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Niobay Metals ( (TSE:NBY) ) has shared an announcement.
NioBay Metals has released a new mineral resource estimate for its 72.5%-owned Crevier niobium and tantalum project in Québec, incorporating additional drilling from 2022 to 2025 and recent metallurgical test work. The 2026 model, prepared under NI 43-101 standards by IOS Geoscientific Services, converts 16.26 million tonnes grading 0.17% Nb₂O₅ and 201 ppm Ta₂O₅ into measured resources, where no measured resources existed previously.
The updated estimate uses an optimized pit shell, excludes deeper inferred material, and is based on revised production costs and pricing that reflect marketing niobium as a specialty product rather than a bulk Nb₂O₅ commodity. Management presents the more robust resource and economic assumptions as a key step to advance discussions with potential clients and partners, strengthening the project’s technical credibility and potential appeal to strategic stakeholders.
The most recent analyst rating on (TSE:NBY) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Niobay Metals stock, see the TSE:NBY Stock Forecast page.
Spark’s Take on TSE:NBY Stock
According to Spark, TipRanks’ AI Analyst, TSE:NBY is a Neutral.
The score is held down primarily by weak fundamentals (no revenue, ongoing losses, and continued cash burn despite no debt) and limited valuation support (negative P/E, no dividend). These are partially offset by strong recent technical strength, though momentum looks overextended, raising near-term pullback risk.
To see Spark’s full report on TSE:NBY stock, click here.
More about Niobay Metals
NioBay Metals Inc. is a Canadian mining company focused on the exploration and development of niobium and tantalum projects, notably the Crevier Project in Québec. The company targets specialty niobium products, positioning itself within the high‑value critical minerals segment serving advanced materials and industrial markets.
Average Trading Volume: 380,811
Technical Sentiment Signal: Sell
Current Market Cap: C$13.35M
Learn more about NBY stock on TipRanks’ Stock Analysis page.