Niocorp Developments Ltd (NB)

[NorCalTommy]

Email interaction w/ Jim S. (Part 2 of 4)
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NCT QUESTION:] I must say that I am surprised to learn about the financing contingency (to issue the FS). I was under the impression that with possible shelf financing or financing from the GX SPAC, albeit much less than we expected- that financing was accounted for and covered- and the only remaining component would be the finalization of the technical piece, i.e., demo plant testing completion. However, it sounds like financing is wholly contingent/dependent on funds coming in from either (or both) EXIM and Stellantis before you can move forward on the issuance of the FS (which may or may not be a prereq. for Stellantis equity financing and/or offtake) …..…..Please correct me if this is NOT the case…

I must also say that all of these interdependencies/contingencies and prereq’s make this a very confusing equation….. but as we well know, NB shareholders are a very tolerant, patient and understanding lot indeed! And it would be an understatement to say that the aforementioned shareholders have gone thru a lot of bumps, turbulence and twisty roads during our ride with Niocorp….. but having said all that….hope STILL springs eternal…..

JS Response] 3/4/24: Advancing the project on almost any level requires funding, although not necessarily from EXIM or Stellantis. There are a number of options we are pursuing now to secure funding necessary for us to continue moving things forward.
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