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Those numbers still look great grunt!! Plus when they complete the F.S. With all the goodies! The byproducts of CaCO3, MgCO3 & some Fe stuff should be included too…
Waiting with many…
ALL/Greatly appreciated Norcal! Thank you for following up & sharing your responses to recent relevant questions asked to management! It gives us all a good idea of where we stand, while we wait for material news to be announced as it becomes available.
SEE REPONSES TO QUESTIONS ASKED APRIL 1, 2024 & APRIL 5th, 2024 BELOW:
Jim could you please offer commentary where possible on the following questions.
Given Exim's Bank continued commitments in moving towards financing vital & viable Critical Minerals Projects.
1) Where does Niocorp stand in the current EXIM process? Was another firm/team employed to continue moving along NIOCORP'S EXIM Bank financing process? (Please comment where you can.)
MARCH 21, 2024,~ EXIM BANK - ASM receives US$600M (A$923M) Letter of Interest from US EXIM BANK:
https://asm-au.com/asm-receives-us600m-a923m-loi-from-us-exim-bank/
Australian Strategic Materials (ASM) is pleased to announce it has received a non-binding Letter of Interest (LoI) from the Export-Import Bank of the United States (US EXIM) to provide a debt funding package of up to US$600 million (A$923 million) for the construction and execution phase of the rare earths and critical minerals Dubbo Project.
Highlights
LoI from US EXIM bank for up to US$600M (A$923M) in debt financing package for Dubbo Project
US EXIM is the official export credit agency of the US federal government
US government support is a catalyst to increase customer and financing focus in North America
LoI from US EXIM is in addition to A$200M Letter of Support previously received from EFA
Dubbo Project is a construction ready, globally significant and long-life rare earths and critical minerals project
*****REMEMBER BACK ON MARCH 6th 2023 ********
"Could NIOCORP FINANCE FIRST????".... I AM STAYING TUNED WITH MANY!!!
Export-Import Bank of the United States Issues Letter of Interest to NioCorp for Potential Debt Financing of up to $800 Million for NioCorp’s Elk Creek Critical Minerals Project
https://www.niocorp.com/niocorp-receives_800-million-letter-of-interest-from-exim-bank/
CENTENNIAL, Colo. – March 6, 2023 – NioCorp Developments Ltd. (“NioCorp” or the “Company“) (TSX:NB) (OTCQX:NIOBF) is pleased to announce the receipt of a Letter of Interest from the Export-Import Bank of the United States (“EXIM“) for potential debt financing of up to $800 million through EXIM’s “Make More In America” initiative to fund the project costs of NioCorp’s proposed Elk Creek Critical Minerals Project.
EXIM’s communication to NioCorp states: “We are pleased to extend this Letter of Interest in support of the proposed capital funding plan by Elk Creek Resources Corp. for the Elk Creek Project. Based on the preliminary information submitted on expected exports and jobs supported, EXIM may be able to consider potential financing of up to $800,000,000.00 of the project’s costs under EXIM’s Make More In America initiative.” Elk Creek Resources Corp. is a Nebraska corporation wholly owned by NioCorp.
A project finance letter of interest from EXIM represents only a preliminary step in the formal EXIM application process, and the Letter of Interest states that the communication “does not represent a financing commitment” and “is not an explicit indication of the financial or commercial viability of a transaction.”
NioCorp expects to submit an application to EXIM to begin the first phase of the underwriting process (“Phase I”) as soon as possible. As stated in the Letter of Interest, “Upon receipt of NioCorp’s application for financing, EXIM will conduct all requisite due diligence necessary to determine if a Final Commitment may be issued for this transaction.” The process from submission of a Phase I application to a final commitment of financing by EXIM, if any, is expected to take approximately six to nine months and is subject to a number of risks and uncertainties. See “About NioCorp’s Application Process” and “Forward-Looking Statements Disclaimers” below for additional information. As explained in the Letter of Interest, “Any final commitment will be dependent on meeting EXIM’s underwriting criteria, authorization process, and finalization and satisfaction of terms and conditions. All Final Commitments must be in compliance with EXIM policies as well as program, legal, and eligibility requirements.”
“We are very pleased with this Letter of Interest from the Export-Import Bank of the United States for NioCorp’s Elk Creek Critical Minerals Project, and with the fact that we may qualify for as much as $800 million in debt financing from EXIM,” said Mark A. Smith, Chairman and CEO of NioCorp. “We look forward to finalizing and submitting a formal loan application to EXIM and working closely with them through this process.”
