Niocorp Developments Ltd (NB)

[PutzMueler]

He did not say that and you are the one who should read again, what EXIM has stated.

Gman said

EXIM expressed an interest without a new FS and no one has stated that’s a condition going forward, but it probably wouldn’t hurt.

Without speaking for him my opinion of what he said is we got the letter of interest without an up-to-date (new) feasibility study.

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https://www.exim.gov/solutions/project-and-structured-finance/our-approach-to-project-finance#:~:text=A%20technical%20feasibility%20study%20or,technical%20feasibility%20of%20the%20project.

This is what EXIM says

A technical feasibility study or sufficient detailed engineering information needs to be provided to demonstrate technical feasibility of the project.

We have a feasibility study it’s just not up-to-date. But it seems to have been good enough for EXIM to give us a letter of interest suggesting they would be willing to lend NioCorp up to $800 million

JMO