NioCorp Developments Ltd To Host Investor Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul Kuntz - RedChip Companies - Analyst : Yes. Thank you, Mark. We are now going to open up the webinar to questions. (Events Instructions) Our first question how does the new collaboration with Lockheed Martin Skunk Works accelerate aluminum scandium commercialization and confirmed Elk Creek's role in U.S. defense.

Question: Paul Kuntz - RedChip Companies - Analyst : Thanks, Mark. And when will Defense Production Act Title III milestones begin converting into cash reimbursements and potential follow-on government work.

Question: Paul Kuntz - RedChip Companies - Analyst : Thank you, Jim. Our next question, being that all required land and mineral rights are secured, how quickly can you break ground after financing and what are the first on-site steps?

Question: Paul Kuntz - RedChip Companies - Analyst : Thank you, Scott. And our next question, what is the status of the drilling campaign you have been conducting in Nebraska.

Question: Paul Kuntz - RedChip Companies - Analyst : Thank you, Scott. And another question we have. With regard to the land position that the company has, is there room for future expansion of the mine.

Question: Paul Kuntz - RedChip Companies - Analyst : Thanks, Scott. And our next question, regarding the feasibility study you were working to update, how is that process going?

Question: Paul Kuntz - RedChip Companies - Analyst : Thank you, Scott. And our next question, how is the process for securing additional offtake agreements going?

Question: Paul Kuntz - RedChip Companies - Analyst : Great. Thank you, Mark. And our next question, how are discussions with the U.S. export import bank, U.K. export finance and other lenders progressing? And what financing mix best limits dilution ahead of the final investment decision?

Question: Paul Kuntz - RedChip Companies - Analyst : Great. Thank you, Mark. And our next question, what is the road map to scale aluminum scandium from defense prototypes into automotive and aerospace production, including master alloy partnerships and customer qualifications. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 27, 2025 / 3:00PM, NB.OQ - NioCorp Developments Ltd To Host Investor Call

Question: Paul Kuntz - RedChip Companies - Analyst : Great. Thank you, Mark. And our next question, do you anticipate down the road issuing dividends to shareholders?

Question: Paul Kuntz - RedChip Companies - Analyst : Thanks, Mark. And this next question, I think you touched on a little bit just a moment ago, but can we expect more material news on scandium and scandium aluminum alloys this year? And for example, two methods, offtakes and/or additional partnerships. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 27, 2025 / 3:00PM, NB.OQ - NioCorp Developments Ltd To Host Investor Call

Question: Paul Kuntz - RedChip Companies - Analyst : Thank you. And our next question, Trump has been dealing with and taking stakes in lots of critical mineral companies lightly, thoughts on the likelihood of an incoming deal in the rare earth space.

Question: Paul Kuntz - RedChip Companies - Analyst : Thank you, Mark. And our next question, given the rapid growth of hyperscale and AI data centers, how has NioCorp positioned its critical minerals like niobium and scandium to meet demand for high-performance materials used in cooling systems power infrastructure and advanced alloys in data center construction. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 27, 2025 / 3:00PM, NB.OQ - NioCorp Developments Ltd To Host Investor Call

Question: Paul Kuntz - RedChip Companies - Analyst : Thank you, gentlemen. And we are running up towards the end of our allotted time. So this will be our final question. What top 3 catalysts should investors watch in the year-end and early 2026 that you believe the market is underappreciating?

Question: Paul Kuntz - RedChip Companies - Analyst : Great. Well, thank you, gentlemen. For our audience for more information about NioCorp, please call us here at RedChip at 1-800 red ship or you can e-mail us at nb, that's the techersymbolnb@ redchip.com. You can also visit RedChip's Investor Information page for NioCorp. It's niocorpinfo.com. There, you can view and download the investor presentation and fact sheet and I'll sign up for news alerts as well. And with that, I want to thank you, gentlemen, for joining us today and thank our audience for joining us as well.