The debt financing is subject to the satisfactory completion of due diligence, the negotiation and settlement of final terms, and the negotiation of definitive documentation. There can be no assurance that the debt financing will be completed on the terms as described above or at all.
As noted on EXIM’s website, in February 2021, President Biden signed Executive Order 14017 directing an all-of-government approach to assessing vulnerabilities in – and strengthening the resilience of – the United States’ critical supply chains. From that Executive Order, the White House released findings from its comprehensive 100-day supply chain assessments for four critical products: semiconductor manufacturing and advanced packaging; large capacity batteries, like those for electric vehicles; critical minerals and materials; and pharmaceuticals and active pharmaceutical ingredients
SEE ALSO:
MARCH 21st, 2024 ~Two years after start of Ukraine war, Russian titanium keeps flowing to West
https://www.washingtonpost.com/world/2024/03/21/russia-titanium-exports-sanctions/
FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE:
Looks like EXIM is following their plan too! Waiting with many & staying tuned!
Chico
Excellent information & opinion GMAN! I agree... The DOD is very interested in all of the minerals the Elk Creek mine will produce! Including TERBIUM (considering what it is used for! 😜) Take a peek at the following additional information which I have posted & shared.
https://www.reddit.com/r/NIOCORP_MINE/comments/197n41k/niocorp_dod_releases_first_defense_industrial/
Jan. 12th, 2024~ DOD Releases First Defense Industrial Strategy
DOD Releases First Defense Industrial Strategy > U.S. Department of Defense > Defense Department News
The Defense Department today released its first strategy for ensuring that the U.S. defense industrial base meets the demands of a challenging national security landscape well into the future.
The 59-page National Defense Industrial Strategy lays out long-term priorities that will guide DOD actions and resource prioritization with the aim of creating a modern, resilient defense industrial ecosystem designed to deter U.S. adversaries and meet the production demands posed by evolving threats.
SEE RELEASED REPORT BELOW:
2023-NDIS.pdf (businessdefense.gov)
January 8, 2024 ~FY2024 NDAA: Defense Industrial Base Policy Updated:
Background
The defense industrial base (DIB) is the network of organizations, facilities, and resources that supplies the U.S. government—particularly the Department of Defense (DOD)—with materials, products, and services for defense purposes. The DIB is large and complex, encompassing private and public entities engaged in activities ranging from basic research to the assembly and delivery of complete weapons systems (for more information, see CRS Report R47751, The U.S. Defense Industrial Base: Background and Issues for Congress). Given its role in enabling military operations, the DIB tends to receive considerable attention from Congress, particularly as part of the annual defense authorization and appropriation process
FY2024 NDAA: Defense Industrial Base Policy (congress.gov)
In Regards to SCANDIUM- Take a peek at what may indeed be going on behind the scenes.... & "Jim did state the U.S. Govt. works SLOW!!!"
https://www.reddit.com/r/NIOCORP_MINE/comments/1937vm0/niocorp_rare_earth_magnets_outside_asia/
A NICE READ WITH COFFEE! =)
Select Committee Adopts Proposal to Reset Economic Relationship with The People's Republic of China | Select Committee on the CCP (house.gov)
reset-prevent-build-scc-report.pdf (house.gov)
SEE ALSO:
https://www.reddit.com/r/NIOCORP_MINE/comments/18xi5p6/niocorp_niccorp_responds_to_recent_questions_on/
FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE:
Waiting With many..... C'mon already DOD, EXIM, DoE/LPO, STELLANTIS or any other option!!!!! LET'S GO NIOCORP!!!
Chico
Thanks for posting such relevant topics GMAN! Catching up reading your posts & those of others today! "Much appreciated!" Jim did state NIOCORP HAS BEEN ENGAGED with both PRIVATE & GOVERNMENT entities for a good amount of time now. (I have posted Jim's/Niocorp's responses to those relevant questions in several past posts)
Jim also stated "The Government tends to move SLOWLY!!!"
Reading your posts confirms the facts stated above. EXIM, STELLANTIS or OTHER GOVT. ENTITIES are engaged. "SLOW but sure now.... as I think all understand the GLOBAL circumstances now/finally." Many here have known the U.S. needs more Critical Minerals for YEARS!! & are still here & invested in the Elk Creek Project...including myself.
Waiting with many here for material news as it becomes available!
I.E. Early 2024 F.S.
