NioCorp Developments Ltd

NioCorp Developments Ltd. is developing the Elk Creek Critical Minerals Project, which is North America’s only niobium, scandium, titanium and rare earths project in Nebraska. The project is fully permitted to start construction, is situated in a business friendly jurisdiction and enjoys exceptional strong community support. The company is pursuing project-level financing through a loan from the US Export Import Bank under the "Make More in American" initiative and is seeking equity investors in parallel to advance the project to construction start. The company has no debt and has raised $200M in 2025.

Management Profile

Mark Smith, Chairman & CEO

Mr. Smith joined NioCorp as CEO and Chairman in 2013. He has 40+ years of experience in the mining and mineral processing industries. Formerly, he was President, CEO & Director of Molycorp; CEO and Director of Largo Resources; CEO and President of Chevron Mining; and Director of Companhia Brasileira de Metalurgia e Mineracao Ltd. (“CBMM”), the largest niobium producer in the world. He has led efforts that raised more than $3 billion for previous mining and manufacturing projects. Mr. Smith also serves as CEO and Chairman of IBC Advanced Alloys and US Vanadium LLC. He holds a B.Sc. degree in engineering from Colorado State University and a J.D. (cum laude) from Western State University, College of Law.

Scott Honan, Chief Operating Officer of NioCorp & President of Elk Creek Resources Corp.

Mr. Honan joined NioCorp in 2014. He has 32+ years of experience in the niobium, base metals, gold and rare earth industries. He served as General Manager and Environmental Manager and Vice President Health, Environment, Safety and Sustainability at Molycorp. Scott is a graduate of Queen’s University in Mining Engineering in both Mineral Processing (B.Sc. Honors) and Environmental Management (M.Sc.) disciplines. He is a registered member (No. 04231597) of the Society for Mining, Metallurgy & Exploration (SME).

What is your rationale for taking part in 121 Mining Investment?

We are seeking to connect with investors.

What recent news would you like to highlight to investors attending?

• October 1, 2025 - NioCorp’s Critical Minerals Project Continues to Advance in the U.S. Export-Import Bank Process
• September 29, 2025 - NioCorp Announces Closing of $60.0 Million Public Offering of Common Shares
• September 8, 2024 - NioCorp Completes Pentagon-Funded Drilling Campaign at Elk Creek Critical Minerals Project

What are your key goals for the next 3, 6 and 12 months?

3 Months

Complete equity financing adequate facilitate negotiation of a long-form term sheet with the US Export Import Bank loan

6 Months

Complete EXIM due diligence process for $800M loan

12 Months

Initiate construction of the Elk Creek project in Nebraska

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Completing field and technical work expeditiously to complete the US Export Import Bank loan process. NioCorp has funding to do this and is pushing EXIM to go as fast as possible.

What do you think makes your company such a compelling investment?

The Elk Creek project has been substantially de-risked. Over $100M has been invested to date to advance the project to Feasibility level and permits are in hand to start construction. A demonstration plant was successfully completed in 2024 to de-risk the production process and ensure a quick ramp-up. The management team is experienced with large project construction and financing.

What are the top 3 key investor takeaways?

1. Compelling Economics

2. Shovel Ready

3. Project level debt financing secured through US Export Import Bank loan