Niocorp Developments Ltd (QX) (NIOBF) News

Apparently it can be done. The key word below is "desperate" imo.

https://knowledge.dilutiontracker.com/en/articles/6814855-what-is-price-protection-on-warrants-and-how-does-it-affect-stock-prices. From the link

Manual adjustment by the company

All warrant exercises prices can be manually reduced by the company, therefore this clause is not explicitly shown on the DT site under the price protection field.



The company may choose to reduce the exercise price below the current stock price in order to entice the holder to exercise, which allows the company to raise some short term funds if they are desperate for cash. In some cases, more warrants are issued as a bonus to further induce the holders to exercise. The market impact is a one time drop on the announcement of the exercise, much like the result of an offering.

I hope that EMP loan is a real possibility and not just another fleeting talking point that we never hear about again.

Even though the NioCorp team said our previous feasibility study will be updated with the relevant material changes, there has been so much that has changed since that feasibility study I would imagine we would be paying for a full cost of a new feasibility study.

Having said that, if we take 1 1/2% of our total project cost of 1.2 million we are looking at a cost for the feasibility study at
$18 million, approx.

So let’s hope the EMP loan from EXIM comes close to that amount.

Fingers crossed
Together with the 10 mio doa

I really hope that the EMP is in the works with EXIM.

Engineering Multiplier Program

EXIM’s existing Engineering Multiplier Program (EMP) provides direct loans or guarantees of commercial bank loans for pre-implementation stage technical services for foreign projects. EMP loans have a maximum five-year loan repayment tenor, which may be folded into the long-term financing of covered projects if they proceed with EXIM support with tenors of up to 18 years and 22 years if eligible under the Climate Change Sector Understanding (CCSU).

The EMP is designed to generate additional exports of U.S. goods and services overall (the "multiplier effect"), since the foreign buyer is more likely to procure U.S. equipment and construction services for a project for which U.S. engineers, designers, architects, and/or environmental analysts undertook the feasibility study, design, and other pre-project work. EMP loans finance feasibility studies, pre-construction design, engineering, architectural and environmental services undertaken prior to commencement of the implementation phase of a physical project.

A detailed feasibility study will be the basis for capital appropriation, and will provide the budget figures for the project. Detailed feasibility studies require a significant amount of formal engineering work, are accurate to within 10-15% and can cost between ½-1½% of the total estimated project cost.

https://www.calculconversion.com/percentage-calculator.html

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https://en.m.wikipedia.org/wiki/Mining_feasibility_study#:~:text=A%20detailed%20feasibility%20study%20will,the%20total%20estimated%20project%20cost.

That’s all part of the feasibility study cost.

Hard to say. The offer to convert existing warrants at a lower price could be structured as an elective, not mandatory, allowing those who prefer to convert at the original $10+ in place. Getting money from willing warrants holders now is a win win for both NioCorp and warrant shareholders. NioCorp gets the money sooner to finance drilling and engineering and warrant holders get to convert at a lower price. Th has already stated that he is willing to convert all or a part of his warrants for a lower strike price. 1,000,000 warrants x $1.75 is $1,750,000. Would be nice to know how many warrants shareholders retain other than Th to get a better picture of how much money would be generated.

Thanks for confirming that EXIM also requires addtl engineering. Do you know how much the drilling and engineering will cost? Would be good to know so we have an idea of how much money they need to raise for those specific items.

Yes, it has been converted to smaller penny stock.

Growing up poor, developed fascinations on word “million” at my early age. So you could see why I hold one million Warrants(NIOBW), and at the height I held 1.25 millions of LWLG shares, but no more it is down to 250k now.

Niocorp is an converted penny stock...

I thought with some DD, never fall in love with sweet talks from management and with personal lucks money can be made on stock markets. No???

At the end of last Great Recession I became my own money manager, I have been doing OK with couple penny stocks. LWLG was one of them.

Mark mentioned he was heading to DC in the railveyor presentation June 4th. Jim responed to my question June 8th

Here's hoping 🍻


I appreciate you posting, when did Jim send that? I think lack of money is certainly slowing things down as well.

