NioCorp Development

Primary ticker: NASDAQ:NB
Stage of development: Development
Primary minerals: Niobium, Scandium, Rare Earths, Titanium
Project to promote: Elk Creek, Nebraska
Project location: USA
Website: www.niocorp.com
Corporate presentation: Click here
Corporate video: Click here

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.

Cash: USD2M

Debt: NIL

Major shareholders:

Mark Smith, CEO – 5.39%

Vanguard Group – 2.42%

Kingdon Capital Management – 0.81%

BlackRock – 0.30%

Dean Kehler, Director – 0.20%

Management Ownership – 5.85%

Financials

Management Profile

Jim Sims – Chief Communications Officer

Jim manages investor relations, media relations, marketing, and government affairs for NioCorp. He has more than 25 years of experience in devising and executing marketing, media relations, public affairs, and investor relations operations for companies such as Dow Chemical, Calpine, FMC, MidAmerican Energy, Danaher, and others. Previously, Jim was VP of Corporate Communications for Molycorp, Inc. A former news reporter for the Des Moines Register and Tribune, Jim is the former President of the U.S. Geothermal Energy Association and Western Business Roundtable and was Chairman of the Rare Earth Technology Alliance. The former White House Director of Communications for the Energy Policy Development Group, Jim served for 11 years in the U.S. Senate, including as a Chief of Staff, and held a top-secret security clearance. He is an honors graduate of Georgetown University.

Scott Honan – Chief Operating Officer of NioCorp; President of Elk Creek Resources Corp.

Mr. Honan joined NioCorp in 2014. He has 31+ 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?

February 3, 2025 – EXIM Advances NioCorp Elk Creek Critical Minerals Project to Independent Technical Review

January 31, 2025 – NioCorp Announces Closing of $5.0 Million Underwritten Offering Priced At-The-Market Under Nasdaq Rules

November 13, 2024 – NioCorp Announces Closing of Private Placement for Gross Proceeds of Approximately $3.5 Million

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Complete financing in the amount of $15M (including a US DOD Grant of $10M) and initiate work to allow completion of the US Export Import Bank loan process

6 Months:

Complete field work required by the US Export Import Bank loan process, including drilling, assaying, hydrogeology/geotechnical work and updated resource and reserve estimates

12 Months:

Complete an updated Feasibility Study for the Elk Creek Project, incorporating new geologic information and updated costs, to facilitate completion of the US Export Import Bank loan process

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, along with raising sufficient capital to pay for that work.

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