NioCorp Developments (NASDAQ:NB) (TSX:NB) is pleased to announce that it is set to join the broad-market Russell 3000 Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26.
NioCorp has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC on May 24, 2023, indicating that, because the Company has not filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023 within the prescribed time period, the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250(c)(1).
NioCorp announces that its principal Canadian regulator, the Ontario Securities Commission, has approved an extension to file the Company’s third quarter financial statements for the period ended March 31, 2023, the related management’s discussion and analysis, and the CEO and CFO certifications relating to the third quarter financial statements through to May 23, 2023.
NioCorp announced today that Fernanda Reda Fenga Viana Klamas has resigned from the NioCorp Board of Directors because of an inability to commit the necessary time to serving on the Board.
NioCorp announced today that it anticipates a delay in filing its quarterly financial statements for the three and nine months ended March 31, 2023 before the May 15, 2023 deadline.
NioCorp (Nasdaq: NB; TSX: NB) has closed its previously announced registered direct offering of an aggregate of 314,465 common shares for aggregate gross proceeds to the Company of approximately US$2.0 million, before deducting Offering expenses payable by the Company.