Slide 1: NioCorp: Critical Minerals for U.S. Supply Chain Security
NIOCORP: CRITICAL MINERALS FOR U.S. SUPPLY CHAIN SECURITY OUR MISSION: To accelerate the transition to a lower carbon economy by serving as a reliable U.S. supplier of sustainably produced critical minerals.
Slide 2: Disclaimers & Technical Disclosures
NASDAQ:NB TSX:NB Disclaimers & Technical Disclosures Forward-Looking Statements This Presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian sec
Slide 3: Disclaimers & Technical Disclosures: Financial Information; Non-GAAP Measures
NASDAQ:NB TSX:NB Disclaimers & Technical Disclosures Financial Information; Non-GAAP Measures Certain financial information and data included in this Presentation is unaudited and may not conform to Regulation S-X. This Presentation also includes certain financial measures not presented in accordanc
Slide 4: Executive Summary: Elk Creek Critical Minerals Project
NASDAQ:NB TSX:NB Executive Summary: Elk Creek Critical Minerals Project Pure-Play Critical Minerals Project Many Addressable High-Growth Markets 1 Underground mine + surface processing facility. Planned products are all US-designated critical minerals: niobium, titanium, 5 These include automotive (
Slide 5: Value Proposition: Transition to Net Zero Driving Demand for Critical Minerals
NASDAQ:NB TSX:NB Value Proposition: Transition to Net Zero Emissions is Driving Demand Growth for the Critical Minerals at the Focus of NioCorp1 Shovel-ready1 pure-play critical minerals project with the highest-grade Niobium resource in North America and the Niobium 2nd largest indicated rare earth
Slide 6: Stellantis and NioCorp Sign Non-Binding Rare Earth Offtake Term Sheet
Stellantis and NioCorp Sign Non-Binding Rare Earth1 Offtake Term Sheet Term Sheet Also Envisions a Possible Strategic Investment by Stellantis in NioCorp's Elk Creek Critical Minerals Project • Working toward a definitive agreement for a 10-year • Final volumes to be determined. offtake contract for
Slide 7: US Export-Import Bank Considering up to $800M in Debt Financing
US Export-Import Bank Considering up to $800M in Debt Financing for NioCorp ü NioCorp’s application has cleared EXIM’s first formal review (TRC-1) ü Independent consultants chosen by EXIM now conducting due diligence reviews ü EXIM / NioCorp continue working to advance process 7
Slide 8: Recent Milestones Achieved
NASDAQ:NB TSX:NB Recent Milestones Achieved Metallurgical testing > 92% rare earth Higher niobium for updated project recovery rates recovery rates 2x titanium recovery feasibility study at achieved at achieved at rates achieved at demonstration-scale demonstration scale demonstration demonstration
Slide 9: Expected Mining Operations Designed with Sustainability in Mind
NASDAQ:NB TSX:NB NioCorp’s Expected Mining Operations Designed from the Start with Sustainability in Mind Fully aligned with Equator Principles, an Recycling of reagents auditable ESG framework Zero process water Avoidance of permanent discharge facility impacts to Federally Jurisdictional Waters Ad
Slide 10: Markets
MARKETS 10
Slide 11: Wider Adoption of Critical Materials is Supply Constrained
Wider Adoption of Critical Materials is Supply Constrained Current Annual Niobium, Scandium, and Magnetic REE Oxide Production1 The Problem Magris Rio Tinto Estonia Russia Resources Lack of secure and reliable long-term supply is 3t – 12t 0.4kt 3t 7 kt preventing fulfilment of latent market demand a
Slide 12: Reliable, Low-Risk U.S. Supply is Key to Securing Energy Transition
NASDAQ:NB TSX:NB Reliable, Low-Risk U.S. Supply is Key to Securing Energy Transition The Elk Creek Project is anticipated to be able to supply some of the world’s largest industries and sustainable technologies with Made-in-USA critical minerals produced in a The Solution low-impact, sustainable man
Slide 13: Niobium: A Critical Supply Risk To The U.S.
