NioBay’s Crevier Tests Exceed Expectations, Paving Way for Niobium Oxide Focus

Niobay Metals ( (TSE:NBY) ) has issued an update.

NioBay Metals has completed metallurgical and hydrometallurgical test work on a 10‑tonne bulk sample from its Crevier niobium and tantalum project in Quebec, reporting 70% recovery of niobium pentoxide at targeted grades and high extraction efficiencies of more than 92% for niobium and 95% for tantalum. The test program, supported by Quebec government and industry grants and executed by SGS facilities in Quebec and Ontario, also showed promising zirconium by‑product potential and successful preliminary fluoride‑free extraction, underpinning the technical basis for larger‑scale testing.

Management said the results exceeded expectations and provide confidence to advance the project toward large‑scale trials, while a newly filed NI 43‑101 mineral resource update strengthens the technical foundation for the asset. If follow‑on studies confirm positive technical and economic parameters, NioBay envisions dedicating Crevier to niobium oxide production for battery and superalloy manufacturers, potentially enhancing the company’s position in critical minerals supply chains and offering new value opportunities for partners and local 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 NBY Stock

According to Spark, TipRanks’ AI Analyst, 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 NBY stock, click here.

More about Niobay Metals

NioBay Metals Inc. is a Canadian mining company focused on developing niobium and tantalum resources with an emphasis on low‑carbon operations and responsible water and wildlife management. The company seeks to position itself as a sustainable supplier to advanced materials markets, prioritizing environmental, social and governance standards and the inclusion of local and Indigenous stakeholders in project development.

Its flagship interests include a 72.5% stake in the Crevier niobium and tantalum project in Quebec, located on the Nitassinan territory of the Pekuakamiulnuatsh. NioBay aims to leverage these critical minerals for applications such as batteries and superalloys, aligning its growth strategy with demand from high‑tech and energy‑transition industries.

Average Trading Volume: 244,797

Technical Sentiment Signal: Sell

Current Market Cap: C$12.68M

For detailed information about NBY stock, go to TipRanks’ Stock Analysis page.