For the second time in less than two months, Mark Smith of NioCorp Developments (TSX: NB; US-OTC: NIOBF) has dug into his own pockets for loans to the company he leads.
The president, chief executive officer and executive chairman loaned NioCorp. US$1.5 million on June 17, and followed that up with a US$2 million non-revolving credit facility on July 1.
The funds will assist NioCorp in its efforts to refine its Elk Creek niobium project in southeastern Nebraska, and stay on track to complete a feasibility study.
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