Niocorp Developments Ltd (NB)

[chico237]

DOE ~Sector Spotlight: Critical Materials Loan Programs Office FEBRUARY 9, 2023~
https://www.energy.gov/lpo/articles/sector-spotlight-critical-materials

In the last few months, LPO has made four announcements connected to the ATVM program – loans closed with Ultium Cells and Syrah Vidalia, and conditional commitments to Rhyolite Ridge and Redwood Materials.

If you’re new to LPO, ATVM refers to the Advanced Technology Vehicles Manufacturing Loan Program. This program provides loans to onshore and scale-up the manufacturing of eligible vehicles and qualifying components. The ATVM projects in our pipeline include manufacturing facilities for vehicles, batteries, battery precursor materials, other key vehicle components, and the processing of critical minerals. The Bipartisan Infrastructure Law expanded the definition of “advanced technology vehicle” to include medium- and heavy-duty vehicles, locomotives, maritime vessels including offshore wind vessels, and aviation. With additional appropriated funding through the Inflation Reduction Act, LPO has around $55 billion in estimated loan authority for the ATVM Loan Program.

LPO supports projects that are led by the private sector, which means we provide senior debt financing to projects developed by the private sector. LPO evaluates applications to determine whether they are eligible for financing under the ATVM program and offers a pre-application consultation process to potential applicants to discuss their proposed project. The office conducts rigorous due diligence, and we ensure that projects meet financial, technical, and environmental requirements, as well as a “reasonable prospect of repayment,” before providing a loan.

If we want to reach our decarbonization goals, we need to electrify transportation at mass scale and as fast as possible, while ensuring stable supply chains for batteries and the critical minerals that power them. LPO is getting us closer to that goal by implementing appropriated funding toward projects that are re-shoring and onshoring electric vehicle and critical minerals supply chains.

CRITICAL MINERALS PROCESSING – SYRAH VIDALIA ~$102 Million
CRITICAL MINERALS PROCESSING – RHYOLITE RIDGE ~$700 Million
CRITICAL MATERIALS RECYCLING – REDWOOD MATERIALS ~ $2 BILLION
BATTERY CELL MANUFACTURING – ULTIUM CELLS ~ $2 BILLION
(THAT IS ALMOST $5 BILLION! & D.D. shows the DoE/LPO has over $400 BILLION remaining funds)
Each month, the LPO Monthly Application Activity report updates:

1) The total number of current active applications that have been formally submitted to LPO (126)
2) The cumulative dollar amount of LPO financing requested in these active applications ($119.9 billion)
3) The 24-week rolling average of new applications per week as of the close of the previous month (1.4)
4) Technology sectors represented by applications
5) Proposed project locations represented by applications
6) Status of where applications stand in the review process: Of the 125 active applications, approximately 45% of applications are under initial review, approximately 40% are under advanced review, and roughly 15% are in due diligence!!!!!!

Nebraska is clearly shown!


https://www.linkedin.com/posts/jamestsims_working-with-white-house-officials-on-critical-activity-7026213367346282497-1aW1?utm_source=share&utm_medium=member_android

Jan. 31st 2023 Working with White House officials on critical minerals issues. This Administration is working hard to help support environmentally responsible critical minerals projects like NioCorp’s Elk Creek Project in the great State of Nebraska.

Form Your Own Opinions & Conclusions!

IMHO: I am "SPECULATING" that UCORE (Separation facility), USA Rare Earths Round Top Project, & NIOCORPS ELK CREEK MINE PROJECT "MAY" have "Pending or Submitted Applications! As Described above..." Along with several other KEY Critical Minerals & ENERGY Projects....

Go Team Niocorp!
Chico