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I'm not aware of any EXIM requirements to be listed anywhere on any exchange or even be a public company, and NioCorp was on OTC when they received the LOI (and obviously when they applied for the LOI). Up until 8/31/2023, EXIM did not lend to U.S. companies under MMIA.. That first domestic loan went to Aquatech, a private company. Prior to domestic loans becoming available, it is possible many foreign recipients did not trade on a U.S. exchange. EXIM's rules for project eligibility for domestic companies are laid out and make no mention of public/private status or exchange listings. The application is the same for foreign and domestic companies.
https://www.exim.gov/news/export-import-bank-united-states-approves-financing-for-first-ever-domestic-manufacturing
https://www.crunchbase.com/organization/aquatech
https://www.exim.gov/about/special-initiatives/make-more-in-america-initiative
https://img.exim.gov/s3fs-public/forms/eib95-10all.pdf
I am also not aware of any EXIM requirement for a 3rd FS, especially given the LOI was based on the previous FS.
Just because I'm not aware of it doesn't mean it's not there, I could be wrong. The nice thing about gov't is that processes have to be fairly transparent and should be the same for all.
VBS4 and VR/XR related industry news
Crowd Simulation Training Integrated with VBS4
https://www.halldale.com/articles/22669-mst-crowd-simulation-training-integrated-with-vbs4
According to the web site, EXIM has received one comment so far on its Information Request on Financing Support for Critical Minerals Projects on the Federal Register. While there is a link to view the comment, it does not appear to be viewable. This is apparently not unusual, as not every comment is made publicly available to read according to the FAQ.
14 days remaining.
That's not the point. I don't use Covert products and likely never will. KG had good products and now they're MIA. The web presence is amateurish at best and now they specifically point you to a place that "plays a crucial role in facilitating the distribution of Kona Gold's products, ensuring wider accessibility to consumers across various markets" that doesn't even have KG listed as a partner. It's lame.
Why recycling metal is an opportunity too good to waste
Apr 22, 2024
This Earth Day, Let’s Secure America’s Mineral Future
By Drew Horn
April 22, 2024
AI to spark 10-year Supercycle in Critical Minerals, The Oregon Group forecasts
CNW Group
Mon, Apr 22, 2024, 7:30 AM MDT2 min read
TORONTO, April 22, 2024 /CNW/ - The explosion of Artificial Intelligence (AI) is expected to trigger a 10-year critical mineral supercycle, according to a new report. The Oregon Group predicts the massive energy needs of new AI data centers will increase pressure on mineral supply chains already under strain to meet global net-zero targets.
The report examines key trends affecting the growth across the sector, including:
-nuclear energy and uranium
-renewable energy and battery metals, including cobalt, graphite, lithium, nickel, manganese, rare earths, fluorspar
-expanding electricity grids driving copper demand
-and tin, essential for soldering across the tech revolution
This growth in demand is driven by a potent combination of technology companies, consumer and business demand, and government support, all racing to maintain a global cutting edge.
The large tech companies are betting hundreds of billions on new data centers — Amazon plans to spend US$150 billion over the next 15 years on data centers — as they are already facing challenges to their ambitions of AI growth.
Years of underinvestment in new mines, concentrated supply and processing in high-risk regions, as well as rising demand for minerals to meet net-zero targets, means supply will struggle to keep pace with the potential AI demand that is only now starting to be appreciated.
The report highlights NVIDIA's soaring stock price, a proxy for investment in the AI revolution, as a signpost that the supercycle is already underway.
McKinsey forecasts generative AI has the potential to generate value equivalent to $2.6 trillion to $4.4 trillion in global corporate profits annually.
The combined incentives of significant corporate profits, technological advancements, environmental restrictions and consumer pressure, will overcome many of the obstacles to investment across the sector, even those hindering net-zero targets.
To learn more about the new critical mineral supercycle and key trends, you can access The Oregon Group's new report, entitled "Artificial Intelligence and the next Critical Mineral Supercycle" by visiting our dedicated website section for the market report.
About The Oregon Group
The Oregon Group is an investment research company focused on a variety of key investment trends related to critical commodities, technology and the energy transition.
For more information, please visit theoregongroup.com
https://finance.yahoo.com/news/ai-spark-10-supercycle-critical-133000334.html
Full Report - specifically mentions neodymium
https://theoregongroup.com/themencode-pdf-viewer/?file=https://theoregongroup.com/wp-content/uploads/2024/04/Artificial-Intelligence-and-the-next-Critical-Mineral-Supercycle-The-Oregon-Group.pdf
And of course, no mention of KG on the Surge site. 🤪
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024
Apr 22, 2024, 08:30 ET
MELBOURNE, Fla., April 22, 2024 /PRNewswire/ -- Kona Gold Beverages, Inc. (OTCPK: KGKG), a leading holding company specializing in innovative product development within the better-for-you and functional beverage sector, proudly announces its eagerly awaited first production run of HighDrate D9 Drinks, scheduled for May 17, 2024.
