Niocorp Developments Ltd (NB)

[chico237]

Sharing Jim's reply to ORE act question:

"Thanks for your question. The Ore Act is it currently is written will almost certainly allow us to expense first-year construction costs, providing us with a large carry-forward loss that we will carry until we start earning revenue. As a result, the first-year expensing may not have a significant impact on the Company in the early stages of the Project. However, these legislative bills evolve as they move through the legislative process. Assuming this bill advances, we will seek to be involved in that process and will provide input to Congressional leadership on how it can be written to more effectively benefit greenfield mining projects such as ours.

All the best,

Jim Sims
VP, External Affairs
NioCorp Developments Ltd.
[e-mail] "

"If/when" the ORE act is passed by congress it would indeed have a major impact on Niocorp & other U.S. based projects moving forward. Land, equipment, construction costs for the first year (may) fall into this category? Worth mentioning the implications for "end users" like IBC and others as well. Time will tell.
There is a perfect storm brewing for Niocorp to secure its financing this year! I'm definitely looking for Niocorp to announce a binding contract with the "unknown U.S. Steel producer" soon... Then onto the Big "F"!

Also worth a look:
https://seekingalpha.com/article/4356506-what-recent-u-s-ore-act-mean-for-investors-in-rare-earths-and-battery-metals

Appreciate update on Infrastructure conference...& others input
GLTA
Chico