Niocorp Developments Ltd (NB)

[Truth and Transparency]

Initial investors who have stood in support of management for a decade have been betrayed. I really f*cked up by not bailing when they announced the SPAC. I really thought Mark was a great businessman and would have ensured that there were some protections in place for investors in the deal. The deal should have never happened if a benchmark amount of capital weren’t raised from the deal.

Reality is tough sometimes. Mark and his mismanagement team have spent a decade of investor’s time and money to pay for their bloated salaries and ridiculous bonuses that sure as hell are not commensurate with their performance! They have created two feasibility studies and we are now finding out that neither of them are bankable feasibility studies. They have a lot of work to do before they gain my trust back.

“The way I got treated, I hope that they don’t treat the community that way,” Beverly Beethe - Landowner whom Niocorp purchased land from

https://www.sec.gov/Archives/edgar/data/1826669/000153949723000119/n2574_x79-425.htm