Replies to post #111983 on Niocorp Developments Ltd (NB)

[PutzMueler]

Yes, Jobs and Exports are the basis for their letter of interest, and he $800,000,000 loan amount.
The calculation on how they determine the loan amount, is posted on their website.

If i recall correctly, we could garner a larger sum than what was in the Letter of Interest.(LI)

[The_Gman]

Jobs: The amount of EXIM financing made available for individual projects will be scaled based on the number of U.S. jobs supported, both during construction and over the life of EXIM’s financing.

Each job-year (e.g., one job over five years is five job-years) allows for up to $205,336 in financing.

https://www.exim.gov/about/special-initiatives/make-more-in-america-initiative

That number appears to have been increased $16,094 since 2022 when MMIA policy started.

Jobs Standard
Make More in America financing will be scaled according to the number of US jobs supported during construction and over the life of the project. Every one job per year (i.e., 50 jobs per year for five years would be counted as 250 jobs) allows for up to US$189,242 in financing.

https://www.squirepattonboggs.com/-/media/files/insights/publications/2022/05/exim-approves-make-more-in-america-initiative-supporting-domestic-manufacturing-and-infrastructure-projects/exim-approves-make-more-in-america-initiative.pdf

If you divide $800,000,000 by $189,242, you get 423 (rounded). 423 times the difference of $16,094 is about $6.8 million additional? Seems low for inflation and maybe low for the total number of jobs? Not sure how that all works. Does anyone recall the post where it said a company was authorized a higher award because of inflation?

https://www.niocorp.com/1200-construction-workers-expected-hired-build-niocorps-elk-creek-nebraska-superalloy-facility-peak-construction-period/