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NioCorp getting traction with financing activities in full swing

Mark Smith, executive chairman and chief executive of NioCorp Developments Ltd (TSE:NB) updates Proactive on the latest with their financing discussions to advance their huge superalloy project in  Nebraska.

Up to 1,200 workers are likely to be needed at the peak of construction.

It will cost $1bn to put together and bring the facility into operation.

The pre-tax net present value (NPV) has been put at US$2.3bn at an 8% discount rate, with an internal rate of return (IRR) of 24.3%.

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