# EXIM reiterates target to consider financing about 65% of Elk Creek upfront costs > The Letter of Support is not a signed financing commitment; any EXIM financing remains subject to due diligence and internal review. - Canonical URL: https://newsverum.com/en/news/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026 - Publisher: Newsverum - Section: Business - Country: United States - Published: 2026-10-15T23:21:06+00:00 - Updated: 2026-10-15T23:21:06+00:00 - Event / data period: 2026-10-14 - Other editions: [Türkçe](https://newsverum.com/tr/news/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026.md), [العربية](https://newsverum.com/ar/news/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026.md), [Français](https://newsverum.com/fr/news/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026.md), [Español](https://newsverum.com/es/news/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026.md), [Deutsch](https://newsverum.com/de/news/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026.md), [Português](https://newsverum.com/pt/news/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026.md) NioCorp Developments said on October 15 that the US Export-Import Bank (EXIM) issued a Letter of Support dated October 14. It reiterates a target in an earlier preliminary letter to consider debt financing of up to approximately 65% of upfront capital costs for the Elk Creek Critical Minerals Project. The percentage is described as a target; NioCorp said consideration remains subject to satisfactory due diligence and EXIM’s internal review. The letter is not a credit approval or financing commitment. The company’s 2026 feasibility study estimated upfront capital costs at approximately US$1.85 billion. ## Data ### EXIM target share of upfront capital costs Approximate share of the Elk Creek project’s upfront capital costs that EXIM targets to consider financing. Methodology: The Letter of Support states a target; financing remains subject to due diligence and EXIM internal review and is not an approval or commitment. | label | value | unit | period | basis | value_qualifier | |---|---|---|---|---|---| | Approximate target financing share | 65 | percent | 2026-10-14 | target | approximate | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026/data/reported-figure?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026/data/reported-figure?lang=en&format=csv) ### EXIM target share of upfront capital costs Approximate share of the Elk Creek project’s upfront capital costs that EXIM targets to consider financing. Methodology: The Letter of Support states a target; financing remains subject to due diligence and EXIM internal review and is not an approval or commitment. | date | label | description | status | |---|---|---|---| | 2026-10-14 | EXIM reiterated conditional target in support letter | Approximate 65% debt-financing target; due diligence and internal review remain necessary. | occurred | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026/data/reported-event?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/niocorp-exim-elk-creek-target-upfront-capex-support-letter-october-2026/data/reported-event?lang=en&format=csv) ## Sources - [NioCorp Developments Ltd.]() (Source checked: 2026-10-15; Published: 2026-10-15) --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)