{ "docId": "019de517-df30-7558-9666-266031d7f8a3", "docSlug": "9181f9803d76741ac9177b44ecb159fc", "documentTitle": "NioCorp | Investor Presentation Deck | 48 slides", "authorId": "niocorp", "authorName": "NioCorp", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-01-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "pageCount": 48, "prevPage": 1, "nextPage": 3, "slideType": "disclaimer", "function": "appendix", "density": "dense", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de517-df30-7558-9666-266031d7f8a3/2", "deckHref": "/decks/019de517-df30-7558-9666-266031d7f8a3", "deckJsonHref": "/decks/019de517-df30-7558-9666-266031d7f8a3.json", "deckAnchorHref": "/decks/019de517-df30-7558-9666-266031d7f8a3#slide-2", "components": [ { "bbox": { "h": 0.07, "w": 0.13, "x": 0.02, "y": 0.89 }, "kind": "image", "text": "NioCorp\nCritical Mineral Security", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "849a0312-6ffa-438a-b0f6-cad59f5f57d0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.016, "w": 0.01, "x": 0.953, "y": 0.94 }, "kind": "other", "text": "2", "attrs": {}, "subkind": "unclassified", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6a85152a-ebe3-47e6-bd27-b2e00dd997d4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.702, "w": 0.92, "x": 0.04, "y": 0.099 }, "kind": "paragraph", "text": "Forward-Looking Statements\nThis Presentation contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to,\nthe anticipated benefits of NioCorp's business combination (the \"Business Combination\") with GX Acquisition Corp. II (\"GXII\") and NioCorp's previously announced standby equity purchase facility (the \"Yorkville Equity Facility Financing\" and, together with the Business Combination, the \"Transactions\")\nwith YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP (together with YA II PN, Ltd., \"Yorkville\"), including the ability to access the full amount of the expected net proceeds of the Yorkville Equity Facility Financing over the next three years; NioCorp's ability to receive a final\ncommitment of financing from the Export-Import Bank of the United States (\"EXIM\"); anticipated benefits of the listing of NioCorp's common shares on Nasdaq; the financial and business performance of NioCorp; NioCorp's anticipated results and developments in the operations of NioCorp in future\nperiods; NioCorp's planned exploration activities; the adequacy of NioCorp's financial resources; NioCorp's ability to secure sufficient project financing to complete construction and commence operation of the Elk Creek Project; NioCorp's expectation and ability to produce niobium, scandium, and\ntitanium at the Elk Creek Project; NioCorp's plans to produce and supply specific products and market demand for those products; the outcome of current recovery process improvement testing, and NioCorp's expectation that such process improvements could lead to greater efficiencies and cost\nsavings in the Elk Creek Project; the Elk Creek Project's ability to produce multiple critical metals; the Elk Creek Project's projected ore production and mining operations over its expected mine life; the completion of the demonstration plant and technical and economic analyses on the potential\naddition of magnetic rare earth oxides to NioCorp's planned product suite; the exercise of options to purchase additional land parcels; the execution of contracts with engineering, procurement and construction companies; NioCorp's ongoing evaluation of the impact of inflation, supply chain issues\nand geopolitical unrest on the Elk Creek Project's economic model; and the creation of full time and contract construction jobs over the construction period of the Elk Creek Project. In addition, any statements that refer to projections (including Averaged EBITDA, Averaged EBITDA Margin, and After-\nTax Cumulative Net Free Cash Flow), forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are typically identified by words such as \"plan,\" \"believe,\" \"expect,\" \"anticipate,\" \"intend,\"\n\"outlook,\" \"estimate,\" \"forecast,\" \"project,\" \"continue,\" \"could,\" \"may,\" \"might,\" \"possible,\" \"potential,\" \"predict,\" \"should,\" \"would\" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.\nThe forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future\ndevelopments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations, and assumptions relating to the future price of metals, the stability of the financial and capital markets and other current\nestimates and assumptions regarding the Transactions and their benefits. