NioCorp Developments Ltd. shares rise 3.90% after-hours following bipartisan legislation support for rare earths mining.

Niocorp Developments Ltd. rose 3.90% in after-hours trading, following the announcement of bipartisan legislation, 'The Critical Minerals Investment Tax Modernization Act' (H.R. 4774), sponsored by U.S. Rep. Adrian Smith (R-NE). The legislation aims to provide powerful tax incentives for prospective miners of rare earths and scandium, which aligns with NioCorp's business interests.