Replies to post #107657 on Niocorp Developments Ltd (NB)

[The_Gman]

Did you forget what you wrote? You specifically mentioned "the company," which last time I looked on this board, was Niocorp.

but you seem to be trying to make it seem like it is a seamless positive event for the company, when there’s also no historical data for that as well.

There absolutely is existing historical data for the new North American policies unless you're saying that "history" begins with a decision on Niocorp.

Biden mandated it in 2021
EXIM approved procedures in 2022
EXIM made the first loan in 2023
Two other applications are pending and one appears to be almost complete

One is from 2022 for steel pipe, which doesn't carry the same weight as critical minerals. Unable to find anything about this company's application to EXIM, so have no idea where they are in meeting requirements. It's impossible to say what the hold-up is.

The other is a battery plant from 6/2023 that appears to be about done, but is experiencing an unknown delay for a few months at this point. Keep in mind, the U.S. has been in a CR since 10/1/2023 and little gets done anyway in the gov't through the holidays. Not saying that's the hold-up, just another potential speed bump.

The Company has executed a term sheet and engagement letter for a debt financing facility (the “Facility”) from a government-backed lender. Total debt funding, excluding grants and other incentives, which will be led by said lender, will provide more than 80% of the required capital for the first phase. Under the lending terms, Electrovaya hired a third-party engineering firm to review the feasibility of the project. This review was recently completed with a positive outcome. The lending agreement is expected to close in September or October of 2023, pending remaining legal and due diligence steps.

https://batteryindustry.tech/electrovaya-provides-update-on-planned-new-york-battery-gigafactory/