NIOCORP DEVELOPMENTS LTD — Director's Dealing 2023

Aug 11, 2023

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: NIOCORP DEVELOPMENTS LTD (NB)
CIK: 0001512228
Period of Report: 2023-08-11

Reporting Person: Morris Michael James (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	56673	Direct
Common Shares	5525	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Director Stock Option (right to buy)	$10.1424	2024-12-17	Common Shares (32500)	32500	Direct
Director Stock Option (right to buy)	$6.2644	2023-09-18	Common Shares (25000)	25000	Direct
Director Stock Option (right to buy)	$6.95	2026-03-27	Common Shares (50000)	50000	Direct

Footnotes

F1: On March 17, 2023, the Issuer effected a 1-for-10 reverse stock split (the "Reverse Stock Split") of its common shares, without par value ("Common Shares"), with any fractional shares resulting from the Reverse Stock Split rounded down to the nearest whole share, resulting in a decrease in the Reporting Person's ownership by 559,788 Common Shares.

F2: These shares are held in a trust where Mr. Morris and his wife share voting and investment power as the only trustees of the Michael and Sandra Morris Trust.

F3: This option has been adjusted to reflect the Reverse Stock Split (in prior reports, this option was previously reported as covering a number of shares equal to this reported amount times 10 (and at an exercise price equal to this reported exercise price divided by 10)).

F4: Option exercise price was converted from Canadian exercise price of C$13.60 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.

F5: Option exercise price was converted from Canadian exercise price of C$8.40 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.