Niocorp Developments Ltd (NB): After receiving the in-principle eligibi...

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Niocorp Developments Ltd (NB)

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Re: WalterSobchak post# 27519

Monday, 08/14/2017 1:28:56 PM

Monday, August 14, 2017 1:28:56 PM

After receiving the in-principle eligibility, the next step in the Untied Loan Guarantee program is to submit the overall financing scheme of the project. Without a complete financing scheme, I don't believe there can be any movement on the guarantee.

https://www.agaportal.de/_Resources/Persistent/51a840f83ab59decc6c196c991185625bebd741e/e_ufk_50jahre.pdf
Page 13 and 14.

My suspicion is they are negotiating scandium offtakes and getting into deeper discussions with the lenders. One possibility is that the MS held off on signing any Scandium offtakes until he is able to get the input from the institutions as to what they need to see in the agreements. Those conversations really couldn't happen prior to Friday. The Untied Loan Guarantee application can only come after all this.

I'm with you on your buyout scenarios.

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