NioCorp Receives Preliminary Indicative Term Sheet from U.S. Export-Import Bank on Potential $800 Million Debt Financing

NioCorp Developments Ltd., listed under NASDAQ:NB, announced it has obtained a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM) for a potential $800 million in debt financing. This financial support aims at backing the Elk Creek Critical Minerals Project. Alongside this initial term sheet, EXIM shared its early due diligence findings via a Preliminary Project Letter. This marks a significant step as NioCorp's management continues to collaborate with EXIM, moving the project through the subsequent phases of due diligence and the loan application procedure.

NioCorp's CEO and Chairman, Mark A. Smith, expressed satisfaction with the ongoing process and the constructive feedback from EXIM. He highlighted the commitment and professionalism of EXIM's staff in facilitating the financing application process. The exact duration of this application process remains uncertain at this phase.