NioCorp nears $800 million EXIM financing

Niocorp Developments Ltd. (TSE:NB) has released an update.

NioCorp Developments Ltd., focused on a key minerals project in Nebraska, has received a preliminary indicative term sheet from the U.S. Export-Import Bank for $800 million in potential debt financing. This step, part of the preliminary project brief, marks progress in the bank’s initial due diligence investigation into the company’s Elk Creek Project. NioCorp’s CEO expressed satisfaction with EXIM’s continued engagement and feedback as the company continues to navigate the loan application process.

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