Niocorp Developments Ltd (NB)

[Ak74]

Answers to your questions:
Mackie wanted to invest. After the private placement in Feb/March there was still appetite for additional investment. This is why they went to Niocorp. Niocorp is open to anyone wanting to invest. This money will help move things along during the financing stage of the project.
This raise does not mean something is wrong. The FS is on track and the highlights will be released by the end of Q2.

Niocorp is now focusing beyond the FS and on the capital needed to start construction ASAP. That is what the money is for. It takes money to raise the large tranche that they intend to.
They started this process last year so that they could hit the ground running right after the FS.

Niocorp is on the process of assembling the debt syndicate needed to provide financing for the debt side of the project.
RPM Global that they recently hired is part of that process.

Banks require a large amount of due diligence, that Niocorp ends up paying for.
This is how projects like this get financed and built.

Part of Niocorps jumpstart to construction, includes: attracting capital, hiring more staff in Nebraska, moving detailed engineering to the next stage and completing the necessary permits, and many other things.