After receiving the in-principle eligibility, the next step in the Untied Loan Guarantee program is to submit the overall financing scheme of the project. Without a complete financing scheme, I don't believe there can be any movement on the guarantee.
My suspicion is they are negotiating scandium offtakes and getting into deeper discussions with the lenders. One possibility is that the MS held off on signing any Scandium offtakes until he is able to get the input from the institutions as to what they need to see in the agreements. Those conversations really couldn't happen prior to Friday. The Untied Loan Guarantee application can only come after all this.
I agree, for the SP to see any significant movement upwards, management will need to secure an offtake for Scandium and/or financing will need to be secured. I believe that once these occur the SP will see dramatic price movement. I think the Niocorp team is busy getting PR together and hitting the trail to secure financing. We should see several NR's between now and the townhall meeting. Well, that's my one post that I'm allowed for the day.......lol. GLTA!!!
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