Niocorp Developments Ltd (NB)

[Landmark8211111]

The company and TK have discussed (debt and equity) financing possibilities: "explicitly includes".


The Company has appointed ThyssenKrupp Metallurgical Products as its exclusive sales agent of its production in Europe, with a stated amount to be sold in Germany. Both companies will work closely together to support Niocorp’s project financing; this explicitly includes not only debt, but also possibilities of equity financing and potential government loans.

“We are extremely pleased to have one of the world’s leading commodity trading company as a significant customer. Our team looks forward to building a long-term, mutually beneficial relationship with ThyssenKrupp Metallurgical Products,” said Mark Smith, CEO of NioCorp. “This Agreement is obviously conditional on the Company obtaining project financing to build a mine at Elk Creek. However, having the Agreement in place and discussing debt and equity financing possibilities with ThyssenKrupp Metallurgical Products, clearly enhances NioCorp's prospects of achieving those milestones,” continued Smith. “We caution that achieving this is not assured at this time, as we have not concluded the feasibility stage; the process commenced in the spring of this year and is expected to conclude in the first half of 2015. However, entering into this Agreement provides us with confidence that we are pursuing the right strategic plan and lends credibility to the Company,” said Smith.