NioCorp secures up to $2M loan from CEO Mark Smith at 10% interest, secured by all assets

NIOCORP DEVELOPMENTS LTD

CEO Mark Smith provides non-revolving credit facility of up to $2M; initial drawdown of $33,000 on Sept 11, 2024.
Interest rate 10% per annum, computed on 360-day year; maturity date June 30, 2025.
Loan secured by all company assets under general security agreement; establishment fee 2.5% per drawdown, early payment fee 2.5%.
Related-party transaction approved by Audit Committee and disinterested directors.

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