NioCorp Announces Delisting from the Toronto Stock Exchange

NioCorp Developments Ltd., a miner listed on NASDAQ (NB) and TSX (NB), has decided to delist its common shares from the Toronto Stock Exchange (TSX), effective after markets close on May 3, 2024. This decision, approved by the board of directors, remains subject to TSX approval. The company will continue its trading on the Nasdaq Capital Market under the same ticker.

A major factor influencing this change is the more than 90% of NioCorp’s average daily trading volume occurs on Nasdaq. The board concluded that the financial and administrative costs of maintaining the TSX listing are not justified by its benefits to the company and its shareholders. As an alternative trading venue exists on Nasdaq, the company is not required to seek approval from its security holders for this delisting.

Despite delisting from the TSX, NioCorp will maintain its status as a "reporting issuer" in Canada, promising to continue comprehensive disclosure in line with Canadian securities laws. Canadian shareholders are advised to contact their brokers regarding the trading of their shares on the Nasdaq.