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You will be looking forward for quite a while if ever. Nothing is funded and the bank is empty. We owe way more to the loan sharks than the 2M pebble from CEO, let alone normal operating expenses. This last laughable news release seems to state that nothing is on deck so they posted BS with no real pending effects or actions. If the company is still afloat by 2025 I will be surprised. The out of nowhere atomic bomb positive news release that is needed is not likely. What does the 2M go nowhere stub accomplish?
The last 3 year's off take agreements done by stellantis sometimes included a 10 % stake maximum in the company's...
Looking forward to Exim progress beside today's nonsense valuation.
I find this Hell or High Water clause very interesting, and even though I don’t know for sure, I can see how it may be being used for our project already.
FYI: Still doing some bridge work:
NE 50 in both directions: Road maintenance operations.
Updated Yesterday at 2:59 PM CDT by CARS5
Between NE 4 and Clay Street (Tecumseh). Road maintenance work is in progress. A lane is closed intermittently. A pilot car is in operation. Look out for flaggers. Look out for temporary traffic lights. Width limit 12'0". Until September 30, 2024 at about 5:00PM CDT.
Comment: June 19 on N-50 south of Tecumseh, from reference post 20.02 to reference post 32.03, according to the Nebraska Department of Transportation. Constructors, Inc. of Lincoln is the contractor for this project. Work includes concrete repairs, asphalt overlay, new guardrail, grading, culverts and bridge deck repairs. The work is necessary for maintaining the safety and integrity of the road, addressing damage or wear to the pavement, and preventing further damage. Traffic will be maintained with a pilot car and flaggers, with temporary traffic signals in place at bridge locations. A 14-foot width restriction will be in effect. Anticipated completion is fall 2024
Immaterial to Niocorp. It is just a dead turd. Investors have been living a fantasy. That fantasy is over. Half a cent above of pre rollback lows. Just pathetic. I can’t wait for the 10Q. Going to be a gong show.
FYI: Still doing some bridge work:
NE 50 in both directions: Road maintenance operations.
Updated Yesterday at 2:59 PM CDT by CARS5
Between NE 4 and Clay Street (Tecumseh). Road maintenance work is in progress. A lane is closed intermittently. A pilot car is in operation. Look out for flaggers. Look out for temporary traffic lights. Width limit 12'0". Until September 30, 2024 at about 5:00PM CDT.
Comment: June 19 on N-50 south of Tecumseh, from reference post 20.02 to reference post 32.03, according to the Nebraska Department of Transportation. Constructors, Inc. of Lincoln is the contractor for this project. Work includes concrete repairs, asphalt overlay, new guardrail, grading, culverts and bridge deck repairs. The work is necessary for maintaining the safety and integrity of the road, addressing damage or wear to the pavement, and preventing further damage. Traffic will be maintained with a pilot car and flaggers, with temporary traffic signals in place at bridge locations. A 14-foot width restriction will be in effect. Anticipated completion is fall 2024
Also, the EPC contractor Zachry has declared bankruptcy. This may or may not affect their future projects as they restructure. I'm sure its business as usual after its done. There are several branches of Zachry but the unit that containing the industrial construction sub is the one that filed bankruptcy. I know this because I am involved with them to a small degree on a daily basis. This is due to a nightmare project in Texas that has not gone well. NB would be a much smaller project comparatively. I do wonder if this affects NB's progress when financiers see their chosen EPC contractor going through bankruptcy proceedings.
I stated before, in my post history, that there were Zachry employees mentioning casually about going to a mine construction project after they were done with their current project. That was also last fall 2023 pre-bankruptcy. That was indeed true, but there is no place to go yet pending financing.
https://www.constructionequipment.com/industry-news/news/55129290/zachry-holdings-bankruptcy-settlement-approved
https://sanantonioreport.org/zachry-holdings-files-for-bankruptcy-exit-10b-lng-terminal-project/
https://www.niocorp.com/niocorp-and-zachry-group-execute-engineering-contract-for-the-elk-creek-critical-minerals-projects-surface-facilities/
On Quora, Tom from JP Morgan
When I worked at JP Morgan, I covered the mining industry first as an analyst and then as a banker working with Canadian mining companies. In my 25 years at Morgan I have been involved in project financing for mining companies throughout the world.
