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Robert Tatge
Robert Tatge A request for a permit to mine NIOBIUM, the good would for Moose Cree First Nation, would gain security for the future with checks and balance. Put the FIRST NATION PRINT on the project. Weight the good before others...
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Robert Tatge
Robert Tatge Through out life, change happens, if set-up for the good, you should lead with honesty and check and balances. History is forever telling, to gather future improvements, one has a GOOGLE of information to back up decisions. Lead don't follow! I'm an in...See More
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Write a comment..Moose Cree First Nation
June 30 at 3:36pm ·
NOTE TO "MOOSE CREE NATION", FACEBOK...
Through out life, change happens, if set-up for the good, you should lead with honesty and check and balances. History is forever telling, to gather future improvements, one has a GOOGLE of information to back up decisions. Lead don't follow! I'm an individual that has a small interest in NIOBIUM and understand your views, hoping you can connect ideas with strong leadership for the best advancement of THE FIRST NATION, AND YOUR WORLD!
REFER TO:
investorshub.advfn.com/NIOBIUM-TRACKER-MDNNF-31115/
https://www.facebook.com/moosecreefirstnation/?rc=p
www.moosecree.com/documents/may2017_niobay_bcr.pdf
MOOSE CREE THOUGHTS:
Drilling Project Unanimously Rejected by Moose Cree Community calls on Ontario to withdraw the exploration permit
May 16, 2017
MOOSE FACTORY, ONTARIO- Moose Cree First Nation has unanimously rejected a drilling project in the heart of its Homeland and is calling on the Ontario government to respect its “Right to say NO”.
Ontario is telling the community a decision is expected at the end of the month. Moose Cree demands that Ontario withdraws the exploration permit.
Montreal-based Niobay Metals Inc (TSX-V: NBY) was informed last October that drilling would not be permitted in the Moose Cree Homeland near the South Bluff Creek area. This is a sensitive wetland area and Moose Cree has identified it as important for water as well as a highly used cultural area for its members. The creek and the North French River Watershed are located in the heart of the Homeland and are of great cultural and environmental significance to the Moose Cree people. The community rejected a similar project in 2003 when previous owners of lease CLM-11 tried to initiate a drilling project in the South Bluff Creek area.
“We told the previous owners NO back then and we are telling the new leaseholders NO now,” said Chief Patricia Faries. “The new leaseholders could have saved themselves a lot of work and money if they had done due diligence and checked with us first before purchasing this lease in 2016. This is not an area open to exploration and mining development in our territory,” Chief Faries added.
This particular area, South Bluff Creek, along with the North French River Watershed which is also threatened by the project, is not open to exploration, mining or any kind of industrial development the community has declared.
Moose Cree is working on a Homeland Protection Plan. This includes a restoration plan for areas already impacted from the heavy footprint of industrial development. The area Niobay wants to drill in had a drilling program on it almost 50 years without consulting Moose Cree. The effects from that historical program are still visible on Google Earth Satellite Maps today and were observed on a recent fly over by Moose Cree staff.
“The land is scarred and has not healed even after 50 years,” Faries added. South Bluff Creek is in the Hudson Bay Lowlands, a sensitive wetland ecosystem that is cold, wet and has a very short growing season.
To add further insult to injury, after the community informed Niobay that its project was unanimously rejected, the company did not change its plan. Instead it continued to advance the project by:
1. Publishing a timeline on its website in February 2017 for full mine construction (2020) and production (2021) to potential investors; 2. Failing to disclose to potential investors in its “forward-looking statements” that Moose Cree had unanimously rejected the project and therefore the project did not have the consent of Moose Cree; 3. Promoting the project at the Prospectors & Developers Association of Canada (PDAC) 2017 International Convention in Toronto in March with a booth and materials; 4. Setting up an Open House this week on May 17 in the municipality of Moosonee to promote the project. Chairman of the Board of Niobay, Serge Savard, former Montreal Canadiens hockey player, is being advertised as attending the open house to promote the project; and, 5. Using Moose Cree’s emblem (logo) without permission on materials thereby giving people the wrong impression that the community supports the project.
“It’s outrageous the way this company is conducting itself. It is very disrespectful,” Chief Faries said. “Moose Factory is a well-known hockey town but we do not welcome Serge Savard under these circumstances. It would be better for Niobay to listen to us and respect our laws,” Faries said.
“Moose Cree people are the original people of this land and the Creator has given us this land as our home. We have an inherent right to our Homeland that no other government can take from us,” Faries stated. “Our ancestors have lived on this land since time immemorial drawing the animals, fish and plants for our sustenance. You must get our consent prior to any development within our Homeland,” Faries said.
