---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-23-000359"
form_type: "8-K"
ticker: "NB"
cik: "0001512228"
company_name: "NIOCORP DEVELOPMENTS LTD"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T21:54:25.884934+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# NioCorp increases credit facility from CEO Mark Smith to $4.0 million

## Summary
- Increase of $500,000 to existing non-revolving credit facility with CEO Mark Smith.
- Amendment effective February 28, 2023; total principal not to exceed $4,000,000.
- Facility originally dated Jan 16, 2017, previously amended nine times.
- Related-party transaction: Lender is CEO/President/Executive Chairman Mark Smith.

## SEC filing metadata
- accession: 0001539497-23-000359
- form_type: 8-K
- ticker: NB
- cik: 0001512228
- company_name: NIOCORP DEVELOPMENTS LTD
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512228/000153949723000359/0001539497-23-000359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512228/000153949723000359/n2574_8k-x94.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-23-000359
- JSON: https://secwatch.observer/filing/0001539497-23-000359.json
- Plain text: https://secwatch.observer/filing/0001539497-23-000359.txt

## Key facts
- Debt Financings
  NIOCORP DEVELOPMENTS LTD amended credit facility of $4.0 million with Mark A. Smith.
  - Instrument: credit facility
  - Principal: $4.0 million
  - Counterparty: Mark A. Smith
  - Event: amendment
  source text: On February 28, 2023, the Company and Mr. Smith entered into an amending agreement to the Smith Credit Facility (the “Smith Credit Facility Extension Agreement”), increasing the size of the facility to $4.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512228/000153949723000359/0001539497-23-000359-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.