EXIM Finance
Stellantis anchor investment
or ANY Combination of "Interested Parties both Private & Govt." (D,E,F,G....)
The Wheels are turning...still. Even the small draw down sources to keep the lights on are "INTERESTING"!!!
LET'S GO NIOCORP!!!
Chico
Hey GE! Appreciate the kind words…. However Scott Honan sent all the images to Richard! He asked me to post them. So all accolades belong to Richard & C.O.O. Scott Honan 😜
Those pictures were just a nice “hint” of what should be on the way.
Let’s go Niocorp!!!
LOL NORCAL....! Just trying to ask & share relevant information with many here & also pick up shared information from others...Many post excellent Pro & Con materials. Others.... "Not so much..."
IMHO -Niocorp's Team is on a path to construction. (Just taking A Lot longer than we all thought... "Govt. CHEESE is indeed involved" Go figure Right!!!
Now that I think about it, Dutch ....
"Chico's Shaft" does have a nice ring to it! 😜 Just an average shaft. A shaft that doesn't run "Too Deep", yet gets the job done!
Nah... I like Graffiti Better
"Gotta Keep my SHAFT COVERED!" 🤣
One of these Days Norcal - Niocorp May get this built yet!
Holding onto my front row seats with many into the 2024 Season....
Perhaps "This is THE YEAR 2024?!!"
Yada yadda....
Stellantis’ STLA (Stella) platform: Everything we know from a 2021 article on announcement of platform:
https://topelectricsuv.com/featured/stellantis-stla-platform/#USD_30_billion_investment
STLA platform powertrain & battery
Models based on the STLA platform will use third-generation electric powertrains. Michael Bly, Head of Global Propulsion Systems, Stellantis, said at the Stellantis EV Day 2021 that the optimized, integrated 3-in-1 electric drive module allows power systems that can produce 70-330 kW (95-449 hp), driveline flexibility of FWD, RWD, and AWD, and 4xe.
Using Nickel Cobalt-free cells in lower-end models and Nickel-based cells in higher-end models would reduce the environmental impact. Image Source: Stellantis
2024 onwards, the group plans to have a dual-chemistry strategy for its EV battery cells. It will likely use Nickel Cobalt-free cells in lower-end models and Nickel-based cells in higher-end models. Cobalt availability is scarce and is often linked to unethical extraction practices. The pack configuration will vary initially, but from 2026, it will switch to one unique cell-to-pack design.
Compared to 2020, the company sees costs go down by more than 40% at a module level in 2024 with module simplification, cell-size increase, and chemistry upgrade. Jean Personnaz, Electrified Powertrain Engineering, Stellantis, revealed these details at the Stellantis EV Day 2021.
March 2, 2023 Stellantis (STLA) to Invest $155M Each in Two New Projects
https://finance.yahoo.com/news/stellantis-stla-invest-155m-two-142002272.html
I'm not touching that one with a ten foot "Pole"! (Pun intended!) Just a ride down & look inside the beastie would be very cool indeed! but perhaps I could leave some Graffiti! "Chico was here! "lol eom
LOL Dutch! Not sure about a road? but maybe a ride down into the mine once/during build out would be very cool indeed!
Hugs to you & the misses!
Nice Find PM! Thank you for sharing... Stellantis does have access to some righteous capital $$$ & is making some moves in the U.S. to shore up a domestic supply for manufacturing here in the U.S. on several fronts. GM has already secured magnet manufacturing & REE's from MP Materials which is owned (10% by Shenge in CHINA!)
https://gmauthority.com/blog/2022/04/gm-and-mp-materials-announce-definitive-rare-earth-alloy-and-magnet-supply-agreement/
MARK SMITH~ during the Stellantis OFFTAKE TERM SHEET signing announcement qoute:
Hey PM- That remains to be seen/disclosed! Dr. Matheson did state that in addition to Scandium. NanoScale also has patented Titanium & Rare Earth ablities. PLUS- I think He also stated that Niocorp "COULD" collaborate with OTHER ENTITES for different processes! (At least I think he said something like that too!)
