NioCorp CEO Mark Smith Increases His Personal Stake in NioCorp in Order to Accelerate the Company’s Current Elk Creek Project Finance Efforts

NioCorp Developments (“NioCorp” or the “Company”) (TSX:NB) (OTCQX:NIOBF) (FSE:BR3) announces that CEO and Executive Chairman Mark Smith is increasing his personal stake in the Company by providing USD $180,000 in funding under an existing credit facility with the Company in order to accelerate NioCorp’s ongoing Elk Creek project finance efforts.

The funding from Mr. Smith is being provided under a previously disclosed credit facility between Mr. Smith and the Company.
Joseph A. Carrabba, Lead Director of NioCorp’s Board and a director of Newmont Mining Company, TimkenSteel Company, and Aecon Group

“The effort to secure project financing sufficient to move the Elk Creek Project to a construction start is progressing well, but we want to accelerate and intensify those efforts, and this funding will help the Company in this regard.
The Board of Directors wishes to thank Mr. Smith for his continuing and unshakeable commitment to the success of this Company and the Elk Creek Project.”

Click here to read the full text release.