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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2041795	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$10.1424	2024-12-17	Common Shares (65000)	65000	Direct
Employee Stock Option (right to buy)	$5.5933	2023-12-14	Common Shares (50000)	50000	Direct
Employee Stock Option (right to buy)	$6.95	2026-03-27	Common Shares (70000)	70000	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 18,376,163 Common Shares.

F2: 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)).

F3: 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.

F4: Option exercise price was converted from Canadian exercise price of C$7.50 using an exchange rate of C$1.3409=US$1.00 as reported by the Bank of Canada on August 10, 2023.