Slide 1: Bringing Home Critical Minerals Supply Chains
BRINGING HOME CRITICAL MINERALS SUPPLY CHAINS The F-35 Lightning II aircraft utilizes all of the critical minerals NioCorp plans to produce in America’s heartland.
Slide 2: Disclaimers & Technical Disclosures: Forward-Looking Statements
NASDAQ:NB Disclaimers & Technical Disclosures Forward-Looking Statements This Presentation of NioCorp Developments Ltd. (“NioCorp”) contains forward -looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward -looking information within th
Slide 3: Disclaimers & Technical Disclosures: Financial Information
NASDAQ:NB Disclaimers & Technical Disclosures Financial Information Certain financial information and data included in this Presentation is unaudited and may not conform to Regulation S-X. This Presentation may contain financial forecasts and projections (collectively, “prospective financial informa
Slide 4: NioCorp: At-a-Glance
NioCorp: At-a-Glance Colorado-based company pursuing financing to start construction of a construction-permitted $1.14B underground mine & surface processing facility for U.S. Government-designated critical minerals: niobium, titanium, scandium, and magnetic rare earth oxides (NdPr, Dy, Tb).1 Unique
Slide 5: Why We Are Unique Among Critical Minerals Projects
NASDAQ:NB Why We Are Unique Among Critical Minerals Projects 1 Strong Cash Position1 5 Enforceable Offtake Agreements Highly Sought HREE Products Strong Bipartisan Political Support 2 6 With Pentagon Funding Expected2 Now Constricted by China One of the Few Teams in U.S. Entire Product Suite Has Hig
Slide 6: Wider Adoption of Critical Materials is Supply Constrained
NASDAQ:NB Wider Adoption of Critical Materials is Supply Constrained Current Annual Niobium, Scandium, and Magnetic REE Oxide Production 1 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 mark
Slide 7: Reliable, Low-Risk U.S. Supply is Key to Securing Energy Transition
NASDAQ: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 low-impact, sustainable manner.1 The Solution E
Slide 8: US Export-Import Bank Now Processing Debt Financing Application of up to $800M
NASDAQ:NB US Export-Import Bank Now Processing Debt Financing 1 Application of up to $800M for NioCorp ✓ NioCorp’s application has cleared EXIM’s first formal review (TRC-1) ✓ EXIM has provided a Preliminary Project Letter (the “PPL”) and preliminary indicative term sheet to NioCorp ✓ Ongoing work i
Slide 9: Stellantis and NioCorp Sign Non-Binding Rare Earth Offtake Term Sheet
1 Stellantis and NioCorp Sign Non-Binding Rare Earth 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 fo
Slide 10: Critical Minerals in the Elk Creek Resource
NASDAQ:NB Critical Minerals in the Elk Creek Resource1 Critical Minerals Ma gn eti c R a re Ea r th s Scandium Titanium Dioxide Neodymium- Dysprosium Terbium Ferroniobium (or TiCl4)2 Praseodymium Oxide Oxide3 Oxide3 Oxide3 Resource: Resource: Resource: 4,221,000 Resource: Resource: tonnes Resource:
Slide 11: Offtake Agreements for Products NioCorp Intends to Produce
NASDAQ:NB Offtake Agreements for Products NioCorp Intends to Produce 1 Niobium Scandium Titanium Rare Earths5 75% ~12% of NioCorp’s planned of NioCorp’s planned Ferroniobium production production already already contracted for the contracted for the first 10 years of operation first 10 years of oper
Slide 12: Elk Creek Feasibility Study Highlights
NASDAQ: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 Total Net
Slide 13: Continuous Improvement: Prospective Project Advancements
NASDAQ:NB Continuous Improvement: Prospective Project Advancements 2022 Feasibility Study Prospective Project Advancements1 Re-designed to make 6 high-value products: Nb, Process flowsheet designed to make 3 Sc, Ti & REE magnetic oxides (NdPr, Dy, Tb) products: Niobium, Scandium & Titanium New flows
Slide 14: Successful Testing of NdFeB Magnet Recycling
Successful Testing of NdFeB Magnet Recycling • Recent bench-scale testing was successful in showing our planned hydromet process flow sheet can extract REEs from post-consumer NdFeB magnets. • Recycling NdFeB magnets can increase the Project’s production of separated REE oxides, including HREEs, bey
Slide 15: Automotive Consortium Wins UK Gov't Funding to Investigate Recycled Aluminum
Automotive Consortium Wins UK Gov’t Funding to Investigate Recycled Aluminum Casting with Scandium • Project PIVOT (“Performance Integrated Vehicle Optimization Technology”), includes such companies as Aston Martin, Sarginsons, NioCorp, Altair, GESCRAP, Brunel University London and others. Steering
Slide 16: The Strategic Imperative of the Elk Creek Project
NASDAQ:NB The Strategic Imperative of the Elk Creek Project ◉ All of NioCorp’s planned products have been designated as “critical minerals” by the U.S. Government.1 What The Elk Creek Project Delivers to America1 ◉ The products NioCorp intends to focus on – including potentially rare earths2 – inclu
Slide 17: Appendix
APPENDIX 17
Slide 18: Elk Creek Project Location & Layout
NASDAQ: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 Backfill
Slide 19: Mineral Reserves and Mineral Resources
NASDAQ: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 (US$/t) I
Slide 20: Key Permits Obtained
NASDAQ: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 County
Slide 21: Railveyor System To Potentially Shave ~$189M from Project Initial CAPEX
Railveyor System To Potentially Shave ~$189M from Project Initial CAPEX • Recent study1: NioCorp can potentially cut initial CAPEX Project Outcomes Summary by ~$189M by implementing a twin ramp Railveyor system in lieu of two mining shafts in the mine’s Difference with 2022 Shaft 2024 Twin Ramp Item
Slide 22: Strong State & Local Support
NASDAQ:NB Strong State & Local Support The Elk Creek Project is located exclusively on private Estimated Economic Benefits and New Tax Revenue 1 land with extensive nearby infrastructure (roads, rail, Generated by the Elk Creek Project 4 water, and utilities). Direct full-time, permanent jobs create
Slide 23: Expected Mining Operations Designed from the Start with Sustainability in Mind
NASDAQ:NB NioCorp’s Expected Mining Operations Designed from the Start with Sustainability in Mind Underground mining operations to Recycling of reagents be electrified, avoiding emissions Fully aligned with Equator Avoidance of permanent Principles, an auditable ESG impacts to Federally framework J
Slide 24: Elk Creek Project Expected to Deliver Significant Cash Flow Over 38-Year Life
NASDAQ: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 Value (NP
Slide 25: Niobium: A Critical Supply Risk To The U.S.
