Replies to post #104192 on Niocorp Developments Ltd (NB)

[jwr610]

Thanks for finding and sharing! From the website:

On June 1, 2023, the EXIM Board of Directors approved a $907 million transaction, the largest in EXIM’s history, that will support the construction of two solar energy power plants in the Republic of Angola. This project – with SunAfrica as project developer – will generate more than 500 megawatts of renewable power and provide access to clean energy resources across Angola. It will support the exports of U.S. solar panels and other equipment as well as 1,600 jobs. The project -- initially announced during the 2022 G7 Summit -- advances President Biden’s flagship Partnership for Global Infrastructure and Investment (PGII), which aims to advance digital and energy infrastructure worldwide.

If they are willing to approve close to a $B for a company in Angola, I'm thinking our requested amount for a US Company should be a no brainer....

[stark12]

Very encouraging. Thanks!!

[Landmark8211111]

WOW PC !! — Now that sounds GREAT! …

Cheers.

[walterc]

great find and thank you for informing us.

[NEgoodlife]

Thanks PC! Very encouraging. Great find.

[grunt23]

Thanks PC

Have a great day!

[Avockil]

Thank you Prudent Capitalist for sharing this important information.
Appreciate your due diligence and support very much.

[NorCalTommy]

Nice find Prudent!! thanks for sharing!

[PutzMueler]

Thanks PC Good DD

There are other projects pending, a few for quite awhile, but they are from far away places. We seem to be the only North American name pending approval. I figure our ducks are in a row and we should not be pending for long.

[Richard Thomas]

Can we get this pinned.
Thanks mods.

[chico237]

Tremendous! Thank-you for sharing PC... just catching up & "PENDING" sounds really good to me! Plus Japan.... oh boy DOTS!!!! =)
Now IF only a PRIVATE PLAYER OR OFFTAKE NEWS.... prior to AGM...
Let's Go Niocorp!
Chico

[PutzMueler]

A little reminder for all.

https://www.exim.gov/solutions/project-and-structured-finance/our-approach-to-project-finance

[ANTLER]

Exciting find Prudent Capitalist. Thanks for sharing! This is the type of DD that makes this board special. As an added bonus nowadays it buys us a short break from our not so welcome bashing friends.

[PutzMueler]

The Antler affect. eom

[scooter83]

Today's 10q confirms dd by Prudent Capitalist.

"NioCorp submitted a formal application to EXIM for a loan under EXIM’s “Make More in America” initiative on June 6, 2023. The Company was informed that its application received approval by the first of three reviews by the EXIM Transaction Review Committee on October 2, 2023. EXIM has indicated that they will now devote additional resources to the processing of the Company’s application and will require the Company to execute indemnity fee agreements with external consultants who will be tasked with conducting detailed reviews of the financial and technical (including environmental) aspects of the Company’s application."

[PutzMueler]

This link is-attached to the one you provided for Pending Transactions, and I believe is where we want to end up.

Approved Transactions
https://www.exim.gov/policies/exim-bank-and-environment/make-more-america-initiative-approved-transactions

[ALDRADJKD123]

Positive news and developments………LMFAOOOOOO

Major accomplishment today, a new 52 week low……….

[PutzMueler]

PC do you know if NioCorp has delivered the ESIA’s Report to EXIM Bank, or if it comes from a government agency?
As per the link I put below there seems to be people that organized and write the material needed

ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT REPORT

I assume that is the only reason we are still pending approval. Per the link you provided.
****************
About ESIA Report
https://www.exim.gov/policies/exim-bank-and-environment/environmental-impact-assessment-reports

[PutzMueler]

So we could be looking at approval any time now, since the ("at least")30 day period has been reached
Pending since, 11/8/2023

PENDING ENVIRONMENTAL CATEGORY A PROJECTS
Projects classified by EXIM as Environmental Category A transactions require an Environmental and Social Impact Assessment (ESIA), which must be made available to the public for at least 30 days prior to EXIM consideration for final approval.

I'm considering the fact that some concerned Congressmen have asked EXIM to speed up the approval process for Critical Mineral projects.


*****************
A new NioCorp UK start up.
A visit from Japanese news crew
Multi-National cooperation/meetings/funding

https://www.bloomberg.com/news/articles/2023-10-05/us-turns-to-private-investment-for-critical-mineral-projects

[dutchfree]

Thanks for your update!!! Much appreciate it!!

[Landmark8211111]

Worthy of a re-play! …

Prudent Capitalist
Re: None
Wednesday, November 08, 2023 1:14:29 PM
Post# of 107203 Go
Positive News and Development: I frequently check the EXIM website to see if there is anything referencing our project or application. This morning, much to my surprise and delight, there was a new reference to Niocorp's (NB) Elk Creek project listing us as a "Pending Transaction," as of November 8, 2023, which is today and listed as the "Project Posting Date". In fact, it appears to be referenced as a "Pending Approved Transaction," but no one should believe it has actually been finally approved by the EXIM Board of Directors, which would be the final required approval. I tried to reach out to Jim Sims for more information, but he was out of the office. I thought this was important enough to call him. When I reached him, Jim indicated that he, Mark and Scott are out at the sight near Elk Creek working on the project, and they were actually at that time meeting with a Japanese Business News crew that was there doing a major story on the project. Jim stated that they have a lot of potential investors in Japan and that this was a very positive development. He also confirmed that NioCorp has moved beyond the very important first stage of being passed on by the Transaction Review Committee 1 (TRC 1), and that is the point where EXIM lists the transaction as "pending", but he emphasized that there are 2 more additional stages prior to Board of Directors approval. He did also emphasize that, to his knowledge, there has not previously been any applicant moving to this stage and not receiving final approval from the Board. But he noted that might not include any applicants that withdrew from the process due to finding other funding, etc. In any event, he stated this is a very big step. He stated EXIM will not allow Press Releases in the middle of the process, but that since I found this information on the EXIM website, he was permitted to discuss it and share additional information. Needless to say, this is a huge step and very positive development. The link to the EXIM site and information on our "pending transaction" is below.

https://www.exim.gov/policies/exim-bank-and-environment/pending-transactions

[ALDRADJKD123]

“ This morning, much to my surprise and delight, there was a new reference to Niocorp's (NB) Elk Creek project listing us as a "Pending Transaction," as of November 8, 2023, which is today and listed as the "Project Posting Date". In fact, it appears to be referenced as a "Pending Approved Transaction," “

And over 10 months later…..lol

Also, it does not state or show anything about being referenced as a “Pending Approved Transaction”

[Truth and Transparency]

Wow! Soooooooo you’re saying financing is imminent? 🫠

[Truth and Transparency]

Wow! Soooooooo you’re saying financing is imminent? 🫠

[ALDRADJKD123]

TIMBER


Are you still checking? 🤣🤣🤣

[PennyStockInvestor]

Why has the EXIM Bank financing been pending for over a year, when NB only has a paltry amount of funds to sustain their operations?
It's perplexing to me how the United States gives billions of dollars to Israel and Ukraine instead of fast tracking a robust domestic rare earth supply chain.

https://www.exim.gov/policies/exim-bank-and-environment/pending-transactions