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ge11

01/09/24 2:55 PM

#107010 RE: ctkrod #106988

Thanks ctkrod for sharing Jim's response.

Regarding the Edison note, while we commissioned them to do an independent analysis, the assumptions and conclusions were their own, and there are many elements of their forecast with which we disagree. Their assumption of the magnitude of future issuance of equity, and the price of such equity, is certainly one of them.

Was NioCorp told to have this independent analysis done? Otherwise why would they have had it done? Anyone....Thanks