Was this before ore after EXIM needed the new drilling that is unfunded and a timeline to complete its analysis is still up in the air? This certainly did not "speed things along". Perhaps there is other aspects of funding such as the EMP loan that can be moving along faster? 🤷

Greg … Mark attended the EXIM Annual Conference in DC and had a long set of meetings with EXIM leadership and staff on our proposed financing and how to accelerate the process. EXIM has been staff-challenged and they know this has slowed the process more than they would have liked. They outlined a number of steps they are taking to help speed things along.

Jim Sims
Chief Communications Officer
NioCorp Developments
+1 (303) 503-6203
Jim.Sims@NioCorp.com
https://www.NioCorp.com

My biggest hope besides getting above $5 somehow is actually still having 10% of my original share count come next year. I think we are in real danger of another R/S (1-10?) if something doesn't happen and we start flirting with the listing requirements. Then I'll need $50 to break even. Good times.

Example of a junior miner with success on funding:
Hercules Silver (OTC: BADEF).
I purchased at $0.18 last year. In December, Barrick invested $20 million after a high grade copper discovery by Hercules.
The share price doubled quickly and I sold 1/3 of my shares at $0.46 which recovered 75% of my original investment. The share price continued to over $1.10 and I sold 1/6 of my shares at 1.03 which resulted in a 60% profit overall and still holding half of my original shares.

So sometimes it works. But 50% of my high risk mining stock adventure is in NioCorp, so I'm not profitable overall. Lol

BLTA

No ideas here would ever be implemented by the company unless it is an obvious path nor does this board affect anything related to the project. It is laughable to believe so. Its fun to BS though I suppose.

The government sure isn't too urgent on acquiring their list of critical minerals. We have billions and billions immediately ready for other stuff. We just give it away. Extreme scrutiny for this though. Very little chance any money we get could be funneled back into the pockets of the politicians or their party coffers.

Yep and no matter how you slice it, or want to pump it, Nioturd is down 79% since the infamous claim of the NASDAQ “WILL” be the game changer. Wonder how many you’ve mislead with that claim are down a bundle…..

I believe it would be impossible to lower the warrant price.

Mark is crystal clear that additional FS level engineering is required by exim. Start at the 48:50 Mark

Additional engineering being required by exim HAS been mentioned. Here is a verbatim quote from Mark during the railveyor Q&A

"what they need are those two technical points which is the feasibility study level engineering for the new process flow and the additional resource work that takes us to proven from probable reserves."

It would interesting to know WHEN exim let Niocorp know about these TWO additional requirements that Mark mentioned more than once. In other words, exactly how long has the application process with exim been on hold while they try to raise money?

Good question. The options I have only seen in the past for the company to raise money are Private Placements, MS loans or money from the likes of Yorkville in exchange for shares which are diluting. Not sure if MS or GX BOD’s are likely to loan their own money or Belgians will step forward on a PP so it’s more likely we get more of the same: like diluting shares given to Yorkville or the equivalent. Instead of rewarding Yorkville on lousy terms, I propose rewarding NioCorp shareholders who purchased warrants prior to the GX merger disaster who bought warrants at a much higher price than today on the expectation that the GX merger would bring in $200,000,000 + and the share price would exceed $10+ after the merger. Instead, not only did the NB share price collapse because the GX merger brought little to no money to NioCorp but warrant holders share price has also declined though not as much.

The reason why the NB and NIOBW share prices have declined even more since the Railveyor CC is because of the announcement there will be a delay in EXIM financing approval due to EXIM now requiring additional drilling.

The only ones buying shares right now thankfully are those who believe NioCorp will raise the money to do the drilling, conduct more engineering and finance the revised FS.

But to push the share price higher, NioCorp needs to announce financing at a minimum to cover the cost of drilling which appears to be EXIMs only remaining contingency for loan approval. (Mgt has already stated a revised FS is not a pre condition for EXIM financing and addtl engineering has not been mentioned as an EXIM pre condition to financing approval).

My point is, unless NioCorp announces or plans to announce some non dilutive deal or less diluting deal with some entity to finance drilling, engineering or the revised FS, we’re likely to see more of the diluting Yorkville style financing. That being the case, why not extend an offer to existing NioCorp warrant holders who actually have skin in the game instead of Yorkville or the equivalent. The way to prevent warrant holders from dumping their shares would be to put a condition that warrant holders cannot sell their shares for say 30 or 60 days giving the share price enough time to recover on news that NioCorp raised money to cover drilling and the drilling commences.

