,028,785 C$ 0.75 September 28, 2020 1,035,319 C$ 0.77 July 9, 2021 3,155,062 C$ 0.79 July 26, 2021 3,860,800 C$ 0.85 February 14, 2020 3,043,024 C$ 0.85 February 21, 2020 539,307 C$ 0.85 February 28, 2020 890,670 C$ 0.90 March 31, 2020 21,374,801

Exploration Expenditures (Table

Exploration Expenditures (Tables)	12 Months Ended
	Jun. 30, 2019
Oil and Gas Exploration and Production Industries Disclosures [Abstract]
Schedule of exploration expenditures	For the year ended June 30, 2019 2018 2017 Feasibility study and engineering $ 2,403 $ 1,105 $ 5,797 Field management and other 577 671 811 Metallurgical 164 264 2,209 Geologists and field staff - 96 110 Total $ 3,144 $ 2,136 $ 8,927

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of domestic and foreign components of loss before income taxes	For the year ended June 30, 2019 2018 2017 Canada $ 3,622 $ 5,667 $ 4,897 United States 3,714 2,830 9,733 Total $ 7,336 $ 8,497 $ 14,630
Schedule of reconciliation of income taxes at statutory rate	For the year ended June 30, 2019 2018 2017 Loss before income taxes $ 7,336 $ 8,497 $ 14,630 Combined federal and provincial statutory income tax rate 27 % 27 % 26 % Income tax benefit at statutory tax rates 1,981 2,294 3,804 Foreign rate differential (71 ) (49 ) 1,218 Warrant expense (42 ) (195 ) (66 ) Share based compensation (163 ) (350 ) (383 ) Change in estimates related to prior years 211 218 (471 ) Effect of legislative changes - (3,591 ) - Change in valuation allowance (1,821 ) 2,051 (4,028 ) Other (95 ) (378 ) (74 ) Income tax benefit $ - $ - $ -
Schedule of components of the deferred taxes	As of June 30, 2019 2018 Deferred tax assets Mineral interest $ 8,093 $ 7,307 Net operating losses available for future periods 6,209 5,103 Other 146 217 Total deferred tax assets 14,448 12,627 Valuation allowance (14,448 ) (12,627 ) Net deferred tax assets $ - $ -
Schedule of changes in the valuation allowance	For the year ended June 30, 2019 2018 Valuation allowance, beginning of year $ (12,627 ) $ (14,678 ) Current year additions (1,821 ) (1,647 ) Decrease resulting from the revaluation related to changes in tax rate - 3,698 Valuation allowance, end of year $ (14,448 ) $ (12,627 )
Schedule of operating loss carryforwards	As of June 30, Jurisdiction 2019 2018 Canada $ 21,794 $ 18,070 United States 1,405 982 Total $ 23,199 $ 19,052

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of fair values determined by Level 3 inputs are unobservable data	As of June 30, 2019 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 357 $ 357 $ - $ - Available for sale securities 5 5 - - Total $ 362 $ 362 $ - $ - Liabilities: Convertible debt $ 1,012 $ - $ - $ 1,012 Derivative liability, convertible debt - - - - Total $ 1,012 $ - $ - $ 1,012 As of June 30, 2018 Total Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 73 $ 73 $ - $ - Available for sale securities 12 12 - - Total $ 85 $ 85 $ - $ - Liabilities: Convertible debt $ 4,106 $ - $ - $ 4,106 Derivative liability, convertible debt 8 - - 8 Total $ 4,114 $ - $ - $ 4,114
Schedule of derivative liability	2019 2018 Risk-free interest rate 1.25 % 1.25 % Expected dividend yield 0 % 0 % Expected stock price volatility 50.27 % 73.97 % Expected option life in years 0.25 0.25
Schedule of reconciliation of changes in the fair value	As of June 30, 2019 2018 Beginning balance $ 4,114 $ 3,547 Convertible securities closings 1,000 4,500 Conversions to equity (4,582 ) (5,130 ) Realized and unrealized losses 480 1,197 Ending balance $ 1,012 $ 4,114

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of lease commitments	Payments due by period Total Less than 1 year 1-3 4-5 After 5 Debt $ 3,526 $ 2,626 $ 900 $ - $ - Operating leases 52 52 - - - Total contractual obligations $ 3,578 $ 2,678 $ 900 $ - $ -

Description of Business (Detail

Description of Business (Details)	12 Months Ended
	Jun. 30, 2019segment
Description of Business (Textual)
Number of reportable segments	1

Basis of Preparation (Details)

Basis of Preparation (Details)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
0896800 BC Ltd. [Member]
Percentage of ownership	100.00%	100.00%
Elk Creek Resources Corp. [Member]
Percentage of ownership	100.00%	100.00%
0896800 BC Ltd. [Member]
Country of incorporation	Canada	Canada
Elk Creek Resources Corp. [Member]
Country of incorporation	USA	USA

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Significant Accounting Policies (Textual)
Accrued exploration stage expense	$ 83	$ 83

