Niocorp Developments Ltd (NB): I believe he stated that he wanted $25MM...

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Niocorp Developments Ltd (NB)

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Re: WalterSobchak post# 34332

Friday, 03/02/2018 12:16:28 PM

Friday, March 02, 2018 12:16:28 PM

I believe he stated that he wanted $25MM by Q1 so they could start detailed engineering without interruption. Nordmin has agreed to do the engineering on the underground mine and has a letter of intent to build it as well (EPC). What we don't know are the financial terms of this and how they impact the need for $25MM to start the process.

It's been almost 4 months since the last shareholder update. Someone complained about the lack of updates during that meeting. The complaint is still warranted.

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