The introduction of HighDrate D9 Drinks marks a significant milestone for Kona Gold, as the company expands its offerings with these innovative beverages. Crafted to cater to health-conscious consumers, the HighDrate D9 Drinks will debut in two enticing flavors Watermelon and Blueberry/Lemonade, offering a refreshing and revitalizing drink experience.
"We're thrilled to announce the commencement of our first production run for HighDrate D9 Drinks," said Brandon White, Chairman of Kona Gold Beverages, Inc. "With robust pre-sales and a market eagerly awaiting our production, we're confident that our new line of beverages will not only meet but exceed consumer expectations."
Kona Gold Beverage, Inc., through its subsidiaries Kona Gold LLC and Covert LLC, has established a reputation for delivering premium, healthy energy drinks and products. HighDrate D9 Drinks represent the latest addition to its diverse portfolio, further solidifying the company's commitment to innovation and meeting evolving consumer demands.
Kona Gold management is continuing to revitalize the brand with its anticipated refresh of www.konagoldbeverage.com website. Developers are working hard on a refreshed investor-focused website that will reflect the Company's new direction highlighting its recent acquisitions, new product lines, and pertinent Company information for current and future shareholders.
In addition to its announcement regarding the production run, Kona Gold Beverage, Inc. also wishes to highlight its partnership with Surge Distribution Company. Surge Distribution Company plays a crucial role in facilitating the distribution of Kona Gold's products, ensuring wider accessibility to consumers across various markets.
For more information regarding Surge Distribution Company, please visit: https://surgedist.com/
About Kona Gold Beverage, Inc.:
Kona Gold Beverage, Inc., operates as a holding company in the beverage industry. Through its subsidiaries, Kona Gold LLC and Covert LLC, it offers a diverse range of healthy energy drinks and products. Kona Gold's premium line of energy drinks caters to health-conscious consumers, alongside its innovative HighDrate D9 Drinks. Covert LLC specializes in high-quality products, including Delta-8, THCa, THC-P, and Kratom. Headquartered in Melbourne, Florida, Kona Gold Beverage, Inc. is actively engaged in expanding its market presence through strategic acquisitions.
For more information regarding Kona Gold Beverage, please visit: https://konagoldbeverage.com/
Investor Relations Contact:
Phone: 844-714-2224
Email: investorrelations@konagoldbeverage.com
SOURCE Kona Gold Beverage, Inc.
Thanks, appreciate the feedback. I’m honestly ok with the dips and see them as an opportunity until there’s something tangible to support and sustain an increase. When that happens, it should be significant, and it could be soon.
I’ve met the three of them and got the sense they truly believe in this project and that’s important to me as an investor. Met another CEO with somewhat similar circumstances at the time (toxic funding, reverse splits, uplist that didn’t go well despite tailwinds, but a great product and a dedicated team), and while it took a LONG time, that company is well on its way to big things. And big profits.
It’s a big nut to finance and get operational, but the timing is right. If NioCorp can be involved in the full cycle of life of these minerals, there is tremendous opportunity here.
I'm not the least bit intimidated or gun shy, trust me! Just don't have have a dog in this fight. I'm sure the same people will always find something else to bitch about forever, like, the dividend is too low!
1. Mark Smith/Niocorp promised things that didn't come to pass.
-Wasn't here, seems to be doing pretty well now.
2. There was a reverse stock split that impacted the share price.
-Yup, and knew it was coming when I first bought which is why I started small and waited.
3. The uplist was a grave mistake.
-I don't think it was, I don't care, it happens and what's done is done.
4. The stock is at all time lows.
-It won't be forever, I'll wait and keep buying in the mean time.
5. Niocorp doesn't produce anything.
-Well, no shite. Yet. Thank you, Captains Obvious
6. NioCorp resorted to dilutive financing.
-As do many other later successful companies trying to get going.
7. Everyone on the management team gets a salary!
-From what I've seen of what's happening, I don't think it's outrageous.
Recently, these things and others have consumed this board to the point of ridiculousness. While there's been a lot of news in the industry recently, there hasn't been a ton specifically relevant to NioCorp's situation so haven't been posting as frequently.
