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Mark mentioned he was heading to DC in the railveyor presentation June 4th. Jim responed to my question June 8th
Greg … Mark attended the EXIM Annual Conference in DC and had a long set of meetings with EXIM leadership and staff on our proposed financing and how to accelerate the process. EXIM has been staff-challenged and they know this has slowed the process more than they would have liked. They outlined a number of steps they are taking to help speed things along.
Jim Sims
Chief Communications Officer
NioCorp Developments
+1 (303) 503-6203
Jim.Sims@NioCorp.com
https://www.NioCorp.com
Is this for the PP for 600,000 on June 24th?
1 FORM S-3 n2574_x213-s3.htm S-3 235096
2 OPINION OF BLAKE, CASSELS & GRAYDON LLP exh5-1_opinionofblake.htm EX-5.1 23506
3 OPINION OF JONES DAY exh5-2_opinionofjones.htm EX-5.2 16681
4 CONSENT OF BDO USA, P.C. exh23-3_bodusa.htm EX-23.3 2275
5 CONSENT OF MARCUM LLP exh23-4_marcum.htm EX-23.4 3290
6 CONSENT OF DAHROUGE GEOLOGICAL CONSULTING USA LTD. exh23-5_dahrouge.htm EX-23.5 5701
7 CONSENT OF UNDERSTOOD MINERAL RESOURCES LTD. exh23-6_understood.htm EX-23.6 4361
8 CONSENT OF OPTIMIZE GROUP INC. exh23-7_optimize.htm EX-23.7 4227
9 CONSENT OF TETRA TECH exh23-8_tetratech.htm EX-23.8 4163
10 CONSENT OF ADRIAN BROWN CONSULTANTS INC. exh23-9_adrianbrown.htm EX-23.9 4096
11 CONSENT OF MAGEMI MINING INC. exh23-10_magemimining.htm EX-23.10 4450
12 CONSENT OF L3 PROCESS DEVELOPMENT exh23-11_l3process.htm EX-23.11 4382
13 CONSENT OF OLSSON exh23-12_olsson.htm EX-23.12 4319
14 CONSENT OF A2GC exh23-13_a2gc.htm EX-23.13 4530
15 CONSENT OF METALLURGY CONCEPT SOLUTIONS exh23-14_metallurgy.htm EX-23.14 4481
16 CONSENT OF SCOTT HONAN, M.SC., SME-RM, NIOCORP exh23-15_scotthonan.htm EX-23.15 4380
17 CONSENT OF CEMENTATION exh23-16_cementation.htm EX-23.16 4633
18 CONSENT OF MAHMOOD KHWAJA, P.E., CDM SMITH exh23-17_mahmood.htm EX-23.17 4772
19 CONSENT OF WYNAND MARX, M.ENG., BBE CONSULTING exh23-18_wynand.htm EX-23.18 4723
20 FILING FEE TABLE
monocle-does have to do with the shelf?
EX-FILING FEES 20 exh107.htm FILING FEE TABLE
Exhibit 107
Calculation of Filing Fee Tables
Form S-3
(Form Type)
NioCorp Developments Ltd.
(Exact Name of Registrant as Specified in its Charter)
Table 1—Newly Registered and Carry Forward Securities
Security
Type
Security
Class
Title
Fee
Calculation
or Carry
Forward
Rule
Amount Registered(1)
Proposed Maximum Offering
Price Per
Unit
Maximum Aggregate
Offering Price
Fee Rate
Amount of Registration
Fee
Carry
Forward
Form
Type
Carry
Forward
File
Number
Carry
Forward
Initial
Effective
Date
Filing Fee
Previously
Paid In
Connection
with
Unsold
Securities
to be
Carried
Forward
Newly Registered Securities
Fees to Be Paid Equity Common Shares, without par value 457(o) — — — — — — — — —
Fees to Be Paid Equity Common Share Purchase Warrants 457(o) — — — — — — — — —
Fees to Be Paid Equity Units 457(o) — — — — — — — —
Fees to Be Paid Unallocated (Universal) Shelf — — (2) (3) $200,000,000.00(4) $147.60 per $1,000,000 $29,520.00 — — — —
Fees
Previously
Paid
— — — — — — — — — — — —
Carry Forward Securities
Carry
Forward
Securities
— — — — — — — — — — — —
Total Offering Amounts $200,000,000.00 $29,520.00
Total Fees Previously Paid — —
Total Fee Offsets — —
Net Fees Due — $29,520.00
(1) If any securities are issued in an amount denominated in a foreign currency or composite currency, such amount as shall result in an aggregate initial offering price equivalent thereto in United States dollars at the time of initial offering.
(2) There are being registered on the registration statement on Form S-3 (the “Registration Statement”) to which this exhibit relates such indeterminate number of common shares, without par value (“Common Shares”), of NioCorp Developments Ltd. (the “Company”), Common Share purchase warrants of the Company (“Warrants”) and units comprised of one or more of the other securities, or any combination thereof, of the Company (“Units”), as shall have an aggregate initial offering price not to exceed $200,000,000. Any securities registered under the Registration Statement may be offered separately or in combination with the other securities registered under the Registration Statement. The securities being registered under the Registration Statement also include such intermediate number of Common Shares as may be issued upon exercise of Warrants or pursuant to the anti-dilution provisions of such securities. In addition, pursuant to Rule 416 under the Securities Act of 1933 (the “Securities Act”), the shares being registered under the Registration Statement include such indeterminate number of Common Shares as may be issuable with respect to the shares being registered under the Registration Statement as a result of stock splits, stock dividends or similar transactions.
(3) The proposed maximum aggregate offering price per unit will be determined from time to time by the Company in connection with the issuance by the Company of the securities registered under the Registration Statement and is not specified as to each class of security pursuant to Item 16(b) of Form S-3 under the Securities Act. In no event will the aggregate offering price of all securities sold by the Company from time to time pursuant to this Registration Statement exceed $200,000,000. No separate consideration will be received for Common Shares or other securities of the Company that may be issued upon conversion or exercise of, as the case may be, the securities issued hereunder.
(4) Estimated solely for the purposes of computing the amount of the registration fee pursuant to Rule 457(o) under the Securities Act.
Does this increase the value of Elk Creek Project for the new FS?
The additional drilling to convert a portion of our Probable Reserves to Proven Reserves is being requested by EXIM.
Asked Jim a question
On Saturday, June 8, 2024 at 07:56:25 AM CDT, Jim Sims
Greg … Mark attended the EXIM Annual Conference in DC and had a long set of meetings with EXIM leadership and staff on our proposed financing and how to accelerate the process. EXIM has been staff-challenged and they know this has slowed the process more than they would have liked. They outlined a number of steps they are taking to help speed things along.
Jim Sims
Chief Communications Officer
NioCorp Developments
+1 (303) 503-6203
Jim.Sims@NioCorp.com
Jim,
Mark stated in his presentation that he was headed to DC that day. Can you shed some light on what Mark's agenda was in DC?
Thanks
The additional drilling that EXIM is requesting.....Is that to confirm a bigger deposit or area that was not included in the last FS??
Anyone...Thanks
Rader1977
I think the only thing that will do that for the investors that bought pre-split.......will be a Nasdaq share price that makes everybody happy here...Go NioCorp!!
monocle......who is not angry about the time line??????
THE GAME IS NOT OVER YET.....CORRECT?????
NH....if you believe your scenario is accurate....stick with it.....But take the time to read the PR....it states that no loan will be closed until the board approves.
EXIM approval process, no loan application is final until EXIM’s Board of Directors give its final approval.
Really......this is your take....LMAO
For all we know, Mark could have walked into a JP Morgan Chase office without an appointment to ask who he could talk to about a loan and never talked to anyone who could even set up a meeting let alone make a decision. That would also qualify as NioCorp "engaging" JPMC
https://www.exim.gov/resources/delegated-authority-lenders
JP Morgan Chase Bank N.A.
Mr. Liam Wyness
Commercial Banking - Trade & Working Capital (949) 400-6727
liam.v.wyness@jpmorgan.com
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
News
**
NioCorp Engages J.P. Morgan to Assist with EXIM Financing of Elk Creek Critical Minerals Project
------------------------------------------------------------
CENTENNIAL, Colorado – May 23, 2024 –NioCorp Developments Ltd. (“NioCorp” or the “Company”) (Nasdaq:NB) is pleased to announce that it has engaged JPMorgan Chase Bank, N.A. ("J.P. Morgan") to assist NioCorp in seeking debt financing supported by the Export-Import Bank of the U.S. ("EXIM") to advance NioCorp's proposed Elk Creek Critical Minerals Project (the "Project").
NioCorp's application for project financing with EXIM made it through the first of EXIM's three Transaction Review Committee (TRC) reviews in October 2023. In April 2024, EXIM provided NioCorp with a preliminary indicative term sheet for possible financing. While JPMorgan is assisting the Company to advance the sought financing to the next level in the EXIM approval process, no loan application is final until EXIM’s Board of Directors give its final approval.
"With J.P. Morgan’s experience in helping to successfully craft financing packages with EXIM, we are very pleased to be working with them to continue to push our Elk Creek Project to financing and a construction start as rapidly as possible," said Mark A. Smith, CEO and Chairman of NioCorp.
# # #
https://twitter.com/niocorp
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http://www.niocorp.com
mailto:
https://www.youtube.com/channel/UCAdB3xslsf9go3Ela7vu4lA
https://www.linkedin.com/in/niocorp-developments-ltd-8920b046
CONTACTS:
Jim Sims, Chief Communications Officer, 720-334-7066
Email: j (mailto:jim.sims@ibcadvancedalloys.com) im.sims@niocorp.com (mailto:jim.sims@niocorp.com)
@NioCorp $NB #niobium #scandium #titanium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle
ABOUT NIOCORP
NioCorp is developing a critical minerals project in Southeast Nebraska that will produce niobium, scandium, and titanium. The Company also is evaluating the potential to produce several rare earths from the Elk Creek Project. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel (“HSLA”), which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of Neodymium-Iron-Boron (“NdFeB” magnets, which are used across a wide variety
of defense and civilian applications. @Niocorp $NB
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to, statements regarding the timing and process of the review and diligence of NioCorp’s application for debt financing from EXIM, and NioCorp’s expectation to produce niobium, scandium and titanium and the potential to produce rare earths at the Project. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations, and assumptions relating to NioCorp’s ability to receive sufficient project financing. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed
and identified in public filings made by NioCorp with the U.S. Securities and Exchange Commission and with the applicable Canadian securities regulatory authorities and the following: NioCorp’s ability to pay the necessary fees in connection with EXIM’s underwriting process, including the expenses of EXIM’s or any other lenders’ legal and other advisors and NioCorp’s own advisors; the completion of the Phase II due diligence process, following receipt of the PPL; the possibility that NioCorp does not receive a final commitment of financing from EXIM on the anticipated timeline, on acceptable terms, or at all; NioCorp’s ability to recognize the anticipated benefits of the business combination with GX Acquisition Corp. II (the “Business Combination”) and the standby equity purchase agreement (the “Yorkville Equity Facility Financing Agreement” and, together with the Business Combination, the “Transactions”) with YA II PN, Ltd., an investment fund managed by Yorkville Advisors Global, LP
, including NioCorp’s ability to access the full amount of the expected net proceeds under the Yorkville Equity Facility Financing Agreement over the next three years; unexpected costs related to the Transactions; the outcome of any legal proceedings that may be instituted against NioCorp following closing of the Transactions; NioCorp’s ability to continue to meet the listing standards of the NASDAQ; NioCorp’s ability to operate as a going concern; risks relating to NioCorp’s common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood any of the foregoing; NioCorp’s requirement of significant additional capital; the extent to which NioCorp’s level of indebtedness and/or the terms contained in agreements governing NioCorp’s indebtedness or the Yorkville Equity Facility Financing Agreement may impair NioCorp’s ability to obtain additional financing; covenants contained in agreements with NioCorp’s secured creditors that may affect its
