NioCorp Developments Ltd. Completes Sale of 82,500 Shares Under Equity Agreement

NioCorp Developments Ltd., based in Centennial, Colorado, announced the completion of the issuance and sale of 82,500 common shares at $2.5472 per share. This transaction was carried out under the terms of the Standby Equity Purchase Agreement dated January 26, 2023. The selling price represents 97% of the average volume-weighted price on Nasdaq, adhering to the agreement's requirements. This step is part of NioCorp's ongoing efforts to secure funding and advance its critical minerals project in Southeast Nebraska.

The company emphasizes that this move does not constitute an offer to sell or a solicitation of an offer to buy any securities. The shares were sold relying on an exemption from registration within the Securities Act of 1933. As such, these shares have not been registered under this act or any state securities laws and are subject to restrictions on their sale within the United States and Canada. This announcement underlines NioCorp's continued compliance with financial and legal standards in its operations.

NioCorp's project in Nebraska aims to produce vital minerals such as niobium, scandium, and titanium, essential for various industrial and military applications. The successful sale of these shares marks a continued effort by NioCorp to finance its mineral development projects effectively.