NioCorp Developments (NB) Investor update summary

Elk Creek project and supply-chain role

• Planned output spans eight critical minerals, including niobium, scandium, titanium and rare earths such as dysprosium and terbium.

• Mine-to-finished-product processing is planned in Nebraska, reducing dependence on imported minerals and China-dominated processing.

• Remarks cited U.S. import reliance of 100% for niobium and scandium, more than 85% for titanium, and virtually 100% for several rare earths.

Economic and community impact

• Forecast employment includes about 1,200 construction jobs and about 500 permanent, skilled roles over the mine’s 40-year life.

• Billions of dollars in investment are expected to reach Nebraska over the mine’s life.

• Traxys is expected to buy the output and sell it globally.

• Deb Fischer cited a $10 million federal investment in domestic aluminum-scandium alloy production at Elk Creek.

Government support and financing

• The letter signing was described as another step in the federal financing review; an EXIM signing ceremony followed the remarks.

• EXIM leadership described financing as a way to address China-distorted markets and strengthen U.S. supply chains; JPMorgan was cited as assisting with the EXIM process.

• Federal and Nebraska officials backed domestic critical-mineral production and processing, citing economic and national-security priorities.