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Thursday, November 16, 2023 9:30:59 PM
Positive News and Development: I frequently check the EXIM website to see if there is anything referencing our project or application. This morning, much to my surprise and delight, there was a new reference to Niocorp's (NB) Elk Creek project listing us as a "Pending Transaction," as of November 8, 2023, which is today and listed as the "Project Posting Date". In fact, it appears to be referenced as a "Pending Approved Transaction," but no one should believe it has actually been finally approved by the EXIM Board of Directors, which would be the final required approval. I tried to reach out to Jim Sims for more information, but he was out of the office. I thought this was important enough to call him. When I reached him, Jim indicated that he, Mark and Scott are out at the sight near Elk Creek working on the project, and they were actually at that time meeting with a Japanese Business News crew that was there doing a major story on the project. Jim stated that they have a lot of potential investors in Japan and that this was a very positive development. He also confirmed that NioCorp has moved beyond the very important first stage of being passed on by the Transaction Review Committee 1 (TRC 1), and that is the point where EXIM lists the transaction as "pending", but he emphasized that there are 2 more additional stages prior to Board of Directors approval. He did also emphasize that, to his knowledge, there has not previously been any applicant moving to this stage and not receiving final approval from the Board. But he noted that might not include any applicants that withdrew from the process due to finding other funding, etc. In any event, he stated this is a very big step. He stated EXIM will not allow Press Releases in the middle of the process, but that since I found this information on the EXIM website, he was permitted to discuss it and share additional information. Needless to say, this is a huge step and very positive development. The link to the EXIM site and information on our "pending transaction" is below.
(Credit go's to Prudent Capitalist)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173180670
https://www.exim.gov/policies/exim-bank-and-environment/pending-transactions
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