Niocorp Developments Ltd (NB)

[tedro84]

Your diligence on the SPAC deal has been exemplary and you should be commended by the board for providing this level of detail.

In your opinion, would it be fair to categorize this deal as risk free for the founders and anchor investors? Or more than that, was it guaranteed profit?

I have not done near the amount of research on this deal as you have, but I’ve researched the details of previous deals that NioCorp had made with various parties extensively, most specifically the offtake agreements and various funding agreements.

I can’t think of a single agreement where the counterparty to a Mark Smith deal assumed any risk.