PM- I think there was a mention of possibly doing that. Jim would not directly respond yes or no! just
NEW RESPONSES TO QUESTIONS from management & a Trail to a 2024 F.S. & FINANCE:
ON AUGUST 9th, 2023,~ Nebraska’s U.S. Senator Deb Fischer and Congressman Don Bacon Secure $10 Million in Federal Funding for U.S. Aluminum-Scandium Master Alloy Production:
https://www.niocorp.com/nebraskas-u-s-senator-deb-fischer-and-congressman-don-bacon-secure-10-million-in-federal-funding-for-u-s-aluminum-scandium-master-alloy-production/
2024 Metalysis Aluminium Scandium Product – Materials Specification
https://metalysis.com/wp-content/uploads/2024/01/Metalysis-Aluminium-Scandium-Product-Specification-2024.pdf
****Those companies wishing to utilize Scandium into semiconductors here in the U.S. can take full advantage of the NEW TAX INCENTIVES & CHIPS ACT by utilizing sourced "Critical Minerals" here in the U.S.
WOW up to - 36% SCANDIUM being used & how it is being utilized (5G, Semiconductors, 3D printing etc. !!!) I wonder IF NIOCORP is also collaborating with them, given they have a subsidiary in ENGLAND???
Even NanoScale Powders confirmed the fact Niocorp can/might be (or is allowed to be) in talks with other entities for not only Scandium but all the other goodies too! "I think!"
Form your own opinions & conclusions above:
Chico
Yes! TY -PM that is correct. My error in units while responding to your question or when I post it's early & need coffee or make errors! eom
1kg= 2.205 lbs so 1,000 kg x 2.205lbs. = 2,205 lbs (= one metric Tonne)
A U.S. ton = 2,000 lbs. there is a difference.
Either way the pricing for those New “Waste” Byproducts is darn Interesting 🤔I think!
Especially when Scott Honan tells us Niocorp has several customers that “might” want to buy it ALL! & Niocorp “May” not have to add them into the backfill but get paid for them$$$.
Plus the team is proving out at demonstration scale they can also produce those products at 99% purity +\_ in addition to the Sc,Nb,Ti & REEs… Thus utilizing everything the mine can produce.
I would think any entities looking at that would be very happy should all be proven into the Final 2024 F.S.
I can only speculate above, but I can understand why it is taking a bit longer to drop the F.S.
We are all waiting to see the final numbers and finance.
Quick post with some Highlights of yesterdays presentation....
NIOCORP~ Attending the Mine-to-Magnet Workshop sponsored by Lockheed Martin on January 16-17, 2024....
Mine-to-Magnet Workshop
https://www.ndia.org/events/2024/1/16/mine-to-magnet
Thanks for posting Hetfield! Given the Synergies of Stellantis/DoD/Niocorp/Neo Performance Materials & Magnequench See the following link:
https://www.reddit.com/r/NIOCORP_MINE/comments/1937vm0/niocorp_rare_earth_magnets_outside_asia/
MARK SMITH~ during the Stellantis OFFTAKE TERM SHEET signing announcement qoute:
Norcal- My 2024 F.S. prediction- I would very much like to see Niocorp's share price much higher than $3 share!
I do like many of the boards HIGHER SHARE PRICE SPECULATIONS INDEED!!! =)
MY 2024 F.S. PREDICTION of Average Annual Gross Revenue Before OPEX
(ALL SPECULATION & GUESSING ON MY PART)
Sc2O3 - $355,368,421
Nb - $226,458,000 -(An 8% increase)
The pricing for Titanium Dioxide varies greatly. Given Niocorp only quoted .99 (2022 F.S.) I am using a price point of $200/mt of the quoted pricing below:
800,000,000kg / 2,204kg = 362,976 mt x $200 = $72,595,281
Titanium Concentrate (TiO2=46%) price historical Data
https://www.metal.com/Titanium/202007280003
What Niocorp intends to produce "TRICKLE" SPONGE GRADE & maybe other grades as well has a price point of @$1,100/mt +/- (Very interesting indeed) 362,976 mt x $1,000 = $362,976,000 Oh my! ....
But I'll Use:
(TiO2=46%) - $72,595,281
Viable Rare Earths T.B.D.
My guess will produce the following when compared to MP materials & 3 other U.S. projects (& This could be low!) :
600 tons per year Ny/Pr = 600,000kg x $173 = $103,800,000 (not far off Grunt's estimate!)
