Niocorp Developments Ltd (NB): The new rules allow for the following:...

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Re: Landmark8211111 post# 105073

Monday, 11/27/2023 9:21:48 AM

Monday, November 27, 2023 9:21:48 AM

The new rules allow for the following:

Full flexibility for setting a project's grace period, repayment profile, and maximum repayment term, subject to a maximum average life of 5.25 years; or
The extension of a project's average life up to 7.25 years, subject to constraints for setting a maximum grace period of 2 years and a maximum repayment term of 14 years.

In this case, the mine will have to be productive two years after signing the contract.

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