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NioCorp Announces Results of 2017 Annual General Meeting

CENTENNIAL, Colo. (November 10, 2017) – NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX: NB, OTCQX: NIOBF, FSE: BR3) is pleased to announce the results of its 2017 Annual General Meeting (“AGM”), held on Thursday, November 9, 2017.  Among the motions approved by NioCorp’s shareholders included the following:

  • Approval of the number of directors;
  • Re-election of all of NioCorp’s current Board members: Mark A. Smith, Joseph A. Carrabba, Michael Morris, David C. Beling, Anna Castner Wightman, and Nilsa Guerrero-Mahon;
  • Re-appointment of BDO USA, LLP as the Company’s external auditor; and
  • Approval of the Long-Term Incentive Plan.

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

Nominee

Votes For

% For

Votes Withheld

% Withheld

Mark A. Smith

29,300,806

99.07%

275,820

0. 93%

Joseph A. Carrabba

29,444,828

99.55%

131,798

0. 45%

David C. Beling

29,444,628

99.55%

131,998

0.45%

Michael Morris

29,444,128

99.55%

132,498

0.45%

Anna Castner Wightman

29,440,928

99.54%

135,698

0.46%

Nilsa Guerrero-Mahon

29,431,141

99.51%

145,485

0.49%

 

NioCorp is pleased to announce that the shareholders have ratified and approved the appointment of BDO USA, LLP, as auditors of the Company (67,351,399, or 99.65%, voted “For” and 982,686, or 0.99%, abstained from voting) until the next annual meeting of shareholders or until their successor is appointed, at a remuneration to be fixed by the Company’s directors.

In addition, the shareholders voted to approve the Long-Term Incentive Plan and the granting of incentive securities thereunder until November 9, 2020 (28,569,647, or 96.60%, voted “For”, 777,406, or 2.63%, voted “Against”, and 229,573, or 0.78%, abstained from voting).

For greater detail please refer to the Company’s Notice of 2017 Annual General Meeting of Shareholders and Information Circular in respect of the AGM dated October 29, 2017, as well as the Company’s Report of Voting Results of the AGM, under NioCorp’s profile at www.sedar.com.

On Behalf of the Board of Directors,

"Mark Smith”

Mark Smith
Executive Chairman, CEO, and Director

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Source:  NioCorp Developments Ltd.
@NioCorp $NB $NIOBF $BR3 #Niobium #Scandium #ElkCreek

For More Information:  Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd., 303-503-6203, This email address is being protected from spambots. You need JavaScript enabled to view it.

About NioCorp

NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce Niobium, Scandium, and Titanium. Niobium is used to produce superalloys 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 superalloy material that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance.  Scandium also is a critical component of advanced solid oxide fuel cells.  Titanium is used in various superalloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.

Cautionary Note Regarding Forward-Looking Statements

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this document. 

About Niobium

about-nb

Niobium production is a multi-billion dollar a year market that is essential to the automotive, pipeline and construction industries.

Learn More....

About Scandium

about-sc

Scandium is a critical component in advanced fuel cell technologies and has numerous applications in the aerospace and transportation sectors.

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In the Media

Contact

Address: 7000 S. Yosemite St. Suite 115
Centennial, CO 80112

General Inquiries:
Telephone:
(720) 639-4647

Investor Relations:
Jim Sims, VP External Affairs
Telephone: 1-855-2-NIOCORP
Email: jim.sims@niocorp.com