Replies to post #80999 on Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

Demo Man, let me start by thanking you for your campaign to bring more press attention to our project!! Got to hand it to you. Great job!

Re how will this money be used, I have no idea but paying L3 came to mind as well as the 2 companies that were on the last shareholder call and maybe updating the FS with REE data and economics.

Dont know......

[Landmark8211111]

Hello “Demo Man”,

It is anticipated that the private placement will close on or before Monday, June 27, 2022, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange ("TSX"), and other customary conditions.

Proceeds of the private placement will be used for continued advancement of the Company's Elk Creek Critical Minerals Project and for working capital and general corporate purposes.

The Offering will take place by way of a private placement to qualified investors in such provinces of Canada (except Quebec) as the Company may designate, and otherwise in those jurisdictions where the Offering can lawfully be made, including the United States under applicable private placement exemptions.

The Company may pay finder's fees or commissions on a portion of the private placement in respect of subscriptions originated outside of the United States.

All of the securities sold pursuant to the Offering will be subject to a four-month hold period, which will expire four months and one day from the date of Closing.

LM