Moose Cree calls on the Ontario government to withdraw the exploration permit and to not renew the mining lease when it expires in 2018.
For more information please contact:
Chief Patricia Faries, Moose Cree First Nation, 705-658-4619 ext 250
Jeff Hunter, Moose Cree First Nation, 705-288-1163 mobile or jeff.hunter@moosecree.com
Copies of the Google Earth Satellite Maps are available.
NEWS JUNE 18, 2017
NioBay Metals Updates Application for Exploration Permit on James Bay Niobium Project MONTREAL, QUEBEC - (Marketwired - June 12, 2017) - Les Métaux Niobay inc. ("NioBay" or the "Company") (TSX VENTURE: NBY) was informed by the Ontario Ministry of Northern Development and Mines ("MNDM") that its application for an exploration permit on the James Project Bay Niobium will remain in temporary suspension for the time being. Despite several requests, Moose Cree First Nation ("MCFN") management refused to initiate a dialogue with the company and to discuss their concerns related to the exploration program and the project. MNDM is taking steps to arrange a meeting with MCFN representatives to address concerns they may have about the proposed drilling campaign. The company filed a license application with the MNDM in October 2016 to conduct a drilling program on the James Bay Niobium Project. The program involves the drilling of 10 to 12 holes for a total of approximately 4,000 meters, the objective of which is to validate historical data from a drilling campaign carried out in the 1960s. Development of the James Bay Niobium project. The Company will continue to engage with local community members and government officials and will continue to engage with MCFN executives. About the James Bay Niobium Project. The James Bay Niobium property is located in the District of Cochrane 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 and significant exploration work was carried out, including 14,000 meters of drilling on 85 holes, which established a deposit that extends to a depth of 275 meters and 500 meters Of longitude. A historical estimate was completed in 1967 by Bechtel Canada and reported 62 million tonnes at 0.52% Nb2O5. In addition, pilot scale metallurgical tests have demonstrated a high recovery rate of 78% for the treatment of niobium. Historical resource estimates and historical metallurgical tests are based on data obtained by previous operators in the 1960s. NioBay did not perform enough work to verify and reclassify these historical results. Economic studies completed in the 1960s do not mean that the James Bay Niobium deposit could be considered economic today. NioBay does not consider historical results as an existing mineral resource or as having been verified by a qualified person. About Les Métaux NioBay inc. The Metals NioBay inc. Is a mineral exploration company with a 100% interest in the James Bay Niobium property in Ontario, Canada and a 72.5% interest in the Crevier niobium / tantalum project in Quebec, Canada. The Company is actively investigating the potential of other mineral properties, including properties in Quebec held jointly with SOQUEM.
Read more: www.lelezard.com/communique-13862992.html
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BEWARE OF REASONS FOR HOLD OF PERMIT!
Tom Fennario
APTN National News
Niobium may be used to strengthen steel, but many Kanesatake Mohawks blame it for weakening their land and water.
For over the past decade, a company called Niocan has attempted to reopen a dormant niobium mine in Kanesatake territory. Now, a new mining company called Eco-Niobium says technology has made it safe to mine niobium again.
The band council’s decision to hold an information session about reopening the mine sparked a heated protest.
Tom Fennario has more.
tfennario@aptn.ca
REASONS FOR HOLD ON PERMIT
Permit to Allow for Drilling in the North French River Watershed Put on Hold
June 14, 2017adminNo CommentsBlog
Image of Elizabeth Harrison
Elizabeth Harrison Law Student
Last week, Nature Canada and other nature groups asked the Wynne government to refrain from issuing an exploration permit for drilling in the North French River Watershed.
NioBay Metals Inc., the company that applied for the permit, has announced that the Ontario government has put the issuance of the permit on hold, pending consultations with the Moose Cree First Nation, which unanimously opposes the project.
According to the company, the Ontario Ministry of Northern Development and Mines told it that the Ministry is organizing a meeting with representatives of the Moose Cree to address any concerns that they may have about the drilling, which is part of the James Bay Niobium Project.
Nature Canada is pleased to see the government recognize that it should not issue the permit without further consultation with the Moose Cree. However, if the Moose Cree reject the project after this extra consultation, Nature Canada’s view is that the permit application should be denied.
Further, given the ecological significance of this area, Nature Canada continues to propose that the Ontario government should work with the Moose Cree to permanently protect, rather than exploit, the North French River, the nearby South Bluff Creek, and surrounding lands.
CHANCE TO LOWER PRICE SHARE,
THE SAME SITUATION AS BEFORE THIS INFORMATION CAME OUT,
IT IS SAD THE COMPANY SEEN IT IMPORTANT ENOUGH
AND NOT PUT EMPHASIS ON FINDING A WAY TO PERMIT THE PROPERTY!
