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
# # #
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, [email protected]
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.