Going Concern Issues (Details)

Going Concern Issues (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Going Concern Issues (Textual)
Net loss	$ 7,336	$ 8,497	$ 14,630
Working capital deficit	4,793
Accumulated deficit	$ (90,685)	$ (83,349)

Other Current Assets (Details)

Other Current Assets (Details) $ in Thousands	Jun. 30, 2019USD ($)
Other Current Assets (Textual)
Deferred costs	$ 714

Mineral Interests (Details)

Mineral Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2011
Share Exchange Agreement [Member] | CAD [Member]
Mineral Interests (Textual)
Total consideration		$ 13,246
Deferred tax		$ 4,736
Share Exchange Agreement [Member] | 0896800 BC Ltd. [Member]
Mineral Interests (Textual)
Number of shares issued upon finder's fees		1,034,348
Share Exchange Agreement [Member] | 0896800 BC Ltd. [Member] | Elk Creek Resources Corp. [Member]
Mineral Interests (Textual)
Number of shares issued upon acquisition		18,990,539
Lease Agreement [Member] | Elk Creek Resources Corp. [Member]
Mineral Interests (Textual)
Lease term		5 years
Lease Agreement [Member] | Elk Creek Resources Corp. [Member] | Minimum [Member]
Mineral Interests (Textual)
Expire date		Dec. 31, 2019
Lease Agreement [Member] | Elk Creek Resources Corp. [Member] | Maximum [Member]
Mineral Interests (Textual)
Expire date		Sep. 30, 2021
Landholder Agreement [Member] | Elk Creek Resources Corp. [Member]
Mineral Interests (Textual)
Percentage of NSR retain	2.00%
Percentage of interest aquired	100.00%

Convertible Debt (Details)

Convertible Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Debt Disclosure [Abstract]
Current Portion: Convertible notes	$ 800	$ 756	$ 592
Noncurrent Portion: Convertible security	$ 1,012	$ 4,106

Convertible Debt (Details 1)

Convertible Debt (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Debt Disclosure [Abstract]
Balance at beginning	$ 756	$ 592
Accreted interest, net of interest paid	44	164
Balance at ending	$ 800	$ 756

Convertible Debt (Details 2)

Convertible Debt (Details 2) - Derivative Liability [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Short-term Debt [Line Items]
Balance at beginning	$ 8	$ 82
Change in fair value of derivative liability	(8)	(74)
Balance at ending		$ 8

Convertible Debt (Details 3)

Convertible Debt (Details 3) - Convertible Security [Member] - Lind Partners Convertible Security Funding [Member] - USD ($) $ in Thousands	Jul. 09, 2018	Jun. 27, 2018	Aug. 10, 2017	Mar. 27, 2018	Jan. 23, 2018	Jun. 30, 2019	Jun. 30, 2018
Short-term Debt [Line Items]
Balance at beginning						$ 4,106	$ 3,465
Additional debt drawdowns	$ 1,000	$ 1,000	$ 1,000	$ 1,000	$ 2,500	1,000	4,500
Conversions, at fair value						(4,582)	(5,130)
Change in fair market value						488	1,271
Balance at ending						$ 1,012	$ 4,106

Convertible Debt (Details 4)