In either case, an announcement of short term financing to cover drilling costs will raise the share price which would likely benefit the share price for all shareholders regardless if the financing comes from a PP, a loan from EXIM or MS (unlikely), a revised exercise price for warrant holders or Yorkville.

Regarding replacing MS, sounds good in theory but that is unlikely to happen anytime soon and most likely won’t happen until NioCorp receives EXIM funding.

The more likely scenario is that MS retires or leaves the company after EXIM funding along with his 2,500,000 shares (25,000,000 pre split) plus whatever new stock options/warrants he’s received post split and Scott Honan takes over as CEO. Until EXIM financing occurs, I don’t predict MS is going anywhere.

Happy to entertain any addtl creative ways other folks have for how NioCorp can raise money for drilling, engineering and completing a revised FS because until we get an announcement on short term financing, I am concerned the share price will bounce around just under $2.00 intel a PR re short term financing or an off take gets released.

Good question. The options I have only seen in the past for the company to raise money are Private Placements, MS loans or money from the likes of Yorkville in exchange for shares which are diluting. Not sure if MS or GX BOD’s are likely to loan their own money or Belgians will step forward on a PP so it’s more likely we get more of the same: like diluting shares given to Yorkville or the equivalent. Instead of rewarding Yorkville on lousy terms, I propose rewarding NooCorp shareholders who purchased warrants prior to the GX merger disaster who bought warrants at a much higher price than today on the expectation that the GX merger would bring in $200,000,000 + and the share price would exceed $10+ after the merger. Instead, not only did the NB share price collapse because the GX merger brought little to no money to NioCorp but warrant holders share price has also declined though not as much.

The reason why the NB and NIOBW share prices have declined even more since the Railveyor CC is because of the announcement there will be a delay in EXIM financing approval due to EXIM now requiring additional drilling.

The only ones buying shares right now thankfully are those who believe NioCorp will raise the money to do the drilling, conduct more engineering and finance the revised FS.

But to push the share price higher, NioCorp needs to announce financing at a minimum to cover the cost of drilling which appears to be EXIMs only remaining contingency for loan approval. (Mgt has already stated a revised FS is not a pre condition for EXIM financing and addtl engineering has not been mentioned as an EXIM pre condition to financing approval).

My point is, unless NioCorp announces or plans to announce some non dilutive deal or less diluting deal with some entity to finance drilling, engineering or the revised FS, we’re likely to see more of the diluting Yorkville style financing. That being the case, why not extend an offer to existing NioCorp warrant holders who actually have skin in the game instead of Yorkville or the equivalent. The way to prevent warrant holders from dumping their shares would be to put a condition that warrant holders cannot sell their shares for say 30 or 60 days giving the share price enough time to recover on news that NioCorp raised money to cover drilling and the drilling commences.
[t][/t]
In either case, an announcement of short term financing to cover drilling costs will raise the share price which would likely benefit the share price for all shareholders regardless if the financing cones from Yorkville, a PP, a loan from EXIM or MS (unlikely), a revised exercise price for warrant holders or Yorkville.

Regarding replacing MS, sounds good in theory but that is unlikely to happen anytime soon and most likely won’t happen until NioCorp receives EXIM funding.

The more likely scenario is that MS retires or leaves the company after EXIM funding along with his 2,500,000 shares (25,000,000 pre split) plus whatever new stock options/warrants he’s received post split and Scott Honan takes over as CEO. Until EXIM financing occurs, I don’t predict MS is going anywhere.

Happy to entertain any addtl creative ways other folks have for how NioCorp can raise money for drilling, engineering and completing a revised FS because until we get an announcement on short term financing, I am concerned the share price will bounce around just under $2.00 until a PR gets recessed.

I don’t understand why you would want 1/5 of the money for the warrants to be exercised?
We are stuck with the warrants already, so why make our shares worth less due to the exercising at $2.00 ?
That would signal desperation and a sell off.

I also don’t know why you would want the price lowered so a few shareholders can make a fortune at your expense and my expense.
Millions of share @ $2.00 make money immediately and everyone who is down 80% would be so angry.

Also if we leave strike price alone, and the share price does not go back up to $10 for five years then the warrants are completely dissolved erasing the dilution which would be a wonderful thing to me, if we are waiting the five-year period anyways. .
Sheesh. Why don’t you just call Mark and tell him to resign if you want our share price to go up,
Because exercising millions of warrants at two dollars won’t do it.

