Mr. Jim Sims reports

NIOCORP REPORTS VOTING RESULTS FROM THE ELECTION OF DIRECTORS AT ITS 2021 ANNUAL GENERAL MEETING

Niocorp Developments Ltd. has released voting results from the election of directors at its 2021 annual general meeting (the AGM), held on Dec. 2, 2021, in Denver, Colo.

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 shown in the attached table.

Shareholders also voted in favor of: (i) setting the number of directors for the ensuing year at six; and (ii) reappointing BDO USA LLP as auditor of the company.

About Niocorp Developments Ltd.

Niocorp is developing a superalloy materials project in southeast Nebraska that will produce niobium, scandium and titanium. Also under consideration by the company is the production of several magnetic rare earth products. 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 is also 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, armour and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium and dysprosium, are critical to the making of neodymium-iron-boron (NdFeB) magnets, which are used across a wide variety of defence and civilian applications.

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