Niocorp Developments Ltd (NB)

[douginil]

In the February 26, 2024 issue of BusinessWeek, page 28 is an article “ The US Races to Rebuild Its Metals Stockpile”. ( Good luck on finding it on the bloomberg.com website)

It is a very good article about the problem we are faced with in critical metals. Quite a bit of discussion on the situation that Cobalt is in, with Jervois Global Ltd shutting down its Idaho mine just as it was ready to start producing Co ore because of the dropping price of Cobalt.

Relative to the Government becoming financially involved in critical metals supply chains:

US officials have been deployed to convince people that times have changed. Helaina Matza, who oversees Biden’s global infrastructure investment program, visited several mining projects in Congo in October 2023 and has been working with White House senior advisor for energy and investment Amos Hochstein to court mining companies and encourage financing for copper and cobalt assets in the region.

Potential partners include sovereign wealth funds and TechMet Ltd., the critical minerals investment company whose shareholders include the US government’s International Development Finance Corp. Washington also agreed to help finance parts of the $2.3 billion project to rebuild and expand the Lobito railway corridor ...”

With Mark Smith being an the advisor with TechMet Ltd. you would hope that NioCorp would be at the top of Ms Helaina Matza list of companies to try to work with for critical metals and rare earths.