Niocorp Developments Ltd (NB)

[monocle]

What they closed out yesterday was the issuing of shares to Yorkville for them to sell to repay the 16 million advance from March 2023.

That money was gone by the fall of last year, while the damage from the debentures continued until yesterday. When the money was gone they then began getting smaller advances on the agreement plus some private placements to keep the lights on.

They have have been trying unsuccessfully for the more than 16 months since that 16 million advance to raise money to satisfy EXIMs due diligence needs and fund a new feasibility study. Meanwhile progress has ground to a halt and they actually blame EXIMs staffing shortage for the delay. What a crock.

Doesn't look like they have anything in their hands...
Not Stellantis, remember there was supposed to be a deal by November last year?

That weird loan in March that made it sound like something was coming by the end of May? Nothing since.