Replies to post #111799 on Niocorp Developments Ltd (NB)

[wagner]

Very nice

[PutzMueler]

Preliminary Project Letter (Phase I). Upon satisfactory completion of the phase I evaluation process, the Structured Finance Division will issue a Preliminary Project Letter within 45 days from the date evaluation begins by the financial advisor. The PPL will indicate if EXIM Bank is prepared to move forward on a financing offer and the corresponding general terms and conditions based upon the information available at the time of application.

Evaluation Post-PPL (Phase II). After issuance of the PPL, EXIM Bank will work with the applicant to proceed to a Final Commitment. Please note that EXIM Bank does not issue Preliminary Commitments for project finance transactions. EXIM Bank will continue to utilize the financial advisor for Phase II of the due diligence process.

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

[Tante Duracel]

This is excellent news to start a Friday morning! The first kick to start the chain reaction is lining up :-)
GLTA

[jeunke22]

Thanks Walter, that’s a material event. Mentioned in the Q report. Great news. If Niocorp wouldn’t have qualified than the ‘ process would have stopped’ after phase I. Phase II means we move forward. Great news. Finally. We got ourselves a time line.

[AlwaysOptimistic]

Thanks Walter

[ANTLER]

Great news Walter, thanks for sharing!

[TooSoon]

Nice! Wally, Can you share the link where you found this?

[The_Gman]

Does anyone else find it very interesting that the PR for the PPL didn't come out until 3 weeks after it was received, and not until the end of the last day to submit comments to EXIM on critical mineral funding questions? Almost as if they were waiting to make sure nothing negative or unsupportive was submitted, making the financing all the more likely? Coincidence?

Walter #111799: In the quarterly reporting filed yesterday I read that on April 15 2024 Niocorp received a Preliminary Project letter ( the PPL) from Exim and that letter includes a preliminary indicative Term Sheet.