I am more optimistic about NioCorps future but respect other peoples right to suggest otherwise. Today is not a good day for many stocks on the heals of banking news. Even MP Materials stock is down after news that Australia's wealthiest person who owns Lynas Rare Earth mine in Australia has acquired a 5% stake in MP and may acquire or merge the 2 companies and on the heels of news earlier this week from Morgan Stanley that mineral mining development and investment in the US is poised to take off with robust govt support and investment in domestic mining. The fact that some entity was willing to invest $8,000,000 in NioCorp is a vote of confidence and EXIM and Stellantis financing are still on the table. All investments have risks, including the Perpetua mine who has applied for EXIM financing and just received a LOI for 1.8 Bil from EXIM last Monday and even their stock is down today. Share price always goes up on good news and settles down after news until the next news cycle factored in with World news events, reports on inflation, job hiring, bank profitability. The stock market is complicated. For now, I am betting NioCorp gets EXIM and Stellantis financing until proven otherwise but have to admit the journey has been painful and may be for the foreseeable future. I would hope there is more clarity on EXIM coming up on 12 month application process and look forward to seeing addtl news re financing to complet the FS. Just my perspective. PS: I have no issues if NioCorp decides to sell the mine. Maybe the billionaire from Australia should be contacted to invest or consider a merger My guess is NioCorp mgt wants to see this mine succeed but anything can happen.
NioCorp Developments Ltd. (NB) 3.0935 -0.1465 (-4.52%)
MP Materials Corp. (MP) 16.69 -0.61 (-3.53%)
Perpetua Resources Corp. (PPTA) 5.75 -0.51(-8.07%).
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