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. Q3-2024 Update
Slide 2: Disclaimers & Technical Disclosures
NASDAQ:NB Disclaimers & Technical Disclosures Forward-Looking Statements This Presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Refo rm Act of 1995 and forward-looking information within the meaning of applicable Canadian securitie
Slide 3: Disclaimers & Technical Disclosures: Financial Information; Non-GAAP
NASDAQ: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 accordance with
Slide 4: Executive Summary: Elk Creek Critical Minerals Project
NASDAQ: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, scandium, and 5 These include autom
Slide 5: 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 6: US Export-Import Bank Now Processing Debt Financing Application
NASDAQ:NB US Export-Import Bank Now Processing Debt Financing 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 and preliminary indicative term sheet to NioCorp. ✓ Independent consultants cho
Slide 7: 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 8: 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 singled out as “critical minerals” by the U.S. Government. What The Elk Creek Project Delivers to America ◉ The products NioCorp intends to focus on – including potentially rare earths2 – includ
Slide 9: 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 10: Expected 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 11: 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 12: Markets
TS i ee RKETS _ ) Jaa
Slide 13: 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 Lack of secure and reliable long-term supply is preventing Resources 3t – 12t 0.4kt 3t 7 kt fulfilment of latent marke
Slide 14: 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 The Solution manner. El
Slide 15: 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 16: 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 17: 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 18: 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 19: The Asset
Critical Mineral Security
Slide 20: 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 21: The Elk Creek Project
THE ELK CREEK PROJECT 21
Slide 22: 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 23: 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 24: 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 25: 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 26: 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 27: 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 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 (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 (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: Investment Highlights
NASDAQ: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 agreements Mega-
Slide 32: Aluminum-Scandium Master Alloy
Aluminum-Scandium Master Alloy 32
Slide 33: 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 34: 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 35: 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 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: Appendix
APPENDIX 37
Slide 38: Elk Creek Project Advancement: Next Steps
NASDAQ: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 purposes
Slide 39: 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 40: 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 41: 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 42: 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$/t mined Tonnage Contained Payable Nb Conta
Slide 43: Elk Creek S-K 1300 Mineral Reserve
NASDAQ:NB Elk Creek S-K 1300 Mineral Reserve 1 (not including REE production) (MINERAL RESERVE AS OF June 30, 2022) Parameter Value Unit Underground In Situ Mineral Reserves Estimate for Elk Creek Mining Cost 42.38 US$/t mined Processing 106.70 US$/t mined Nb2O5 TiO2 Sc Tonnage Contained Payable Nb
Slide 44: 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 45: Contact
For More Information NioCorp Jim Sims Chief Communications Officer jim.sims@niocorp.com +1 (720) 334-7066 CONTACT 45