Niocorp Developments Ltd (NB)

[ge11]

G-Man....there are 2 comments on the EXIM site.....can see one of them below-made by American Rare Earths
What is the next step when comment period is over Monday May 6??

https://www.federalregister.gov/documents/2024/03/07/2024-04883/information-request-on-financing-support-for-critical-minerals-projects

Comment
(C) – U.S. based critical minerals project (magnetic rare earths – Nd, Pr, Tb, Dy)
1) mining, refining and processing – development stage
2) Wyoming – state permitting with expedited path to production
3) Yes, all are deemed critical in DOE supply risk matrix
4) Financial hurdles are principally that Chinese cost of capital for competing projects is essentially zero.
5.) State-owned enterprises (SOE) have been formed in China through industry consolidation in the rare earth industry – which has lead to monopolistic pricing power and control of investment sentiment in the industry for new projects.
6.) We have not used EXIM financing
7.) We are interested in learning more about domestic funding, as this questionnaire is focused on a) US exporters to projects b) US based users of minerals – ExIm is ignoring the potential to solve these problems with domestic sources.
Comment ID
EIB-2024-0004-0002

Tracking Number
lvm-k0h1-wkbd

Comment Details
Submitter Info
Organization Name
American Rare Earths

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