So, to answer your question, I need to turn it around a bit…..
The problem with financing a mine is not the interest rate, but whether you can debt financing at all. Any mining project has significant risks and that means probable potential losses. The funding of the most likely losses is exposed to cost overruns, volatile market prices, operating risks, government/political risks and actually getting the expected ore to the surface. These risks result in cash flow volatility and the bank lenders need to have a relatively high degree of assurance that there will be sufficient cash flow available to repay their loans. That degree of certainty determines the interest rate for the loans they make. It also sets the banks’ financial covenants that, if they are violated means that the banks take over your mine and bring in another developer.
To get to certainty, you need to structure the project with the right level of equity to absorb the losses that come from the risks outlined above. If you don’t have sufficient equity, you won’t get bank financing. Alternatively, you can have an offtake agreement with a major international resource company that sets the amount and price for the ore that you expect to deliver. The banks love to shift the risks to this “offtaker” through what is called a “hell or high water” purchase agreement. I won’t get into the details of this, but if you want to know more, ask in the comments.
Basically, your question tells me that you are a long way from getting financed. Therefore, best to start with the simple fact that the last thing you should be worried about is the interest rate. Start first with whether you can get any equity to absorb the risks outlined above
https://www.quora.com/How-do-banks-set-interest-rates-for-lending-to-mining-projects
Hell or High Water
https://www.investopedia.com/terms/h/hellorhighwater.asp#:~:text=A%20hell%20or%20high%20water%20contract%20is%20one%20where%20the,asset%20is%20damaged%20or%20destroyed.
Yeah no. They aren't sitting there with an empty bank waiting for better loan rates. More like they are still looking for any money possible. This last pure bullshit news release pretty much says there's no real news coming soon. That's why I wonder what happens after this popcorn fart 2 million is gone.
Interest rates were favorable for a loooong time while Mark was hunting for financing. During the "competitive tension" era in particular.
Do you really think it's possible that they turned down an offer, to hold off for a slightly better rate? Did I miss your sarcasm?
On the bright side, interest rate cuts make access to loans more attractive. Perhaps NioCorp was just waiting for better rates on financing (Mark Smith loan notwithstanding).
True,
“very, very”, true.
Sucks to be me.
The markets made an all time high today. What an unforunate decision picking Niocorp a decade ago was. Huge losses plus huge giant wins missed.
CEO can't keep giving NB little loans (or can he?). I see no other source of money other than more PPs and loan shark activity. Are there buyers for those undesirable vehicles even if toxic? An atomic bomb positive news release is possible, but unexpected.
We also have to wonder about listing requirements given the current trajectory. Would no meaningful funding cause SP to drop <$1 eventually for too long, and force another R/S to stay on NAS? Or delist and render the SPAC 100% useless?
12.5% I would mortgage my house and loan it to the project if I was an insider.
He’s happier than hell to be able to make 12.5% again
That’s what we were all whining about before and making all that money as time goes by. And he does it again.
What allows the company to exist by January? We just had a CEO IOU for 2M. We currently owe more than that and that is not including operating expenses. As far as we know, EXIM is at least 9 months past receiving money to satisfy their pending requests. DoD 10M appears to be out the window and isn't enough to finish anything anyway. What are the possible avenues to keep us alive past this 2 million? Are there still buyers for PPs? Is the 2M a last ditch effort to wait for the phone to ring? I jus do not see the path forward.
Putz, I responded directly to the post and its content.
You should be laughing at Mark, for allowing turds to be able to do this for 10 years straight.
Because the jokes on us
Until it isn’t
They (the turds), are the ones making all the money now aren’t they?