NASDAQ:NB TSX:NB NIOBIUM: A Critical Supply Risk To The U.S. Niobium ◉ 88% of the world’s Niobium is produced in only one country1 – Brazil – which increases supply chain risk Global Niobium Demand Drivers and has forced the U.S. Government to stockpile Niobium. ◉ Market growth is expected to rise s
Slide 14: Scandium: Limited Current Supply But Very Large Latent Demand
NASDAQ:NB TSX:NB SCANDIUM: Limited Current Supply But Very Large Latent Demand Scandium ◉ Forecast demand (117 tpy by 2026) greatly exceeds current supply (25 tonnes/year)1 and exceeds Global Scandium Demand Drivers NioCorp’s potential annual scandium production. § Solid oxide fuel cell use of Scand
Slide 15: Titanium: Tight Global Supply With Rising Demand
NASDAQ:NB TSX:NB TITANIUM: Tight Global Supply With Rising Demand + War in Europe Titanium Global Titanium Demand Drivers ◉ Demand for titanium metal is forecast to growth by a Primary Titanium Sponge Production Capacity 6.8% CAGR between 2022 and 2030, driven primarily by increasing demand in defen
Slide 16: Magnetic Rare Earths: Global Demand to Grow 3X by 2035
NASDAQ:NB TSX:NB MAGNETIC RARE EARTHS: Global Demand to Grow 3X by 20351 Magnetic Rare Earth Elements Global Magnetic REE Demand Drivers ◉ NioCorp has signed a non-binding term sheet with Stellantis NV for possible sale of these magnetic rare earth oxides: NdPr, Dy, and Tb.2 ◉ Global magnetic REE ox
Slide 17: U.S. Government: NioCorp's Planned Products Are Critical
NASDAQ:NB TSX:NB U.S. Government: NioCorp’s Planned Products1 Are Critical ◉ All of NioCorp’s planned products have been singled out as “critical minerals” by the U.S. Government. ◉ The products NioCorp intends to focus on – including potentially rare earths2 – include the top 3 most critical minera
Slide 18: Aluminum-Scandium Master Alloy
Aluminum-Scandium Master Alloy 18
Slide 19: The Power of Aluminum-Scandium Master Alloy
NASDAQ:NB TSX:NB The Power of Aluminum-Scandium Master Alloy ◉ No need to quench cast parts ◉ High specific strengthening effect ◉ Inhibition of recrystallization ◉ Grain size refinement ◉ Better fatigue life ◉ Improved resistance to hot cracking and improved corrosion resistance ◉ Enables better pa
Slide 20: Downstream Integration: Aluminum-Scandium Master Alloy
NASDAQ:NB TSX:NB Downstream Integration: Aluminum-Scandium Master Alloy NioCorp has launched a phased commercialization effort aimed at also producing value-added aluminum-scandium master alloy, which opens up new potential markets for NioCorp’s planned scandium production at the Elk Creek Project.
Slide 21: First Al-Sc Master Alloy Ingots Produced
NASDAQ:NB TSX:NB First Al-Sc Master Alloy Ingots Produced ◉ Successful pilot-scale production of two 1-kg Al-Sc alloy ingots recently at testing facility in Pennsylvania. NioCorp’s Al-Sc Master Alloy pilot-scale testing at ◉ Ingots contain 2% scandium by weight, Creative Engineers in New Freedom, Pe
Slide 22: Scandium Market Development Initiative
NASDAQ:NB TSX:NB Scandium Market Development Initiative ◉ Recently established NioCorp Technologies Ltd in the UK ◉ Effort focused on developing Al-Sc mass market applications for light-weighting and recycling of automotive components ◉ Partnering with a leading UK university to undertake advanced A
Slide 23: Phased Commercialization Deployment Progression
NASDAQ:NB TSX:NB Phased Commercialization Deployment Progression Pilot-Scale Commercial Full-Scale Manufacturing Demonstration Commercialization Goal: production of three 1-kg Scale to production of 10-kg and then to Facility co-located with Elk ingots of 5% wt.% scandium. Work 100-kg ingots. Work t
Slide 24: Industrial Sectors Seeking Greater Access to Scandium Alloys
NASDAQ:NB TSX:NB Industrial Sectors Seeking Greater Access to Scandium Alloys Automotive Commercial Aviation Defense/Space 5G / Communications NioCorp is now working with Commercial airlines intensely DoD interested in aluminum- 5G networks require improved RF automotive manufacturers to interested
