Niocorp Developments Ltd (NB)

[chico237]

DOE loans Ioneer $700 million
Lithium company Ioneer scores $700 million conditional loan from Energy Department for Nevada plant
https://www.cnbc.com/2023/01/13/lithium-company-ioneer-gets-700-million-conditional-energy-dept-loan.html

Lithium company Ioneer said Friday that it’s secured a conditional commitment for a loan of up to $700 million from the Department of Energy as the U.S. seeks to develop new supply chains for materials that are critical to the energy transition. If approved, the loan, made under the DOE’s Advanced Technology Vehicles Manufacturing program, will be for Ioneer’s on-site lithium processing facility.

Ioneer Shares Rise 23% After Conditional $700M Energy Department Loan Commitment
https://www.marketwatch.com/story/ioneer-shares-rise-23-after-conditional-700m-energy-department-loan-commitment-271673626782

Form your own opinions & conclusions above:
IMHO:
WOW THATS $700 MILLION LOAN GUARANTEED BY THE U.S. GOVT. Under the ATVM DOE/LPO!!!!

REMEMBER NIOCORP DID ANNOUNCE:
New Federal Legislation Could Deliver Powerful New Benefits to NioCorp for its Critical Minerals
https://www.niocorp.com/new-federal-legislation-could-deliver-powerful-new-benefits-to-niocorp-for-its-critical-minerals/
UNDER ~Other Provisions That Could Benefit NioCorp~

Other provisions of the law are aimed at encouraging greater production of critical minerals in the U.S.:
$40 billion commitment authority for the U.S. Department of Energy’s Innovative Technology Loan Guarantee Program (Title XVII), on top of DOE’s existing commitment authority of approximately $24 billion. The Innovative Technologies Loan Guarantee Program authorizes loan guarantees for projects that (1) “avoid, reduce, utilize, or sequester” air pollutants or anthropogenic emissions of greenhouse gases; and (2) employ “new or significantly improved technologies” as compared to commercial technologies in service in the United States at the time the guarantee is issued.

**ALSO Note: I did post over 20 New Applications were submitted to the DOE/LPO after AUGUST 2022! & Jim did state Niocorp was in discussions with several Federal agencies "that do not allow disclosure".... or something like that. Let's see what happens "IF" the GXII EQUITY deal is approved... (Because they will still need to cover the "Debt" portion some how.... T/B/D/ "Interesting DOTZ"

GO Team NIOCORP!
Chico