NioCorp subsidiary signs $10M U.S. DoD reimbursement agreement for Elk Creek project

NIOCORP DEVELOPMENTS LTD

Subsidiary ECRC entered a Project Sub-Agreement with ATI on behalf of U.S. DoD for up to $10M in cost reimbursements.
Milestones include new drilling, scandium metal/master-alloy engineering, and a new feasibility study at Elk Creek.
Reimbursement subject to cost co-share; DoD may terminate if in U.S. government's best interests.
Base Agreement was dated July 23, 2025; Agreement contains customary U.S. government terms.

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