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NioCorp Developments Ltd. is a U.S.-based mineral development company focused on developing several critical minerals from the proposed Elk Creek, Nebraska Critical Minerals Mine.  This Project is one of the few pure-play critical minerals projects in the U.S. that has completed a positive definitive feasibility study, has already secured key U.S. federal permits, and enjoys strong state and local support.

Led by a distinguished Board of Directors and a highly experienced management team, NioCorp’s stock is publicly traded on three exchanges with these ticker symbols: TSX:NB; OTCQX:NIOBF; and FSE:BR3.

• NioCorp Developments Ltd. is developing The Elk Creek Project, a very large underground deposit in southeast Nebraska that is rich in Niobium, Scandium and Titanium – superalloy metals that have all been designated as “critical minerals ” by the U.S. Government.
• Niobium is relatively scarce – there are only 3 primary Niobium mines in the world today – but growing demand has created a global market value of >$2 billion.¹
• Niobium is considered so critical by the U.S. that it is one of a small handful of metals that the National Defense Stockpile purchases.²
• Increases in U.S. defense spending, infrastructure re-building, and transportation light-weighting efforts, all of which use Niobium, Scandium, and Titanium, are expected to increase demand for NioCorp’s products.
• NioCorp plans to produce the following commercial products from Elk Creek:
  • Ferroniobium (FeNb): Used in mega-steel infrastructure projects, oil and gas pipelines, vehicles, commercial aviation, aerospace, and defense systems.
  • Scandium Trioxide (Sc2O3): Added to high-performance aluminum alloys used in the transportation, defense, commercial aviation and other industries.
  • Titanium Dioxide (TiO2): Used in commercial and defense markets, including pigments, thin films, cosmetics, aircraft, armor, ships and other equipment.

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¹ Source:  Roskill 2017 report.
²  Source:  DoD Strategic and Critical Materials reports.

1. The Elk Creek Project is the highest-grade primary Niobium resource in North America, and the only such resource under development in the U.S.    Additional market opportunities are available from a co-product (Scandium) and a byproduct (Titanium).
2. The Company’s three products are valuable superalloy additives used in large, diverse end markets, including transportation, aerospace and defense, oil and gas, advanced manufacturing, and steel mega-structures.  Niobium has a global market value of over $2 billion.¹
     
   
3. All three of NioCorp’s planned products have been determined to be “Critical Minerals” by the U.S. Government.²
   
4. The Elk Creek Project has already secured key federal and state permits required for the onset of construction.
   
5. Much of our planned production over the first 10 years is pre-sold
   • 100% of the Project’s projected FeNb production over the first 10 years of production is under sales contract or a Letter of Intent.
   • 50% of FeNb production to ThyssenKrupp enables in-principle eligibility for a German Government Loan Guarantee of > $146M-$179M.³
   • 12% of average annual scandium production over first 10 years has been sold to Traxys North America, a global leader in specialty metals.
6. The Project features highly attractive economics:⁴
   
   • 36-year mine life with 2.86-year after-tax payback period from production.
   • Pre-tax Net Present Value (“NPV”) of $2.56 billion and Internal Rate of Return (“IRR”) of 27.3%; after-tax NPV of $2.1 billion and IRR of 25.8%⁵
     
   • Average annual EBITDA of $370 million over Life of Mine (“LoM”); average EBITDA margin over LOM of 67%⁶
     
7. We have a seasoned management team led by veterans with decades of experience developing and operating mines and advanced materials facilities.

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¹ Source:  Roskill 2017 report.
² Federal Register notice of May 18, 2018.
³ Receipt of such a loan guarantee is subject to final approval and other conditions.
⁴ Source: 2019 Elk Creek Project Feasibility Study.
⁵ Assumes an 8% discount rate.
⁶ See these disclaimers on the use of non-GAAP references.