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NioCorp takes step toward $800M U.S. loan

Metal Tech News - May 8, 2024

Critical minerals company receives preliminary term sheet for mine financing from EXIM.

The Export-Import Bank of the United States (EXIM) has extended an offer to loan NioCorp Developments Ltd. $800 million to help fund the development of Elk Creek, a critical minerals project in Nebraska that would provide a domestic source of niobium, titanium, scandium, and rare earths.

"Our goal is to make No...


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