# EDGAR Filing Document

**Accession Number:** 0001512228
**File Stem:** 0001539497-25-001956
**Filing Date:** 2025-7
**Character Count:** 5649
**Document Hash:** 4dbf615c1e9a426f30237c9277165ee6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001539497-25-001956.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001539497-25-001956

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250722

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250722

**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:** 251141498

**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): July 22, 2025**

------

**NioCorp Developments Ltd.**

(Exact name of registrant as specified in its charter)

------

---

| | | |
|:---|:---|:---|
| &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:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;Name of each exchange on which 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 |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ☐

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. ☐

**Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.**

NioCorp Developments Ltd. (the "Company") is saddened to report that Michael Morris, a member of the Company's Board of Directors (the "Board"), passed away on July 20, 2025. Mr. Morris joined the Company's Board in July 2014 as an independent director. Mr. Morris served as Lead Director, Chair of the Compensation Committee and Nominating and Corporate Governance Committee and was a member of the Audit Committee. The Company is grateful for Mr. Morris' dedication and service to the Company. The Company's management and Board extend their sincerest condolences to Mr. Morris' family.

On July 22, 2025, the Company notified The Nasdaq Stock Market LLC ("Nasdaq") that due to Mr. Morris' death, the Company's Audit Committee has been reduced to two independent directors, and the Company is not compliant with Nasdaq Listing Rule 5605(c)(2)(A), which requires the Audit Committee to be comprised of a minimum of three independent directors. Pursuant to Nasdaq Listing Rule 5605(c)(4)(B), the Company has a cure period to regain compliance until the earlier of the Company's next annual meeting of shareholders and July 20, 2026; provided that if the Company holds its next annual meeting of shareholders no later than January 16, 2026, the Company will instead have until January 16, 2026 to regain compliance.

**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.

Dated: July 22, 2025

---

| | |
|:---|:---|
| NIOCORP DEVELOPMENTS LTD. | NIOCORP DEVELOPMENTS LTD. |
| By: | /s/ Neal S. Shah |
| Name: | Neal S. Shah |
| Title: | Chief Financial Officer |

---