LPO has offered a conditional commitment to guarantee a loan of up to $1.04 billion to Monolith Nebraska, LLC to expand its Olive Creek facility in Hallam, Nebraska. The Monolith Olive Creek expansion will support Nebraska’s economy by creating approximately 1,000 jobs during construction and 75 high-paying, highly skilled, clean energy jobs to support facility operations.
Given the context of (post #77050) I fired off a quick Christmas question to Jim 12/22/2021:
a) Has Niocorp recently applied for a U.S. govt. Loan, or Loan Guarantee as described in the context above?
Response: We are currently examining whether or not NioCorp’s Elk Creek Project would qualify for debt financing under the DOE LGP program. Thx,
Jim
IMHO/speculation- Appears funds are becoming available & a portion of NIOCORP's DEBT "Could be financed" utilizing this program. As 2021 passes... When I continue to see "Big finances & loan guarantees being completed...into 2022." I'll be looking for some movement on this program, or from a Private Partner or Anchor investor to step forward once the REE numbers are market compliant in the first quarter of 2022. Dollars are flowing... time for Niocorp to secure $$ some! "Timing" indeed LM.
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