NioCorp Announces Cdn $ 6 Million No Broker Private Placement

CENTENNIAL, Colorado., April 19, 2021 / PRNewswire / – NioCorp Developments Ltd. (“NioCorp“or the”Company“) (TSX: NB) (OTCQX: NIOBF) announces its intention to offer, in a non-brokered private placement, up to 4,195,804 units of the Company (the “Units“) at the price of CA $ 1.43 per unit (the “Issue price“) for gross proceeds for the Company of a maximum amount of approximately CAN $ 6.0 million (the “Offer“). There is no minimum bid amount.

The price of the Units has been set at a CA $ 0.01 premium to the five-day volume weighted average price of NioCorp common stock of CA $ 1.42 based on the close of trading on April 16, 2021.

Each unit will consist of one common share of NioCorp (each, one “Common share“) and one common share purchase warrant (each entire warrant, a”To guarantee“). Each warrant will give its holder the right to acquire one common share at the price of CA $ 1.63 at any time before the date which falls two years after the completion of the investment.

It is expected that the private placement will close no later than Friday April 30, 2021 and is subject to the completion of official documentation, receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange (“TSX“) and other customary conditions.

The proceeds of the private placement will be used for the continued advancement of the Company’s Elk Creek Superalloy Materials project, including detailed engineering efforts underway, conducting technical assessments of the potential addition of rare earth products to planned product offering, as well as working capital and general business needs.

The Offer will be made by way of a private placement with qualified investors in these provinces of Canada (except Quebec) as the Company may designate, and otherwise in jurisdictions where the Offer may be lawfully made, including United States under applicable private placement exemptions.

The Company may pay finder’s fees or commissions on part of the private placement in respect of subscriptions originating outside of United States.

All securities sold under the offering will be subject to a four month hold period, which will expire four months and one day from the closing date.

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of any of the securities in any jurisdiction where such an offer, solicitation or sale would be illegal, including including one of the titles in United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Law of 1933“) or any state securities law and may not be offered or sold in the United States or to, or on behalf of or for the benefit of, U.S. nationals (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and the Securities Acts applicable state securities, or an exemption from these registration requirements is available.

For more information contact Jim sims, Vice President of External Affairs, NioCorp Developments Ltd., 303-503-6203, [email protected]

@NioCorp $ NB $ NIOBF #Niobium #Scandium #rareearth #ElkCreek

About NioCorp

NioCorp is developing a superalloy materials project in Southeastern Nebraska with the aim of producing niobium, scandium and titanium. Niobium is used to produce superalloys as well as high strength low alloy steel (“HSLA”), which is a lighter, stronger steel used in automotive, structural and pipeline applications. Scandium is a superalloy material that can be combined with aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also an essential component of advanced solid oxide fuel cells. Titanium is used in various superalloys and is a key component of pigments used in paper, paint, and plastics, and is also used in aerospace applications, armor, and medical implants.

Caution Regarding Forward-Looking Statements

Certain statements contained in this document may constitute forward-looking statements, including, but not limited to, statements relating to the expected closing, size, structure and exemptions used in connection with the offering. These forward-looking statements are based on NioCorp’s reasonable expectations and business plan as of the date hereof, which are subject to change based on economic, political and competitive circumstances and eventualities. Readers are cautioned that these forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause these assumptions to change and that actual results and estimates differ materially from estimated future results, achievements or positions or anticipated expressed or implied in these forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp’s plans or outlook to change include risks relating to NioCorp’s ability to operate as a going concern; risks associated with NioCorp’s requirement for significant additional capital, changes in demand and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual work results differ from projections / expectations or do not realize the perceived potential of NioCorp projects; the risks of accidents, equipment failures and labor disputes or other unforeseen difficulties or interruptions; the possibility of cost overruns or unforeseen expenses in development programs; operational or technical difficulties related to exploration, mining or development activities; the speculative nature of mineral exploration and exploitation, including the risks of declining grade quantities of reserves and resources; risks associated with exploration, development and mining activities, and the risks set out in documents filed by the Company with the SEC at NioCorp disclaims any intention or obligation to update or revise forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE NioCorp Developments Ltd.

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