Niocorp Developments Ltd (NB)

[Prudent Capitalist]

Putz, As I previously conveyed, Jim Sims emphasized that there are 2 more additional stages prior to Board of Directors approval beyond our successful completion of the first stage to reach "Pending" status, and that we had to involve some financial and other outside professionals to successfully navigate those 2 stages. As for the Environmental and Social Impact report, I suspect we already have most everything we need for that, as NB was already issued all of the requisite environmental, e.g. air, water, etc. permits and certification approvals in those areas. I also remember that Mark explained at the Town Halls in Nebraska a year ago that one of the delays after COVID subsided was that, by then., all lenders were requiring every applicant to have an "Auditable ESG Program" and that we spent 6 months or more putting that program together. So, that should also suffice for at least a major portion of that report.

That having been said I do not know what has been provided thus far in connection with the 2 additional stages of the EXIM approval process.

Also worth re-stating from the 11/8/2023 post that when this came up that Jim sims also emphasized that, to his knowledge, there has not previously been any applicant moving to this stage ("Pending" status) 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.