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 $212M in 2025.

Management Profile:

Mark Smith - Chairman and 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 are your key goals for the next 3, 6 and 12 months?

3 Months

Complete equity financing adequate to 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 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.