NioCorp Reports Voting Results from the Election of Directors at its Annual General Meeting

Rhea-AI Summary

NioCorp Developments Ltd. announced the voting results for the election of directors at its Annual General Meeting. Seven nominees were elected to serve until the next annual general meeting or until their successors are elected. Shareholders also voted in favor of setting the number of directors, appointing auditors, approving the amendment and restatement of the Long-Term Incentive Plan, and approving the compensation of the named executive officers.

CENTENNIAL, CO / ACCESSWIRE / January 19, 2024 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB)(TSX:NB) announced the details of the voting results for the election of directors at its Annual General Meeting (the "AGM"), held on January 19, 2024 in Denver, CO.

At the AGM, the following seven nominees were elected as directors of the Company to serve until the next annual general meeting of shareholders of the Company, or until their successors are elected or appointed. The results of the voting were as follows:

Name of Nominee	Votes For	Percent	Votes Withheld	Percent
Mark A. Smith	7,473,610	93.98%	478,983	6.02%
Michael J. Morris	6,603,433	83.03%	1,349,159	16.97%
David C. Beling	7,220,373	90.79%	732,219	9.21%
Nilsa Guerrero-Mahon	7,150,587	89.92%	802,005	10.08%
Peter Oliver	7,151,643	89.93%	800,949	10.07%
Michael Maselli	7,325,594	91.12%	626,998	7.88%
Dean Kehler	7,286,924	91.63%	665,669	8.37%

Shareholders also voted in favor of: (i) setting the number of directors for the ensuing year at seven; (ii) appointing Deloitte & Touche LLP as auditors of the Company; (iii) authorizing and approving the amendment and restatement of the NioCorp Developments Ltd. Long-Term Incentive Plan, and (iv) approving, on a nonbinding, advisory basis, the compensation of the Company's named executive officers.

# # #

FOR MORE INFORMATION:

Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., (720) 334-7066, jim.sims@niocorp.com

@NioCorp $NB $NB.TO $BR3 #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle

About NioCorp

NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron ("NdFeB") magnets, which are used across a wide variety of defense and civilian applications.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws and forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements may include, but are not limited to, statements about NioCorp's expectation and ability to produce niobium, scandium and titanium from the Elk Creek Project; NioCorp's potential to produce several rare earths from the Elk Creek Project and the length of service of the elected directors. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations, and assumptions relating to the matters addressed herein. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the SEC and with the applicable Canadian securities regulatory authorities. Should these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.

All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

SOURCE: NioCorp Developments Ltd.

View the original press release on accesswire.com

FAQ

Who were elected as directors of NioCorp Developments Ltd. at the AGM?

The seven nominees elected as directors were Mark A. Smith, Michael J. Morris, David C. Beling, Nilsa Guerrero-Mahon, Peter Oliver, Michael Maselli, and Dean Kehler.

What were the voting results for the election of directors at the AGM?

The voting results showed high percentages of votes in favor of the elected directors, ranging from 83.03% to 93.98%.

What were the other items that shareholders voted in favor of at the AGM?

Shareholders also voted in favor of setting the number of directors for the ensuing year at seven, appointing Deloitte & Touche LLP as auditors, authorizing and approving the amendment and restatement of the Long-Term Incentive Plan, and approving, on a nonbinding, advisory basis, the compensation of the Company's named executive officers.