I'm not here to fight long lost battles or comfort the wounded but I'm happy to share what I learn if it helps. I'm on a mission to put a star on top of my retirement Christmas tree. If I had been concerned about the reasons that stocks go up and down since they started trading in 1602, I could have walked away green 9 days ago.
https://www.oldest.org/technology/stock-exchanges
I didn't sell. I CHOSE not to, I'm not a day trader. No one held a gun to my head and made me hold shares when there was nothing propping them up. I made a choice to stay and dive in even deeper based on my research and that of others who would rather educate than demean. Many here have tried to share their research and that positivity and are met with same negative comments every day. I'll say it again, I don't think Mark is the best guy to lead us into the future...BUT (and it's a big BUT!), if he pulls all these threads together (NioCorp. IBC, Vanadium, Recycling etc.) into a beautiful Vicuña sports coat, I'll wear it his coronation.
https://www.masterclass.com/articles/vicuna-wool-guide in case you don't know what it is
I'm buying, so $1.20 in the next couple of weeks? I like it!. Was the SPAC a bad deal that he maybe bought into because, at the time, it may have looked like the best option? We're still 3+ years from production at best. Maybe people move on? How are people trading mining stocks? Do they watch daily commodity price swings? I have no clue because this is the only one I have and prices 3 years from now have no relevance to me since governments know they're behind the 8-ball, they need these things and they're actively engaged in pricing in their safe and secure production along with ESG. Private industry is scrambling to try and meet the demand and global unrest is a thing under Brandon. I am singularly focused on the real possibility of imminent funding and subsequent production. I think the more important question is why do you think the price keeps going down? Do you think it's going down because someone has inside info that EXIM isn't going to happen? By the way, explain the negative impact of de-listing from TSX (genuinely curious) when it saves them money and there's no overwhelming reason to be there. Everything I see is green lights but I can wait 4 years if I have to.
Regarding REEs in 2021 - you would have to know that they're profitable to include them in processing and an already very expensive FS, and until recently, China was controlling sources and pricing. That's all changing through legislation and funding and ESG and global demand and supply chain security and green energy and and and. Canada seems to be even more focused on this than the U.S. but I think the message is getting out.
*****************
AO, really appreciate the acknowledgements, but honestly, I'm staying as far outside of this as I can. I respect that many aren't pleased with what they were told or the timelines here, but between the obvious angst, anger, depression, regret, superiority complexes, apparent substance abuse, and repetitive BS, this board could be the unhappiest place on the interwebs! I have no inclination to engage with juveniles who call people names like idiot and moron etc. on an internet MB (the epitome of childishness), no inclination to engage with folks who can only repeat the same tired message time after time, no inclination to engage with anyone who acknowledges that they don't own the stock they're constantly bitching about...not inquiring about or researching about, just bitching about. I wasn't around in the olden times and I've bought enough since my original purchases to bring my average close to $3. I'll go after some more on Monday morning below $2.50.
IF what I strongly believe will happen (and soon), happens, then I will celebrate my win. If not, I guess I wait. I don't wager what I can't afford to lose. The Homer I hope to be one day:
Here ya go, Joe.
The Effect of Imports of Neodymium-Iron-Boron (NdFeB) Permanent Magnets on the National Security (2/2023)
I agree! They/we can absolutely ride this wave if NB can get it together! The next couple of months is critical.
There is significant interest in recycling critical minerals and magnetic rare earths on the government level and that potentially opens doors to additional funding pots.
I like the idea that IBC will become part NioCorp once the funding waterfall starts (and I believe it will - soon). IBC market cap is $7.3 million. The budget had $10 million for AlSc production. Coincidence? Who came up with $10 million and why? Does NioCorp get all of it? Did it come to the senator and congressman in their sleep? Did they get it off a Ouija board? Would a 25% increased share price buyout (probably more when the $10million was sought) be palatable to IBC? AlSc alloy isn't the only alloy that can be made using scandium, titanium, niobium, terbium, praseodymium, neodymium and dysprosium. Throw in some Vanadium for a titanium alloy and whatever else he's got in his bag of goodies, and it sounds like a match made in heaven! One stop shopping for lots of your REE and alloy needs! Could they even start processing ores from other mines that are currently going offshore? I think he's looking for a series winning walk-off grand slam rather than a game winning home run. Hmmm. Fun to think about.
I'm not scared! I'm a buyer down here!
But this is Kona Gold, not Relax, so that does us no good! I'm sure the Relax CEO is on his game, whoever he is.
Woohooo GREEN DAY! 😀
Not that I saw and I think one trade was over 34k @.0249
No one in particular. Just a general observation.
