The Prospector News

NioBay Applauds Phosphorous Critical Minerals Classification

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

NioBay Applauds Phosphorous Critical Minerals Classification

 

 

 

 

 

NioBay Metals Inc. (TSX-V: NBY) (OTCQB: NBYCF) is satisfied with the update to Canada’s list of critical minerals announced by the Minister of Energy and Natural Resources, Jonathan Wilkinson. Additionally, NioBay is pleased that tantalum and niobium, which were already on this list, will now provide additional tax credits.

 

There are 34 minerals on the list, which now includes high-purity iron ore, phosphorus, and silicon metal. All are deemed essential to the development of clean technologies and in various industries like microchips, green steel, and lithium-iron-phosphate batteries. This update aims to strengthen critical minerals value chains to support Canada’s energy and economic transition. Critical minerals are fundamental to modern products and the country’s future economic prosperity.

 

“This development perfectly supports our Foothills Project, acquired in partnership with Vior Inc., for its strong potential in critical and strategic metals,” says Jean-Sébastien David, President and CEO of NioBay. The Foothills Project, covering 285 km² on the Séminaire de Québec properties, revealed samples rich in phosphate with values reaching up to 6.3% P2O5, and more than 10% for certain rock blocks.

 

Mr. David learned to better understand phosphate during the development of a Lac à Paul mining project, in the Saguenay, during his years of service for Arianne Phosphate Inc. He is even more confident in the potential of his new titanium and phosphate Foothills Project, located on a former site north of Saint-Urbain, in the La Baie region, in Québec, and believes that the latter can respond to the growing demand for energy and critical materials.

 

By diversifying its portfolio with critical minerals, NioBay is committed to providing local and sustainable solutions for Canada’s energy transition.

 

Qualified Person

This press release has been reviewed and approved by Jean-Sébastien David, P.Geo., a qualified person under National Instrument 43-101. Mr. David is President and CEO of NioBay.

 

About NioBay Metals Inc.

 

NioBay aims to become a leader in the development of mine(s) with low carbon consumption and responsible water and wildlife management practices while prioritizing the environment, social responsibility, good governance, and the inclusion of all stakeholders. Our top priority, which is critical to our success, is the consent and full participation of the Indigenous communities in whose territories and/or on ancestral lands we operate.

 

In addition to others properties, NioBay holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. NioBay also holds a 72.5% interest in the Crevier Niobium and Tantalum project located in Québec and on the Nitassinan territory of the Pekuakamiulnuatsh First Nation. The Company has also the option to acquire a 80% interest in the Foothills project, a titanium-phosphate project located near the former St-Urbain mine site in Québec.

 

About Niobium

 

Niobium is a naturally occurring element. It is a metal that is ductile, malleable and highly resistant to corrosion. Because it enhances properties and functionalities, niobium is used in a wide range of materials and applications in the Mobility, Structural and Energy sectors. Niobium transforms materials. When added to materials like steel, glass and aluminum castings, niobium makes them more efficient and lowers environmental impacts, while also increased value.

Posted June 19, 2024

Share this news article

MORE or "UNCATEGORIZED"


G Mining Ventures Announces Closing of Private Placements and Receipt of Final Order for Arrangement with Reunion Gold

All amounts are in USD unless stated otherwise $50 million privat... READ MORE

July 12, 2024

SilverCrest Provides Second Quarter Operational Results

Record Revenue, Treasury Assets Increased by 34% During the Quart... READ MORE

July 12, 2024

New Found Intercepts Nine New Gold Zones Spanning 3km in Strike, Doubles Known Vertical Extent of Gold Mineralization to 820m Depth at Queensway

New Found Gold Corp. (TSX-V: NFG) (NYSE-A: NFGC) is pleased to a... READ MORE

July 11, 2024

Kobo Resources Reports Significant Gold Intersections at its Kossou Gold Project With 9.0 Metres at 23.89 g/t Au, Including 1.0 Metre at 210.00 g/t Au and 9.0 Metres at 4.27 g/t Au

Completion of First Diamond Drill Program with 25 Holes (4,368 m)... READ MORE

July 11, 2024

International Battery Metals (IBAT) Commences Operations of World's First Commercial Modular Direct Lithium Extraction (DLE) Plant and First Commercial DLE Plant in North America

Industry-disrupting technology breakthrough vaults IBAT to global... READ MORE

July 11, 2024

Copyright 2024 The Prospector News