Niocorp secures engineer RPM Global as it seeks debt financing

Well regarded engineering consultant RPM Global has been hired to conduct due diligence at Niocorp Developments Ltd’s (CVE:NB) superalloy project at Elk Creek as part of the debt finance effort.

“…we are pleased to have RPM serve as the independent engineer for the debt financing syndicate that we expect to come together in support of the project,” said Mark A. Smith, chief executive and chairman of NioCorp.

“This is an important step in the process and will help us hit the ground running in the project finance effort once we complete work on the project feasibility study.”

As revealed earlier this month, NioCorp has reached agreement with Nebraska landowners to access all of the surface land and sub-surface areas needed to move the project towards a construction launch.

RPM (formerly RungePincockMinarco)  has served as Lenders’ Engineer for 32 projects in the last five years, including in the China Molybdenum Company’s 2016 purchase of the Anglo-American Catalao Niobium mine in Brazil, where RPM provided acquisitions due diligence, JORC Resource and Reserve Statement review, and valuation support.

Northcott Capital is leading the effort on NioCorp’s behalf to assemble the expected debt component of the project’s overall financing package ahead of construction.

NioCorp has previously obtained in-principle eligibility for a loan guarantee from the Federal Republic of Germany to support the debt financing strategy. 

Story by ProactiveInvestors