24 tons per year of Tr = 24,000kg x $2,383 = $57,320,000
120 tons per year of Dy = 120,000kg x $495 = $59,400,000
Total REE annual value prior to OPEX = $220,392,000 Million
~ & I THINK Niocorp's numbers for Dy & Tr might be a touch more! 30mt & 170mt respectively???~
Viable Rare Earths T.B.D. = $220,392,000
Average Annual Gross Revenue
Sc2O3 - $355,368,421 or 41%
Nb - $226,458,000 or 26%
TiO2=46% - $72,595,281 or 8%
Viable Rare Earths - $220,392,000 or 25%
Total Average Annual Gross Revenue = $874,813,702
IF YOU TAKE AWAY ALL THE SCANDIUM = $519,445,281
IF YOU ONLY PRICE THE SCANDIUM Half Value = $697,129,492
PLUS YOU HAVE BYPRODUCTS CaCO3 & MgCO3 - If you do some D.D. you might do a happy dance as these are not too shabby either & they will have ALOT OF IT! Probably close to TITANIUM Tonnage? (All Speculation & GUESSING ABOVE on my part of course!)
HENCE I STILL STAND BY MY CALL OF Niocorp "Could" now push earnings to $600 to $700Million/year
FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE:
I posted my $24/share price back in mid 2022.~(Hoping for an under-estimate & over-deliver option! lol) ~ My speculations of future share price are indeed very "conservative at $24 to $31 once in production"! Before the R.S. (@ 2027 IF they get Financed in 2024 & start)
I too can see/speculate much higher than $24/share once in production. What I would like to know is WHY did Niocorp finance/pay for the Edison Report using the OLD 2022 F.S. when an EARLY 2024 F.S. is just around the corner? With all the NEW & Improved Economics!???? I did send an email to Jim about that...
Waiting with many
Chico
Thanks BM! Appreciate your opinion and input.
What a beast Niocorp will be with mine to processing and production, off-take agreements etc. & future products!
Niocorp’s critical minerals will Plug & Play into both Govt. & Private Entities very easily. I’m eagerly awaiting to see what Dots connect now & an Early release of the 2024 F.S.
Also keeping an eye on-
Neo Performance Materials (Magnequench) which is rumored to be interested in building a U.S. magnet facility similar to the new one being currently built in Europe. (Niocorp U.S. REE oxides would fit right in!)
Stellantis - (mou) wants to lightweight big time! Scandium Aluminum battery boxes & so much more… not to mention the DoD is interested!
Screams a trifecta- Niocorp/Neo/Stellantis partnership to me… (pure speculation on my part!)
Plus the New Niobium oxide & Titanium TlCl4 “tickle”! That screams battery anode and Titanium Sponge to me. Can’t wait for offtake news on Niocorp’s last 25% of niobium production or who takes the Tickle?
Waiting a bit more…. With many. All up to Niocorp now to bring the Finance needed!
Thanks again for pointing that out! They are using the old 2022 f.s.
I’m sticking with $24 at production in 2027 ish! Lol 😝…. (Might be high & might be low… )
All Pending a finance of course…
Our timelines are not too far off either!
Thanks Grunt!
Thanks Tante.... Well researched & awesome report on the Elk Creek Project. Not sure I agree with his Low valuation of $7/share as I think $10 to $14 after the R.S. is fair imho... but Niocorp share are less than $3/share & I am not happy here at all with many!
Chico
Thanks for sharing your thoughts & opinions GRUNT! Your Speculations are very close to mine in many ways. As I have also posted here that Niocorp once in production should achieve $24/share & $600M earnings before OPEX once in production.
****I have (SPECULATED) THE FOLLOWING:
****(BUT RUN YOUR OWN NUMBERS & SEE WHAT YOU COME UP WITH!)
REE production “North of 750 tons per year!” per Scott Honan NioCorp Developments has a " very Large Rare Earth deposit" in Nebraska
https://www.proactiveinvestors.com/companies/news/982962/niocorp-developments-has-a-very-large-rare-earth-deposit-in-nebraska-982962.html
My SPECULATION ~ ****As these might be OLD PRICING VALUES****
TAKE A PEEK AT MY OLD D.D. for U.S. Advanced Jr. Miners. (A LOT HAS CHANGED & NIOCORP is standing tall imho!) POST # 88085
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170786541
NIOCORP will produce the following when compared to MP materials & 3 other U.S. projects (& This could be low! NIOCORP could produce 1000 TONS PER/YEAR given the metrics of the deposit IMHO!)
600 tons per year Ny/Pr = 600,000kg x $134 = $80,400,000
24 tons per year of Tb = 24,000kg x $1,800 = $43,200,000
120 tons per year of Dy = 120,000kg x $260 = $31,200,000
Total REE annual value prior to OPEX = $154,800,000 Million at 750 Tons/yr.
