Niocorp Developments Ltd (NB)

[chico237]

Happy to post relevant information & share responses to questions received like many here often do! This past year has been a bit rough on the ihub board. Some of the critique & opinions are rightfully deserved. Some folk- get carried away & go too far... "I think!" Waiting to see what 2024 brings... with many NIOFANS here...
Senate poised to pass giant defense bill with bipartisan support
https://www.washingtontimes.com/news/2023/dec/12/senate-voting-national-defense-authorization-act-m/
The Washington Times - Tuesday, December 12, 2023
The Senate on Tuesday is expected to begin voting on the $886 billion annual defense bill, one of the last must-pass measures of the year. The compromise version of the National Defense Authorization Act is expected to pass with bipartisan support before senators send it to the House for a vote before Congress begins its holiday recess.

As in past years, the annual bill not only sets spending targets but includes dozens of policy riders that can spark fierce partisan battles. Conservatives have complained that House effort to roll back changes in Defense Department policy accommodating servicewomen who seek an abortion has been dropped from the bipartisan bill.



https://democrats-armedservices.house.gov/_cache/files/c/1/c1ece139-8d54-4417-b23a-2f2c9b0790ee/DC56EA4EB0C0E5B0156361C2A4974970.20241128-final-text-summary-for-fy24-ndaa-final.pdf

INVESTMENTS IN DEFENSE INDUSTRIAL BASE
The FY24 NDAA continues our commitment to building on federal investments in
military readiness and our defense industrial base by expanding the Buy America Act,
which requires federal agencies to procure domestic materials and products. This
provides economic benefits for hardworking Americans and American industry in the
face of inflation challenges and barriers that other countries employ to exclude foreign
competition for their own benefit.
Specifically, it requires any new Major Defense Acquisition Program (MDAP) to be
compliant with the Buy America program, with exceptions for qualifying countries. It also
includes a provision that would add Australia and the United Kingdom to the list of
countries that are considered domestic sources, allowing for direct investment by DoD
into areas such as critical minerals and rare earth elements that do not exist in the U.S.
And it includes a provision that would modify the multi-year procurement authority
statue to add industrial base stability to the criteria for what allows a program to qualify
for a multi-year contract.
The FY24 NDAA also supports the defense industrial base by expanding authority to
replenish stocks of equipment provided to Ukraine, Israel, or Taiwan. This will both help
ensure our continued readiness and modernization.

GONNA NEED MORE CRITICAL MINERALS CHIEF!

And the FY24 NDAA authorizes 10 battle force ships to include one Columbia-class ballistic missile submarine, two Virginia-class fast attack submarines, two Arleigh Burke class destroyers, one San Antonio-class amphibious ship, two Constellation-class frigates, one T-AO fleet oiler and one submarine tender. The bill also authorizes a multiyear procurement contract for up to 13 Block VI Virginia-class submarines.

Hanging in there GE! SOME READING WITH COFFEE.... =)

Chico