Rift Rare Earth Project

OVERVIEW

The Rift REE Project is a globally significant rare earth and niobium project located in southeastern Nebraska, USA, at the highly prospective Elk Creek Carbonatite Complex near the village of Elk Creek. With a diameter of 6–8 km, it ranks among the largest carbonatite bodies in the world. The project is positioned within a Tier-1 jurisdiction, offering excellent infrastructure and geopolitical stability.

Two target areas (East Zone and West Zone) include multiple historical drill holes that are well-mineralized in REE’s.

Location & Geology

  • Region: Southeastern Nebraska, ~100 km from Lincoln.
  • Geology: Rare alkaline intrusive complex emplaced ~500 million years ago.
  • Host Rocks: Carbonatite intruding Proterozoic gneiss, overlain by ~200 m of sediment.
  • Mineralogy:
    • Niobium: Hosted in magnetite beforsite.
    • REEs: Hosted in barite beforsite (including bastnäsite, parisite, synchysite, monazite).
  • Private land ownership facilitates streamlined permitting path.
  • The Company is continuing to compile historically available data and is actively planning an inaugural Q2-2026 exploration program, including drilling.
  • Rift Project area (~2,784 acres) now represents the largest position in the Elk Creek Carbonatite Complex

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Elk Creek Carbonatite Complex location with excellent infrastructure

Courtesy of Dahrouge Geological Consulting Ltd.

HISTORICAL RESULTS

Historic Exploration

Over 106 historic drill holes totalling approximately 46,797 m completed (1970s–1980s) by Molycorp, Cominco, and the State of Nebraska

Historic niobium resource estimate:

  • 39.4 million tons at 0.82% Nb₂O₅ (open in multiple directions)
  • REE mineralization identified but underexplored, with assays limited to light REEs (La, Ce, Nd)
  • Standout historic REE intercepts includes multiple historical drill holes that are well-mineralized in REE’s:
    • 155.5 m of 2.70% REO, Including 54.9 m at 3.30% REO (EC-93).
    • 236.2 m of 2.10% REO, including 68.2 m of 3.32% REO (NEC11-004).

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Cross sectional view of NEC11-004 and EC-93 showing broader intervals (red) and higher-grade intervals within (purple) in an area that remains wide open for expansion.

Courtesy of Dahrouge Geological Consulting Ltd.

EXPLORATION POTENTIAL

Exploration Potential

  • REE-rich zones are located outside the current development focus of NioCorp

  • Historical assays underestimate REE potential, missing heavy and magnet feed REEs (e.g., Dy, Tb, Pr)

  • Modern geochemistry and re-logging of historic cores could uncover significant new REE resources

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Geology of the Rift REE Carbonatite as Expressed in Drill Holes at an Elevation of 120 m ASL (Roughly 230 m Below Ground Surface) (Drenth, 2014). Age relations among the carbonatite units are poorly known, and ordering of units within the figure is not meant to imply cross-cutting relations.

Courtesy of Dahrouge Geological Consulting Ltd.

STRATEGIC OPPORTUNITY

Strategic Opportunity

With large portions of the carbonatite untested using modern methods, the Rift RE Carbonatite offers a unique opportunity to advance critical minerals exploration in the United States. The combination of strong historic results, underexplored REE targets, and favorable jurisdiction makes it a compelling addition to any exploration portfolio.

WHAT IS A CARBONATITE?

How is it Formed?

  • Deep-seated magmatic intrusions
  • Rich carbonate mineral makeup, typically appearing as intrusive plugs or in forms like dykes, sills, breccias, or veins
  • Enriched with elements like niobium, rare earth elements, phosphorus, tantalum, scandium, and titanium
  • Carbonatites are relatively rare in geology, with notable sites including Araxá, Bayan Obo, Mt. Weld, Mountain Pass, and Palabora
  • Of the approximately 600 known carbonatites, about 10% mined
Economic Importance

  • Produce essential elements like niobium and rare earth elements, crucial for high-tech industries.
  • Carbonatite production drives economic development in energy, defense, and electronics sectors.