<SEC-DOCUMENT>0001615774-17-000362.txt : 20170203
<SEC-HEADER>0001615774-17-000362.hdr.sgml : 20170203
<ACCEPTANCE-DATETIME>20170203171042
ACCESSION NUMBER:		0001615774-17-000362
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170203
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170203
DATE AS OF CHANGE:		20170203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NIOCORP DEVELOPMENTS LTD
		CENTRAL INDEX KEY:			0001512228
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-55710
		FILM NUMBER:		17572990

	BUSINESS ADDRESS:	
		STREET 1:		7000 S. YOSEMITE STREET
		STREET 2:		STE. 115
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112
		BUSINESS PHONE:		720-639-4647

	MAIL ADDRESS:	
		STREET 1:		7000 S. YOSEMITE STREET
		STREET 2:		STE. 115
		CITY:			CENTENNIAL
		STATE:			CO
		ZIP:			80112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUANTUM RARE EARTH DEVELOPMENTS CORP.
		DATE OF NAME CHANGE:	20110204
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<TYPE>8-K
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<DESCRIPTION>FORM 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">_________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">Pursuant to Section 13 or 15(d) of
the<BR>
Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report: February 3, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Date of earliest event reported)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><B>NioCorp Developments Ltd. </B><BR>
(Exact Name of Registrant as Specified in Charter)</P>

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    <TD STYLE="width: 34%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>British Columbia, Canada </B></FONT><BR>
<FONT STYLE="font-size: 10pt">(State or Other Jurisdiction of Incorporation) </FONT></TD>
    <TD STYLE="width: 33%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>000-55710</B></FONT><BR>
<FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="width: 33%; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>98-1262185</B></FONT><BR>
<FONT STYLE="font-size: 10pt">(IRS Employer Identification No.) </FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>7000 South
Yosemite Street, Suite 115</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Centennial,
        Colorado</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">(Address of principal executive offices)</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>80112 </B></FONT><BR>
<FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">Registrant&rsquo;s telephone number, including area code:&nbsp;&nbsp;
<B>(720) 639-4647</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt">Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif">&#9744;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 95%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
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<BR>
</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; font: 10pt Times New Roman, Times, Serif">&#9744;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 95%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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<BR>
</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&#9744;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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<BR>
</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%">&#9744;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 95%"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
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<BR>
</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 2.02. Results of Operations and Financial Condition.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 3, 2017, NioCorp Developments Ltd.
(the &ldquo;<B>Registrant</B>&rdquo;) issued a press release announcing its quarterly financial results for the quarter ended December
31, 2016, as filed on February 3, 2017 with the United States Securities and Exchange Commission and the relevant Canadian securities
commissions in its Quarterly Report on Form 10-Q for the quarter ended December 31, 2016. A copy of this press release is furnished
as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein. In accordance with General Instruction
B.2 of Form 8-K, the information in this Item 2.02 shall not be deemed to be &ldquo;filed&rdquo; for purposes of the Securities
Exchange Act of 1934, as amended, and shall not be incorporated by reference into any registration statement or other document
filed under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly
set forth by specific reference in such filing.</P>

<P STYLE="font: 10pt/10.2pt Times New Roman, Times, Serif; margin: 0 0 0 24.5pt"><FONT STYLE="letter-spacing: 0.2pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>Item 7.01. Regulation FD Disclosure.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As disclosed in Item 2.02 of this Current Report
on Form 8-K above, on February 3, 2017, the Registrant issued the press release attached hereto as Exhibit 99.1 announcing its
quarterly financial results for the quarter ended December 31, 2016. In accordance with General Instruction B.2 of Form 8-K, the
information set forth herein and in the press release is deemed to be &ldquo;furnished&rdquo; and shall not be deemed to be &ldquo;filed&rdquo;
for purposes of the Securities Exchange Act of 1934, as amended. The information set forth in Item 7.01 of this Current Report
on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is
required to be disclosed solely to satisfy the requirements of Regulation FD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 9.01&nbsp;&nbsp;Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Exhibit No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">99.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release dated February 3, 2017*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">*The Exhibit relating to Items 2.02 and 7.01
is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 3.75pt 0">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 3.75pt 0">&nbsp;</P>

