NioBay is a great move if you want to get involved in the area of critical minerals. Niobium will contribute to decarbonizing our economy, in particular by using less steel in the field of construction, and by manufacturing higher capacity accumulators for the electrification of transport.
The property comprises a nepheline syenite dyke exhibiting pegmatitic texture that stretches more than three kilometers. It hosts a niobium and tantalum mineralization estimated at 25.4 million metric tons of mineralization.
Resource and content: 25,4 Mt @ 0.20% Nb2O5et 234 ppm Ta2O5 (Measured and indicated – SGS July 2010)
The Crevier deposit was discovered in 1974 by SOQUEM. NioBay Metals acquired it in 2008 with the goal to extract both niobium and tantalum. Thanks to the Crevier project, NioBay Metals would become the only producer of niobium oxide and tantalum in North America.
A letter was sent to the citizens of the neighboring municipality of Girardville. During the evolution of the project, communications or meetings may be organized.
We carried out advanced prospecting and took surface rock samples in June-July 2022 on our claims located south of Lac à la Truite. A drilling campaign, initially planned for 13 holes totaling 3250 m of drilling, resulted in a campaign of 10 holes for 4,000 m of drilling and was carried out from the beginning of September to the beginning of November. There is currently no field work on the site. The type of mineralization sought in this sector is niobium and tantalum, two metals on the list of strategic metals for Canada.
There are no properties on the site of current and future works. According to the results of the fall 2022 campaign, other drilling will be necessary (of the same type and of the same magnitude) in order to better understand the geology of this sector. A signing of a cooperation agreement with the community of Mashteuiatsh should be done shortly if we want to continue work in 2023.
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Financial report – Annual
Financial report – Q3
Financial report – Q2
Financial report – Q1
Annual Meeting of Shareholders
Financial report – Annual
Financial report – Q3
Financial report – Q2
Financial report – Q1
Annual Meeting of Shareholders