NioCorp Concludes $3.5 Million Private Placement

NioCorp Developments Ltd. has finalized a non-brokered private placement, raising approximately $3.5 million. This involves 2,199,602 units priced at $1.57 each. Notably, certain officers and directors invested $0.42 million for 239,999 units at $1.7675 each, involving a combination of common shares and warrants.

Each unit includes one common share, a Series A warrant, and half a Series B warrant. The Series A warrants are exercisable at $1.75 until November 2026. The Series B warrants are exercisable at $2.07 starting six months post-issuance until November 2029. The securities are subject to Canadian hold periods.

Proceeds will advance the Elk Creek Project in Nebraska and repay debts. These transactions align with Nasdaq regulations and involve related parties, exempt from extensive valuation requirements due to market cap stipulations.