Niocorp Developments Ltd. (TSE:NB) has released an update.
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NioCorp Developments Ltd., focused on a critical minerals project in Nebraska, has received a preliminary indicative term sheet from the U.S. Export-Import Bank for $800 million in potential debt financing. This step, part of the Preliminary Project Letter, marks progress in the bank’s initial due diligence of the company’s Elk Creek Project. NioCorp’s CEO expressed satisfaction with the ongoing engagement and feedback from EXIM as the company continues to navigate the loan application process.
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