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or\nother factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to:, those discussed and identified in public filings made by NioCorp with the Securities\nand Exchange Commission (the \"SEC\") and with the applicable Canadian securities regulatory authorities and the following: NioCorp's ability to recognize the anticipated benefits of the Transactions, including NioCorp's ability to access the full amount of the expected net proceeds under the Yorkville\nEquity Facility Financing Agreement over the next three years; unexpected costs related to the Transactions; the outcome of any legal proceedings that may be instituted against NioCorp following closing of the Transactions; NioCorp's ability to receive a final commitment of financing from EXIM on\nthe anticipated timeline, on acceptable terms, or at all; NioCorp's ability to continue to meet Nasdaq and TSX listing standards; NioCorp's ability to operate as a going concern; risks relating to the Common Shares, including price volatility, lack of dividend payments and dilution or the perception of the\nlikelihood any of the foregoing; NioCorp's requirement of significant additional capital; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness or the Yorkville Equity Facility Financing Agreement may impair NioCorp's ability to\nobtain additional financing; covenants contained in agreements with NioCorp's secured creditors that may affect its assets; NioCorp's limited operating history; NioCorp's history of losses; the restatement of NioCorp's consolidated financial statements as of and for the fiscal years ended June 30,\n2022 and 2021 and the interim periods ended September 30, 2021, December 31, 2021, March 31, 2022, September 30, 2022 and December 31, 2022 and the impact of such restatement on NioCorp's future financial statements and other financial measures; the material weaknesses in NioCorp's\ninternal control over financial reporting, NioCorp's efforts to remediate such material weaknesses and the timing of remediation; the possibility that NioCorp may qualify as a PFIC under the Code; the potential that the Transactions could result in NioCorp becoming subject to materially adverse U.S.\nfederal income tax consequences as a result of the application of Section 7874 and related sections of the Code; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to\ncybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products; current and future offtake agreements, joint ventures, and partnerships; NioCorp's ability to attract qualified management; the effects of the COVID-\n19 pandemic or other global health crises on NioCorp's business plans, financial condition and liquidity; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; the results of metallurgical testing; changes in demand for and price of\ncommodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining industry; the impacts of\nclimate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and\nassay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost\noverruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, or development activities; the management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the\nspeculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; claims on the title to NioCorp's properties; potential future litigation; and NioCorp's lack of insurance covering all of NioCorp's operations.\nShould one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.\nAll subsequent written and oral forward-looking statements concerning the Transactions or other matters addressed in this communication and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this\ncommunication. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this communication to reflect the occurrence of unanticipated events..", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "936a813f-ea32-4977-90e3-858c62f53c19", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.92, "x": 0.04, "y": 0.826 }, "kind": "paragraph", "text": "Qualified Persons\nAll technical and scientific information included in this Presentation derived from NioCorp's 2022 NI 43-101 Elk Creek Technical Report with respect to mineral resources has been reviewed and approved by Matthew Batty, P.Geo., Owner, Understood Mineral Resources Ltd., and all such\ninformation respecting NioCorp's mineral reserves has been reviewed and approved by Gavin Clow, P. Eng., Mining Manager, Optimize Group. Each of Messrs. Batty and Clow is a \"Qualified Person\" as such term is defined in NI 43-101. Each of Mr. Batty and Mr. Clow and their respective firms are\nindependent consultants who provide consulting services to NioCorp. All technical and scientific information included in this Presentation derived from NioCorp's S-K 1300 Elk Creek Technical Report Summary with respect to mineral resources has been reviewed and approved by Understood\nMineral Resources Ltd., and all such information respecting NioCorp's mineral reserves has been reviewed and approved by Optimize Group. Understood Mineral Resources Ltd. and Optimize Group are \"Qualified Persons\" as such term is defined in S-K 1300. All other technical and scientific\ninformation included in this Presentation has been reviewed and approved by Scott Honan, M.Sc., SME-RM, NioCorp's Chief Operating Officer. Mr. Honan is a \"Qualified Person\" as such term is defined in both NI 43-101 and S-K 1300.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ff616879-9293-4ed6-80e2-571bdc93cdb5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.354, "x": 0.323, "y": 0.047 }, "kind": "title", "text": "Disclaimers & Technical Disclosures", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1a9d8666-652c-4cc0-9085-5d6e38a2658f", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }