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Niocan Inc ( (TSE:NIO) ) has shared an update.
Nio Strategic Metals Inc. announced its intention to enter into shares for debt agreements to settle $495,000 of outstanding debt by issuing 11,000,001 common shares at a price of $0.045 per share, pending TSX Venture Exchange approval. These agreements, including a significant debt conversion with Nio-Metals Holdings LLC and settlements with directors and the CFO, aim to improve Nio’s financial position by eliminating debt from its balance sheets, preserving cash, and maintaining compliance with regulatory requirements.
More about Niocan Inc
Nio Strategic Metals is an exploration and development company focused on becoming a ferroniobium producer. The corporation holds niobium properties located in Oka and near Mont-Laurier, as well as another exploration property in the Province of Québec.
YTD Price Performance: 12.50%
Average Trading Volume: 31,068
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.52M
See more data about NIO stock on TipRanks’ Stock Analysis page.