Niocorp Developments Ltd (NB)

[Prudent Capitalist]

Not true T&T. It has been explained more than once, and Management has acknowledged that Mark Smith should not have repeated what he and NB were told by the CEO or head of the then likely lead lender at that time in late 2019. But that was very late in 2019, and it may have been accurate at the time. However, everyone knows what happened in January of 2020 when COVID hit and shut everything down around the world in a matter of weeks, creating a risk-off environment everywhere. The lender pulled back like everything else at that time. there were no deals like funding a project like this getting done for some time after that, and the funding that was supposedly imminent in 2019 never came about. In short, with all due respect I submit that your comments are inaccurate and misleading.

Financing was declared to be “imminent” years ago. We are way past the time that the term imminent was viably reasonable.

Niocorp management failed to provide investors with an explanation as to why that imminent financing did not happen.