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CritM3

08/02/23 9:33 PM

#99702 RE: AlwaysOptimistic #99701

AO, The Company submitted its Phase I application following receipt of a Letter of
Interest from EXIM in February 2023, as announced on March 6, 2023, with
regard to EXIM's potential interest in helping to finance the construction and
development of the Elk Creek Project.

According to EXIM, the process from submission of a Phase I application to a
final commitment of financing by EXIM, if any, is expected to take
approximately six to nine months and is subject to a number of risks and
uncertainties.
https://www.bloomberg.com/press-releases/2023-06-06/niocorp-applies-for-debt-financing-from-the-us-export-import-bank