11:19:21 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Niocorp Developments Ltd
Symbol NB
Shares Issued 123,079,716
Close 2014-07-25 C$ 0.65
Market Cap C$ 80,001,815
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Niocorp appoints Morris as director

2014-07-28 09:50 ET - News Release

Mr. Mark Smith reports

NIOCORP ANNOUNCES BOARD UPDATE

Niocorp Developments Ltd. is appointing Michael Morris to the company's board of directors.

Mr. Morris is currently chairman of the board of Heritage Oaks Bankcorp, where he has been serving as a director since 2001. In addition, Mr. Morris is the senior principal and chairman of the board of Andre, Morris & Buttery, a professional law corporation. From 2000 to late 2006, Mr. Morris served on the board of Molycorp Inc., which at the time was a wholly owned subsidiary of Unocal and then Chevron. Mr. Morris was the only independent director of Molycorp at that time.

"Niocorp is honoured and privileged to have Mr. Morris as a new director. His financial and legal background, coupled with his past mining company board tenure, will significantly add to the depth of experience and competencies our board will need, as we quickly move deeper into the development stage for our Elk Creek niobium project," said Mark A. Smith, chief executive officer of Niocorp.

"I am delighted to be joining the board of Niocorp," said Mr. Morris. "The company has assembled a talented management team to lead it forward and achieve a strong position in the niobium market. It's an honour to be a part of this endeavour."

The company also announces that Erin Chutter has left the company's board for personal reasons. Ms. Chutter has been involved in the company for many years, providing valuable guidance in the acquisition of the Elk Creek niobium project, and the company wishes her well in her future ventures.

The company also wishes to announce the granting of incentive stock options to its directors, officers, consultants and employees, under its stock option plan, for the purchase of up to 2.3 million common shares of the company for a period of three years at a price of 65 cents per share.

We seek Safe Harbor.

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