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Friday, February 02, 2024 1:07:07 PM
" GX financing clearly made little traction but even if it had gone through, it was less than 20% of what NioCorp needed to finance construction of the mine."
Cannot argue however that the failure of major funds coming to NioCorp from GX have hurt the share price but had the funds been transferred, the project would still be $1 Billion short of what they needed to finance building the mine and the share price might still have suffered until there was a plan in place to finance the entire project. Re: the cost of the GX transaction being funded by Yorkville, My recollection is that NioCorp recived about $16,000,000 from GX shareholders. EXIM and Stellantis are a solution to financing the mine. Lets see what happens. Nothing ventured nothing gained.
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