Mark Smith Ups His Stake in NioCorp

NioCorp Developments (TSX:NB) reported that Mark Smith, president and CEO of NioCorp and the company’s largest shareholder, purchased an additional 2.5 million shares of the company through an exercise of previously granted options. NioCorp released results of a PEA for its Elk Creek project in Nebraska in April and filed the report on SEDAR at the end of May.

As quoted in the press release:

Mr. Smith, the Company’s largest shareowner, increased his holdings in NioCorp to just over 17.9 million shares. This acquisition brings his holdings to 11.8 percent of total outstanding shares, on an undiluted basis.

Smith stated in the release:

This share acquisition represents both my continued belief in NioCorp’s mission and continued support of our efforts with the Elk Creek project. We have received positive feedback from the Elk Creek, Nebraska community, our prospective customers, and the investment community, without whom the continued success of this project could not be achieved.

Click here to read the NioCorp Developments (TSX:NB) press release