~ I THINK Niocorp's numbers for Dy & Tr might be a touch more! 30mt & 170mt respectively??? I wouldn't put it past SCOTT & the Team to be able to push output to 1,000 Tons per year!??T.B.D.~
That’s $150M plus +~ in additional earnings (Before Opex).
**NOTE: This doesn’t include increased recovery rates for the Nb & Ti $$$.
My NEW TITANIUM oxide TlCl4 "TICKLE" Ti pricing = 800,000 TONS x $90/TON = $72,000,000 Million/yr. & that may be low or high as numbers I see range from $14 to $300+
(*****NOTE: PLUS - CaCO3 & MgCO3 New Byproducts T.B.D. - PLUS SCANDIUM ......"Oh my!") *****
~Niocorp ~ My SPECULATION also has been: "Could" push earnings to $600 - $700 Million/year~
EVEN -Lord Ashbourne Director, Energy & Resources is seeing what we see GRUNT! LOL! 😉
https://www.edisongroup.com/research/niobium-husking/33109/?j=145057&sfmc_sub=20300871&l=716_HTML&u=4320136&mid=536001663&jb=1002
FORM YOUR OWN OPINIONS & RUN YOUR OWN NUMBERS!!!!
Grunt- Niocorp will need a good sum of change & CASH A.S.A.P. GIVEN:
SEE NIOCORP/JIM SIM'S Responses given on Jan. 3rd, 2024 - to relevant questions asked Dec. 18th, 2023
1) Could NioCorp benefit from a possible DoD partial 2024 Feasibility Study funding option for critical minerals production once the 2024 NDAA is signed?
RESPONSE:
Dec. 2023 DoE/LPO MONTHLY APPLICATION ACTIVITY REPORT: (ADDING 12 NEW APPLICATIONS)
https://www.energy.gov/lpo/monthly-application-activity-report
Each month, the LPO Monthly Application Activity report updates:
The total number of current active applications that have been formally submitted to LPO (202)
The cumulative dollar amount of LPO financing requested in these active applications ($214.8 billion)
The 24-week rolling average of new applications per week as of the close of the previous month (2.3)
Technology sectors represented by applications
The report breaks down the cumulative loan amount requested of current applications into general technology sectors that are potentially eligible under the Title 17 Clean Energy Financing Program (Title 17, Sections 1703 and 1706), Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, Tribal Energy Financing Program, or Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) Program:
*****Critical Materials (Extraction, Manufacturing, Mining, Processing, Recovery, Recycling)*****
(Don't Forget EXIM & STELLANTIS MAY "NOT BE" THE ONLY PLAYERS! AS OTHER ENTITES ARE INTERESTED TOO!)
FORM YOUR OWN OPINIONS & CONCLUSIONS ABOVE:
~Starting from this 2010 article- Potentially the Largest Global Resources of Niobium and Rare-Earth Elements
https://www.accesswire.com/362228/Potentially-the-Largest-Global-Resources-of-Niobium-and-Rare-Earth-Elements--Quantum-Featured-in-Mining-Journal
Last time Sharing my TRAIL of 2021 to Jan. 2024 Q. & A. Responses From management/Jim Sims based on relevant questions about the Elk Creek Project over several years. Do your own D.D. & Form your own opinions & conclusions.
Please see Jim's responses 6/17/2021-
(Jim...Private funding methods have been the primary target however, ... can you offer any comment to the following questions.)
a) Does/Can Niocorp qualify for a U.S. govt. (DOE/DOD) Loan, or Loan Guarantee as described above or similar ?
**RESPONSE
I think they will be using many of the same players mentioned in the 2022 F.S. update AO…
This should be the FINAL, last…..F.S. & I speculate they are Close!
lol
Hey AO/ Advocate! Happy to share DD & appreciation to seeing both sides presented fairly without going overboard…
I thought the DoD was a possibility (via recent NDAA) however Jim did state they were not going that route but pursuing other options.
I would speculate that EXIM, Stellantis or other entities such as the DoE/LPO , DoD etc… are “interested still” & Jim has confirmed that once again in mid Dec. 2023
I posted many of the responses many times and think the responses speak for themselves…
I also posted Niocorp stating the had completed all Hydrological drilling results & are COMPLETED! & being compiled & all results along with Metallurgical results into the 2024 F.S. again Jim confirmed that end of Nov. 2023
As for the cost or the completion timeline. “We can only speculate!”
My guess is Niocorp needs funds and a 10 a $25 million anchor investment would go a Long way.