JMO

No, you’re the idiot bozo with no brain or don’t know how to use your brain because you have no idea how to run a company or to raise money or you would have proposed something sooner. Bashing gives you zero credibility because you provide no solutions to either raising the share price or financing drilling, engineering or the revised FS. You proclaim to be an “mining finance expert” but instead have only been and continue to be an obstacle to both NioCorp and shareholders because of a dispute you had with MS more than 10 Years ago. You have Zero credibility. EOM

Addtl: the strike price would have to be lower than the current share price otherwise warrant holders would have no incentive to exercise their warrants and there should be a holding period of 30 days so the warrant shareholders don’t immediately sell those shares for a profit. This would be a quick way for NioCorp to raise funds for drilling, engineering work and to complete the revised FS. Again, the caveat should be proceeds can only fund the above objectives not company salaries, bonuses or stock options. With the news that NioCorp raised enough capital to fund drilling, engineering and a revised FS by raising money now through shareholders exercising warrants, the share price would appreciate.

Addtl: if mgt agreed to reducing the exercise price, the stipulation should be that the proceeds be used only for financing specific drilling that EXIM requires, specific engineering work that EXIM requires and to complete the updated FS. No funds generated by an amendment to the warrant agreement should be used for paying salaries, bonuses or allocating shares to company employees or BOD’s. NioCorp gets the money much sooner if they reduce the strike price now and warrant shareholders get to purchase shares cheaper (sub $2/share) and sooner than the current exercise price for warrants which is $10+. An amendment to warrant shareholders exercise price will benefit long term shareholders instead of companies such as Yorkville who have no Long term interest in holding shares and outstanding items that are holding up EXIM financing will get cleared up sooner. This new warranty arrangement would and should be structured this way so it’s a win win for both NioCorp and shareholders not just one side or the other. Dilution will happen either way if NioCorp sells more shares so why not offer shareholders the opportunity first.

Oh how the longs are so desperate. Please dilute at decade lows to try to keep the fat salaries paid and the ship from sinking into bankruptcy. My goodness, the dialog sure has changed from the era of dreamers thinking that fantasies based on nothing but fluff is over. Stick a fork in it. It is over.

Th, your idea is worth NioCorp considering. If the company was willing to amend the strike price from $10 to say $2, that would raise significant funds for the company to pay for the extras such as more drilling, additional engineering work and a revised feasibility study. From what my broker explained some time ago, the funds generated from exercising the warrants go directly to the company. If the company can raise money via a lower strike price in range of what the share price is today, it could conceivably raise the share price on news that NioCorp is back in the game with the funds they need to pay for more drilling, additional engineering work and a revised feasibility study.

How you ever made a dime in the stock market is beyond reasoning.

I am willing to exercise my warrants now for 80% discounts on its exercise price.

Right until it happens....

Thanks. Nice find or retrieval of 9.5 year old DD but still no financing for the mine and ore processing facility.

Peter and Mark 2014 together :)
https://www.niocorp.com/niocorp-completes-offtake-agreement-thyssenkrupp-50-planned-ferro-niobium-production/

KfW ipex still in the room, good for a loan..

It is troubling that we find out that EXIM is requiring additional drilling during a presentation of the Railveyer system. We never heard what happened with the imminent financing 5 years ago. We never heard what happened with the competitive financing. We haven’t heard what is going on with Stellantis. The lack of transparency from management has destroyed their credibility.

What do they do on top of this? They give themselves bonuses and ludicrous salary increases after a 1 for 10 split, a failed SPAC and $300 million dollar loss of market cap.

Niocorp is just a turd. Fake inputs and rediculous cliams for vertical integration. Just a flaming pile of shit that allows the MCP gang to cash in a grand per day each because to cult is just that stupid. They are so stupid.

That company is now worth 2 billion plus and is barley making a profit. I think the us companies scammed mark on that one. They went with a cheap alternative china. that mine should have been kept running the whole time. I think the us maybe smarting up and with that company gearing up is another reason i bought in.

