NioCorp Announces Results of 2016 Annual General Meeting

Thursday, December 15, 2016 10:01 PM UTC

CENTENNIAL, Colo., Dec. 15, 2016 -- NioCorp Developments Ltd. (“NioCorp” or the "Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) is pleased to announce the results of its 2016 Annual General Meeting ("AGM"), held on Friday, December 9, 2016. 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, and Anna Castner Wightman; and
Re-appointment of BDO USA, LLP as the Company's external auditor.

At the AGM the following five 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	30,200,660	99.66	%	103,389	0.34	%
Joseph A. Carrabba	30,277,624	99.91	%	26,425	0.09	%
David C. Beling	30,271,080	99.89	%	32,969	0.11	%
Michael Morris	30,268,980	99.88	%	35,069	0.12	%
Anna Castner Wightman	30,262,980	99.86	%	41,069	0.14	%

Joseph Cecil, a director of the Company since November 14, 2014, determined not to stand for re-election at the AGM, and accordingly ceased to be a director on December 9, 2016. The Company wishes to thank Mr. Cecil for his time and important contributions to the NioCorp Board of Directors and to the Audit Committee, and wishes him the best in his future endeavors.

For greater detail please refer to the Company's Notice of 2016 Annual General Meeting of Shareholders and Information Circular in respect of the AGM dated November 2, 2016, 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 #Niobium #Scandium #ElkCreek

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 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 release.

For More Information

Contact Jim Sims, VP of External Affairs, NioCorp Developments Ltd.
720-639-4650
[email protected]

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NioCorp Announces Results of 2016 Annual General Meeting

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