How they go about securing the next tranche will be of interest to all and should tell the story…
Form you own opinions and conclusions as always!!!
I am waiting till after the AGM to see what material news is announced… You or others are more than welcome to ask until then.
Waiting with many…. “I think 🤔 they can do this still…”
Chico
Very Welcome Dougnil! It still appears Niocorp is executing on their plan. Jim did state the Govt. doesn't work as fast as we would like at times, but the TAX incentives being proposed, & the 2024 NDAA being signed into law (which has many GOOD things for Critical Minerals!) Will/Could only help to benefit the Elk Creek Project should a Finance be completed. EXIM BANK, STELLANTIS, & other Entities (both GOVT. & PRIVATE ENITIES) are still interested.
Responses Jan. 3rd 2024 -Jim did state :
NIOCORP RESPONDS Jan. 3rd, 2024 to "NEW" recent questions based on the 2024 NDAA & Proposed IRS tax credits.
FOR CONTEXT:
December 21, 2023 ~Proposed regulations on advanced manufacturing credits clarify IRC Section 45X provisions ~
https://taxnews.ey.com/news/2023-2116-proposed-regulations-on-advanced-manufacturing-credits-clarify-irc-section-45x-provisions
Proposed~ Section 45X Advanced Manufacturing Production Credit :
*2023-27498.pdf (govinfo.gov)
**NOTE: ~THE 2023 & 2024 National Defense Acts Call out NIOBIUM & TITANIUM & SCANDIUM & the need to establish a U.S. Industrial Base for the Supply & Processing of ALL!
(2023 N.D.A. See pages #246 -#256)
https://docs.house.gov/billsthisweek/20220711/CRPT-117hrpt397.pdf
H.R. 2670—NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2024
https://docs.house.gov/billsthisweek/20220711/CRPT-117hrpt397.pdf
SEE NIOCORP/JIM SIM'S Responses given on Jan. 3rd, 2024 - to relevant questions asked Dec. 18th, 2023
1) Could Niocorp benefit from a possible DoD partial 2024 Feasibility Study funding option for critical minerals production once the 2024 NDAA is signed?
RESPONSE:
Appreciated Walter! Very much looking forward to many of the DOTS connecting. Not A Lot left to do on my list.
a) FINAL EARLY 2024 F.S. with all the "NEW" goodies ($$$Calculated) & Capex/Opex/NPV
b) Major Anchor Investor (Could Be Stellantis) or other enties as well. (Neo Performance could announce a new U.S. magnet factory? Wonder where they would get REE's from "IF" they do so....)
For Reference of speculations:
#NIOCORP~ STELLANTIS & NEO PERFORMANCE MATERIALS SYNERGIES & a bit more "Neo has also dropped some heavy hints that they'll soon be announcing a similar factory in the US, likely accompanied by government subsidies similar to the EU one.
https://www.reddit.com/r/NIOCORP_MINE/comments/185tvma/niocorp_stellantis_neo_performance_materials/
c) OFF TAKE AGREEMENTS- (Last 25% of Niobium production has yet to be placed under contract since 2020.)
***NOTE: In 2020 a major U.S. STEEL producer was rumored to be interested. Nippon Steel just bought out U.S. Steel & a Japanese News Station just did a report at the site.... "Interesting".
d) OFF TAKE AGREEMENTS for all the NEW Goodies! (Could the DoD be interested? along with other entites.... given what just passed in the NDAA 2024?)
For Reference of speculations:
NIOCORP~NIOBIUM, TITANIUM, SCANDIUM & REE's~ AS FINAL VOTE FOR 2024 NDAA NEARS~ What’s in the FY2024 NDAA for Critical Minerals?, ~ A LOOK BACK AT 2023 into 2024 & a bit more.
https://www.reddit.com/r/NIOCORP_MINE/comments/18fub3w/niocorpniobium_titanium_scandium_rees_as_final/
Appreciated Radar1977! NICE FIND indeed... PAST & PRESENT TENSE or ABSENT ENTIRELY IS "INTERESTING!" Catching up a Bit this AM... Given all the Legal mumbo jumbo... "Interesting LACK OR WORDAGE! ....."
Staying Tuned with Many in a FRONT ROW SEAT!
Happy Holidays Radar!
Chico
Appreciate many of the folks on this board & the relevant information shared. I'm just a lil retail dude asking relevant questions to management & sharing my responses, opinions & speculations. I am a Niofan, but not the biggest or best! Been sitting on my shares for some time, never sold or traded...just holding strong. Everything I have seen. The questions asked, answered & shared. All point to Niocorp executing on their plan to build the project! (There have been BUMPS along the way & I too have not been happy with every decision made!)