Actually, I live here. Nobody would care. Most of the NE investors are small time that are just annoyed that they spent a few 1000 here. A lot have actually gotten out of their positions and it was either to cancel other cap gains or they just needed some quick cash around the time of the bumps. I know a couple that have 25K in or so. Several have or had a large amount worth sweating but not many. I have a modest amount for a tech school grease monkey at $75k ish, but even I wouldn't show up because I know there are no answers. At least no answers worth hearing. Any question asked would not be answered other than boiler plate legalese. Its just whatever at this point. Penny stock risk world. Go figure. I am fully prepared and likely to lose my entire investment here by the looks of it.
I am very lucky to have new money that I came into that would cancel out my principal here. I can make back my principal in overtime in a year, thankfully.
Can you imagine Mark showing up with the GX guys this time around. The townsfolk would have three nooses ready and a large tree ready for judgment day. I would not even venture a foot into the state of Nebraska. The price drop is one thing but the r/s was the killer. I have always sold my positions out when I see a r/s on the horizon.
Who was Lender A and will investors ever know why they bailed. That is a question for Mark.
It’s rather disgusting how Mark Smith and his team have completely avoided and ignored the local investors since they had their three town halls nearly two years ago. They convinced shareholders to vote for the merger and reverse split. Since then, they have lost over 80% of their investment and the company gave up 30% equity to the GXII for nothing in return.
If they had a shred of integrity left, they would engage with the local investors instead of avoiding them.
He should have been an Explorer.
Christopher Columbus, got his fame and fortune sitting in his captains chamber exploring for new lands eating fruits and vegetables, while the sailors that got him there wound up with scurvy and thrown overboard.
It would be great if intends will not be the only mentioned part of a new story,
still no volume and shortseller in charge.
Financing, loan could everything......
NioCorp also intends to explore the possibility of processing magnetic RE concentrates from multiple sources outside of China in order to increase its magnetic RE oxide production - including heavy REs such as dysprosium and terbium -- beyond the Company's current plans. NioCorp CEO and Executive Chairman Mark A. Smith will present at the Conference at 9:30 a.m. Eastern Time on October 15, 2024.
“the US will have sustainable mine-to-magnet supply chain capable of supporting all U.S. defense requirements by 2027.” How is that possible without a non-Chinese supppy of HREE’s?
https://www.japantimes.co.jp/business/2024/09/17/economy/rare-earth-us-china-japan/
"if" we really start with some loans this year by several sources, we will see the warrants run into money, 59 mio shares would mean nothing by than.....
Just "if"......
Your point is well taken, it would be nice if we were actually doing one thing instead of potentially doing many.
Oops, I guess we are doing one thing, waiting.
Had to post something that wasn't toxic can kicking dilution eventually. This kinda says there is no real news on deck. Shocker. This is the nut kick finisher after the CEO loan salami slap that came out a few days ago. Watch that SP soar! Big plans and an empty bank.
Is that kind of like making those bogus claims/pumps
“Nioturd IS on the cusp of full and complete funding”
And
The move to the NASDAQ WILL be the “game changer”
Wonder how many ill advised you sucked in with those flat out lies.
Recycling is a great avenue to draw funding. Especially if it can use the already expected facility that is being planned.
This funding is to a company 35 miles down the road from the mine site.
https://www.defense.gov/News/Releases/Release/Article/3898948/
Heavy Rare Earth is wonderful.
Excellent points Gman. The late reports were prior to NB parting ways with its previous CPA firm, and prior to Deloitte taking over.
Fun Facts to Know and Tell #317.5
Who woulda thunk such a simple, well used phrase could cause so much confusion?
Shock!!!! They missed another deadline 🫠
Missed their own timeline
So that’s why they’re keeping the price low, so we have 90 days to file the required information.
Mark Smith is Brilliant. lol (or Dean Kehler)
Good due diligence, I did not realize they had so much time.
Missed again????? Missed what monocle???
