Item 1.01 Entry into a Material Definitive Agreement.






Smith Extensions

As previously disclosed, NioCorp Developments Ltd. (the "Company") entered into a $2.0 million non-revolving credit facility agreement, dated January 16, 2017 (as amended on March 20, 2017, April 6, 2018, and May 31, 2019, the "Smith Credit Facility"), by and between the Company and Mark A. Smith, the Company's Chief Executive Officer, President, Executive Chairman and Director.

On January 17, 2020, the Company and Mr. Smith entered into an amending agreement to the Smith Credit Facility (the "Smith Credit Facility Amending Agreement"), increasing the limit of the non-revolving credit facility to $2.5 million.

The above description of the Smith Credit Facility Amending Agreement is qualified in its entirety by reference to the Smith Credit Facility Amending Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 1.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


          Off-Balance Sheet Arrangement of a Registrant.

The disclosure regarding the Smith Credit Facility Amending Agreement contained in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits.



Exhibit     Description
10.1          Smith Credit Facility Amending Agreement


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