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Niocan Inc ( (TSE:NIO) ) has issued an update.
Nio Strategic Metals Inc. has successfully completed its debt conversion agreements, converting a $450,000 loan and $45,000 of accrued services into 11,000,001 common shares. This move significantly improves Nio’s financial position by eliminating existing liabilities and preserving cash, as the company has no significant revenues. Additionally, Nio announced its Annual and Special Meeting of Shareholders to be held via live webcast on July 9, 2025.
More about Niocan Inc
Nio Strategic Metals is an exploration and development company focused on becoming a ferroniobium producer. The company holds niobium properties located in Oka and near Mont-Laurier, as well as another exploration property in the Province of Québec.
Average Trading Volume: 28,786
Technical Sentiment Signal: Sell
Current Market Cap: C$4.07M
For a thorough assessment of NIO stock, go to TipRanks’ Stock Analysis page.