Filing deadlines for the 10-K vary based on the size of the company. According to the SEC, companies with a public float—shares issued to the public that are available to trade—of $700 million or more must file their 10-K within 60 days after the end of their fiscal year. Companies with a float between $75 million and $700 million have 75 days, while companies with less than $75 million in their float have 90 days.
5
Securities and Exchange Commission. "Form 10-K."
Sheeesh! Simply posting current and relevant information in the form of a factual news release does not constitute pumping. SMFH
Really hope Mark and his dream team get a town hall meeting together for all the local investors soon. I would love to see him bring Dean Kehler along with him again.
They need to explain why the SPAC deal was structured so poorly. Why Dean Kehler and his crew walked away with 30% of the company without providing a single cent in net equity for the company. Why Dean Kehler and Michael Masseli remain on the board of directors.
We would have NEVER been at .17 if Mark had never gotten us involved with those people from GXII and we wouldn’t have given up so much equity in the company for NOTHING! Mark Smith has proven himself time and time again that he’s an awful businessman. I thought this project was his chance of redemption, but he just keep getting worse.
You’re seriously comparing Nioturd to SpaceX?
It looks like it was on the 'Metal Event' where the Aerospace Defense contractors are attending...
Belly laugh to say the least. Anybody who followed her advice has lost their arse. Would not surprise me if she was shorting Nioturd.
North America fortifies scandium supply
Critical Minerals Alliances 2024 - September 16, 2024
https://www.metaltechnews.com/story/2024/09/16/critical-minerals-alliances-2o24/north-america-fortifies-scandium-supply/1936.html
Blah, blah, blah…..pumping things of this nature really produced wonders in the past for Nioturd.
And your agenda especially after you claiming that Nioturd was on the cusp of full and complete funding as well as moving to the NASDAQ WILL be the “game changer?” Wonder just how many you were able to suck in with those 2 very bogus claims?
None whatsoever.
Unlocking America's critical minerals
Critical Minerals Alliances 2024 - September 16, 2024
https://www.metaltechnews.com/story/2024/09/16/critical-minerals-alliances-2024/unlocking-americas-critical-minerals/1942.html
NIOCORP A SPONSOR of the 20th International Rare Earths Conference & 3rd International Scandium Symposium
https://metalevents.com/
NCT-was it on the Rare Earth agenda.....NioCorps PR did not say anything about the Rare Earth event????
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Moderators Prudent Capitalist stark12 Landmark8211111 Nebraskan ALDRADJKD123 Rader1977 |
NioCorp Developments Ltd. is a U.S.-based mineral development company focused on developing several superalloy metals from the proposed Elk Creek, Nebraska Critical Minerals Mine. NioCorp plans to produce three commercial mineral products — Niobium, Scandium, and Titanium — from a single ore body in the Midwestern United States. NioCorp's Elk Creek Project is highly unique. It is North America's only niobium / scandium / titanium project. It is the highest grade niobium project in North America. It is one of the largest prospective producers of scandium in the world. Once in production, it will initiate the first production in the U.S. in decades of Niobium and Scandium. All three of the Project's proposed superalloy metals have been designed as "Critical Minerals" by the U.S. Government.
NioCorp is a publicly company that is listed on both the Toronto Stock Exchange under the ticker symbol "NB" and on the U.S.-based OTCQX exchange under the symbol "NIOBF." Shares are also traded on the Frankfurt Exchange, under the ticker symbol "BR3."
