Niocorp Developments Ltd (NB)

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So am I reading this correctly? - EXIM (approval or not approval) will take APPROXIMATELY 6 to 9 months ?!—if that is so —then what is PLAN B ??? …


“NioCorp expects to submit an application to EXIM to begin the first phase of the underwriting process (“Phase I”) as soon as possible. As stated in the Letter of Interest, "Upon receipt of NioCorp's application for financing, EXIM will conduct all requisite due diligence necessary to determine if a Final Commitment may be issued for this transaction.” The process from submission of a Phase I application to a final commitment of financing by EXIM, if any, is expected to take approximately six to nine months and is subject to a number of risks and uncertainties. See “About NioCorp- Application Process” and “Forward-Looking Statements Disclaimers” below for additional information.