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
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 securities laws. For
Slide 3: Disclaimers & Technical Disclosures: Financial Information; Non-GAAP Measures
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 generally
Slide 4: Executive Summary: Elk Creek Critical Minerals Project
Executive Summary: Elk Creek Critical Minerals Project Pure-Play Critical Minerals Project Key Permits in Hand for Construction 1 NioCorp has demonstrated the ability to make several 4 NioCorp has secured key federal, state, and local US-designated critical minerals from its ore: niobium, government
Slide 5: Value Proposition: Transition to Net Zero Emissions Driving Demand Growth
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 resource in the
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 March 2023: EXIM sends NioCorp a formal Letter of Interest for up to $800 million in debt financing to the Elk Creek Project June 2023: NioCorp applies to EXIM for financing October 2023: EXIM notifies NioCorp that its appli
Slide 8: Additional Milestones Achieved
Additional Milestones Achieved Launched phased Geotechnical Listing on the commercialization Nasdaq Stock NioCorp added to drilling campaign of Aluminum- recently completed Exchange FTSE / Russell Scandium master (Ticker: NB) Index alloy > 92% rare earth Higher niobium 2x titanium Now producing reco
Slide 9: Expected Mining Operations Designed with Sustainability in Mind
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 Additional protecti
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
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 manner. Electrified
Slide 13: Niobium: A Critical Supply Risk To The U.S.
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 sharply with the e
Slide 14: Scandium: Limited Current Supply But Very Large Latent Demand
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 Scandium (⋍22 tpy) for
Slide 15: Titanium: Tight Global Supply Because of Rising Demand + War in Europe
TITANIUM: Tight Global Supply Because of 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 defense and indu
Slide 16: Magnetic Rare Earths: Global Demand to Grow 3X by 2035
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 consumption v
Slide 17: U.S. Government: The Products NioCorp Intends to Produce Are Critical
U.S. Government: The Products That NioCorp Intends to Produce1 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 miner
Slide 18: Aluminum-Scandium Master Alloy
Aluminum-Scandium Master Alloy 18
Slide 19: The Power of Aluminum-Scandium Master Alloy
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 recycling and
Slide 20: NioCorp's Phased Commercialization of Aluminum-Scandium Master Alloy
NioCorp’s Phased Commercialization of Aluminum-Scandium Master Alloy NioCorp Goal: To produce in the U.S. both scandium oxide and aluminum-scandium master alloy. NioCorp Scandium Sc2O3 AlSc Aluminum Tier 1 & 2 Automotive mining oxide Master Alloy industry manufacturers Manufacturers High margin capt
Slide 21: First Al-Sc Master Alloy Ingots Produced
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, Penn. which is cons
Slide 22: Scandium Market Development Initiative
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 research ◉ W
Slide 23: Phased Commercialization Deployment Progression
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 to be performed at
Slide 24: Industrial Sectors Seeking Greater Access to Scandium Alloys
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 in light-weightin
Slide 25: The Asset
4 Critical Mineral Security
Slide 26: Critical Minerals in the Elk Creek Resource
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: 970,300 tonnes 11,
Slide 27: Offtake Agreements for Products NioCorp Intends to Produce
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 operation ThyssenKrupp M
Slide 28: World Class Development Partners
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 PROJECT 29
Slide 30: Elk Creek Project Location & Layout
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 Vent Ore
Slide 31: Mineral Reserves and Mineral Resources
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) Highway 50
Slide 32: Key Permits Obtained
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, Nebraska
Slide 33: Strong State & Local Support
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 created5 ~450 Th
Slide 34: Elk Creek Feasibility Study Highlights
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 Up- Mine L
Slide 35: Elk Creek Project Expected to Deliver Significant Cash Flow Over 38-Year Life
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 (NPV) (8% dis
Slide 36: Management Team
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 Officer Mr. Sm
Slide 37: Board of Directors (1 of 2)
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 corporations in
Slide 38: Board of Directors (2 of 2)
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 Sons of Gwalia, a
Slide 39: Investment Highlights
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- Governmen
Slide 40: Appendix
APPENDIX 40
Slide 41: Elk Creek Project Advancement: Next Steps
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 only) Uses
Slide 42: Progression to a Highly De-Risked Critical Minerals Project
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; ThyssenKrupp Traxys N.
Slide 43: Elk Creek S-K 1300 Mineral Resource
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 classification system
Slide 44: Elk Creek S-K 1300 REE Mineral Resource
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-off Tonnage (Mt)
Slide 45: Elk Creek S-K 1300 Mineral Reserve
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$/t mined Tonnage Contained Payable Nb Contained Pa
Slide 46: Elk Creek S-K 1300 Mineral Reserve
Elk Creek S-K 1300 Mineral Reserve1 (not including REE production) (MINERAL RESERVE AS OF June 30, 2022) Parameter Value Unit Underground In Situ Mineral Reserves Estimate for Elk Creek Mining Cost 42.38 US$/t mined Processing 106.70 US$/t mined Nb2O5 Payable TiO2 Sc Tonnage Contained Contained Paya
Slide 47: Feasibility Study: Indicated Economic Results
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 12,605 12,606
Slide 48: Contact
For More Information NioCorp Jim Sims Chief Communications Officer jim.sims@niocorp.com +1 (303) 503-6203 CONTACT 48