NioCorp Announces Advance Share Sale Under Equity Agreement

NioCorp Developments Ltd. (NASDAQ:NB)(TSX:NB) disclosed on March 5, 2024, that it has issued an Advance Notice for the sale of 82,500 shares according to the Standby Equity Purchase Agreement dated January 26, 2023. The sale involves the company's common shares, which are to be priced at 97% of their volume-weighted average on Nasdaq for three consecutive days starting from the announcement date, contingent on certain conditions outlined in the agreement.

The company anticipates the completion of this transaction by March 7, 2024. This operation underlines NioCorp's utilization of its previously announced financial arrangements to support its growth initiatives. Investors are directed to references from January and February 2023 for further context on the Standby Equity Purchase Agreement's specifics and its strategic implications for NioCorp.

This share issuance is executed under exemption provisions of the Securities Act of 1933, indicating no registration with U.S. or applicable Canadian securities regulatory frameworks for this transaction. NioCorp maintains that this communication is not an offer to sell or a solicitation of an offer to buy any securities.