NioCorp Developments Ltd. announced on February 3, 2025, that the U.S. Export-Import Bank (EXIM) has advanced its application for prospective project financing. The Elk Creek Critical Minerals Project in southeast Nebraska has moved to an independent Technical Review.
This advancement represents the second step in EXIM's four-step approval process for project due diligence. It indicates significant progress in NioCorp's efforts to secure substantial debt financing, which is crucial for the construction phase of the Elk Creek Project.
The potential EXIM financing, which could be up to $800 million, is a critical catalyst for NioCorp to transition from a development-stage company to a commercial producer. This milestone underscores the strategic importance of the project to U.S. critical mineral supply chains.
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