DD Support Board and Research Team

[Prudent Capitalist]

1 RS since I have owned it. Profits come after the mine is built and up and running in full production. Takes $1.2 billion to get it built but the EXIM loan process for which NB was invited to apply for up to $800 million is in the final stages. Equity funding is also a critical component and has been going well. NB had $162.8 million in cash as of September 30 and just closed a PP for another $150+ million. The established resource (Niobium, Scandium, titanium, and various REE's) is too large and too critical for the US and national security for the mine not to be built and the debt portion of the funding gets paid down very rapidly once up and running in full production. The US is currently almost 100% reliant on foreign sources for the big 3, primarily China and Russia.