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CENTENNIAL, COLORADO--(Marketwired - Jan 21, 2016) - NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) today announced that the Company granted on January 19, 2016 a total of 5,875,000 incentive stock options, with an exercise price of CDN $0.62 per share, to certain of its employees under its Stock Option Plan. The options are exercisable for a period of 5 years, with 50% vesting 6 months after issuance, a further 25% vesting 12 months after issuance, and the final 25% vesting 18 months after issuance.
Executive Chairman, CEO and Director
Source: NioCorp Developments, Ltd.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek
NioCorp is developing the Elk Creek Niobium / Scandium / Titanium project in Southeast Nebraska. Niobium is used to produce High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make an alloy with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
NioCorp Developments, Ltd.
VP of External Affairs