NioCorp Developments Ltd. announced that it has engaged JPMorgan Chase Bank, N.A. to assist NioCorp in seeking debt financing supported by the Export-Import Bank of the U.S. to advance NioCorp's proposed Elk Creek Critical Minerals Project. NioCorp's application for project financing with EXIM made it through the first of EXIM's three Transaction Review Committee (TRC) reviews in October 2023. In April 2024, EXIM provided NioCorp with a preliminary indicative term sheet for possible financing.

While JPMorgan is assisting the Company to advance the sought financing to the next level in the EXIM approval process, no loan application is final until EXIM's Board of Directors give its final approval.