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 1, 2020

 

NioCorp Developments Ltd.

(Exact name of registrant as specified in its charter)

 

 

British Columbia, Canada
(State or other jurisdiction
of incorporation)

000-55710
(Commission File Number)

98-1262185
(IRS Employer
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) 639-4647

(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:

Title of each class

Trading Symbol(s)

Name of each exchange on which
registered

Not Applicable

Not Applicable

Not Applicable

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. ☒

 

 

 

 

Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On July 1, 2020, NioCorp Developments Ltd. (“NioCorp” or the “Company”) appointed Scott Honan, age 49, as its Chief Operating Officer (“COO”) effective immediately. Mr. Honan will be entitled to an annual gross salary of $260,000. All other terms of Mr. Honan’s compensation remain the same.

Mr. Honan joined the Company in 2014 as NioCorp’s Vice President of Business Development. In addition to his role as NioCorp’s new COO, Mr. Honan will remain President of Elk Creek Resources Corporation, NioCorp’s operating subsidiary, a role he has held since January 1, 2016.

Prior to joining the Company, Mr. Honan served as General Manager and Environmental Manager at the Mountain Pass, CA rare earth facility and as Vice President of Health, Environment, Safety and Sustainability at Molycorp.

Mr. Honan is a graduate of Queen’s University in Mining Engineering in both Mineral Processing (B.Sc. Honors) and Environmental Management (M.Sc.) disciplines. He is a Registered Member (No. 04231597) of the Society for Mining, Metallurgy & Exploration (SME).

 

 

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.

 

 

NIOCORP DEVELOPMENTS LTD.

 

 

 

DATE: July 2, 2020

By:

/s/ Neal S. Shah

 

 

Neal S. Shah

Chief Financial Officer

 

 

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