Niocorp Developments Ltd (NB)

[Prudent Capitalist]

Putz: Dean Kehler was at the town Hall meetings and the event with Governor Jim Pilen in November of 2022. He also addressed the Town Hall. I spoke with him afterwards and also came away impressed. I specifically recall Dean telling the assembled group that the GXII investors/Unit Holders looked at over 2 dozen potential acquisitions/merger partners, including some similar to NioCorp, and that NioCorp stood out above all the rest and was the clear winner in their internal votes. Then GXII holders voted heavily in favor of the merger, i.e. around 96%, but then on the day they had to decide to stay in or redeem......well, we all know what happened. I still believe the turmoil in the financial markets and fear of a banking meltdown in the week leading up to the redemption decision played a significant role in the outcome.