NioCorp Advances Standby Equity Purchase Agreement with New Share Issuance Notice

NioCorp Developments Ltd., based in Centennial, Colorado, announced on March 12, 2024, its delivery of an Advance Notice for the purchase of 85,000 shares under its Standby Equity Purchase Agreement dated January 26, 2023. This move introduces a significant development in the company's financing strategy, showcasing NioCorp's request to issue additional common shares.

As part of the agreement, NioCorp has chosen the Option 2 Pricing Period, which sets the purchase price of these shares at 97% of their daily volume-weighted average price on Nasdaq across three consecutive trading days. The completion of this transaction is expected to close around March 14, 2024, provided that all conditions outlined in the Standby Equity Purchase Agreement are met.

This announcement follows NioCorp's continued pursuit of project financing and development, as detailed in their previous communications and regulatory filings. The company emphasizes that this issuance does not constitute an offer or solicitation for sale in any jurisdiction where such actions would be unauthorized. NioCorp's operations focus on the development of a critical minerals project in Southeast Nebraska, stressing the strategic importance of niobium, scandium, and titanium, and exploring the potential for rare earth element production.