NIOCORP DEVELOPMENTS LTD — Director's Dealing 2020

Sep 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NIOBF)
CIK: 0001512228
Period of Report: 2020-09-21

Reporting Person: Sims James T. (VP - External Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-21	Common Shares	M	300000	$0.3564	Acquired	333419	Direct
2020-09-21	Common Shares	F	165883	$0.6446	Disposed	167536	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-21	Employee Stock Option (right to buy)	$0.3564	M	300000	Disposed	2022-11-10	Common Shares (300000)	Direct

Footnotes

F1: Option exercise price reflected was converted from Canadian exercise price of C$0.47 using an exchange rate of C$1.3186 = US$1.00 as reported by the Bank of Canada on Sept 18, 2020.

F2: Sale price of common shares withheld in satisfaction of option exercise price is based on the closing price of the common shares on the Toronto Stock Exchange on Sept 18, 2020 of C$0.85, which was converted using an exchange rate of C$1.3186 = US$1.00 as reported by the Bank of Canada on Sept 18, 2020.

F3: The option, representing a right to purchase a total of 300,000 Common Shares, became exercisable on issuance date of November 9, 2017.