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NioCorp Project to Expand Production to 8 Made-in-USA Critical Minerals Over a 40-Year Mine Life with an Estimated $4.1 Billion Pre-Tax NPV8%

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  • NioCorp released the 2026 Feasibility Study for the Elk Creek Critical Minerals Project in Nebraska, outlining a 40-year mine life with 45.9 million tons of proven & probable mineral reserves.
  • Project economics include a pre-tax NPV of $4.1 billion, an after-tax NPV of $3.4 billion, a pre-tax IRR of 24%, an after-tax IRR of 22.8%, & a life-of-mine revenue of $37.4 billion.
  • The project targets an average annual EBITDA of $608 million & an average operating cash flow of $519 million over its operational life.
  • An upfront capital estimate of $1.85 billion reflects a redesigned processing plant & mining operation producing eight critical minerals.
  • Revenue is expected to average $815 per ton of ore against operating costs of $255 per ton, creating a diversified revenue profile across eight products.
  • The eight critical mineral products include ferroniobium, scandium trioxide, titanium tetrachloride, NdPr oxide, terbium oxide, dysprosium oxide, SEG carbonate, & heavy rare earth carbonate.
  • The operation aims to reduce U.S. import reliance on these eight minerals by providing a domestic source outside of China-dominated supply chains.
  • Updated mineral resource estimates include 21.7 million tons of measured, 187.4 million tons of indicated, & 169.2 million tons of inferred resources, indicating potential for future expansion.
  • Engineering upgrades feature a mine portal with twin ramps, a Railveyor™ system for ore movement, & a behind-the-meter microgrid to supply electricity.
  • The feasibility study completion satisfies a key U.S. Export-Import Bank due diligence requirement, allowing the company to advance to detailed engineering & EPC contracting.
  • NioCorp plans to host an investor webcast on Tuesday, August 11, at 10:00 AM ET to discuss the study results.