NioCorp to voluntary delist from TSX

NioCorp Developments announces that its board of directors has approved the voluntary delisting of the Company’s common shares from the Toronto Stock Exchange. Subject to approval by the TSX, it is expected that NioCorp’s common shares will be delisted from the TSX effective as of close of markets on May 3, 2024. NioCorp’s common shares will continue to be listed and trade on the Nasdaq Capital Market under the symbol “NB“. With more than 90% of its average daily trading volume executed on the Nasdaq, the Board concluded that maintaining the TSX listing does not offer sufficient benefits to the Company and its shareholders to justify the expenses and administrative costs for the continued TSX listing. The Company is not required to seek security holder approval for the Delisting since an alternative market for NioCorp’s common shares exists on the Nasdaq. NioCorp will remain a “reporting issuer” in Canada and will continue to provide regular comprehensive disclosure pursuant to applicable Canadian securities laws. Many brokers in Canada, including discount and online brokers, have the ability to buy and sell securities listed on the Nasdaq. Shareholders holding NioCorp’s common shares in Canadian brokerage accounts should contact their brokers to confirm how to trade their shares on the Nasdaq.