Convertible Debt (Details 4) $ in Thousands		1 Months Ended	12 Months Ended
		Feb. 28, 2017	Jun. 30, 2019USD ($)shares	Jun. 30, 2018$ / shares	Jun. 30, 2019$ / shares	Jun. 30, 2017$ / shares	Jun. 30, 2016$ / shares
CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares				$ 0.77	$ 0.78	$ 0.79	$ 0.74
Expected option life in years [Member]
Fair value assumption of expected option life			2 months 30 days	2 months 30 days
Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member]
Funded Value			$ 1,000
Face Value	[1]		$ 1,200
Warrants issued | shares	[2]		1,207,929
Warrant valuation	[3]		$ 127
Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member]
Funded Value			2,500
Face Value	[1]		$ 3,000
Warrants issued | shares	[2]		2,617,661
Warrant valuation	[3]		$ 425
Tranche Three [Member] | Lind Partners Asset Management IV, LLC [Member]
Funded Value			4,500
Face Value	[1]		$ 5,400
Warrants issued | shares	[2]		4,884,462
Warrant valuation	[3]		$ 724
Tranche Four [Member] | Lind Partners Asset Management IV, LLC [Member]
Funded Value			1,000
Face Value	[1]		$ 1,200
Warrants issued | shares	[2]		1,035,319
Warrant valuation	[3]		$ 156
Warrant 2 [Member]
Fair value assumption of expected option life		3 years
Warrant 2 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Aug. 15, 2017
Funded Value			$ 250
Face Value	[1]		$ 300
Warrants issued | shares	[2]		260,483
Warrant valuation	[3]		$ 33
Warrant 2 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.73
Warrant 2 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.23%
Warrant 2 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Warrant 2 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			49.60%
Warrant 2 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected option life in years [Member]
Fair value assumption of expected option life			3 years
Warrant 2 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Feb. 5, 2018
Funded Value			$ 500
Face Value	[1]		$ 600
Warrants issued | shares	[2]		529,344
Warrant valuation	[3]		$ 85
Warrant 2 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.70
Warrant 2 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.78%
Fair value assumption of expected option life			3 years
Warrant 2 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Warrant 2 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			56.60%
Warrant 3 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Sep. 28, 2017
Funded Value			$ 250
Face Value	[1]		$ 300
Warrants issued | shares	[2]		283,413
Warrant valuation	[3]		$ 32
Warrant 3 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.66
Warrant 3 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.23%
Warrant 3 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Warrant 3 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			47.70%
Warrant 3 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected option life in years [Member]
Fair value assumption of expected option life			3 years
Warrant 3 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Feb. 7, 2018
Funded Value			$ 500
Face Value	[1]		$ 600
Warrants issued | shares	[2]		541,435
Warrant valuation	[3]		$ 79
Warrant 3 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.69
Warrant 3 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.78%
Warrant 3 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Warrant 3 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			56.70%
Warrant 3 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected option life in years [Member]
Fair value assumption of expected option life			3 years
Warrant 4 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Oct. 31, 2017
Funded Value			$ 250
Face Value	[1]		$ 300
Warrants issued | shares	[2]		308,901
Warrant valuation	[3]		$ 31
Warrant 4 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.62
Warrant 4 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.59%
Warrant 4 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Warrant 4 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			47.00%
Warrant 4 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected option life in years [Member]
Fair value assumption of expected option life			3 years
Warrant 5 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Dec. 6, 2017
Funded Value			$ 250
Face Value	[1]		$ 300
Warrants issued | shares	[2]		355,132
Warrant valuation	[3]		$ 31
Warrant 5 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.54
Warrant 5 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.59%
Warrant 5 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Warrant 5 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			48.90%
Warrant 5 [Member] | Tranche One [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected option life in years [Member]
Fair value assumption of expected option life			3 years
Warrant 1 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Jan. 30, 2018
Funded Value			$ 1,500
Face Value	[1]		$ 1,800
Warrants issued | shares	[2]		1,546,882
Warrant valuation	[3]		$ 261
Warrant 1 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.72
Warrant 1 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.78%
Warrant 1 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Warrant 1 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			56.50%
Warrant 1 [Member] | Tranche Second [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected option life in years [Member]
Fair value assumption of expected option life			3 years
Warrant 1 [Member] | Tranche Three [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Apr. 5, 2018
Funded Value			$ 1,000
Face Value	[1]		$ 1,200
Warrants issued | shares	[2]		1,058,872
Warrant valuation	[3]		$ 172
Warrant 1 [Member] | Tranche Three [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.72
Warrant 1 [Member] | Tranche Three [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			1.85%
Warrant 1 [Member] | Tranche Three [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Fair value assumption of expected option life			3 years
Warrant 1 [Member] | Tranche Three [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			57.90%
Warrant 1 [Member] | Tranche Four [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Jul. 9, 2018
Funded Value			$ 1,000
Face Value	[1]		$ 1,200
Warrants issued | shares	[2]		1,035,319
Warrant valuation	[3]		$ 156
Warrant 1 [Member] | Tranche Four [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[4]				0.77
Warrant 1 [Member] | Tranche Four [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			2.00%
Warrant 1 [Member] | Tranche Four [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Fair value assumption of expected option life			3 years
Warrant 1 [Member] | Tranche Four [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			58.30%
Warrant 1 [Member] | Tranche Five [Member] | Lind Partners Asset Management IV, LLC [Member]
Funding Date			Jul. 9, 2018
Face Value	[5]		$ 1,200
Warrants issued | shares	[6]		1,035,319
Warrant expiry date			Jul. 9, 2021
Warrant 1 [Member] | Tranche Five [Member] | Lind Partners Asset Management IV, LLC [Member] | CAD [Member]
Warrant exercise price (in dollars per share) | $ / shares	[7]				$ 0.77
Warrant 1 [Member] | Tranche Five [Member] | Lind Partners Asset Management IV, LLC [Member] | Risk-free interest rate [Member]
Fair value measurements			2.00%
Warrant 1 [Member] | Tranche Five [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected dividend yield [Member]
Fair value measurements			0.00%
Fair value assumption of expected option life			3 years
Warrant 1 [Member] | Tranche Five [Member] | Lind Partners Asset Management IV, LLC [Member] | Expected stock price volatility [Member]
Fair value measurements			58.30%
[1]	Includes implied interest. Each funding has a term of two years from the funding date.
[2]	Warrants expire Three years from issuance date.
[3]	Based on Black Scholes pricing model inputs. The value of warrants issued is expensed to Change in Financial Instrument Fair Value.
[4]	The price to convert one warrant into one Common Share.
[5]	Includes implied interest.
[6]	The value of Warrants issued totaled $156, which was expensed to Change in Financial Instrument Fair Value.
[7]	The price to convert one Warrant into one common share of the Company ("Common Share").

