NIOCORP DEVELOPMENTS LTD — Director's Dealing 2022

Nov 29, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NIOBF)
CIK: 0001512228
Period of Report: 2022-11-28

Reporting Person: Guerrero-Mahon Nilsa (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-28	Common Shares	M	500000	$0.3513	Acquired	500000	Direct
2022-11-28	Common Shares	F	200855	$0.8746	Disposed	299145	Direct
2022-11-28	Common Shares	M	300000	$0.4037	Acquired	599145	Direct
2022-11-28	Common Shares	F	138462	$0.8746	Disposed	460682	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-28	Director Stock Option (right to buy)	$0.3513	M	500000	Disposed	2022-11-30	Common Shares (500000)	Direct
2022-11-28	Director Stock Option (right to buy)	$0.4037	M	300000	Disposed	2023-11-15	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$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.

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 November 25, 2022 of C$1.17, which was converted using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.

F3: Option exercise price reflected was converted from Canadian exercise price of C$0.54 using an exchange rate of C$1.3377 = US$1.00 as reported by the Bank of Canada on November 25, 2022.

F4: The option, representing a right to purchase a total of 500,000 Common Shares, became exercisable on the issuance date of November 9, 2017.

F5: The option, representing a right to purchase a total of 300,000 Common Shares, became exercisable in installments as follows: 50% on May 15, 2019; 25% on November 15, 2019; and 25% on May 15, 2020.