Niocorp Developments Ltd (NB)

[Middleborder]

Chico,NEGoodlife,P.M.; I do not have time to explore this, but the question would be whether the Warrants NioCorp issued were covered, that is, did Niocorp purchase and hold treasury stock shares to use in the event of a warrent exercise, which would therefore result in no dilution, OR whether they were NOT covered and it will be necessary to issue additional new shares upon exercise of those warrents which would of course dilute share value. (Guessing the latter...)


I suspect that this has to do with issuing new shares for Lind's impending warrent exercises but I think the best thing to do is wait for Jim Sims to confirm this.

That said, the S/P has come back up a bit from its low. There is still a need for this mine and processing facility and its product and waiting for it to be financed is really sucky. If the DOD would stop focusing on gender equality and start looking at strategic metals perhaps they would get a bit more vigorous about advancing project funding for US Based Metals mines.

***Off subject but here is something interesting regarding the possible defection of a High level Defense official. How it will affect NioCorp I do not know but we do know how they affect the REEs markets!

https://americandefensenews.com/2021/06/18/is-high-level-ccp-chinese-defector-working-with-us-defense-intelligence-agency/

(Off now to Spray bugs in my garden, something over which I have some control!)