Niocorp Developments Ltd (NB)

[Middleborder]

OmahaInvestor,Nebraskan; M.S. Loan and how this might go from here?

Well, The Air Permit was extended until April 20 2022, and this has been extended June 30, 2022. Time-frames are tightening up. The NE Air Permit short extension puts pressure on them to "get it done".

The M.S. short extension period makes it sound like they anticipate that they can retire his loan within that time frame so hopeful sign for Financing. (The M.S. announcement has been posted to SEDAR, 12-3.)

Nordmine convertible note (Nebraskans post below) is up Dec 18. Since that falls on a weekend we should get another news release this Thursday or Friday? (I wonder if Nordmine is involved in the final REE analysis that they will be making?)

After Nordmine we should get REE results but since holidays slow everything down probably early January. This also gets them a full 40 days blackout period.


I suspect that IF this extended blackout period is for a possible financing package / merger / buyout, the other side wants the REE info and final CAPEX Amounts and/or REE off-take or processing agreements before finalizing financing. Financing agreements covenants, etc take a bunch of time. If it involves an International corp in some place like Brazil or South Africa it extends the process, so I hope any financing originates in the U.S. or Canada.


I do not know where the final drilling to determine if Ground Freezing will fall on the critical path chart? Before or after possible financing? Probably after.

Once Finanacing... Initiate road and and utility improvements and place Rockwell Automation order. Scrape off some site topsoil and plant some marker flags. This will satisfy the Air Permit Contruction Start requirement.

Drill at shaft site to determine if freezing needed. Start scheduling with Cementation, Line up contractors for buildings and sheds, do tests for soil loading requirements for proposed building sites, etc.

Hoping for late spring start, but we all know that that has been promised before!

There you go, obvious to most except new readers to the board, probably more than you wanted.