Niocorp Developments Ltd (NB)

[chico237]

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

2022 Invocation of the Defense Production Act
https://crsreports.congress.gov/product/pdf/R/R47124

Sharing recent response from Jim: As we wait for material news on the Demo & Given recent events from the U.S. Govt.:
(****8/3/2022 - 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.

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

"INTERESTING RESPONSE imho... (SEVERAL FEDERAL AGENCIES!????)"
Private finance methods have been at the forefront, but as Mark did state "several options" (A,B,C,D,E.... appear to be in play!)
(All ties into what Niocorp disclosed during this Webcast! Q/A worth a listen if you have not done so...!)
REPLAY: NioCorp Live Investor Update Webcast of May 25, 2022
https://www.niocorp.com/replay-niocorp-live-investor-update-webcast-of-may-25-2022/
Quote:
~We have a very experienced TEAM! ~ Fully Separated HIGH PURITY MATERIALS~ STILL WORKING WITH INITIAL ENTITY.... & MULTIPLE ADDITIONAL FIRMS... 5 DEBT providers, ~Largest Investment BANKS on EQUITY SIDE....~ worth a listen!


(~Just imagining what (Private & Govt.) entity/s might be interested in what the "Second Largest U.S. Critical Mineral Resource might be able to Prove out during final Hydromet Optimization & Demo-plant testing for "ALL" products intended for production.~)

Form your own opinions & conclusions!
I'm "Staying Tuned" & waiting with many as Mark, Scott & our Team/L3 work to complete the tasks at hand.

Chico