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Directly from the link you posted from Metallica Minerals:

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BL4Nio   Thursday, 08/17/17 10:49:28 PM
Re: rubberworm post# 27690
Post # of 63958 
Directly from the link you posted from Metallica Minerals:

The HOA is conditional upon Metallica meeting certain SCONI project development timing milestones. Metallica believes the project development milestones are reasonable and achievable and are broadly in line with Metallica’s previously published development schedule with some allowance for delays. The project is expected to be completed in 2016.

Seems like the "binding" agreement is now null and void if Metallica Minerals is still pre-Feasability Study and has not even begun construction on the SCONI project yet. This would indicate that they are years behind schedule, and thus would allow Bloom Energy to back out of this HOA agreement and look for new Scandium suppliers with no penalty.

This would be great news for NioCorp as they are much further along in bringing in the Elk Creek mine to production at this point being already post-Feasability Study. Having a source of Scandium physically a lot closer to Bloom Energy's manufacturing location would be highly beneficial to Bloom Energys' logistics supply chain...ie. Why have to ship the Scandium in by boat from half way around the world, when they can just have it delivered by rail or truck from right within the USA.

Also, this was an interesting paragraph at the end of this article from today:


The administration has said it intends to have details on its infrastructure plan this fall but has signaled the approach will be to allocate $200 billion in federal dollars on rural and "transformational” projects over 10 years and on incentives for states, localities, and the private sector to spend $800 billion.

NioCorp's Elk Creek project is both rural and transformational!

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