Perhaps because DoD had stricter contracting rules back then, and NioCorp had no major funding source to show that they could ultimately produce anything for DoD even if DoD gave them a few bucks. I don't think they could pay for feasibility studies back then anyway. Unclear why they didn't go after the IRS 48c money, but maybe because it derives from tax credits and they had/have no income. I'm just guessing on both.
Not sure I get the point? It takes time to build the plant and get it producing. I guess you can still say the same thing in 2 years about importing all our critical minerals because the mine will take more than 3 to get operational.
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