NioCorp Receives Preliminary Indicative Term Sheet From U.S. Export-Import Bank On Potential $800M Debt Financing
Portfolio Pulse from Benzinga Newsdesk
NioCorp Developments Ltd. (NASDAQ:NB) has received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM) for $800 million in debt financing for the Elk Creek Critical Minerals Project. This step is part of the initial due diligence and loan application process with EXIM, and NioCorp's management is actively working with EXIM to advance the project further.
May 06, 2024 | 9:17 pm
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NioCorp Developments Ltd. has received a preliminary term sheet for $800 million in debt financing from EXIM for its Elk Creek Project, indicating progress in its financing and project development efforts.
Receiving a preliminary term sheet from EXIM is a positive development for NioCorp, indicating that the project is moving forward in the financing process. This news is likely to be viewed positively by investors as it demonstrates both the project's potential and the company's ability to secure significant financing. However, the term sheet is non-binding and preliminary, which introduces some uncertainty regarding the finalization of the financing.
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