# EDGAR Filing Document

**Accession Number:** 0001512228
**File Stem:** 0001539497-26-000076
**Filing Date:** 2026-1
**Character Count:** 11183
**Document Hash:** 6d3ad2fab5eb3835320cb51f56f30900
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-26-000076.hdr.sgml**: 20260120

**ACCESSION NUMBER**: 0001539497-26-000076

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20260120

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260120

**DATE AS OF CHANGE**: 20260120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NIOCORP DEVELOPMENTS LTD
- **CENTRAL INDEX KEY:** 0001512228
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41655
- **FILM NUMBER:** 26541038

**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

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549** 

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

**Date of Report (Date of earliest event reported): January 20, 2026**

**NioCorp Developments Ltd.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**British Columbia, Canada**<br> (State or other jurisdiction<br> of incorporation) | &nbsp;&nbsp;**001-41655**<br> (Commission File Number) | &nbsp;&nbsp;**98-1262185**<br> (IRS Employer<br> Identification No.) |

---

**7000 South Yosemite Street, Suite 115**

 **Centennial, Colorado 80112**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **(720) 334-7066**

(Former name or former address, if changed since last report)

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading <br> Symbol(s) | &nbsp;&nbsp;Name of each exchange on which <br> registered |
| &nbsp;&nbsp;Common Shares, without par value | &nbsp;&nbsp;NB | &nbsp;&nbsp;The Nasdaq Stock Market LLC |
| &nbsp;&nbsp;Warrants, each exercisable for 1.11829212 Common Shares | &nbsp;&nbsp;NIOBW | &nbsp;&nbsp;The Nasdaq Stock Market LLC |
| &nbsp;&nbsp;Common Share Purchase Rights | &nbsp;&nbsp;N/A | &nbsp;&nbsp;The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 8.01 Other Events.**

NioCorp Developments Ltd. is filing herewith the following exhibits to its Registration Statement on Form S-3 (File No. 333-290837):

&nbsp;&nbsp;&nbsp;&nbsp;1. Standby Equity Purchase Agreement, dated as of January 26, 2023, by and between NioCorp Developments Ltd. and YA II PN, Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;2. Amendment #1 to Standby Equity Purchase Agreement, dated as of May 3, 2024, by and between NioCorp Developments Ltd. and YA II PN,
Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;3. Opinion and Consent of Blake, Cassels & Graydon LLP.

**Item 9.01 Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.

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| | |
|:---|:---|
| &nbsp;&nbsp; **Exhibit No.** | &nbsp;&nbsp; **Description** |
| &nbsp;&nbsp;1.1 | [Standby Equity Purchase Agreement, dated as of January 26, 2023, by and between NioCorp Developments Ltd. and YA II PN, Ltd. (previously filed as an exhibit to the Company's Current Report on Form 8-K (File No. 000-55710) filed with the SEC on January 27, 2023 and incorporated herein by reference)](https://www.sec.gov/Archives/edgar/data/1512228/000153949723000085/n2574_x77exh10-1.htm) |
| &nbsp;&nbsp;1.2 | [Amendment #1 to Standby Equity Purchase Agreement, dated as of May 3, 2024, by and between NioCorp Developments Ltd. and YA II PN, Ltd. (previously filed as an exhibit to the Company's Current Report on Form 8-K (File No. 001-41655) filed with the SEC on May 3, 2024 and incorporated herein by reference)](https://www.sec.gov/Archives/edgar/data/1512228/000153949724000948/exh10-1.htm) |
| &nbsp;&nbsp;5.1 | [Opinion of Blake, Cassels & Graydon LLP](n2574_x306exh5-1.htm) |
| &nbsp;&nbsp;23.1 | [Consent of Blake, Cassels & Graydon LLP (included in Exhibit 5.1)](n2574_x306exh5-1.htm) |
| &nbsp;&nbsp;104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

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.

