NIOCORP DEVELOPMENTS LTD — Director's Dealing 2022

Mar 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NIOBF)
CIK: 0001512228
Period of Report: 2022-03-07

Reporting Person: Shah Neal S. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-07	Common Shares	M	195500	$0.5961	Acquired	515170	Direct
2022-03-07	Common Shares	F	140170	$0.8314	Disposed	375000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-07	Employee Stock Option (right to buy)	$0.5961	M	195500	Disposed	2022-03-07	Common Shares (195500)	Direct

Footnotes

F1: Option exercise price reflected was converted from Canadian exercise price of C$0.76 using an exchange rate of C$1.2750 = US$1.00 as reported by the Bank of Canada on March 4, 2022.

F2: Includes 60 common shares that were erroneously reported as disposed of by the Reporting Person on the Reporting Person's Form 4 filed on March 12, 2021.

F3: 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 March 4, 2022 of C$1.06, which was converted using an exchange rate of C$1.2750 = US$1.00 as reported by the Bank of Canada on March 4, 2022.

F4: The option, representing a right to purchase a total of 400,000 Common Shares, became exercisable in installments as follows: 50% on September 2, 2017; 25% March 6, 2018; and the remaining balance on September 2, 2018.