Replies to post #31415 on Niocorp Developments Ltd (NB)

[Landmark8211111]

I recall very similar language from the "Senate Armed Services Commitee" directive to the DOD a couple of months back. In peticular the line: " this significant funding is allocated for domestic producers that the Department believes are likely to initiate commercial production of such materials within the next five years."
$5,000,000 is a lot of cash that would keep our burn-rate going for several months! let's hope we also qualify...


The $5 million program has direct import to Ucore, as the funds have been set aside for the “development of improved manufacturing technology for separation, extraction, smelter, sintering, leaching, processing, beneficiation, or production of specialty metals such as lanthanide elements...” The lanthanide elements comprise the suite of metals more commonly referred to as the Rare Earth Elements. As previously stated in a report by the Senate Armed Services Committee, this significant funding is allocated for domestic producers that the Department believes are likely to initiate commercial production of such materials within the next five years.