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Niocan Inc ( (TSE:NIO) ) has shared an update.
Nio Strategic Metals Inc. has announced it will receive up to $400,000 in financial support from the Elements08 Strategic Metals Excellence Centre to enhance its niobium project in Oka. This collaboration, involving the Centre technologique des résidus industriels and Impact Global Solutions Inc., aims to develop an improved metallurgic treatment process, minimizing environmental impacts from mining wastewater. The initiative aligns with the government’s strategy to invest in critical minerals, supporting Nio’s aim to become a leading supplier of critical minerals and fostering economic growth and job creation in a sustainable manner.
More about Niocan Inc
Nio Strategic Metals is an exploration and development company with a focus on becoming a ferroniobium producer. It holds niobium properties located in Oka and near Mont-Laurier, along with another exploration property in the Province of Québec.
YTD Price Performance: -6.98%
Average Trading Volume: 44,456
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.62M
Learn more about NIO stock on TipRanks’ Stock Analysis page.
