NioCorp Advances $800 Million Financing Application With U.S. Export-Import Bank for Elk Creek Critical Minerals Project
Reuters
Oct 02
NioCorp Advances $800 Million Financing Application With U.S. Export-Import Bank for Elk Creek Critical Minerals Project
**NioCorp Developments Advances Financing Process for Elk Creek Project** NioCorp Developments Ltd. (NASDAQ: NB) has taken another significant step toward securing up to $800 million in debt financing for its Elk Creek critical minerals project in Southeast Nebraska. The company recently executed a professional services agreement with SLR Consulting to conduct an independent environmental and social (E&S) review, a key requirement in the ongoing due diligence process led by the Export-Import Bank of the United States (EXIM). This follows EXIM's earlier approval of NioCorp's application through its initial review stage and the issuance of a preliminary indicative term sheet in April 2024. JPMorgan Chase Bank is assisting NioCorp in arranging the EXIM-supported financing. There is no guarantee that the financing will be finalized or approved by the EXIM Board. The E&S review by SLR, which is also conducting an independent technical assessment, marks further progress in NioCorp's pursuit of funding for the Elk Creek Project.
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