Niobay Metals (TSE:NBY) has released an update.
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NioBay Metals Inc. has received a significant $500,000 grant from the Ministry of Natural Resources and Forests and the CRITM for its Crevier niobium & tantalum project in Québec, aimed at demonstrating the concentration process of these metals on a pilot scale. The grant signifies the Quebec government’s support for the critical and strategic metals sector, with NioBay focusing on producing niobium oxide for batteries and tantalum oxide for high-tech uses. The company emphasizes its commitment to responsible environmental and wildlife management, including the full participation of Indigenous communities.
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