Slide 25: The Asset
4 Critical Mineral Security
Slide 26: Critical Minerals in the Elk Creek Resource
NASDAQ:NB TSX:NB Critical Minerals in the Elk Creek Resource1 Critical Minerals Magnetic Rare Earths Scandium Titanium Dioxide Neodymium- Dysprosium Terbium Ferroniobium (or TiCl4)2 Praseodymium Oxide Oxide3 Oxide3 Oxide3 Resource: Resource: Resource: Resource: Resource: 4,221,000 tonnes Resource: 9
Slide 27: Offtake Agreements for Products NioCorp Intends to Produce
NASDAQ:NB TSX:NB Offtake Agreements for Products NioCorp Intends to Produce1 Niobium Scandium Rare Earths5 75% ~12% of NioCorp’s planned Ferroniobium of NioCorp’s planned production already contracted for the first production already contracted 10 years of operation for the first 10 years of operati
Slide 28: World Class Development Partners
NASDAQ:NB TSX:NB World Class Development Partners Surface Processing Facilities EPC Mine Development EPC Geology Mineral Resource Process Development Project Permitting Mineral Reserve NioCorp’s global team includes some of the world’s best in their fields. 28
Slide 29: The Elk Creek Project
——— \= — »/- THE ELK CREEK | tease ‘N i de PROJECT pe —f \ = % ——— ———
Slide 30: Elk Creek Project Location & Layout
NASDAQ:NB TSX:NB Elk Creek Project Location & Layout1 The Elk Creek Project is centered within one 640-acre section of all private land. Highway 62 Substation Salt Pyro Cell 1 W T Acid Hydromet P Tailings 2 Tailings 1 Mineral Pond HCl Processing Dry Highway 50 Pond Fill Tailings 3 Production Waste B
Slide 31: Mineral Reserves and Mineral Resources
NASDAQ:NB TSX:NB Mineral Reserves and Mineral Resources1 Carbonatite Initial Operational Boundary Footprint (~7,800 (640 acres) acres) Mineral Resource and Reserves1 Mineral Cut-off Tonnage Grade Grade Grade Grade Resource NSR (000’s Mt) (Nb2O5%) (TiO2%) (Sc g/t) (TREO%) Highway 62 Classification (U
Slide 32: Key Permits Obtained
NASDAQ:NB TSX:NB Key Permits Obtained The Elk Creek Project has secured key federal, state, and local permits required to proceed to the start of construction once project financing is obtained. ◉ Construction Air Permit secured from the State of Nebraska. ◉ A Special Use Permit secured from Johnson
Slide 33: Strong State & Local Support
NASDAQ:NB TSX:NB Strong State & Local Support The Elk Creek Project is located exclusively on Estimated Economic Benefits and New Tax Revenue 1 private land with extensive nearby infrastructure Generated by the Elk Creek Project 4 (roads, rail, water, and utilities). Direct full-time, permanent jobs
Slide 34: Elk Creek Feasibility Study Highlights
NASDAQ:NB TSX:NB Elk Creek Feasibility Study1 Highlights (not including REE production) $2.8B 29.2% $2.35B 27.6% $403M Pre-Tax NPV Pre-Tax IRR After-Tax NPV After-Tax IRR Averaged Annual EBITDA2 over Run of Mine3 68% $21.9B $10.9B $1.14B 38 Yrs. Averaged Annual Gross Revenue After-Tax Cumulative Tot
Slide 35: Elk Creek Project Expected to Deliver Significant Cash Flow Over 38-Year Life
NASDAQ:NB TSX:NB Elk Creek Project Expected to Deliver Significant Cash Flow Over 38-Year Life Elk Creek Project Metrics Summary1 2022 Elk Creek Feasibility Study Economic Results Elk Creek Project After-Tax Metrics $500 6,000 (not including REE production) (US$ Millions) $400 Pre-Tax Net Present Va
Slide 36: Preliminary Elk Creek Financing Plan
NASDAQ:NB TSX:NB Preliminary Elk Creek Financing Plan Debt (U.S. Export-Import Bank): • EXIM expressed interest in up to $800M ~$800M • Now working with EXIM toward term Debt sheet while DD is underway • Additional commercial bank interest potentially backed by German Gov’t Untied Loan Guarantee. ~$
Slide 37: Management Team
