Niocorp Developments Ltd (NB)

[tedro84]

many of them =/ nearly all.

The section 408 permit won't be officially removed from the requirements until Nordmin's engineering has been accepted by the company. This has not yet happened. This also does not relieve the requirement for "local discharge". That is why all of that verbiage was included in the 10k by management. There is still a lot of water used in the process that must be treated and discharged. It was originally planned to go to the Missouri River with the rest of the water. The current plans for this wastewater are unknown.

The likely elimination of the Missouri river discharge pipe was known prior to 8/31. Everything regarding permitting put in the 10k remains 100% accurate today, at least from an outside perspective.

It is inaccurate and irresponsible to report the remaining required permits as "general housekeeping" permits.