NioCorp Developments Ltd. announced on May 16, 2025, that it has received a preliminary, non-binding Expression of Interest (EOI) from UK Export Finance (UKEF). UKEF is the British export credit agency.
The EOI is for a potential debt guarantee of up to $200 million, intended to help finance the construction of NioCorp's proposed Elk Creek Critical Minerals Project. This represents a significant potential addition to the project's funding strategy.
Any debt guarantee issued by UKEF would be coordinated with prospective debt financing currently under consideration by the Export-Import Bank of the United States (EXIM). This development diversifies NioCorp's financing options and strengthens its overall position in securing the necessary capital for the project.
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