I actually agree with your first paragraph. Regardless of the final debt percentage, it would behoove NioCorp to put out a press release like this. Granted, certain aspects of the agreement may be subject to NDA’s, but if some sort of deal was in place, why couldn’t they put out a PR that says something along the lines of “Morgan Stanley (or bank of your choice), on behalf of NioCorp, has secured a debt syndicate commitment of xxx million for its Elk Creek Superalloys facility”. This agreement is subject to securing additional financial commitments for the remaining xxx million to fund the capex of the project.
If commercial terms were agreed to two years ago and if the company was really right on the verge here, why hasn’t there been an announcement like this? It’s generic in nature and helps all parties involved as to not violate any NDA’s, so where is it?
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