NASDAQ:NB TSX:NB Management Team Mark A. Smith, P.E. Scott Honan, MSc, SME-RM Neal Shah, BSME, MBA Jim Sims Executive Chairman, President and Chief Operating Officer, NioCorp Chief Financial Officer & Chief Communications Chief Executive Officer President, Elk Creek Resources Corp. Corporate Secreta
Slide 38: Board of Directors (slide 1 of 2)
NASDAQ:NB TSX:NB Board of Directors (slide 1 of 2) Mark A. Smith, P.E. Nilsa Guerrero-Mahon Michael J. Morris David C. Beling, P.E. Executive Chairman, Audit Committee Chair Lead Director President and CEO Mr. Smith has over 40 years of experience in operating, A former CFO and Controller for global
Slide 39: Board of Directors (slide 2 of 2)
NASDAQ:NB TSX:NB Board of Directors (slide 2 of 2) Peter Oliver Dean C. Kehler Michael G. Maselli With a background in chemistry, Mr. Oliver began working Mr. Kehler is Managing Partner of Trimaran, which he Mr. Maselli is a Managing Director of Trimaran Fund at Greenbushes, Western Australia, for S
Slide 40: Investment Highlights
NASDAQ:NB TSX:NB Investment Highlights Potential pure play exposure to critical mineral mega trends1 Low Carbon Economy Significant, rapidly growing total available markets Unique competitive position with large barriers to entry Defense and Aerospace Key customer relationships and offtake agreement
Slide 41: Appendix
APPENDIX 41
Slide 42: Elk Creek Project Advancement: Next Steps
NASDAQ:NB TSX:NB Elk Creek Project Advancement: Next Steps1 Various levels of funding can advance the project to create additional value and move the project closer to the commencement of mine and surface construction.2 Examples of Uses of Funds at Various Levels (USD millions) (for illustrative pur
Slide 43: Progression to a Highly De-Risked Critical Minerals Project
NASDAQ:NB TSX:NB Progression to a Highly De-Risked Critical Minerals Project 1986: 2022: Molycorp halts 2021: NioCorp issues exploration and NioCorp updated NI 43-101- The Elk Creek 1970: 1973: calculates an 2014: 2018: acquires key compliant Resource1 Discovery of a Molycorp initial resource; Thyss
Slide 44: Elk Creek S-K 1300 Mineral Resource
NASDAQ:NB TSX:NB Elk Creek S-K 1300 Mineral Resource1 (MINERAL RESOURCE AS OF June 30, 2022) Notes: Elk Creek 2022 In Situ Mineral Resource Estimate (niobium, titanium, and scandium) excluding reserves a. Classification of Mineral Resources in the above tables is in accordance with the S-K 1300 clas
Slide 45: Elk Creek S-K 1300 REE Mineral Resource
NASDAQ:NB TSX:NB Elk Creek S-K 1300 REE Mineral Resource1 (MINERAL RESOURCE AS OF JUNE 30, 2022) Elk Creek 2022 In Situ Mineral Resource Estimate (rare earth oxides) excluding reserves Notes: a. Classification of Mineral Resources in the above tables is in accordance with the S-K 1300 Class NSR Cut-
Slide 46: Elk Creek S-K 1300 Mineral Reserve
NASDAQ:NB TSX:NB Elk Creek S-K 1300 Mineral Reserve1 (not including REE production) (MINERAL RESERVE AS OF May 10, 2022) Parameter Value Unit Underground In Situ Mineral Reserves Estimate for Elk Creek Mining Cost 42.38 US$/t mined Nb2O5 TiO2 Sc Processing 106.70 US$/t mined Tonnage Contained Payabl
Slide 47: Elk Creek S-K 1300 Mineral Reserve
NASDAQ:NB TSX:NB Elk Creek S-K 1300 Mineral Reserve1 (not including REE production) (MINERAL RESERVE AS OF June 30, 2022) Parameter Value Unit Underground In Situ Mineral Reserves Estimate for Elk Creek Mining Cost 42.38 US$/t mined Processing 106.70 US$/t mined Nb2O5 Payable TiO2 Sc Tonnage Contain
Slide 48: Feasibility Study: Indicated Economic Results
NASDAQ:NB TSX:NB Feasibility Study: Indicated Economic Results1 Operating Year 1 2 3 4 5 6 7 8 9 10 20 30 Production Niobium t-Nb 4,960 4,742 4,949 4,903 4,949 4,716 4,715 4,733 4,799 4,672 4,772 4,773 Scandium t-Sc2O3 116 114 113 109 112 109 105 102 101 101 102 107 Titanium t-TiO2 13,063 12,120 12,
Slide 49: Contact
For More Information NioCorp Jim Sims Chief Communications Officer jim.sims@niocorp.com +1 (303) 503-6203 CONTACT 49