NioCorp Adopts New Annual Incentive Program; Approves FY26 Awards

NioCorp Developments Ltd.'s Board of Directors adopted a new Company-wide Annual Incentive Program (AIP) on July 2, 2026, to formalize and modernize its executive officer pay program. The AIP is a performance-based annual cash incentive program for substantially all full-time employees, including named executive officers, aiming to attract, motivate, and retain talent while aligning interests with shareholders. The Compensation Committee also approved fiscal 2026 AIP award payouts, which included $602,784 for CEO Mark A. Smith, $345,621 for CFO Neal S. Shah, and $378,197 for COO Scott Honan. These payouts represent the first awards under the formalized incentive program.