NioCorp Developments Ltd. announces the issuance and sale of 75,000 shares

NioCorp Developments Ltd., whose shares are listed on the NASDAQ and TSX under the symbol NB, announced that it has issued and sold 75,000 shares of common stock, under the previously announced standby stock purchase agreement. This transaction is being carried out at a price of $2.2714 per share, corresponding to 97% of the volume weighted average price on Nasdaq, in accordance with the terms of the agreement.

This issuance of shares is not considered an offer to sell or the solicitation of an offer to buy any securities. The shares were offered and sold pursuant to an exemption from the registration requirement of the Securities Act of 1933. No prospectus has been filed with Canadian regulatory authorities in connection with this offering of shares.

NioCorp is dedicated to developing a critical minerals project in southeastern Nebraska, aimed at producing niobium, scandium, and titanium, pending sufficient project financing. The company is also evaluating the possibility of producing several rare earths from this project.