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    <TD STYLE="width: 49%; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="width: 47%; padding: 0.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0.75pt"><FONT STYLE="font-size: 10pt"><B>NIOCORP DEVELOPMENTS LTD. </B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.75pt"><FONT STYLE="font-size: 10pt">DATE:&nbsp;&nbsp;February 3, 2017 </FONT></TD>
    <TD STYLE="padding: 0.75pt"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="padding: 0.75pt; text-decoration: underline"><FONT STYLE="font-size: 10pt"><U>/s/ Neal Shah</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt"><FONT STYLE="font-size: 10pt">Neal Shah</FONT><BR>
<FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD>
    <TD STYLE="padding: 0.75pt">&nbsp;</TD></TR>
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<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Exhibit No. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">99.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release dated February 3, 2017*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">*The Exhibit relating to Items 2.02 and 7.01 is intended to be furnished
to, not filed with, the SEC pursuant to Regulation FD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<TYPE>EX-99.1
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<FILENAME>s105227_991.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;<IMG SRC="image_001.jpg" ALT="" STYLE="width: 671px; height: 109px"></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: left; color: #333333"><BR>
</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #3399CC"><B>NioCorp Reports Fiscal 2017 Second Quarter Financial
Results</B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #3399CC"><B></B></P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #3399CC"><B></B></P>

<P STYLE="font: 10pt Cambria, Times, Serif; margin-right: 0; margin-left: 0"><B>CENTENNIAL, Colo. </B>&ndash; February 3, 2017
&ndash; <B>NioCorp Developments Ltd. </B>(&ldquo;<B>NioCorp</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;) (<B>TSX: NB</B>; <B>OTCQX:
NIOBF</B>; and <B>FSE: BR3)</B> today released   its financial results for the quarter ending December 31, 2016. The
Company concluded the quarterly period with a cash balance of US$0.7 million, compared to US$4.4 million at June 30, 2016.</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0pt 0 12pt; text-align: left">NioCorp&rsquo;s financial results for
the second quarter of fiscal 2017 include the following:</P>

<UL STYLE="list-style-type: disc">

<LI STYLE="font: 10pt/normal Cambria, Times, Serif; text-align: left; margin: 0pt 0 12pt">Cash and cash equivalents at December
31, 2016 totaled US$0.7 million.<BR>
</LI>

<LI STYLE="font: 10pt/normal Cambria, Times, Serif; text-align: left; margin: 0pt 0 12pt">A net loss of US$3.5 million, or US$0.02 per common share, for the three-month period ended December 31, 2016 (FY 2015:
                                                                                          US$2.8 million or US$0.02 per common share, respectively).<BR> </LI>

<LI STYLE="font: 10pt/normal Cambria, Times, Serif; text-align: left; margin: 0pt 0 12pt">Exploration expenditures at the Company&rsquo;s
Elk Creek Project totaled US$2.4 million (FY 2015: US$0.4 million).</LI>

</UL>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0pt 0 12pt; text-align: left">NioCorp&rsquo;s financial results for
year to date 2017 include the following:</P>

<UL STYLE="list-style-type: disc">

<LI STYLE="font: 10pt/normal Cambria, Times, Serif; text-align: left; margin: 0pt 0 12pt">A net loss of US$6.3 million, or US$0.03
per common share (FY 2015: US$5.6 million or US$0.04 per common share, respectively).<BR>
</LI>

<LI STYLE="font: 10pt/normal Cambria, Times, Serif; text-align: left; margin: 0pt 0 12pt">Exploration expenditures totaled US$4.4
million (FY 2015: US$2.4 million), as noted below.</LI>

