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Bullboard - Stock Discussion Forum NioCorp Developments Ltd NB

NioCorp Developments Ltd. is a mineral exploration company. The Company, through its subsidiary, Elk Creek Resources Corporation, is engaged in the acquisition, exploration, and development of mineral properties. The Company is developing a superalloy materials project namely the Elk Creek niobium/scandium/titanium property (the Elk Creek Project). The Elk Creek Project is located near Elk... see more

NDAQ:NB - Post Discussion

NioCorp Developments Ltd > $800 million
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Post by TELEMARKER on May 08, 2024 11:36pm

$800 million

CENTENNIAL, CO / ACCESSWIRE / May 6, 2024 / NioCorp Developments Ltd. ("NioCorp" or the "Company"(NASDAQ:NB) announces that it has received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States ("EXIM") as part of a Preliminary Project Letter ("PPL") conveying EXIM's initial due diligence findings to NioCorp on its application for $800 million in debt financing from EXIM for the Elk Creek Critical Minerals Project.

Along with the preliminary indicative term sheet, the PPL provides a summary of EXIM's initial due diligence findings of the Project. Management is working with EXIM to continue to advance the project through the next stages of EXIM's due diligence and loan application process.

"While it is not possible to estimate how long the application process will take, I remain very pleased and appreciative of the very focused engagement and constructive feedback that EXIM is providing to us in order to continue advancing our application for financing from the bank," said NioCorp CEO and Chairman Mark A. Smith. "I continue to be impressed with the EXIM staff's dedication and professionalism in helping NioCorp advance through this loan application process."

 
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