Niocorp Developments Ltd (NB)

[chico237]

Hey Crit!/all- Just wanted to add the following observation after re-reading my original email...
6/17/2021 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."

On 12/22/2021 Jim:
a) Has Niocorp recently applied for a U.S. govt. Loan, or Loan Guarantee as described in the context above?

We are currently examining whether or not NioCorp’s Elk Creek Project would qualify for debt financing under the DOE LGP program.
Thx,
Jim

On 8/3/2022 asked the following questions:
a) Could you offer comment on how this may affect the Elk Creek Mine moving forward?
117th Cong., 1st Sess. H. R. 5376
https://www.congress.gov/bill/117th-congress/house-bill/5376
https://www.energy.senate.gov/services/files/44ADD84F-9840-4B24-9BE9-DFCF353ABF2B
Response:

The Senate Democrats’ “Inflation Reduction Act of 2022” legislation does indeed include several provisions that may be helpful to the Elk Creek Project. These include both production tax credits that would apply to all the critical minerals that we intend to produce, additional funding for the DPA Title III program aimed at supporting critical minerals production, and additional lending authority for the Title XVII program at DOE. If these provisions survive the amendment processes in the Senate and House, the Byrd Rule in the Senate, and can be passed by both Houses of Congress and is signed into law, it could have multiple positive impacts to the Project.

The bill text, as is presently available publicly, is attached. This bill will undoubtedly change when the Senate takes up the reconciliation process, as reconciliation does not limit amendments. There will be many amendments offered by both sides. Some of the bill’s provisions may not survive challenges on the Senate floor under what we call the “Byrd Rule.” Additionally, implementing regulations must be written by agencies of jurisdiction following the bill’s enactment into law to determine many of the details of various programs and funding initiatives. As always with government programs and processes, little happens quickly.
(But it does finally appear to be finally happening... T.B.D. indeed)

Apart from this bill’s proposed provisions, we have been working with several federal agencies regarding potential assistance to the Elk Creek Project, but those agencies do not allow us to disclose any details of those processes.
All the best,
Jim

b) Has Niocorp possibly applied for a U.S. govt. Loan, or Loan Guarantee as described in the context above?
(I did not receive a response to this follow up question... )

Crit: All Speculation on my part - "IF" a German Loan Guarantee is in play... It makes sense that a U.S. Loan Guarantee "may" also be an option (A,B,C,D,E... as mentioned by Mark in the May Webcast Q&A posted on the Niocorp site as one of the 5 potential "Debt/options" moving forward?)
At least 3 major Banks (Which ones I haven't a clue!), & in addition Unmentioned Private Entities (which we have all guessed at! lol....)

Form your own opinion & conclusions:
Our Team continues to move the Elk Creek Project forward. Waiting with many to see the final Demo-results & upcoming 2022 F.S. with all the goodies & economics updated. (& maybe some substantial Finance T.B.D.?)

Godspeed Team Niocorp/L3

Chico