Billionaire Ken Griffin Buys Massive Stake in Asset That’s Soared 124% This Year
Description
Billionaire investor Ken Griffin is placing a major bet on a company that’s far outperformed expectations this year. According to a filing with the U.S. Securities and Exchange Commission (SEC), Griffin’s hedge fund Citadel has acquired 3,824,329 shares of NioCorp Developments Ltd (NB), a company advancing critical minerals development in the United States. NioCorp’s flagship project in Nebraska aims to produce rare earth minerals like niobium, scandium and titanium. Citadel’s holdings of NB rep...
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