NioCorp Developments Ltd. Grants Incentive Stock Options
January 21, 2016 (Source) — NioCorp Developments Ltd. (“NioCorp” or the “Company“) (TSX:NB)(OTCQX:NIOBF)(FRANKFURT:BR3) today announced that the Company granted on January 19, 2016 a total of 5,875,000 incentive stock options, with an exercise price of CDN $0.62 per share, to certain of its employees under its Stock Option Plan. The options are exercisable for a period of 5 years, with 50% vesting 6 months after issuance, a further 25% vesting 12 months after issuance, and the final 25% vesting 18 months after issuance.
Executive Chairman, CEO and Director
Source: NioCorp Developments, Ltd.
@NioCorp $NB $NIOBF #Niobium #Scandium #ElkCreek
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NioCorp is developing the Elk Creek Niobium / Scandium / Titanium project in Southeast Nebraska. Niobium is used to produce High Strength, Low Alloy (“HSLA”) steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make an alloy with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants.
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