Niocorp Developments Ltd (NB)

[tedro84]

I received a lengthy email from Jim yesterday on the topic and I will post the relevant parts of it when I can easier copy and paste rather than trying it on a phone. The short answer is that the full debt package is required for the guarantee to be actually issued, however, Niocorp can secure a binding commitment from the UFK for the lender that they agree to use the guarantee with. The binding commitment is very significant and can likely act as the “kick start” that has oft been mentioned, but again it would not be guaranteed until final approval of the package. Much of this is a formality. There are much more details but this is the jest of it. Advocate77’s posts on the topic were pretty well spot on.