Convertible Debt (Details Textu

Convertible Debt (Details Textual) $ / shares in Units, $ in Thousands

Jul. 09, 2018USD ($)

Jun. 27, 2018USD ($)

Mar. 27, 2018USD ($)

Aug. 10, 2017USD ($)

Mar. 31, 2017USD ($)

Dec. 22, 2015USD ($)shares

Mar. 27, 2018USD ($)

Jan. 23, 2018USD ($)

Feb. 14, 2017USD ($)

Oct. 31, 2015USD ($)$ / shares

Jun. 30, 2019USD ($)shares

Jun. 30, 2018USD ($)

Jun. 30, 2019$ / shares

Jun. 30, 2018$ / sharesshares

Jun. 30, 2017$ / sharesshares

Jun. 30, 2016$ / sharesshares

Dec. 22, 2015$ / shares

Convertible Debt (Textual)

Number of common shares purchased | shares

21,374,801

28,648,610

20,609,086

22,733,685

Expected dividend yield [Member]

Convertible Debt (Textual)

Fair value measurements

0.00%

0.00%

Risk-free interest rate [Member]

Convertible Debt (Textual)

Fair value measurements

1.25%

1.25%

Expected stock price volatility [Member]

Convertible Debt (Textual)

Fair value measurements

50.27%

73.97%

Lind Partners Asset Management IV, LLC [Member] | Tranche One [Member]

Convertible Debt (Textual)

Number of common stock purchased | shares

[1]

1,207,929

Value of Warrants issued

[2]

$ 127

Lind Partners Asset Management IV, LLC [Member] | Second Tranche [Member]

Convertible Debt (Textual)

Number of common stock purchased | shares

[1]

2,617,661

Value of Warrants issued

[2]

$ 425

Lind Partners Asset Management IV, LLC [Member] | Warrant [Member] | Tranche One [Member]

Convertible Debt (Textual)

Number of common stock purchased | shares

890,670

Change in financial instrument fair value

$ 620

Lind Partners Asset Management IV, LLC [Member] | Warrant [Member] | Tranche One [Member] | Expected dividend yield [Member]

Convertible Debt (Textual)

Fair value measurements

0.00%

Lind Partners Asset Management IV, LLC [Member] | Warrant [Member] | Tranche One [Member] | Risk-free interest rate [Member]

Convertible Debt (Textual)

Fair value measurements

1.30%

Lind Partners Asset Management IV, LLC [Member] | Warrant [Member] | Tranche One [Member] | Expected stock price volatility [Member]

Convertible Debt (Textual)

Fair value measurements

86.58%

Fair value assumption of expected option life

3 years

CAD [Member]

Convertible Debt (Textual)

Exercise price (in dollars per share) | $ / shares

$ 0.78

$ 0.77

$ 0.79

$ 0.74

Convertible Debt [Member] | Non-Brokered Private Placement [Member]

Convertible Debt (Textual)

Interest rate

8.00%

Debt term

3 years

Description of payment

Payable quarterly in arrears.

Transaction cost

$ 47

Principal amount

$ 800

Convertible Debt [Member] | Non-Brokered Private Placement [Member] | CAD [Member]

Convertible Debt (Textual)

Conversion price (in dollars per share) | $ / shares

$ 0.97

Secured Convertible Security [Member]

Convertible Debt (Textual)

Description of convertible security

The Lind Agreement contains financial and non-financial covenants customary for a facility of this size and nature, and includes a financial covenant defining an event of default as all present and future liabilities of the Company or any of its subsidiaries, exclusive of related party loans, for an amount or amounts exceeding $2,000, and which have not been satisfied on time or within 90 days of invoice or have become prematurely payable as a result of its default or breach.

Transaction cost

$ 214

Percentage of closing fees

0.03

Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member]

Convertible Debt (Textual)

Transaction cost

$ 135

Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member] | Definitive Convertible Security Funding Agreement [Member]

Convertible Debt (Textual)

Description of conversion price

The Convertible Security is convertible into common shares of the Company at a conversion price equal to 85% of the volume weighted average trading price of the common shares (in Canadian dollars) for the five consecutive trading days immediately prior to the date on which the Investor provides the Company with notice of its intention to convert an amount of the Convertible Security from time to time.

Interest rate

10.00%

Debt term

2 years

Principal amount

$ 4,500

Initial face value

$ 5,400

Description of interest rate

Yield of the Convertible Security (if held, unconverted, to maturity) was 10% per annum, or $900.