NASDAQ: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 and has Global Niobium Demand Drivers forced the U.S. Government to stockpile Niobium. ◉ Market growth is expected to rise sharply
Slide 26: Scandium: Limited Current Supply But Very Large Latent Demand
NASDAQ:NB SCANDIUM: Limited Current Supply But Very Large Latent Demand Scandium ◉ Forecast demand (117 tonnes/year 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 Scan
Slide 27: Titanium: Tight Global Supply With Rising Demand + War in Europe
NASDAQ: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 6.8% Primary Titanium Sponge Production Capacity CAGR between 2022 and 2030, driven primarily by increasing demand in defense and
Slide 28: Magnetic Rare Earths: Global Demand to Grow 3X by 2035
NASDAQ: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 oxide con
Slide 29: Management Team
NASDAQ: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 Secretary Offi
Slide 30: Board of Directors (slide 1 of 2)
NASDAQ: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, developing, A former CFO and Controller for g
Slide 31: Board of Directors (slide 2 of 2)
NASDAQ: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 at Mr. Kehler is Managing Partner of Trimaran Capital Mr. Maselli joined the NioCorp board in 2023 and has Greenbushes, Western Australia, for Sons of G
Slide 32: The Power of Aluminum-Scandium Master Alloy
NASDAQ: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 parts rec
Slide 33: Downstream Integration: Aluminum-Scandium Master Alloy
NASDAQ: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. NioCor
Slide 34: Scandium Market Development Initiative
NASDAQ: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 Al-Sc re
Slide 35: Project PIVOT
NASDAQ:NB Project PIVOT Project PIVOT “Performance Integrated Vehicle Optimization Technology” Three objectives: 1. Digital Twin & Advanced Simulation in Casting Development 2. Secondary Al Alloy Use in Automotive Chassis Castings (Sc) 3. UK hub for industrialized casting design and development Proj
Slide 36: New Value Chain for End-of-Life Recycling
New Value Chain for End-of-Life Recycling Current State Dismantling Shredding Disposal or low-grade reuse After Project PIVOT Scandium High-grade, Dismantling Dismantling Remelting high- stronger Aluminum graded material • Greater use of high-strength (and recycled) aluminum to lightweight vehicles
Slide 37: Industrial Sectors Seeking Greater Access to Scandium Alloys
NASDAQ:NB Industrial Sectors Seeking Greater Access to Scandium Alloys Automotive Commercial Aviation Defense/Space 5G / Communications NioCorp is now working with Commercial airlines intensely interested DoD interested in aluminum-scandium 5G networks require improved RF automotive manufacturers to
Slide 38: Progression to a Highly De-Risked Critical Minerals Project
NASDAQ: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 technical Resource1 Discovery of a Molycorp initial resource; Th
Slide 39: Elk Creek S-K 1300 Mineral Resource
NASDAQ: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 classificat
Slide 40: Elk Creek S-K 1300 REE Mineral Resource
NASDAQ: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 Class NSR Cut-off Tonnage
Slide 41: Elk Creek S-K 1300 Mineral Reserve
NASDAQ: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 Processing 106.70 US$/t mined Tonnage Contained Payable Nb Conta
Slide 42: Elk Creek S-K 1300 Mineral Reserve
NASDAQ:NB Elk Creek S-K 1300 Mineral Reserve 1 (not including REE production) (MINERAL RESERVE AS OF June 30, 2022) Parameter Value Unit Underground In Situ Mineral Reserves Estimate for Elk Creek Mining Cost 42.38 US$/t mined Processing 106.70 US$/t mined Nb2O5 TiO2 Sc Tonnage Contained Payable Nb
Slide 43: Feasibility Study: Indicated Economic Results
NASDAQ: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 12,747 12,
Slide 44: Contact
For More Information NioCorp Jim Sims Chief Communications Officer jim.sims@niocorp.com +1 (720) 334-7066 CONTACT 44