Niocorp Developments Ltd (NB)

[douginil]

I have just sent this to Bret Baier

November 24, 2023

I have heard a couple of your reports about commodities and the rare earth situation. I have been surprised that no mention by you or the expert person you have consulted with have mentioned the company NioCorp Developments https://www.niocorp.com

NioCorp has a project awaiting financing for in southeast Nebraska.

- The project will mine and refine:
- - Tantalum
- - Scandium
- - Titanium
- - Rare Earths, magnetic elements
- These metals are at the top of the government's list of Critical Metals

The project is:
- Fully permitted to start building an underground mine and an on-site full ore processing and refining facility
- Has issued a Feasibility Study (FS) and is in the process of updating the FS to reflect refining improvements recently establised in a semi-production pilot plant
- Is 6-9 months through the evaluation process by the Export–Import Bank of the United States (EXIM) for $800 million, or more, of loan financing
- Has a large portion of the proposed production covered by Off-Takes
- Stellantis has an Off-Take agreement with them for the magnetic Rare Earth elements
- It is fully permitted to mine the multi metallic ore and process and refine the ore and produce metal oxides, to specialty chemical forms and purity
- The U.S. Geological Survey (USGS) has identified that it is the 2nd largest deposit of Rare Earths in the US after MP in California

Instead of my trying to describe the project I recommend watching the video available on the company’s home page and reading through the presentation.

For additional information contact Jim Sims, Corporate Communications Officer, NioCorp Developments Ltd., 720-639-4650, [e-mail]