Additional funding

$ 1,000

Secured Convertible Security [Member] | Lind Asset Management IV, LLC [Member] | Definitive Convertible Security Funding Agreement [Member] | Warrants [Member]

Convertible Debt (Textual)

Debt term

3 years

Number of common shares purchased | shares

3,125,000

Secured Convertible Security [Member] | Lind Partners Asset Management IV, LLC [Member]

Convertible Debt (Textual)

Additional debt drawdown

$ 1,000

$ 1,000

$ 1,000

$ 1,000

$ 2,500

1,000

$ 4,500

Transaction cost

1,200

Debt instrument interest amount

$ 1,000

Value of Warrants issued

$ 156

Secured Convertible Security [Member] | Lind Partners Asset Management IV, LLC [Member] | Tranche One [Member]

Convertible Debt (Textual)

Additional debt drawdown

$ 1,200

1,000

$ 1,200

$ 1,000

2,500

$ 1,000

Debt instrument interest amount

$ 200

Increase in convertible debt

$ 3,000

1,200

Secured Convertible Security [Member] | Lind Partners Asset Management IV, LLC [Member] | Second Tranche [Member]

Convertible Debt (Textual)

Additional debt drawdown

$ 1,000

1,000

$ 6,000

Debt instrument interest amount

$ 200

Secured Convertible Security [Member] | CAD [Member] | Lind Asset Management IV, LLC [Member] | Definitive Convertible Security Funding Agreement [Member] | Warrants [Member]

Convertible Debt (Textual)

Exercise price (in dollars per share) | $ / shares

$ 0.72

[1]

Warrants expire Three years from issuance date.

[2]

Based on Black Scholes pricing model inputs. The value of warrants issued is expensed to Change in Financial Instrument Fair Value.

Common Stock (Details)

Common Stock (Details) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Number of Options
Balance at beginning	15,587,409	16,605,000	11,465,000
Granted	4,445,000	3,925,000	6,360,000
Exercised	(16,203)	(10,091)	(150,000)
Cancelled/expired	(566,297)	(4,932,500)	(1,070,000)
Balance at end	19,449,909	15,587,409	16,605,000
CAD [Member]
Weighted Average Exercise Price
Balance at beginning	$ 0.65	$ 0.73	$ 0.69
Granted	0.54	0.47	0.78
Exercised	0.47	0.62	0.62
Cancelled/expired	0.79	0.77	0.66
Balance at end	$ 0.62	$ 0.65	$ 0.73

Common Stock (Details 1)

Common Stock (Details 1) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Risk-free interest rate	2.02%	1.59%	0.75%
Expected dividend yield	0.00%	0.00%	0.00%
Expected stock price volatility (historical basis)	57.00%	47.90%	92.90%
Expected option life in years	3 years	3 years	2 years 1 month 24 days
CAD [Member]
Fair value per option granted during the period (C$)	$ 0.21	$ 0.16	$ 0.42

Common Stock (Details 2)

Common Stock (Details 2) $ in Thousands	12 Months Ended
	Jun. 30, 2019CAD ($)shares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number of outstanding | shares	19,449,909
Number exercisable | shares	17,227,409
CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 348
Aggregate Intrinsic Value | $	$ 326
Exercise Price C$0.47 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Nov. 9, 2022
Number of outstanding | shares	3,800,000
Number exercisable | shares	3,800,000
Exercise Price C$0.47 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 304
Aggregate Intrinsic Value | $	$ 304
Exercise Price C$0.54 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Nov. 15, 2023
Number of outstanding | shares	4,445,000
Number exercisable | shares	2,222,500
Exercise Price C$0.54 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $	$ 44
Aggregate Intrinsic Value | $	$ 22
Exercise Price C$0.62 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Jan. 19, 2021
Number of outstanding | shares	5,264,909
Number exercisable | shares	5,264,909
Exercise Price C$0.62 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $
Aggregate Intrinsic Value | $
Exercise Price C$0.76 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Mar. 6, 2022
Number of outstanding | shares	5,400,000
Number exercisable | shares	5,400,000
Exercise Price C$0.76 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $
Aggregate Intrinsic Value | $
Exercise Price C$0.94 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Expiry date	Jul. 21, 2021
Number of outstanding | shares	540,000
Number exercisable | shares	540,000
Exercise Price C$0.94 [Member] | CAD [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Aggregate Intrinsic Value | $
Aggregate Intrinsic Value | $

Common Stock (Details 3)

Common Stock (Details 3) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Balance, at beginning	28,648,610	20,609,086	22,733,685
Granted:
Lind Warrants	1,035,319	4,884,462
July 2017 Private Placements		2,962,500
Broker Warrants: July 2017 Private Placement		192,562
September 2018 Private Placement	2,487,577
April 2019 Private Placement	1,478,580
Lind First Tranche Warrants			890,670
February 2017 Private Placements			7,364,789
Broker Warrants: February 2017 Private Placement			78,342
Exercised	(115,000)		(3,447,137)
Expired	(12,160,285)		(7,011,263)
Balance, at end	21,374,801	28,648,610	20,609,086
CAD [Member]
Granted:
Balance at beginning	$ 0.77	$ 0.79	$ 0.74
Granted:
Lind Warrants	0.77	0.69
Lind First Tranche Warrants			0.90
February 2017 Private Placements			0.85
July 2017 Private Placements	0.79	0.79
Broker Warrants: February 2017 Private Placement			0.85
Broker Warrants: July 2017 Private Placement	0.79	0.79
September 2018 Private Placement	0.75
April 2019 Private Placement	0.72
Exercised	0.75		0.65
Expired	0.74		0.79
Balance at end	$ 0.78	$ 0.77	$ 0.79

