NioCorp Adopts New Annual Incentive Plan, Awards Fiscal 2026 Executive Bonuses

NioCorp Developments Ltd. announced the adoption of a new company-wide Annual Incentive Program (AIP) to formalize its performance-based cash bonus structure. The move is intended to align employee and management compensation with corporate goals as the company works to finance and develop its Elk Creek Project. The Board also approved the first award payouts under the new program for the fiscal year ended June 30, 2026.

Key Details

• Program Structure: The AIP establishes target annual cash bonuses based on a percentage of base salary, with payouts ranging from 0% to 200% of target based on corporate milestones, safety, and individual performance.
• Fiscal 2026 Executive Payouts: Awards approved for the fiscal year ended June 30, 2026, include: CEO Mark A. Smith ($602,784), CFO Neal S. Shah ($345,621), and COO Scott Honan ($378,197).
• Payment & Timing: The approved cash bonuses are scheduled to be paid on or about July 15, 2026. No cash bonuses were awarded to named executive officers for the prior fiscal year (2025).