On July 2, 2026, the board of NioCorp Developments Ltd. ratified a series of compensation changes, adopting a company-wide Annual Incentive Program (AIP) and approving fiscal 2026 cash payouts for named executive officers. CEO Mark A. Smith received $602,784 (payable to 76 Resources, LLC under his consulting agreement), CFO Neal S. Shah received $345,621, and COO Scott Honan received $378,197. The performance-based awards are weighted 45% on corporate milestones for the Elk Creek Project, 45% on individual performance, and 10% on safety metrics. No cash bonuses were paid to executives for fiscal 2025.
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