Niocorp Developments Ltd (NB)

[Wombat2]

Given the federal funding process, and the vagueness of the news release, I sincerely doubt that NIO will receive anywhere near the full $10 mil. from the 2024 NDAA.

The NDAA (with the key being "Authorization Act") is like you setting aside $10,000 next year for a family vacation. You know you want to take a vacation, but you haven't decided where to go. Thereafter, the follow-on "Appropriations Act" is when Congress decides on where the family will go on vacation. Although nice that local politicians get to show they're working for their constituents, every other representative in the country will have a say in where that $10 mil. (vacation) will be, and they may want to vacation closer to their own homes.

Fingers crossed that I'm wrong, but the NDAA is merely the idea. The Appropriations Act is the real deal.