</UL>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: center">For the six months ended December 31, (US$000&rsquo;s)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2016</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">2015</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 56%; text-align: justify; padding-left: 5.4pt">Technical studies and engineering</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">1,988</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">1,470</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Field management and other</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">633</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">301</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Drilling</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">281</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-left: 5.4pt">Metallurgical development</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,691</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">110</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">Geologists and field staff</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">55</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">234</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: justify; padding-bottom: 1pt; padding-left: 5.4pt">&nbsp;Total</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,367</TD><TD STYLE="padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,396</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Cambria, Times, Serif; margin-right: 0; margin-left: 0"><BR>
As of December 31, 2016, the Company had total assets
of US$11.8 million, total liabilities of US$8.6 million, and a working capital deficiency of US$6.9 million. These figures compare
to total assets of US$15.2 million, total liabilities of $9.1 million and working capital of US$2.3 million at June 30, 2016. This
change in working capital is the result of two primary factors: Our continued work towards completion of the Feasibility Study
primarily related to engineering and metallurgical development, and the transfer of the Lind Convertible Security from a long-term
liability to a current liability based on maturity date. Following the execution of the Lind Convertible Security Agreement in
December 2015, US$1.4 million of the Convertible Security has been converted into NioCorp equity, thereby reducing the outstanding
liability. Additional components of this Convertible Security may be converted into equity at the discretion of the debt holder,
however, there is no obligation that the debt holder convert any additional portion of the debt prior to the expiration of the
Convertible Security.</P>

<P STYLE="font: 10pt Cambria, Times, Serif; margin-right: 0; margin-left: 0">Details of the Company&rsquo;s fiscal second quarter
2017 results can be found in Form 10-Q, filed today with the U. S. Securities and Exchange Commission (&ldquo;<B>SEC</B>&rdquo;)
(http://www.sec.gov), on SEDAR (http://www.sedar.com) and on NioCorp&rsquo;s website (http://www.niocorp.com).</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left">On Behalf of the Company:</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left">&ldquo;<I>Neal S. Shah</I>&rdquo;<BR>
<BR>
Neal S. Shah<BR>
Chief Financial Officer</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: center"># # #</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: center"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Cambria, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 80%">NioCorp Reports Highlights of Fiscal 2<SUP>nd</SUP> Quarter Fiscal 2017 Financial Results</TD>
    <TD STYLE="width: 20%; text-align: right; vertical-align: middle">Page 2</TD></TR>


</TABLE>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0 0.25in 0 0; text-align: left; color: #333333">Source: NioCorp Developments,
Ltd.<BR>
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: left"><B>For More Information</B></P>

<P STYLE="font: 10pt Cambria, Times, Serif; margin: 0 0.25in 0 0">Contact Jim Sims, VP of External Affairs, NioCorp Developments,
Ltd., 720-639-4650, jim.sims@niocorp.com</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0 0.25in 0 0; text-align: left"><B>About NioCorp</B></P>

<P STYLE="font: 10pt Cambria, Times, Serif; margin: 0 0.25in 0 0">NioCorp is developing the Elk Creek Niobium / Scandium / Titanium
project in Southeast Nebraska. Niobium is used to produce High Strength, Low Alloy (&quot;HSLA&quot;) steel, which is a lighter,
stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make an alloy
with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells.
Titanium is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and
medical implants.<BR>
<BR>
</P>

<P STYLE="font: 10pt/normal Cambria, Times, Serif; margin: 0 0 6pt; text-align: left"><B>Cautionary Note Regarding Forward-Looking
Statements </B></P>

<P STYLE="font: 10pt Cambria, Times, Serif; margin: 0 0.25in 0 0">Certain statements contained in this document may constitute
forward-looking statements, including but not limited to, statements regarding the anticipated filing date of the Form 10-Q and
the accompanying financial statements for the quarterly period ended December 31, 2016 and statements regarding exploration and
development of the Company&rsquo;s Elk Creek project, statements regarding any capital raising activities including any proposed
equity or debt financings and the timing of such capital raising activities. Such forward-looking statements are based upon NioCorp&rsquo;s
reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and
competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be
materially different from those estimated or anticipated future results, achievements or position expressed or implied by those
forward-looking statements. Risks, uncertainties and other factors that could cause NioCorp&rsquo;s plans or prospects to change
include changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in
the securities markets; legislative, political or economic developments; the need to obtain permits and comply with laws and regulations
and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may
not realize the perceived potential of NioCorp&rsquo;s projects; risks of accidents, equipment breakdowns and labor disputes or
other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs;
operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of
mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; risks involved
in the exploration, development and mining business and the risks set forth under the heading &ldquo;Risk Factors&rdquo; in the
Company&rsquo;s S-1 registration statement and other filings with the SEC at www.sec.gov. NioCorp disclaims any intention or obligation
to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.</P>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