Common Stock (Details 4)

Common Stock (Details 4) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016
Class of Warrant or Right [Line Items]
Number	21,374,801	28,648,610	20,609,086	22,733,685
Exercise Price C$0.54 [Member]
Class of Warrant or Right [Line Items]
Number	355,132
Warrant exercise price (in dollars per share)	$ 0.54
Expiry Date	Dec. 6, 2020
Exercise Price C$0.62 [Member]
Class of Warrant or Right [Line Items]
Number	308,901
Warrant exercise price (in dollars per share)	$ 0.62
Expiry Date	Oct. 31, 2020
Exercise Price C$0.66 [Member]
Class of Warrant or Right [Line Items]
Number	283,413
Warrant exercise price (in dollars per share)	$ 0.66
Expiry Date	Sep. 28, 2020
Exercise Price C$0.69 [Member]
Class of Warrant or Right [Line Items]
Number	541,435
Warrant exercise price (in dollars per share)	$ 0.69
Expiry Date	Feb. 7, 2021
Exercise Price C$0.70 [Member]
Class of Warrant or Right [Line Items]
Number	529,344
Warrant exercise price (in dollars per share)	$ 0.70
Expiry Date	Feb. 5, 2021
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	833,330
Warrant exercise price (in dollars per share)	$ 0.72
Expiry Date	Apr. 29, 2020
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	645,250
Warrant exercise price (in dollars per share)	$ 0.72
Expiry Date	May 9, 2020
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	1,546,882
Warrant exercise price (in dollars per share)	$ 0.72
Expiry Date	Jan. 30, 2021
Exercise Price C$0.72 [Member]
Class of Warrant or Right [Line Items]
Number	1,058,872
Warrant exercise price (in dollars per share)	$ 0.72
Expiry Date	Apr. 5, 2021
Exercise Price C$0.73 [Member]
Class of Warrant or Right [Line Items]
Number	260,483
Warrant exercise price (in dollars per share)	$ 0.73
Expiry Date	Aug. 15, 2020
Exercise Price C$0.75 [Member]
Class of Warrant or Right [Line Items]
Number	1,458,792
Warrant exercise price (in dollars per share)	$ 0.75
Expiry Date	Sep. 14, 2020
Exercise Price C$0.75 [Member]
Class of Warrant or Right [Line Items]
Number	1,028,785
Warrant exercise price (in dollars per share)	$ 0.75
Expiry Date	Sep. 28, 2020
Exercise Price C$0.77 [Member]
Class of Warrant or Right [Line Items]
Number	1,035,319
Warrant exercise price (in dollars per share)	$ 0.77
Expiry Date	Jul. 9, 2021
Exercise Price C$0.79 [Member]
Class of Warrant or Right [Line Items]
Number	3,155,062
Warrant exercise price (in dollars per share)	$ 0.79
Expiry Date	Jul. 26, 2021
Exercise Price C$0.85 [Member]
Class of Warrant or Right [Line Items]
Number	3,860,800
Warrant exercise price (in dollars per share)	$ 0.85
Expiry Date	Feb. 14, 2020
Exercise Price C$0.85 [Member]
Class of Warrant or Right [Line Items]
Number	3,043,024
Warrant exercise price (in dollars per share)	$ 0.85
Expiry Date	Feb. 21, 2020
Exercise Price C$0.85 [Member]
Class of Warrant or Right [Line Items]
Number	539,307
Warrant exercise price (in dollars per share)	$ 0.85
Expiry Date	Feb. 28, 2020
Exercise Price C$0.90 [Member]
Class of Warrant or Right [Line Items]
Number	890,670
Warrant exercise price (in dollars per share)	$ 0.90
Expiry Date	Mar. 31, 2020

Common Stock (Details Textual)

