NioCorp Developments Ltd. - $NB STOCK NEWS

NioCorp Developments Ltd. has joined forces with major automotive manufacturers, mining companies, and electric vehicle battery companies to urge the Biden Administration to allow a 10% tax credit to apply to both mineral extraction and mineral processing in the U.S. The joint letter, signed by NioCorp and 45 other companies and associations, including Tesla, General Motors, and the Zero Emission Transportation Association, emphasized the importance of extending the 45X Tax Credit to the cost of mining the minerals, as well as processing. The 45X Tax Credit was enacted with support from both political parties as part of the Inflation Reduction Act of 2022. The letter highlighted concerns about the proposed guidance that only critical mineral production costs eligible to be counted toward the production tax credit are the downstream value-added activities that include chemical conversion and purification, excluding a tax credit for the costs of domestic extraction of critical minerals. NioCorp's Executive Chairman and CEO, Mark A. Smith, emphasized the need to promote both the mining and downstream processing of critical minerals in America to reduce the country's over-reliance on foreign nations and create new high-skill jobs. This initiative aims to stimulate greater security of domestic critical mineral supply chains and unlock the intended impact of the statute.

NioCorp Developments Ltd. has entered into an agreement with Brunel University London to develop innovative aluminum-scandium alloys for the automotive sector. The partnership aims to create lightweight, recyclable, and cost-effective aluminum components. NioCorp also plans to become the world's largest producer of scandium, a designated critical mineral by the U.S. Government.

NioCorp Developments Ltd. announced the voting results for the election of directors at its Annual General Meeting. Seven nominees were elected to serve until the next annual general meeting or until their successors are elected. Shareholders also voted in favor of setting the number of directors, appointing auditors, approving the amendment and restatement of the Long-Term Incentive Plan, and approving the compensation of the named executive officers.

NioCorp Developments Ltd. announces a live investor webcast featuring Dr. Andrew Matheson of NanoScale Powders to discuss the phased commercialization program for aluminum-scandium master alloy. The webcast will take place on January 19, 2023. Participants must register to join. Following the presentation, there will be a question-and-answer period.

NioCorp Developments Ltd. is set to present the Elk Creek Critical Minerals Project at the Mine-to-Magnets Workshop hosted by NDIA. NioCorp's CEO will present at the event, attended by major defense industry companies and U.S. federal agency officials.

NioCorp Developments Ltd. (NB) released its 2023 Year in Review report, highlighting significant progress on the Elk Creek Critical Minerals Project and positioning the company for historic advancements in 2024.

NioCorp Developments Ltd. (Nasdaq:NB)(TSX:NB) closed a non-brokered private placement, raising approximately US$1.29 million for its Elk Creek Critical Minerals Project. Insider Investors subscribed for 138,845 units, constituting a related party transaction.

NioCorp Developments Ltd. (NASDAQ:NB)(TSX:NB) announces a non-brokered private placement of 336,185 units at a price of US$3.08 per unit, with a total gross proceeds of US$1 million. Insider investors, including officers and directors, have subscribed at a price of US$3.205 per unit, allowing them to participate in the private placement. Each unit includes one common share and one common share purchase warrant, with the warrant being exercisable into one common share at an exercise price of US$3.54 per warrant share for 24 months following the closing date.

NioCorp Developments Ltd. (NB) appoints Deloitte & Touche LLP as its new independent registered public accounting firm, replacing BDO USA, P.C. Effective immediately.