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NioCorp to Initiate Drilling Program at Elk Creek Project in Order to Support Updated Feasibility Study

1. NioCorp starts a drilling campaign to enhance mineral resource classifications. 2. This project supports debt financing applications with the U.S. Export-Import Bank.

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FAQ

Why Bullish?

Successful conversion of resources could enhance financial stability, similar to other mining firms increasing asset valuation through strategic exploration.

How important is it?

The drilling campaign is pivotal for resource classification which directly impacts NioCorp's valuation and financing efforts.

Why Short Term?

Drilling results may influence stock price quickly due to investor reactions to resource updates, as seen in prior resource announcements in mining.

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EXIMLACCDE
12-week drilling campaign in Nebraska, to launch later this month, is designed to support the conversion of a portion of the current indicated resource into measured resources and the subsequent conversion of a portion of the current probable mineral reserve into proven mineral reserves in an updated feasibility study An updated feasibility study is necessary as part of the due diligence process of the application for debt financing NioCorp is seeking from the U.S. Export-Import Bank NioCorp's critical minerals project is designed to potentially produce certain critical minerals that China now threatens to withhold from the U.S. and Western allies CENTENNIAL, CO / ACCESS Newswire / April 23, 2025 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) is launching a limited 9-hole drilling campaign later this month designed to support the conversion of a portion of its current Indicated Resources into Measured Resources and the subsequent conversion of a portion of its current Probable Mineral Reserves into Proven Mineral Reserves at its Nebraska-based Elk Creek Critical Minerals Project (the "Elk Creek Project").

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