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Since Mark is the largest shareholder, I am guessing that he insists that there be no appearance of improprieties. Hence the hypersensitivity to these regulations. I would be the same way.
0.48 on the OTC with a volume over 400K. Great day, Just like AC/DC I am now Back in Black!
Nice work Grunt! It appears the market is proving you correct. I am feeling that we will get more news in the coming weeks to keep this rally alive. I hope you and Mrs. Grunt have a great day!
This is Great news!! One more step towards finance!
That same thought has crossed my mind.
Found on the Lincoln Journal Star Website:
Mine near Elk Creek qualifies for $200M in Nebraska tax incentives
The Associated Press 31 min ago
The company working to build a mine in southeast Nebraska to extract a rare heat-resistant element says the project qualified for up to $200 million in state tax incentives.
NioCorp Developments said Tuesday it signed a contract with Nebraska for tax incentives on the proposed niobium mine near Elk Creek in Johnson County. The project is expected to create over 400 jobs and require more than $1 billion in construction costs.
NioCorp says the incentives would lower its operating costs in the first 10 years of the mine's operation. The company is working to raise enough money to move forward with the project.
The U.S. currently imports nearly all the niobium that's used in this country to harden steel and make it more heat-resistant for industrial uses.
NioCorp is based in Centennial, Colorado.
https://journalstar.com/business/local/mine-near-elk-creek-qualifies-for-m-in-nebraska-tax/article_be023cf3-72ab-5222-a62d-bbfe7979a591.html
Found this on the TechMet site, I bolded a line that intrigued me:
U.S. Vanadium produces and sells a range of specialty vanadium chemicals, including the highest-purity Vanadium Pentoxide (“V2O5“) from its plant in the US. The US Vanadium team is comprised of global leaders and investors in the specialty chemicals and strategic materials sectors, including in the mining, processing, purification, and sales and distribution of vanadium specialty chemicals.
TechMet is part of an industry expert consortium, including Traxys, Elysee and Lind Partners, which acquired the plant from Evraz Strator in 2019. U.S. Vanadium LLC aims to pursue opportunities in the vanadium and related minerals space, in the U.S. and around the world.
https://www.techmetlimited.com/us-vanadium/
Thanks for sharing walterc.
Nice work Grunt, you called this!! Hoping it continues!!!
Remember also that Niocorp does not own this land, the agreements with the landowners begin to expire in December, We will need $ to execute these agreements or we will have to renegotiate them very soon. IMO this is one more thing that points to news in the near future.
Whew! Glad to see that Kmack is okay, I was worried when we didn't hear much from him last week as our stock price rose 10%. I am sure this was a coincidence.
IMO - It's not what's up it is what's down. Share price dipped into the .30's nervous investors are getting out before it drops lower. Those whose DD has concluded financing is near are taking advantage to scoop up cheap shares. Those with the nerve to ride this coaster down will get the thrill of riding it up the big hill! Good luck All!
Many Midwesterners would seriously consider an offer to buy California.
Spunkmeyer, I couldn't agree more. Nothing much matters here until financing!
This excerpt from the article TO DoubleD posted the other day concerning President Trumps recent article 303 designation got me thinking:
"Title 3 of the Defense Production Act allows a U.S. President to incentivize the domestic industrial base with the goal of expanding the production and supply of critical materials and goods. Authorized incentives include loans, loan guarantees, direct purchases and purchase commitments, and the authority to procure and install equipment in private industrial facilities."
Put this together with a Quote form our feasibility study:
"Niobium is considered so critical by the U.S. that it is one of a small handful of metals that the National Defense Stockpile purchases."
Could this second quote be a bit of foreshadowing on the part of our team? I have thought for some time that a U.S. government stockpile purchase would be a part of our financing, maybe a prepaid purchase agreement for the last 25% of our Niobium?
Other thoughts
Niocorp team has many govt connections.
Niocorp asked to testify before congress.
Govt red tape could be a part of what is holding up financing.
GLTA, Bring on the financing!
Well said Putz
hkwagner, Anyone with both halves of a brain can look at the huge potential this investment holds and make the decision to alter their financial life for the better. Volume was over 200K in a day just a couple of days ago. My mother always said "Good things come to those who wait"
Agreed!
Walterc, thanks for sharing Jim's response, "There are many factors that influence the pace of efforts to assemble our prospective project financing, but the two you mention are not material factors in this process."
My thoughts go to, what are the material factors that Jim is alluding to?
Smokinjoe is correct, IMO. I am planning to hold the majority of my shares at least until we begin production so in my mind the price today is irrelevant. The time to watch the price is after financing. I think we all need to enjoy our summer and let Mark and Co. do their thing. Our time will come very soon I believe
I hope your right!! Bring it on!
Just thinking,the first of the option to buy agreements expire in Dec. of 2019. According to the FS the land is to be purchased in month 5. In order to keep to this schedule we need financing to happen very soon. Time is of the essence! GLTA
Yes, the site is planted.
Nebraska is a large area, small population state because of this our property taxes are quite high. Even though there are obvious benefits to the state economy if the mine is built our leadership in the legislature generally avoids the optics involved with directly handing over state tax dollars to private business.
I couldn't agree more AO.
Larry the Cable Guy
Boilermaker, you hit the nail on the head. IMO
I posted this a while back....
I found this interesting, particularly production-based financing.
www.mining-technology.com/features/alternative-financing-for-the-mining-industry/
What are your thoughts on Niocorps flexibility in adding additional revenue streams down the road by mining to other rare earth elements that are present in our ore but not economically feasible at this point in time?
From the new feasibility study
There could be an opportunity to replace the mining contractor after approximately three years of steady-state production. After this period of time, the full requirements to obtain sustainable production levels would be understood, and the owner could replace the contractor with their own workforce. The resulting operating cost should decrease; this would be partially offset with the purchase and sustainable capital for mobile equipment.
NioCorp is also working with other potential customers at the time of writing and discussions with these potential customers are proceeding under the provisions of Non-Disclosure Agreements (NDAs).
I am solidly in that boat. I have about 30% more shares than I had planned. Done though.........really I mean it this time. LOL
I found this interesting, particularly production-based financing.
www.mining-technology.com/features/alternative-financing-for-the-mining-industry/
Landmark, all of that is true! I was just thinking it would be a slow stress free job, given the lack of customers. Lol.
Don't think I am interested in the stock, but some days I wouldn't mind working in that store.
Names Removed.
Q: Is the air construction permit the last remaining permit that could hold back construction timeline?
James Sims: it is the last major permit to be obtained, yes. It will not necessarily hold back the construction schedule.
Q: Will the decision to hire an operating company speed up financing? Was that a requirement of a current deal on the table?
James Sims: the short answers to your questions are: no and no.
From the Q&A CHATROOM following the presentation. No audio
Q: Mark, how pleased or frustrated have you become with the way financing discussions have evolved. And how is your outlook for approved financing in the future
James Sims: Derek, to your question: the discussions and negotiations with potential project financiers have been excellent, but the pace of the process has been slow, and that has been frustrating to all.
I agree, My impression is that financing will happen after some hoop jumping. I also got kicked off during Q & A.
I drove by the mine site today, from the highway, I saw nothing planted yet. These fields were corn last year so they will likely be soybeans this season. Not many soybeans in the ground yet around here.
I am assuming the landowners will plant unless they are paid not to. I believe I saw in the new FS that the land that makes up the mine site will be purchased in the 5th month of construction. So I would expect these crops to go in the ground within the next couple of weeks.
BRAVO! BRAVO!
I have not been past the site since planting has gotten into full swing. I will check it out.