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Atletico

02/12/23 6:00 PM

#90323 RE: Skiluc #90322

Thank you for this thread. I am most interested in an accurate prediction of this number and am open to informed views.

According to the most recent amendment to NioCorp's most recent Form S-4, "Immediately following completion of the Transactions, it is expected that the current NioCorp Shareholders and the current GX Stockholders will own 42% and 58%, respectively, of the outstanding NioCorp Common Shares..."

From TSX, NioCorp has 282,420,651 shares outstanding (though I expect this is somewhat outdated info now). Those shares constitute 42% of the future outstanding NioCorp Common Shares, therefore that would put the figure at 672,430,121. This will probably be on the low side as I'm not accounting for warrants, options, and convertible debt.

Again, I'd appreciate other methodologies to predict this number.