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| | | |
|:---|:---|:---|
|  | **NIOCORP DEVELOPMENTS LTD.** | **NIOCORP DEVELOPMENTS LTD.** |
| DATE: January 20, 2026 | By: | /s/ Neal S. Shah |
|  |  | Neal S. Shah <br> Chief Financial Officer  |

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## Exhibit 5.1

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|:---|:---|
| ![](img_001.jpg) | &nbsp;&nbsp;![](img_002.jpg) |

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| | |
|:---|:---|
| &nbsp;&nbsp;January 20**,** 2026 | &nbsp;&nbsp;**Exhibit 5.1** |
| &nbsp;&nbsp; NioCorp Developments Ltd.<br> 7000 South Yosemite Street, Suite 115<br> Centennial, CO<br> 80112 |  |

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**RE: Registration of 4,250,000 Common Shares of NioCorp Developments Ltd.**

Dear Sirs/Mesdames:

We have acted as Canadian counsel to NioCorp Developments Ltd., a corporation incorporated under the laws of British Columbia (the "**Company**"), in connection with the registration pursuant to the Company's effective shelf registration statement on Form S-3, filed with the Securities and Exchange Commission (the "**Commission**") on October 10, 2025 (Registration No. 333-290837) (the "**Registration Statement**") that has become effective pursuant to Rule 462(e) of the Securities Act of 1933, as amended (the "**Act**") of the resale or other distribution from time to time by YA II PN, Ltd. ("**YA PN**") of up to 4,250,000 common shares in the capital of the Company (the "**Common Shares**") which may be issued to YA PN pursuant to a standby equity purchase agreement dated January 26, 2023 between the Company and YA PN, as amended, (the "**Standby Equity Purchase Agreement**").

In connection with this opinion, we have examined the Registration Statement (including exhibits thereto). We have also examined and considered and relied upon originals or copies certified to our satisfaction of each of the following documents (collectively, the "**Documents**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company's Articles and Notice of Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a certificate of good standing dated January 19, 2026 issued by the British Columbia Registrar of Companies
pursuant to the *Business Corporations Act* (British Columbia) relating to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) records of corporate proceedings of the Company approving the issuance of the Common Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Standby Equity Purchase Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) such other documents, statutes, regulations and public and corporate records as we have deemed appropriate
to give this opinion.

We have relied upon the factual matters contained in the representations and other factual statements of the Company made in the Documents and upon certificates of public officials and the officers of the Company.

In such examination, we have assumed without any independent investigation: (a) the genuineness of all signatures, the legal capacity of natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as duplicates or certified or conformed copies, and the authenticity of the originals of all such latter documents; and (b) that each of the parties (other than the Company) executing any of the Documents has duly and validly executed and delivered each of the Documents to which such party is a signatory, and the obligations of each party (other than the Company) set forth therein are legal, valid and binding and are enforceable in accordance with all stated terms. We have not, however, undertaken any independent investigation as to any factual matter set forth in any of the

![](image_001.jpg)

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|:---|:---|
| ![](img_001.jpg) | Page 2 |

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foregoing and as to questions of fact in respect of the opinions hereinafter expressed, we have relied solely upon the Documents.

On the basis of and subject to the foregoing and the other assumptions and qualifications set forth herein, we are of the opinion that the Common Shares will be, when issued in accordance with the terms of the Standby Equity Purchase Agreement, validly issued, fully paid and non-assessable.

This opinion is limited to the matters stated herein, and no opinions may be implied or inferred beyond the matters expressly stated herein. The opinions expressed herein are as of the date hereof, and we assume no obligation to update or supplement such opinions to reflect any facts or circumstances that may hereafter come to our attention or any changes in law that may hereafter occur.

We do not express any opinion with respect to the laws of any jurisdiction other than British Columbia and the laws of Canada specifically applicable therein.

We hereby consent to the filing of this opinion letter as an exhibit to the Registration Statement and to the reference to Blake, Cassels & Graydon LLP under the caption "Legal Matters" in the prospectus filed as part of the Registration Statement. In giving this consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations of the Commission promulgated thereunder.

Very truly yours,

/s/ Blake, Cassels & Graydon LLP

![](image_001.jpg)