Niocorp Developments Ltd (NB)

[tedro84]

It’s not happening this fiscal year, that’s for sure. One needs only to listen to the messaging on the air quality permit and read up on the requirements to know this.

There will be another private placement or Lind deal soon. It was clear from the investors call that they would need more money to complete the air quality permit application. After that we know there will be a 30 day public comment window. There will be plenty of foreshadowing on a finance deal with that permit. What’s clear now is that major financing is a ways off.

There’s no legal requirement to have these things in place prior to financing, hence why the company can say the permit is not necessary. What should be obvious is that no institution is going to lend a large amount of money without these assurances.