NioCorp Developments Ltd.—
General Inquiries:
Telephone: (720) 639-4647
Investor Relations:
Jim Sims, VP External Affairs
Phone: +1 855-2-NIOCORP (855-264-6267)
Email: jim.sims@niocorp.com
NioCorp Developments Ltd.— Denver
7000 S. Yosemite St., Suite 115, Centennial, CO 80112
Reporting Status | International Reporting: TSX Venture Exchange |
Audited Financials | Audited |
Latest Report | 2/7/20 (FOR REPORTING PERIOD ENDING 12/19) |
CIK | 0001512228 |
Fiscal Year End | 6/30 |
OTC Marketplace | OTCQX International |
SIC - Industry Classification | 1061 - Ferro-alloy ores (except vanadium) |
Business Status | Development Stage Company a/o |
Incorporated In: | British Columbia, Canada |
Year of Inc. | 1987 |
DIRECTORS AND MANAGEMENT
Mark A. Smith | CEO, President |
Neal Shah | CFO |
Jim Sims | VP, Bus. Affairs, IR |
Scott Honan | VP, Bus. Dev. & Corp. Rel. |
John Ashburn, Jr. | Vice President, General Counsel, Corporate Secretary |
CORPORATE PRESENTATION: http://niocorp.com/wp-content/uploads/NIoCorp_Corporate_Presentation.pdf
Overview of the Elk Creek Project: http://www.niocorp.com/elk-creek-project/
U.S. Geological Society description of Elk Creek Carbonatite
"The Elk Creek carbonatite, located south of Lincoln, has the potential to be one of the largest global resources of niobium and rare-earth elements (REE). These REE's have many important applications in industry, including petroleum-cracking catalysis, steel alloying, and glass polishing, and as sources of permanent magnets and phosphorus for television and lighting.
The Elk Creek carbonatite is buried beneath about 500 feet of overlying rock and is known only from drill cores, which, until recently, have remained proprietary. Scientists from the USGS and the Conservation and Survey Division (CSD) of the Institute of Agriculture and Natural Resources at the University of Nebraska--Lincoln have studied drill cores."
LINK TO CHART: http://stockcharts.com/h-sc/ui?s=NIOBF&p=W&yr=2&mn=0&dy=0&id=p85189412906
Website: http://www.niocorp.com
MEDIA, LINKS, SELECTED PRESS RELEASES :
http://investorintel.com/technology-metals-intel/niocorps-mark-smith-on-the-rising-global-interest-in-superalloys-scandium-and-niobium/
http://niocorp.com/index.php/press-releases/299-positive-metallurgical-test-results-point-to-process-breakthrough-that-may-help-reduce-capex-and-opex-in-niocorp-s-elk-creek-project
https://www.youtube.com/watch?v=OKO2VkR2MMk&feature=youtu.be
https://www.youtube.com/watch?v=mWOHEQRzWQQ&feature=youtu.be
https://www.youtube.com/watch?v=u_earl9doNM&feature=youtu.be
http://niocorp.com/index.php/press-releases/230-niocorp-named-the-top-performing-mining-company-on-the-tsx-venture-exchange-and-announces-conditional-approval-of-graduation-to-the-toronto-stock-exchange
https://www.youtube.com/watch?v=IbEbivUi2o4
http://wallstreetanalyzer.com/niocorp-developments-tsxvnbotcqxniobf-ceo-interview-update/
http://www.youtube.com/watch?v=R19DMe1ouqg
http://www.niocorp.com/index.php/press-releases/media/197-niocorp-ceo-mark-smith-interviewed-by-bnn
http://www.niocorp.com/index.php/press-releases/media/190-bold-nebraska-comments-on-the-development-of-the-elk-creek-niobium-deposit
http://www.niocorp.com/index.php/press-releases/media/189-tracy-weslosky
http://www.quantumrareearth.com/press-releases/163-former-molycorp-ceo-mark-a-smith-joins-niocorp-developments-ltd.html
http://www.niocorp.com/index.php/press-releases/media/183-rare-mineral-project-in-nebraska-to-bring-huge-economic-opportunities
About NioCorp
NioCorp is developing a superalloy materials project in Southeast Nebraska that will produce niobium, scandium, and titanium. Niobium is used to produce superalloys as well as High Strength, Low Alloy ("HSLA") steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium can be combined with Aluminum to make super-high-performance alloys with increased strength and improved corrosion resistance. Scandium also is a critical component of advanced solid oxide fuel cells. Titanium is used in various superalloys and has extensive uses in aerospace, defense, transportation, medical, and other applications. It also is a key component of pigments used in paper, paint and plastics.
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