assets; NioCorp’s limited operating history; NioCorp’s history of losses; the material weaknesses in NioCorp’s internal control over financial reporting, NioCorp’s efforts to remediate such material weaknesses and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the “Code”); the potential that the Transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; cost increases for NioCorp’s exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp’s information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products; current and future off take agreements, joint ventures, and
partnerships; NioCorp’s ability to attract qualified management; the effects of the COVID-19 pandemic or other global health crises on NioCorp’s business plans, financial condition and liquidity; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; the results of metallurgical testing; the results of technological research; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining industry; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and
reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp’s projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, or development activities; management of the water balance at the Project site; land reclamation requirements related to the Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; claims on the title to NioCorp’s properties; potential future litigation; and NioCorp’s lack of insurance covering all of NioCorp’s operations.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
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https://oilprice.com/Latest-Energy-News/World-News/US-Set-to-Secure-Critical-Domestic-Rare-Earths-Supply-Chain-by-2027.html
Do not understand why NioCorp would not be mentioned in this article.....anyone?????
Who is Teddyspeedboat???
Hold on tight, we're getting ready to see a moonshot for NioCorp $NB‼️🚀‼️🚀‼️
— 🔱TeddySpeedboat 🔱 (@SpeedboatTeddy) May 15, 2024
Just got off a call and can't wait to watch this pop on the news‼️‼️
Sent Jim the question.....his response
We are working with them now on that.
Date: Wednesday, May 15, 2024 at 11:58?AM
To: Jim Sims
Subject: EMP Program
Jim,
Was NioCorp able to take advantage of the EMP program thru EXIM?
Engineering Multiplier Program (EMP) | EXIM.GOV
Engineering Multiplier Program (EMP) | EXIM.GOV
Thanks
Jim's response to my question back on 1-22-2024
Mark’s view that the Stellantis deal could be approved in the first half of 2024 is certainly the target that both NioCorp and Stellantis are working toward. The transaction has many moving parts, as is often the case with offtake agreements and strategic investments of this type, and it will complete when all is done.
Regarding EXIM, our target is to complete an EXIM debt financing package in 2024.
Jim
Date: Monday, January 22, 2024 at 7:55?AM
To: Jim Sims
Subject: Re: Replay Now Available of NioCorp Investor Update Webcast
Jim,
When Mark was talking in the presentation about EXIM and Stellantis happening before 1st half of 2024, he stated that this could be conservative. What did he mean by conservative.....it could happen sooner than this or later?
Thanks for some clarification!
Will China halt exports of Rare Earths to the US????
Thanks for sharing LA34
Baffles me too PutzMueler
]the feasibility study that we never have seemed to have had trouble raising funds for in the past and we’ve had two of them.
But for some reason this one seems to be too much to handle.
Has everyone signed off on the updated FS????
Here is a post on this board about the same time MP Materials received their government money back in 2022. If we would have received $35 Million, it would have been a great cornerstone investor.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167835220
Exactly............I think our project is getting slow walked by this Administration...My opinion only.......Go NioCorp
So if NioCorp would have received from the Government $35 Million, that might have been what they needed to get the cornerstone investor, or A,B,C or D, and we would not had to gone the route of the SPAC, and NioCorp would be operational by late 2025.
But back to my point.....all minerals from MP Materials are still f##cking going to CHINA
Is MP Material processing minerals in Texas or are they still going to China???
That was over 2 years ago they got the money, if NioCorp got it we would be close to operational. Are they processing minerals in Texas or are they still going to China......figure out whose side your on AO.....Go NioCorp!!!
AO
So you think MP Materials should have received money before NioCorp??????
Back on topic.....PutzMueler please explain to me why this Administration has given money to MP Materials, while all their minerals go to China????
