NioCorp to Voluntarily Delist from the TSX in Favor of its Current Nasdaq Listing

CENTENNIAL, CO / ACCESSWIRE / April 17, 2024 / NioCorp Developments Ltd. (“NioCorp” or the “Company”) (NASDAQ:NB)(TSX:NB) announces that its board of directors (the “Board”) has approved the voluntary delisting of the Company’s common shares from the Toronto Stock Exchange (the “TSX”) (the “Delisting”). Subject to approval by the TSX, it is expected that NioCorp’s common shares will be delisted from the TSX effective as of close of markets on May 3, 2024. NioCorp’s common shares will continue to be listed and trade on the Nasdaq Capital Market (the “Nasdaq”) under the symbol “NB”.

With more than 90% of its average daily trading volume executed on the Nasdaq, the Board concluded that maintaining the TSX listing does not offer sufficient benefits to the Company and its shareholders to justify the expenses and administrative costs for the continued TSX listing. The Company is not required to seek security holder approval for the Delisting since an alternative market for NioCorp’s common shares exists on the Nasdaq.