---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-24-001909"
form_type: "8-K"
ticker: "NB"
cik: "0001512228"
company_name: "NIOCORP DEVELOPMENTS LTD"
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:25:55.050645+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001539497-24-001909
- form_type: 8-K
- ticker: NB
- cik: 0001512228
- company_name: NIOCORP DEVELOPMENTS LTD
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512228/000153949724001909/0001539497-24-001909-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512228/000153949724001909/n2574_x218-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-24-001909
- JSON: https://secwatch.observer/filing/0001539497-24-001909.json
- Plain text: https://secwatch.observer/filing/0001539497-24-001909.txt

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