Common Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	May 09, 2019	Apr. 29, 2019	Sep. 28, 2018	Sep. 14, 2018	Nov. 09, 2017	Sep. 05, 2017	Jul. 26, 2017	Jul. 31, 2017	Feb. 28, 2017	Feb. 14, 2017	Jun. 30, 2019
Number of outstanding											19,449,909
Long-Term Incentive Plan [Member] | Non-Employee Director [Member]
Maximum number of shares issued upon the exercise of options					20,451,895
Stock option plan [Member]
Number of vested and exercisable options											6,022,500
Total intrinsic value options exercised											$ 8
Unrecognized compensation cost											$ 157
Cost recognized weighted average period											9 months 18 days
Broker Warrant [Member]
Plan award term									3 years
Number of units issued									78,342
Risk free interest rate									0.75%
Volatility									81.27%
Expected life									3 years
Northcott Capital Limited [Member] | Warrant [Member]
Number of units issued						415,747
CAD [Member] | Long-Term Incentive Plan [Member] | Non-Employee Director [Member]
Shares issued value					$ 150
Shares issued within one year value					$ 100
CAD [Member] | Stock option plan [Member]
Share price (in dollars per share)											$ 0.55
CAD [Member] | Broker Warrant [Member]
Unit price (in dollars per unit)									$ 26
CAD [Member] | Northcott Capital Limited [Member] | Warrant [Member]
Unit price (in dollars per unit)						$ 0.61
Debt settlement						$ 254
Description of share price						The shares issued to Northcott were priced at C$0.61 per share, which represents a 10% premium over the five-day Volume Weighted Average Price of the Common Shares of C$0.5571 as of the date of the agreement.
Non-Brokered Private Placement [Member] | Tranche One [Member]
Number of units issued	1,290,500	1,666,664		2,917,587			2,962,500			3,860,800
Description of units										Each Unit consists of one Common Share and one transferable Common Share purchase warrant (each whole such warrant a “Warrant”), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of C$0.85 for a period of 36 months from their date of issuance.
Non-Brokered Private Placement [Member] | Tranche One [Member] | CAD [Member]
Number of units issued										2,700
Unit price (in dollars per unit)	$ 0.60	$ 0.60		$ 0.63			$ 0.65			$ 0.70
Additional unit price (in dollars per unit)	$ 0.72			$ 0.75			$ 0.79
Gross proceeds from units issued	$ 800	$ 100		$ 1,838			$ 1,926
Broker warrant exercise date				Sep. 14, 2020			Jul. 26, 2021
Non-Brokered Private Placement [Member] | Tranche Second [Member]
Number of units issued			2,057,571						3,503,989
Description of units									Each 2017 Final Closing Unit consists of one Common Share and one transferable Common Share purchase warrant (a “Warrant”), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of C$0.85 for a period of three years from Unit issuance.
Non-Brokered Private Placement [Member] | Tranche Second [Member] | CAD [Member]
Number of units issued									2,500
Unit price (in dollars per unit)			$ 0.63
Additional unit price (in dollars per unit)			$ 0.75
Gross proceeds from units issued			$ 1,296
Cash commissions paid			$ 18						$ 88
Broker warrant exercise date			Sep. 28, 2020
Non-Brokered Private Placement [Member] | Tranche Two, Dated on February 21, 2017 [Member]
Number of units issued									2,964,682
Non-Brokered Private Placement [Member] | Tranche Two, Dated on February 28, 2017 [Member]
Number of units issued									539,307
Non-Brokered Private Placement [Member] | Tranche Two, Dated on February 28, 2017 [Member] | CAD [Member]
Unit price (in dollars per unit)									$ 0.70
Private Placement [Member] | Mackie Research Capital Corporation [Member] | Warrant [Member]
Number of units issued								192,562
Fair value of Broker Warrants								$ 41
Cash commissions paid								$ 189
Risk free interest rate								1.32%
Volatility								60.30%
Expected life								4 years
Broker warrant exercise date								Jul. 26, 2021
Percentage paid on warrant issued								6.50%
Percentage paid on cash commission								6.50%
Dividend yield								0.00%
Private Placement [Member] | CAD [Member] | Mackie Research Capital Corporation [Member] | Warrant [Member]
Unit price (in dollars per unit)								$ 0.79
Gross proceeds from units issued								$ 125

Related Party Transactions an_2

Related Party Transactions and Balances (Details) - CEO [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Non Revolving Line Of Credit [Member]
Related Party Transactions and Balances (Textual)
Credit facility interest rate (in dollars per share)	10.00%
Credit Agreement [Member]
Related Party Transactions and Balances (Textual)
Principal amount outstanding		$ 480
Interest payable		70
Non-revolving credit facility	$ 2,000
Establishment fee	2.50%
Description of collateral	The Credit Agreement bears an interest rate of 10% and drawdowns from the Credit Agreement are subject to a 2.5% establishment fee. Amounts outstanding under the Credit Agreement are secured by all of the Company's assets pursuant to the General Security Agreement.
Credit facility drawdown		$ 305
Credit Agreement [Member] | Smith Loans [Member]
Related Party Transactions and Balances (Textual)
Description of fees associated with providing collateral for the credit facility	The Company has a loan with Mark Smith, President, Chief Executive Officer ("CEO") and Executive Chairman of NioCorp (the "Original Smith Loan"), that bears an interest rate of 10%, is secured by the Company's assets pursuant to a concurrently executed general security agreement (the "General Security Agreement") and is subject to both a 2.5% establishment fee and 2.5% prepayment fee.
Principal amount outstanding	$ 1,000

Exploration Expenditures (Detai

Exploration Expenditures (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Total	$ 3,144	$ 2,136	$ 8,927
Feasibility Study and Engineering [Member]
Total	2,403	1,105	5,797
Field Management and Other [Member]
Total	577	671	811
Metallurgical [Member]
Total	164	264	2,209
Geologists and Field Staff [Member]
Total		$ 96	$ 110

