Niocorp Developments Ltd (NB)

[jeunke22]

Correct all the engineering will be done by the end of the year. As for the feasibility study:
Quote: Next slide. We've covered this before, so I won't spend a lot of time on it. This is from our 2022 feasibility study. We're getting very close now, probably within 5 to 6 months, we should have the updated feasibility study done, and that will allow us to provide updated economic model highlights to you. We're looking forward to that because we know when you add the magnetic rare earth as additional revenue when you increase the amount of titanium that you're going to produce by 6 times, you increased your niobium recovery by 4% or 5%. That EBITDA number on the upper right-hand side is going to go up, which also means that your pretax NPV number on the upper left-hand side is going to go up. So we're very anxious to get that technical work done and be able to report to the market and our shareholders what the updated economic model will look like.Unquote
On EXIM:
Quote: Next slide. So we mentioned we're working on the XM loan process, $780 million. We are very far down the road with EXIM. And once the government gets up and running again, hopefully, we can sit down and finalize this process with EXIM and the shortest amount of time possible. We were supposed to have a meeting with them last week to go over things that are in the second checked item here, which is the preliminary project letter and the preliminary indicative term sheet. We have a report card that we put together and have shared with EXIM from time to time to let them know where we are in the various activities that they wanted us to undertake as part of securing this loan.Unquote.