NioCorp to Begin Construction of Mine Portal at its Elk Creek Critical Minerals Project

Portal Will Establish the Mine Entrances and is a Critical First Step in Enabling Underground Mine Access and Advancing the Project

Portal Project Expected to Commence in Q1 of Calendar Year 2026

CENTENNIAL, Colo. (December 22, 2025) – NioCorp Developments Ltd. (“NioCorp” or the “Company“) (Nasdaq: NB), a leading U.S. critical minerals developer, today announced that its Board of Directors (the “Board”) has approved the Company’s Mine Portal Project (the “Portal Project”), a major initiative to advance the Elk Creek Critical Mi…