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Total	$ 7,336	$ 8,497	$ 14,630
Canada [Member]
Total	3,622	5,667	4,897
United States [Member]
Total	$ 3,714	$ 2,830	$ 9,733

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Loss before income taxes	$ 7,336	$ 8,497	$ 14,630
Combined federal and provincial statutory income tax rate	27.00%	27.00%	26.00%
Income tax benefit at statutory tax rates	$ 1,981	$ 2,294	$ 3,804
Foreign rate differential	(71)	(49)	1,218
Warrant expense	(42)	(195)	(66)
Share based compensation	(163)	(350)	(383)
Change in estimates related to prior years	211	218	(471)
Effect of legislative changes		(3,591)
Change in valuation allowance	(1,821)	2,051	(4,028)
Other	(95)	(378)	(74)
Income tax benefit

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Deferred tax assets
Mineral interest	$ 8,093	$ 7,307
Net operating losses available for future periods	6,209	5,103
Other	146	217
Total deferred tax assets	14,448	12,627
Valuation allowance	(14,448)	(12,627)
Net deferred tax assets

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Valuation allowance, beginning of year	$ (12,627)	$ (14,678)
Current year additions	(1,821)	(1,647)
Decrease resulting from the revaluation related to changes in tax rate		3,698
Valuation allowance, end of year	$ (14,448)	$ (12,627)

Income Taxes (Details 4)

Income Taxes (Details 4) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Total	$ 23,199	$ 19,052
Canada [Member]
Total	21,794	18,070
United States [Member]
Total	$ 1,405	$ 982

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 22, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Taxes (Textual)
Income tax provision at the federal statutory rate		27.00%	27.00%	26.00%
Income tax provision at the federal statutory rate reduced		21.00%
Decrease resulting from the revaluation related to changes in tax rate			$ 3,698
Valuation allowance		$ (14,448)	$ (12,627)
Minimum [Member]
Income Taxes (Textual)
Income tax provision at the federal statutory rate	21.00%
Income tax provision at the canadian statutory rate		26.00%	21.00%
Maximum [Member]
Income Taxes (Textual)
Income tax provision at the federal statutory rate	35.00%
Income tax provision at the canadian statutory rate		27.00%	35.00%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018
Assets:
Cash and cash equivalents	$ 357	$ 73
Available for sale securities	5	12
Total	362	85
Liabilities:
Convertible debt	1,012	4,106
Derivative liability, convertible debt		8
Total	1,012	4,114
Level 1 [Member]
Assets:
Cash and cash equivalents	357	73
Available for sale securities	5	12
Total	362	85
Liabilities:
Convertible debt
Derivative liability, convertible debt
Total
Level 2 [Member]
Assets:
Cash and cash equivalents
Available for sale securities
Total
Liabilities:
Convertible debt
Derivative liability, convertible debt
Total
Level 3 [Member]
Assets:
Cash and cash equivalents
Available for sale securities
Total
Liabilities:
Convertible debt	1,012	4,106
Derivative liability, convertible debt		8
Total	$ 1,012	$ 4,114

Fair Value Measurements (Deta_2

Fair Value Measurements (Details 1)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Risk-free interest rate [Member]
Fair value debt components	1.25%	1.25%
Expected dividend yield [Member]
Fair value debt components	0.00%	0.00%
Expected stock price volatility [Member]
Fair value debt components	50.27%	73.97%
Expected option life in years [Member]
Fair value assumption of expected option life	2 months 30 days	2 months 30 days

Fair Value Measurements (Deta_3

Fair Value Measurements (Details 2) - Level 3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 4,114	$ 3,547
Convertible securities closings	1,000	4,500
Conversions to equity	(4,582)	(5,130)
Realized and unrealized losses	480	1,197
Balance at end	$ 1,012	$ 4,114

Fair Value Measurements (Deta_4

Fair Value Measurements (Details Textual) - Level 3 [Member] - Convertible Debt [Member]	12 Months Ended
	Jun. 30, 2019
Expected return	50.00%
Description of expected return	A 15% decrease (increase) in the expected return would result in an increase (decrease) to fair value of $7, or approximately 0.6%.

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	Jun. 30, 2019USD ($)
Debt
Payments due by period, Less than 1 year	$ 2,626
Payments due by period, 1-3 years	900
Payments due by period, 4-5 years
Payments due by period, After 5 years
Total	3,526
Operating leases
Payments due by period, Less than 1 year	52
Payments due by period, 1-3 years
Payments due by period, 4-5 years
Payments due by period, After 5 years
Total	52
Total contractual obligations
Payments due by period, Less than 1 year	2,678
Payments due by period, 1-3 years	900
Payments due by period, 4-5 years
Payments due by period, After 5 years
Total	$ 3,578

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] $ in Thousands	13 Months Ended
	Aug. 16, 2019USD ($)
Drawdown amount	$ 1,395
Smith Credit Agreement [Member]
Drawdown amount	125
Interest and establishment fee	$ 125