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. Q4-2024 Update
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: Investment Highlights
NASDAQ:NB Investment Highlights Mega- Potential pure play exposure to critical mineral mega trends1 Infrastructure Significant, rapidly growing total available markets Unique competitive position with large barriers to entry Defense and Aerospace Key customer relationships and offtake agreements Gov
Slide 5: 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 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 marke
Slide 6: 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 7: 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 8: 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 9: Planned Production
NASDAQ:NB Planned Production1 Critical Minerals Ma gn eti c R a re Ea r th s Ferroniobium Scandium Titanium Dioxide Neodymium- Dysprosium Terbium Oxide (TiCl4)2 Praseodymium Oxide3 Oxide3 7,819 tpy Oxide3 102 tpy 60,067 tpy ~57 tpy ~15 tpy ~649 tpy Small domestic No domestic No domestic No productio
Slide 10: 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 11: 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 12: 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 13: 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 14: Funding to Investigate Recycled Aluminum Casting with Scandium
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 15: 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 16: Appendix
APPENDIX 16
Slide 17: 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 18: 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 19: 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 20: Railveyor System to Potentially Shave ~$189M from Project CAPEX
Railveyor System to Potentially Shave ~$189M from Project CAPEX 1 • Recent study: NioCorp can potentially cut CAPEX by Project Outcomes Summary ~$189M by implementing a twin ramp Railveyor system in lieu of two mining shafts in the mine’s underground Difference with 2022 Shaft 2024 Twin Ramp Item Tw
Slide 21: 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 22: Mining Operations Designed 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 23: 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 24: 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 25: 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 26: Titanium: Tight Global Supply With Rising Demand
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 27: 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 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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 34: 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 35: 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 36: 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 37: 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 38: 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 39: 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 40: 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$/t mined Tonnage Contained Payable Nb Conta
Slide 41: Elk Creek S-K 1300 Mineral Reserve
NASDAQ:NB Elk Creek S-K 1300 Mineral Reserve 1 (not including REE production) (MINERAL RESERVE AS OF June 30, 2022) Parameter Value Unit Underground In Situ Mineral Reserves Estimate for Elk Creek Mining Cost 42.38 US$/t mined Processing 106.70 US$/t mined Nb2O5 TiO2 Sc Tonnage Contained Payable Nb
Slide 42: 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 43: Contact
For More Information NioCorp Jim Sims Chief Communications Officer jim.sims@niocorp.com +1 (720) 334-7066 CONTACT 43