Ive been playing this real nerd game called civilization for years. In the game you need mine resources to build certain things. You have to secure, protect and keep ur opponents from destroying those tiles throughout the game. Without those resources your country become less advanced and have less powerful and other win the game. Basic life type stuff. If i were a general in the us, or an elite player in the game why wouldnt i have a critical minerals deposit on tap in the middle of america far from other players reach operational. It’s absolutely crazy to me that this is taken so long. The us burns through billions of dollars on nonsense but drags their feet on material to build advanced weapons and infrastructure. Completely inefficient and risky. The us should be self sufficient.

But maybe its just smoke and mirrors and i made the worst investment in my lifetime. If this never moves i dont think i would trust anything any company ceo, us official, and pretty much any business person ever says again. To me everything would be considered corrupt and only benefits the wicked and selfish people. The us needs to stop just focusing in on the bottom line number. Build strength within. Ceos and board memebers stop being so greedy! Greed is not always good.

16 months since the up list, where is that next financing? Anyone interested is getting an 80% discount.

Shrug

https://www.google.com/imgres?q=stock%20chart%20of%20Mountain%20Pass&imgurl=https%3A%2F%2Fs.marketwatch.com%2Fpublic%2Fresources%2Fimages%2FMW-DO862_Molyco_MG_20150625153609.jpg&imgrefurl=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fmolycorp-files-for-bankruptcy-protection-2015-06-25-71032419&docid=K5o-hopkwF1eJM&tbnid=Nf_LVJicLb1KiM&vet=12ahUKEwjRuLCHpJOHAxW8p44IHT3ACSAQM3oECGEQAA..i&w=569&h=398&hcb=2&ved=2ahUKEwjRuLCHpJOHAxW8p44IHT3ACSAQM3oECGEQAA

You are both right, as both were needed, to make it mouth watering.


jmo
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Shrug

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I should have voted 400,000 yes votes to be part of the In-Crowd. lol

You know who you are!!
roflmao haha

My guess it was tactic to get their....

Next financing not PP should be a good step

Strongly disagree, this was an attempt to raise money first and foremost. Being on the NASDAQ has not done a thing for Niocorp. Stellantis and exim deal with OTC companies.

Maybe new posting on the board but bought in on that valuation. I thought it wpuld go down to 7 or 6 after merger but never 1.62. I cant understand the 62 million valuation. The permitting, reports, land, other things has to be worth more than that. I work for a small trade contactor and we are worth more than that.

You seem to be new here

Valuation was already at 400 Mio without the rare materials.....

I would think dean and jay would want to sell there share for alot higher than 2 a share. There multi gillizaires. My only hope is that want to sell in the twenties. Also i just dont get why all these nb and close by state investers are all not rally infront Berkshires begging for some help. He has no problem investing in china why not his own state. I bet if you made a big enough statement he would help. There sitting on alot of cash. Why not just for looking good as head statemens and powerful people. Make a stand for the us. Imagine that a pr. Warren buffet getting behind his own state own countrymen to create us jobs. Safe lining our materials. Self efficient.

Cyclops- A couple additional questions you might add to your list might be- how in the hell the GX SPAC sharks pulled off a magic trick whereby the SPAC went sideways, none of their shareholders had to stay in the investment, yet Kehler and Bloom managed to get a boatload of equity (more than anyone else!!!) and positions on Niocorp's BOD!!! it boggles the rational human mind how that HAPPENED, and NOBODY, including NDA Sims ( aka " I can't comment on this or that or anything" )- has ever taken a stab at EXPLAINING THAT to the shareholders..... to this day we shake our heads in unison and say HOW THE F COULD THAT HAVE HAPPENED.... As if the GX SPAC sharks didn't have enough $$$ from picking the bones of many other companies in the past.... they had to target our little NB 'choo choo train that could/might' and glom on to our board and take a shitload of equity....... and to this day, nobody can determine if they have ADDED ANY VALUE commensurate to their equity haul or ever made ANY (even a single) introduction(s) in the Wall Street Financial world (to facilitate financing), but it's a VERY solid bet they haven't because of the 'single threaded (i.e. EXIM or bust) ' financing strategy we are currently engaged in today........... You simply cannot make this SHIT UP!!! It's the tale of a mine that has YUGE upside Potential, but is being managed like a garage sale or lemonade stand......

Argh........ UGH.................Don't get me started..... oh wait.... too late!!

And the beat (down) goes on..... and on...... and on.......
NCT- Yaddddda Yaddddda and Blah blah blah............

Merger
It was only a vehicle to start nasdaq