I am "Speculating" my DD & Hunch is still correct; & that Team Niocorp will indeed succeed in the not-too-distant future- (2024 -Achieve Finance to Build this Project)
It will be an honor to meet you & many other stalwart Niofans in Nebraska! Indeed...
Chico
Hey AO- I always thought & posted $14/share to $24/share once in production. However that was Prior to a reverse split!
AO- I'll Speculate 60 million shares outstanding in during 2024/25/26 with Production starting early 2027 (**IF THEY ACHIEVE SUBSTANTIAL FINANCE DEAL @ March 2024 to break ground!!)
- As we do not know the POSSIBLE DEAL Stellantis/Niocorp/EXIM/GERMAN LOAN GUARANTEE & Others are negotiating. Also taking into account the F.S. not being announced we can all only speculate!
SEE REPOST OF GRUNT's & MY BACK OF THE NAPKIN CALCS: MAY 2022
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168952200
Hey Doug! Plus Molycorp used to own the Magnequech patents! Now Neo performance products owns them. They are opening up a new Magnequech facility in Europe and are looking to possibly build one in the U.S.
Perhaps Stellantis is cobbling together a Tri-Fecta Deal? Mine to magnet 🧲 to OEM plus Recycling ♻️!
I can wait a bit longer…to see how this plays out. What’s 3 more months! Rofl
Chico
Happy to post relevant information & share responses to questions received like many here often do! This past year has been a bit rough on the ihub board. Some of the critique & opinions are rightfully deserved. Some folk- get carried away & go too far... "I think!" Waiting to see what 2024 brings... with many NIOFANS here...
Senate poised to pass giant defense bill with bipartisan support
https://www.washingtontimes.com/news/2023/dec/12/senate-voting-national-defense-authorization-act-m/
The Washington Times - Tuesday, December 12, 2023
The Senate on Tuesday is expected to begin voting on the $886 billion annual defense bill, one of the last must-pass measures of the year. The compromise version of the National Defense Authorization Act is expected to pass with bipartisan support before senators send it to the House for a vote before Congress begins its holiday recess.
As in past years, the annual bill not only sets spending targets but includes dozens of policy riders that can spark fierce partisan battles. Conservatives have complained that House effort to roll back changes in Defense Department policy accommodating servicewomen who seek an abortion has been dropped from the bipartisan bill.
https://democrats-armedservices.house.gov/_cache/files/c/1/c1ece139-8d54-4417-b23a-2f2c9b0790ee/DC56EA4EB0C0E5B0156361C2A4974970.20241128-final-text-summary-for-fy24-ndaa-final.pdf
Hey Norcal & all! There certainly are a LOT of DOTS! Did you Catch THESE DOTS from a Reddit post bro? Following MAGNEQUENCH....
Sharing NOV. 10th, 2023, Responses from Niocorp in regard to NEO PERFORMANCE MATERIALS & THE OLD MAGNEQUENCH PATENTS:
Jim-
Given: Hitachi, Neo Performance Materials & China....
https://www.tengam.com/wp-content/uploads/2012/07/MagnequenchPatent.new-20121.pdf
a) ARE any the above Patents still RELEVANT? - Who owns the remaining MAGNEQUENCH patent rights? Does Hitachi, Niocorp, or another entity?
b) Is there an ongoing "current effort" by Niocorp &/or other Collaborating Entities to update or improve upon or file NEW patents, leading to future mine to magnet capabilities & supply chains? Comment if you can...
RESPONSE:
Hey Norcal - Niocorp has announced improved recovery rates for both Niobium & Titanium & is currently continuing to PROVE out at Demonstration SCALE the new OXIDES. Take a peek at the trail of Q/A & Niocorp material News announcements below. (We are all waiting for that FINAL EARLY 2024 Feasibility Study! Independently Verifying the FINAL future production & OPEX/CAPEX numbers of all the goodies Niocorp intends to produce.)
Please see Jim's responses to questions posed for comment-3/17/2022.~
A) Could you comment on what the production of higher purity Niobium & Titanium could be utilized for once realized?
From the Oct. 30th, 2023,~What’s in the FY2024 NDAA for Critical Minerals?
https://bipartisanpolicy.org/blog/whats-in-the-fy2024-ndaa-for-critical-minerals/