NIOCORP DEVELOPMENTS LTD — Director's Dealing 2022

Mar 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NIOBF)
CIK: 0001512228
Period of Report: 2022-03-01

Reporting Person: Smith Mark A. (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-01	Common Shares	M	650000	$0.5985	Acquired	20002564	Direct
2022-03-01	Common Shares	F	437169	$0.8899	Disposed	19565395	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-01	Employee Stock Option (right to buy)	$0.5985	M	650000	Disposed	2022-03-06	Common Shares (650000)	Direct

Footnotes

F1: Option exercise price reflected was converted from Canadian exercise price of C$0.76 using an exchange rate of C$1.2698 = US$1.00 as reported by the Bank of Canada on February 28, 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 February 28, 2022 of C$1.13, which was converted using an exchange rate of C$1.2698 = US$1.00 as reported by the Bank of Canada on February 28, 2022.

F3: The option, representing a right to purchase a total of 650,000 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.