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Mark Smith
Government Chairman, President & CEO
[Audio Gap] We’re working simply laser-focused on getting that EXIM mortgage in place. EXIM has been very clear. They want sure technical work applications to be carried out. They want further offtake by NioCorp, and they should have a better degree of confidence in our capacity to boost the fairness wanted for the venture financing.
And we have now some excellent information on all of these fronts. The 2 technical work applications that EXIM has requested us to do are literally on board. They’re being completed up as we communicate. We began these in late April of this yr. So we’re in excellent form there.
And the technical work applications that we’re enterprise truly will meet the best requirements obtainable within the trade. So the U.S. Securities and Alternate Fee has a typical. It is known as S-Ok 1300. We are going to meet these S-Ok 1300 requirements on the feasibility research degree.
So this isn’t guessing. This is not preliminary financial assessments. This is not pre-feasibility. That is feasibility research degree requirements, and we’re exceptionally proud to satisfy these requirements and provides the U.S. Export-Import Financial institution and our shareholders the arrogance they want on this venture.
The second merchandise, offtake, we hope to have some excellent news on that very quickly. As you’ll be able to think about, once you’re producing important strategic minerals as we speak the place there are only a few choices the place to get these minerals, the #1 possibility, clearly being China, that creates an issue.
And so there’s a number of sources of demand for these minerals, and it is only a
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