The SAFE Summit (a national summit with political and global industry leaders committed to transportation, energy, and supply chain policies that advance the economic and national security of the United States, its partners, and allies) organizers scheduled the presentation from a “Trash CEO” immediately following the EXIM chair, right after she was touting the financing of future U.S. supply chains, in the morning, on Day 1, and they even allowed him to publicly thank her and mention that they had a loan pending, knowing that he’s a “Trash CEO” and consequently the loan has no chance of being approved. Makes perfect sense!
The websites are still a train wreck. Dead links for the products at the bottom of the pages in the gray area:
https://konagoldbeverage.com/kona-gold-hemp-energy-drinks/
https://konagoldbeverage.com/highdrate-cbd-energy-waters/
I thought this was the new can design, but the website says:
Notice of Request for Information (RFI) on Critical Materials Market Dynamics
Signed in Washington, DC on April 11, 2024
AGENCY: Office of Manufacturing and Energy Supply Chains, Department of Energy.
ACTION: Request for information. Responses to the RFI are requested by 30 days (5/17/2024)
SUMMARY: The Department of Energy (DOE or the Department)’s Office of Manufacturing
and Energy Supply Chains seeks public comment on market dynamics for critical materials,
including non-competitive practices and price volatility, to identify potential ways DOE can help
address these concerns.
My two cents...Stellantis may want the FS more than EXIM because they want the REEs, although the Scandium will help with light-weighting and they know what's in the ground. The reason Stellantis hasn't ponied up any money (and likely anyone else yet) is written in the PR of the term sheet. Why would a company or other gov't agency throw money at a project that hasn't yet been able to raise the 100s of millions needed to make their investment feasible?
Re warrants: The date of this prospectus is May 9, 2023
Closing date was March 17, 2023
So $10.2835/share
I have no insider access and no secret knowledge of mining. All I’m doing is researching what’s publicly available and posting it for all to see and assess on your own. You know what I know. I think it’s extraordinarily difficult to take a position that this EXIM funding isn’t going to happen, as well as all (or most) of the other money (Stellantis and?), as well as possibly others (DoD, DoE), and I’ll be the first to admit I’m wrong, if I’m wrong, which would suck because I lose too. 🤷♂️
I mentioned the additional 30 days which is basically a last ditch effort directed to the public/industry to say, “Hey, we’ve researched the crap out of this with experts for months, and we think it’s a good idea, but because it’s the gov’t, we have to ask you if you can you convince us it’s a bad idea?” You have 30 days. Go!
Mark said that no entity that had passed the first level EXIM review, that still wanted the loan, had ever been denied.
The questionnaire has 24 days remaining. If EXIM is ready to move forward after that, the subsequent posting on the Federal Register for public comment for 30 days is likely just window dressing, maybe akin to someone objecting at a wedding.
Jim responded to a question they are in daily contact with EXIM reviewers so they know what's been asked for and what's been delivered, and may even know what's been commented on to this point. They likely have a very good sense of what direction things are going.
Jim responded to a question, "Fortunately, the Export-Import Bank of the U.S. is charting its own path in terms of seeking to finance domestic critical minerals mining and processing projects." I think this says it all.
If one accepts these as a realities, we may very well know mid-May whether this loan has been at least preliminarily approved by the board. Does that position NioCorp much better regarding this new loan?
EXIM can fund up to 80% of the final cost so if they're willing to up the number for Perpetua based on a 2020 feasibility study and post pandemic inflation, why not NioCorp and $960 million (+)?
https://www.reuters.com/markets/commodities/perpetua-resources-gets-nod-seek-18-bln-us-loan-antimony-mine-2024-04-08/
Did EXIM anticipate 6-9 months initially but then realize it was actually closer to a year for the process to go through once they started evaluating something they had never done before, a domestic mining project?
The National Defense Stockpile Transaction Fund still has $399,946,209 (73.7%) left this year
https://www.usaspending.gov/federal_account/097-4555
Dots...
More on potential domestic sources of niobium
Critical Mineral Resources: The U.S. Geological Survey (USGS) Role in Research and Analysis
April 5, 2024
More dots? Niobium in science, energy, weapons, and funding...
https://netl.doe.gov/node/13552
Regarding your question on domestic competition...
Niobium
Volume: 4
CBMJ
Conservative Broadcast Media and Journalism Inc (PK)
0.51855
0.00 (0.00%)
Volume: 4
Last Trade Time: 11:19:58 AM EDT
Good article on NEPA
The Impact of the National Environmental Policy Act (NEPA)
Apr 09 2024
https://www.womblebonddickinson.com/us/insights/articles-and-briefings/impact-national-environmental-policy-act-nepa
There is significant industry/government investment news almost daily. One day soon, "NioCorp" will be in the news.