NioCorp Developments Ltd. adopted a new company-wide annual incentive program (AIP) to modernize executive compensation as it advances the Elk Creek Project. The performance-based cash program allows for payouts between 0% and 200% of target based on corporate milestones, safety, and individual objectives. For fiscal 2026, the Board approved AIP payouts for named executive officers, including $602,784 for CEO Mark A. Smith, $378,197 for COO Scott Honan, and $345,621 for CFO Neal S. Shah. These awards are expected to be paid in cash around July 15, 2026. NioCorp Developments Ltd. is a mining company focused on the development of the Elk Creek Project.