NioCorp Investor Presentation Deck
Titanium
O
60
Demand for titanium metal is forecast to growth by a
6.8% CAGR between 2022 and 2030, driven primarily
by increasing demand in defense and industrial
segments.¹
'000 tonnes
20
Global markets for aerospace-grade titanium metal have
tightened in recent years because of increased demand
and supply chain pressures resulting from the Ukraine
conflict with Russia, the world's largest supplier. The
last titanium sponge plant in the US closed in 2020.
NioCorp plans to make titanium dioxide and/or TiO₂, a
high-purity product used in the two largest titanium
market segments: titanium dioxide pigments and
titanium metal.
36
2%1
40 15%
26%
57%
0 r
TITANIUM: Tight Global Supply Because of Rising Demand + War in Europe
41
40
NioCorp
Critical Mineral Security
+2.6%
41
46
9107
49 50
2017
2018
Historic and Forecast Demand for Titanium Metal
43
2019
21
T
27
4%
27%
30%
T
40%
T
PRIMARY TITANIUM (TITANIUM SPONGE)
PRODUCTION CAPACITY
33 34
T
5,000
Primary Titanium Sponge Production Capacity
T
41
+6.8%
43
45 47
Credit: IperionX, 2023, based on USGS Survey.
Locations approximate.
43
T
45
19%
32%
-2%
47%
7
Emerging +1.5%
Military +2.3%
Industrial +2.6%
Aerospace +0.2%
Source: TiCl4 Market Analysis, conducted for NioCorp by TZMI, 2023.
Global Titanium Demand Drivers
Demand in
commercial
aviation
Production
backlogs at Boeing
underpin a
significant portion
of US demand for
titanium metal and
therefore titanium
sponge.¹
Increased use
in advanced
military fighter
jets
For example, the
F-22 utilizes
9,000+ lbs. of
titanium,
comprising
approximately 42%
of the aircraft's
weight.²
¹ TIO₂ Market Analysis for NioCorp, performance by TZMI, 2023.
2 Cotton, James D., et al. "Titanium Alloys on the F-22 fighter airframe." Advanced Materials & Processes, vol. 160, no. 5, May 2002.
3 Research and Markets, 2023.
Extensive
consumption
of TiO₂ across
multiple
markets
Titanium dioxide
demand is
expected to grow
at 6.3% CAGR
from 2023 to
2030.³
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