NioCorp Developments

 NioCorp is developing the Elk Creek Critical Minerals Project in southeast Nebraska, a U.S. source of niobium, scandium, titanium, and magnetic rare earth elements. Its 2026 NI 43-101 Feasibility Study defines an eight product operation with a 40-year mine life and a $4.1 billion pre-tax NPV, supplying minerals essential to defense, aerospace, robotics, AI, and energy that the United States largely imports today.

Management Profile:
Scott Honan, Chief Operating Officer - Mr. Honan joined NioCorp in 2014. He has 29+ 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).

Alex Guthrie, Director of Investor Relations

What are your key goals for the next 3 months?:
Continue advancing project financing for the Elk Creek Critical Minerals Project, including supporting EXIM Bank's ongoing due diligence process; progress detailed engineering and EPC contracting following completion of our 2026 Feasibility Study; continue construction of the Elk Creek mine portal; and advance commercial discussions for our planned critical mineral products.

What are your key goals for the next 6 months?:
Continue advancing the Elk Creek Project toward completion of project financing and a final investment decision, while progressing detailed engineering, EPC planning and other construction-readiness activities. We also expect to continue advancing the mine portal, which will provide the primary access to the future underground mine.

What are your key goals for the next 12 months?:
Our principal objective is to secure the financing required to launch formal construction of the Elk Creek Project. In parallel, we intend to continue advancing engineering, procurement and construction planning, commercial and offtake initiatives, and development of the mine portal so that the project is positioned to transition efficiently into full construction following completion of financing and a final investment decision.

What do you think makes your company such a compelling investment?:
NioCorp is advancing one of the most unique, large-scale critical minerals projects in the United States. Our 2026 Feasibility Study outlines a 40-year operation producing eight U.S.-designated critical-mineral products from a single Nebraska ore body, with a $4.1 billion pre-tax NPV, $3.4 billion after-tax NPV and projected average annual EBITDA of approximately $608 million. Elk Creek has secured its major construction-related permits, mine portal construction is already underway, and the project is advancing through financing, detailed engineering and EPC planning. Its planned production of niobium, scandium, titanium and multiple rare earth products addresses several supply chains where the United States remains heavily dependent on foreign sources. We believe the combination of scale, product diversification, advanced development status and strategic importance to U.S. manufacturing and national security differentiates Elk Creek from many other critical minerals development projects.