Nio Strategic Metals Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Nio Strategic Metals Inc
Perm ID: 1-4295862770
https://niometauxstrategiques.com/
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Nio Strategic Metals Announces Debt Conversion Agreements
Nio Strategic Metals Inc. plans to enter share-for-debt agreements to settle $495,000 in debt by issuing 11 million shares at $0.045 each. This includes converting a $450,000 loan and settling $45,000 in service fees with directors. The agreements aim to enhance Nio's financial position.
Nio Announces Financial Support for Its Niobium Project in Oka
Nio Strategic Metals Inc. has secured up to $400,000 from Elements08 to enhance metallurgic and mining wastewater processes for niobium production at its Oka project. This initiative aims to promote sustainable mining practices and support critical mineral development in Quebec.
Nio Strategic Metals Closes Flow-Through Shares Private Placement to Advance Oka and Fafnir Explorations
Nio Strategic Metals Inc. announced a private placement of 5,483,333 flow-through shares to raise approximately $329,000 for exploration of niobium and critical metals in Quebec. The offering involves finder's warrants and is subject to regulatory approval.
Nio Strategic Metals Expands Its Fafnir Project
Nio Strategic Metals Inc., a mining exploration company, has acquired an additional 1,274 hectares over 22 claims next to its Fafnir Project. The claim block is near Rush Rare Earth's Boxy project, known for Niobium assays as high as 26.9%. The Fafnir Project in Quebec now covers around 6,230 hectares and is home to large high-grade niobium and Uranium deposits. Nio's CEO, Hubert Marleau, expressed excitement about the acquisitions due to their high potential for niobium mineralization and plans to perform explorations next summer.
