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The latest update is out from Niocan Inc ( (TSE:NIO) ).
Nio Strategic Metals Inc. has increased the size of its previously announced non-brokered private placement in response to strong investor demand, now planning to issue up to 32,258,065 common shares at $0.155 per share for potential gross proceeds of up to $5 million, subject to customary closing conditions and TSX Venture Exchange requirements. The oversubscribed financing, expected to close in February 2026 with a four-month hold period on the new shares, is poised to strengthen the company’s balance sheet and support ongoing exploration and development of its Québec niobium assets, potentially enhancing its positioning in the critical minerals sector if successfully completed.
More about Niocan Inc
Nio Strategic Metals Inc. is a Canadian critical mineral exploration and development company focused on becoming a ferroniobium producer. The corporation holds niobium properties in Oka and near Mont-Laurier, as well as another exploration property elsewhere in Québec, targeting the growing market for niobium-based products used in specialized steel and advanced materials.
Average Trading Volume: 73,759
Technical Sentiment Signal: Buy
Current Market Cap: C$20M
Find detailed analytics on NIO stock on TipRanks’ Stock Analysis page.