NioCorp Announces Application to Purchase Shares Under the Share Purchase Agreement

NioCorp Developments Ltd. today announced that it has sent an advanced notice requesting the purchase of 75,000 of its common shares, without par value, pursuant to the Custodian Stock Purchase Agreement dated January 26, 2023. The issuance of shares Advances are anticipated at a price equal to 97% of the volume weighted average price of the common shares on Nasdaq for a period of three consecutive trading days, beginning on the date of the notification.

Completion of the sale of the advanced shares is expected on February 29, 2024, subject to the satisfaction of the conditions specified in the Agreement. This agreement allows the company to strengthen its capital in a strategic and flexible manner. Investors are encouraged to review the January 26, 2023 press release and management information for further details on this agreement.

It is important to note that this press release constitutes neither an offer to sell nor the solicitation of an offer to buy any shares. The sale of the advanced shares will be made in reliance on an exemption from the registration requirements of the Securities Act of 1933.