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An update from Niobay Metals ( (TSE:NBY) ) is now available.
NioBay Metals announced the successful results of metallurgical testing on concentrate from its James Bay niobium project. The tests, conducted by SGS, demonstrated over 95% niobium dissolution using hydrofluoric acid leaching, and produced Ammonium Niobium Oxalate with a reliable flowsheet. This achievement highlights NioBay’s potential to enhance niobium production efficiency, potentially strengthening its position in the mining industry and offering promising implications for stakeholders.
More about Niobay Metals
NioBay Metals Inc. operates in the mining industry, focusing on the exploration and development of niobium deposits. The company’s primary product is ferroniobium, a key component in the production of high-strength, low-alloy steels, with a market focus on the automotive, construction, and energy sectors.
YTD Price Performance: -9.09%
Average Trading Volume: 101,791
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$5.36M
See more data about NBY stock on TipRanks’ Stock Analysis page.
