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monocle

02/29/24 12:56 PM

#109183 RE: wagner #109166

They are not done with Yorkville, the latest tranche closes today, not the overall agreement. That doesn't expire until January 2026. From the January 2023 PR,

NioCorp will have the right, but not the obligation, subject to the conditions set out therein, to sell Common Shares to Yorkville with a maximum aggregate value of up to US$65,000,000 over a period of up to 36 months

The latest 10q makes it clear that they need money in large amounts quickly. 600k on hand at years end, 10mil in capital deficits, 800k in monthly overhead, plus 11mil needed to advance the project. If not from Yorkville, then who?