NioCorp Advances Critical Minerals Project with EXIM Support

NioCorp Developments Ltd. is making progress in its pursuit of up to $800 million in debt financing with backing from the U.S. Export-Import Bank. This week, NioCorp signed a professional services agreement with SLR Consulting to conduct an independent environmental and social review of its Elk Creek Project in Southeast Nebraska. The review is a crucial part of the bank's project due diligence.

SLR Consulting will now handle both technical and E&S reviews for EXIM. NioCorp received a preliminary funding term sheet in April 2024 and is working with JPMorgan Chase to secure financing. Despite these advancements, there is no guarantee of funding approval from EXIM's Board of Directors.