PutzMueler.......have not heard this before......sounds great...Thanks
Rumour has it, our TICL(4) titanium tetrachloride better known as titanium tetrachloride, or our Dark Horse, is being negotiated for 100% of what we can produce if 100% is on the table by NioCorp
G-Man....there are 2 comments on the EXIM site.....can see one of them below-made by American Rare Earths
What is the next step when comment period is over Monday May 6??
https://www.federalregister.gov/documents/2024/03/07/2024-04883/information-request-on-financing-support-for-critical-minerals-projects
Comment
(C) – U.S. based critical minerals project (magnetic rare earths – Nd, Pr, Tb, Dy)
1) mining, refining and processing – development stage
2) Wyoming – state permitting with expedited path to production
3) Yes, all are deemed critical in DOE supply risk matrix
4) Financial hurdles are principally that Chinese cost of capital for competing projects is essentially zero.
5.) State-owned enterprises (SOE) have been formed in China through industry consolidation in the rare earth industry – which has lead to monopolistic pricing power and control of investment sentiment in the industry for new projects.
6.) We have not used EXIM financing
7.) We are interested in learning more about domestic funding, as this questionnaire is focused on a) US exporters to projects b) US based users of minerals – ExIm is ignoring the potential to solve these problems with domestic sources.
Comment ID
EIB-2024-0004-0002
Tracking Number
lvm-k0h1-wkbd
Comment Details
Submitter Info
Organization Name
American Rare Earths
Regulations.gov Branding
About
Why do they make this announcement twice....are they required to.
**
NioCorp to Voluntarily Delist from the Toronto Stock Exchange as of Close of Markets on May 3, 2024
------------------------------------------------------------
CENTENNIAL, Colorado – May 1, 2024 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (Nasdaq:NB) (TSX:NB) announces that, further to its press release dated April 17, 2024 (seen here (https://www.niocorp.com/niocorp-to-voluntarily-delist-from-the-tsx-in-favor-of-its-current-nasdaq-listing/) ), the board of directors has approved the voluntary delisting of NioCorp’s common shares from the Toronto Stock Exchange (the “TSX”). It is expected that NioCorp’s common shares will be delisted from the TSX effective as of close of markets on May 3, 2024. NioCorp’s common shares will continue to be listed and trade on the Nasdaq Capital Market (the “Nasdaq”) under the symbol “NB”.
Brokers outside the United States are encouraged to take appropriate steps to ensure that their clients may trade NioCorp shares on the Nasdaq following the TSX delisting.
# # #
https://twitter.com/niocorp
https://www.facebook.com/niocorp
http://www.niocorp.com
mailto:
https://www.youtube.com/channel/UCAdB3xslsf9go3Ela7vu4lA
https://www.linkedin.com/in/niocorp-developments-ltd-8920b046
CONTACTS:
Jim Sims, Chief Communications Officer, 720-334-7066
Email: j (mailto:jim.sims@ibcadvancedalloys.com) im.sims@niocorp.com (mailto:jim.sims@niocorp.com)
@NioCorp $NB $NB.TO #niobium #scandium #titanium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle
ABOUT NIOCORP
PutzMueler and Radar1977made the correct call on the SPAC.....should have been tabled.These posts are from the day we received the EXIM LOI.
PutzMueler
Re: the1road post# 91283
Monday, March 06, 2023 4:28:11 PM
Post# of 111612
I agree, the dynamics have changed big time.
We don’t need $300million while giving away 10 to one shares and then having a reverse split after that. Take the damn shelf registration down a little at a time and start building the mine.
If the company feels we need to reverse split sometime down the road because our dilution is too high that’s OK with me because it wasn’t a free giveaway to institutions adding millions of warrants.
Rader1977
Re: Prudent Capitalist post# 91178
Monday, March 06, 2023 1:21:45 PM
Post# of 111613
This is the funding we needed. The SPAC merger with GXII should be taken off the table. $800 million means we don't need to dilute our shares with a merger anymore.