Niocorp Developments Ltd (NB)

[jeunke22]

I heard that IBC has now an approved patent for a scandium aluminium alloy. This is good news. IBC is giving priority to order fullfillment, it has many orders IBC is associated to NIO. I heard that there are many and diverse financing options available on the debt and equity side for NIO. Mark mentionned all have traction.I heard EPC will be selected early 2018 and will bring addional financing. Overall financing is offered from full 100% to partial financing. Financing and synergistic off takes are negotiated.Debt financing negotiated with bank consortium sharing 130 million German bank guarantee loan. Need 25 million to get engineering work moving. Operational cash will be made available. Mark did not want to commit to timing. Good listener understood could come between any day and 1q 2018. Short draft engineering report received last week, now in review mode. Final report will take another 30 days.