NioCorp has signed a key offtake agreement (Traxys) and its final feasibility study is due imminently (mid-April). These are the last two requirements for a $780M U.S. EXIM loan. Loan approval would de-risk and finance the construction of its Nebraska mine, a critical U.S. rare earth (especially scandium) source, leading to a major re-rating of the stock. The stock is a binary play on the loan approval, with the imminent study release acting as the trigger. Institutional buying (Citadel, BlackRock) suggests smart money agrees. The feasibility study could be negative or show uneconomic metrics. The EXIM loan could still be denied even with a positive study. The company is pre-revenue and burning cash.
NB
HIGH
Apr 13, 07:40
Key Points
['EXIM loan approval pending', 'Offtake agreement signed', 'Institutional backing (Citadel)', 'Lockheed Martin partnership', 'Binary catalyst: feasibility study']
April 13, 2026 at 07:40