NioCorp appoints David Hamm as general counsel

CENTENNIAL, CO - NioCorp Developments Ltd. (NASDAQ:NB), a critical minerals company with a market capitalization of $1.6 billion, announced Monday the appointment of David Hamm as its new General Counsel, bringing over 15 years of legal experience to the critical minerals company.

Hamm previously served as Senior Vice President, Deputy General Counsel, and Assistant Secretary at Summit Materials Inc., where he managed board support, SEC filings, disclosure matters, mergers and acquisitions, and compliance programs. His prior experience includes roles at Lumen Technologies Inc. and several U.S. law firms, focusing on corporate governance, securities regulation, and complex transactions. According to InvestingPro data, NioCorp has demonstrated strong momentum with a 153% return over the past year, though the company is currently not profitable.

"David brings a wealth of public-company experience that will help NioCorp meet the highest standards of governance, disclosure, and commercial operations," said Mark A. Smith, NioCorp CEO and Executive Chairman, according to the company’s statement. The company maintains a healthy financial position with moderate debt levels and sufficient liquid assets to cover short-term obligations.

Hamm holds a Master of Laws in Securities and Financial Regulation from Georgetown University Law Center and a Juris Doctor from Louisiana State University’s Paul M. Hebert Law Center.

NioCorp is developing the Elk Creek Project in Southeast Nebraska, which is expected to produce niobium, scandium, and titanium. The company is also evaluating the potential to produce rare earth elements from the project.

The information in this article is based on a press release issued by NioCorp Developments Ltd.

In other recent news, NioCorp Developments Ltd. has made significant strides in advancing its Elk Creek Project. The company completed the acquisition of land parcels in Nebraska, totaling approximately 325.77 acres, for $11.3 million. This purchase secures all necessary surface and mineral rights for the project’s development. Additionally, NioCorp has closed a $60 million public offering, with Maxim Group LLC as the sole placement agent, to further fund the project. The offering included 9,760,000 common shares or pre-funded warrants priced at $6.15 per share.

In a related development, NioCorp is progressing in its pursuit of up to $800 million in financing from the Export-Import Bank of the United States. The company has engaged SLR Consulting to conduct an independent environmental and social review as part of the due diligence process. These steps are crucial for the potential financing needed to advance the Elk Creek Project in Nebraska.

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