Replies to post #107644 on Niocorp Developments Ltd (NB)

[The_Gman]

I’m not sure why you think all the “prerequisites and red tape” are a bad thing when we’re talking about almost a billion dollars (up to 80% of project cost). In addition to a loan, which has to be paid back by the company once production starts (no dilution), there is also the potential for basically free money from agencies which does not have to be paid back (no dilution).

The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent Executive Branch agency with a mission of supporting American jobs by facilitating the export of U.S. goods and services.

When private sector lenders are unable or unwilling to provide financing, EXIM fills in the gap for American businesses by equipping them with the financing tools necessary to compete for global sales. In doing so, the agency levels the playing field for U.S. goods and services going up against foreign competition in overseas markets, so that American companies can create more good-paying American jobs.

Because it is backed by the full faith and credit of the United States, EXIM assumes credit and country risks that the private sector is unable or unwilling to accept. The agency's charter requires that all transactions it authorizes demonstrate a reasonable assurance of repayment; EXIM consistently maintains a low default rate and closely monitors credit and other risks in its portfolio.

https://www.exim.gov/about