Niocorp Developments Ltd (NB)

[chico237]

New US Climate Bill Seeks to Bolster Domestic Critical Minerals Supply Chain
https://www.whitecase.com/publications/alert/new-us-climate-bill-seeks-bolster-domestic-critical-minerals-supply-chain

Consistent with these goals, the IRA includes several provisions aimed at bolstering domestic and regional production of critical minerals. These include (1) substantial revisions to the electric vehicle ("EV") tax credit to require regional sourcing of critical minerals used in EV batteries; (2) a new "advanced manufacturing" tax credit for domestic production of critical minerals; (3) a $500 million appropriation for "enhanced" use of the Defense Production Act, which President Biden recently invoked to support critical minerals production; and (4) new authorization for $40 billion in loan guarantees under Title XVII of the Energy Policy Act of 2005, which could be used to support critical minerals projects. We provide an overview of these provisions below.

REMEMBER:
Jim's responses 6/17/2021-
(Jim...Private funding methods have been the primary target however, ... can you offer any comment to the following questions.)
a) Does/Can Niocorp qualify for a U.S. govt. (DOE/DOD) Loan, or Loan Guarantee as described above or similar ?

Quite possibly, and we are in discussions with them on this now. However, the ability of this program to fund critical minerals projects will depend upon what the Democratic leadership in Congress enacts in its appropriations bills, as new funding is required to cover the credit subsidy cost of these loans. In recent years, the Congressional appropriations process has been a very politically contentious with little bipartisan agreement on much of anything. Some opposition in the Congress has already quietly developed to the Administration’s proposal to expand this program’s traditional funding focus to include critical minerals mines, which it has not funded in the past. Regardless, it is not likely that funding levels for the credit subsidies used by these programs will be finalized until late this year, or into next year.

I will add that our team is very familiar with the DOE Loan Guarantee program, as we navigated this process some years ago. It is a very slow process and requires more than a year (for some projects) to complete. It also costs a great deal of money and resources in which to engage in this process – those costs can easily grow into the 7 figures. We continue to examine the possibilities here, however.

b) Has Niocorp possibly applied for a U.S. govt. Loan, or Loan Guarantee as described in the context above?

No decision has yet been made as to whether or not to submit a formal application to this program, as our primary financing focus has been on private sector sources.[/quote]

Jump to August 2022- Niocorp is in the process of Optimizing the Hydro-Met & Separation Processes for "ALL" products intended for production via ongoing Demo-Plant testing. (For which we are all awaiting material news when available)
Mark stated something along the lines of "the Tides once again are turning more so than ever...
NioCorp Developments says its Elk Creek project in Nebraska is Vital for the US EV Industry
https://www.proactiveinvestors.com/companies/news/989034/niocorp-developments-says-its-elk-creek-project-in-nebraska-is-vital-for-the-us-ev-industry-989034.html
Touting ESG principles & possible reductions in GHG!
Process Enhancements to NioCorp’s Critical Minerals Project Plans Point to Possible CAPEX and OPEX Reductions and Possible Lower Greenhouse Gas Emissions
https://www.niocorp.com/process-enhancements-to-niocorps-critical-minerals-project-plans-point-to-possible-capex-and-opex-reductions-and-possible-lower-greenhouse-gas-emissions/

Form your own Conclusions...
(A,B,C,D,E, ... Private, Banks, Anchor Investor, Govt. loan guarantee & more may be on the "TABLE"....
I'm not going anywhere...
Yep... Front Row seats indeed!
Go Team NIOCORP!

Chico