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NioCorp on way to securing $800 million financing

TSX-listed NioCorp Development shares spiked in early trade yesterday after the company announced that it has secured a letter of interest from the US export-import bank for a $800 million debt financing.

NioCorp on way to securing $800 million financing NioCorp on way to securing $800 million financing NioCorp on way to securing $800 million financing NioCorp on way to securing $800 million financing NioCorp on way to securing $800 million financing

Shares in NioCorp, which is developing the Elk Creek niobium, scandium and rare earths project in Nebraska, US, rose to C$1.44/share in early trade with 300,000 shares purchased.