Niocorp Developments Ltd (NB)

[Truth and Transparency]

You are dancing around and completely avoiding the question “WHY ARE THE INSTITUTIONAL INVESTORS NOT INVESTING IN NIOCORP”. As it stands today, there is less than 5% being held by institutional investors.

The remaining 95% are being held predominantly by insiders like Michael Kehler and Jay Bloom who were given a combined total of just under 20% of the company. The retail investors were and continue to be phased out and their market share being reduced. There was more to this SPAC deal than what we are being told.

It is ludicrous how poorly the deal was made. Giving majority control to the GXII sponsors that brought zero capital to the table is gross incompetence on behalf of Mark Smith and Niocorp management.