NioCorp Developments Ltd. has received a preliminary, non-binding Expression of Interest from the British Export Credit Agency, UK Export Finance (UKEF), for a potential debt guarantee of up to $200 million to support the construction of its Elk Creek Critical Minerals Project. This prospective funding would be coordinated with potential debt financing from the Export-Import Bank of the United States (EXIM) and a possible loan guarantee from the German Government's Untied Loan Guarantee Loan Program. The guarantee from UKEF is contingent upon NioCorp meeting specific conditions, including establishing offtake agreements with UK-based companies. This development reflects an ongoing regulatory review and engagement with various international financial bodies to secure project financing.
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