NioCorp Developments Ltd. announced that it has entered into a subscription agreement and a non-brokered private placement with a single investor of 315,000 units at a price of $1.91 per unit for aggregate gross proceeds of $601,650 on June 24, 2024. Each unit issued in the Private Placement consisted of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable into one common share at a price of $2.20 per common share until June 24, 2026.

All of the Securities issued pursuant to the Private Placement are subject to a four month and one day hold period in accordance with applicable Canadian securities laws.