Niocorp Developments Ltd (NB)

[Middleborder]

Monocle, all;

Regarding the claim in the Fox News/Reuters article indicates that that as of last month the U.S.Govt. is a "Shareholder" in Techmet:

"The U.S. government in April became the largest shareholder in mining investment firm TechMet"


Techmet advises that it is a private company so I cant say quite what is happening here, whether the article is accurate or Reuters is misinformed or misunderstands or was given bad information. (Always possible with reporters.) Since private I do not think Shareholder info would be publically available.

https://www.techmet.ie/

"TechMet is a private industrial company that is building controlling or significant minority positions in world-class projects across the technology metal supply chain."
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The Government, through the Treasury department might buy shares in Banks or Brokerage firms to Stabilize them in bad times, but a Mining company? It would not surprise me if this was a question of Grant money that is funneled through TechMet. That has happened before.


TECHMET NEWS FROM LAST YEAR Regarding a GRANT from the US Government's International Finance Agency to mine nickle and cobalt in Brazil;

https://marketrealist.com/p/us-government-techmet-nickel-mining/

By Kori Williams

Apr. 23 2021, Updated 2:33 p.m. ET

The U.S. government is taking another step to reduce China's involvement in U.S. life. TechMet, a London-based company, has secured $25 million in funding from the government to back a nickel and cobalt mining project, according to The Financial Times.

snip

For the project, the mining will take place in Brazil, which is a good move for the Brazilian economy. "This important financing will support economic growth in one of Brazil’s most underdeveloped areas," said Adam Boehler, the chief executive of the U.S. International Development Finance Corporation (DFC). "Investments in critical materials for advanced technology support development and advance US foreign policy."


Did this "Grant" come with any requirements such as Board seats or private shares?


Back to the Fox article:
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https://www.foxbusiness.com/markets/biden-looks-abroad-electric-vehicle-metals-us-miners

Snip...

"Washington also funds research into Canadian cobalt projects and rare earths projects in Malawi, among other international investments.

The State Department's Energy Resource Governance Initiative (ERGI) is one of the main programs Washington plans to use to help allies discover and develop lithium, cobalt and other EV metals. To be sure, Washington is not ignoring domestic mining.

The U.S. Department of Energy has awarded grants to help old coal mines find ways to produce rare earths. U.S. officials have also funded MP Materials Corp, which owns the country's only rare earths mine, though it relies on Chinese processors.

But the bulk of Biden's approach is designed to sidestep battles with environmentalists and save capital for other fights, according to one administration source. During a visit to a Ford Motor Co plant in Michigan on May 18, Biden called for government grants for new EV battery facilities. He mentioned Australia's lithium reserves during the tour, but not large U.S. supplies of the key battery mineral."
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Producing REES from old coal mines, if possible, since the Administration wants to stop ALL coal mining (Which WILL result in rolling blackouts for the American People.)

Funding for MP Materials which is partly owned by the CCP. (Which group manipulated the market to put MolyCorp out of business.)

IF the TechMet story is true, I see Soft Fascism and control of Business and industry by Admin academics who have never made anything except coffee in the teacher's lounge.

And IF True, you can be certain that there are members of the current administration who will be made rich by these policy decisions, whether by "investments" or positions on the board. (Yes, Adm. Mike Mullen is on the board. Former Obma. Admin. member.)


Its a good thing that NioCorp has Scandium and Niobium, minerals NOT widely available elsewhere. I hope they stay away from any Government involvement and fund privately.