SMALL CAP POWER, 12 June 2017
Finally, Niobay Metals Inc. (TSXV: NBY) shares plunged 60% to $0.20 after the mineral exploration company announced that it has been informed by the Ministry of Northern Development and Mines of Ontario that its application for an exploration permit on the James Bay Niobium project will remain on temporary hold for now. Niobay Metals contends that the leadership of Moose Cree First Nation has refused to open a dialogue with the Company and to discuss their concerns associated with the exploration program and the project.
NEWS FROM COE, 12 JUNE, 2017
e TSX-V: NBY
NioBay Metals provides an update on the exploration permit application at the James Bay Niobium project
Montreal, June 12, 2017 – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) has been informed by the Ministry of Northern Development and Mines of Ontario (‘’MNDM’’) that its application for an exploration permit on the James Bay Niobium project will remain on temporary hold for now. Despite a number of requests, the leadership of Moose Cree First Nation (“MCFN”) has to this day refused to open a dialogue with the Company and to discuss their concerns associated with the exploration program and the project. The MNDM is taking steps to organize a meeting with representatives of the MCFN to address any concerns they may have about the proposed drilling campaign.
The Company has filed a permit application in October 2016 with the MNDM to conduct a drilling program on the James Bay Niobium project. The program consists of 10 to 12 drill holes for a total of approximately 4,000 m and the objective is to validate historical data obtained from a drilling campaign conducted in the 1960s.
The Company’s focus remains on the development of the James Bay Niobium project. The Company will continue to hold discussions with the local community members, government officials and will maintain its efforts to engage with the MCFN leadership.
About the James Bay Niobium Project
The James Bay Niobium property is located in the district of Cochrane, 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 with significant exploration work carried out subsequently, including 14,000 meters of drilling over 85 holes, which established a deposit extending to 275 meters in depth and 500 meters longitudinally. A historical estimate was finalized by Bechtel Canada in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, pilot plant tests demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resource estimate and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. NioBay Metals has not done sufficient work to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company holding a 100% interest in the James Bay Niobium property in Ontario, Canada and a 72.5% interest in the Crevier niobium / tantalum resource in Québec, Canada. The Company is also actively reviewing the potential of other mineral properties, including properties in Quebec jointly held with SOQUEM.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the Company's plans and objectives to conduct a drilling program and complete a resource estimate. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Such risks include, but are not limited to: delays in obtaining or failure to obtain all the necessary permits to conduct a drilling program and uncertainties related to historical data, historical resources and future exploration results. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact:
Claude Dufresne, P.Eng. President & CEO NioBay Metals Inc. Tel.: 514 866-6500, Ext. 2221
Email: cdufresne@niobaymetals.com Website: www.niobaymetals.com
niobaymetals.com/wp/en/james-bay/
ON TRACK JUNE 2017
Niobay Metals
Company Profile3
James Bay Niobium Project
Ownership
Niobay Metals Inc. 100 %,
Location
The James Bay property is located east of the Township of Carroll in the district of Cochrane, 45 km south of Moosonee, in the James Bay Lowlands in the Province of Ontario, Canada .
Area
The property comprises the Crown Mining Lease and covers a total of 2,530 hectares.
History
The James Bay property was discovered in 1966 by Consolidated Morrison Explorations. Major exploration work carried out in 1968 and 1969, including about 48,000 feet of drilling in 85 holes established a deposit extending to 900 feet in depth and 1600 feet longitudinally. Lakefield Research carried out metallurgical tests in 1969, allowing for the development of a possible flow sheet for the niobium ore, with a view to the production of a concentrate grade of about 65% pyrochlore (Nb2O5).
A historical feasibility study was completed by the firm Canadian Bechtel Ltd. at the end of 1969, and updated by the same firm in 1979.
A number of studies dealing with specific aspects of the project were carried out between 1969 and 1979 by independent firms or companies for evaluation purposes, with a view to possible partnerships or acquisitions. At that time niobium price was a fraction of where it is today.
In June 2016, Niobay Metals Inc. acquired 100% of the property from Barrick Gold Inc., James Bay Columbium Ltd. and Goldcorp Inc.
Geology and Mineralization
Polychlore mineralization is contained in an intrusive complex of pyroxene-rich carbonatites dating from the Huronian Orogen, and generally orientated north south. Intrusions of hornblende gneiss abut the complex on its east and west sides. The general dip is sub-vertical, orientated slightly to the east.
Palaeozoic sediments consisting of altered, silty, sandy, argillaceous sandstones discordantly cover the carbonatite complex. These sandstones vary in thickness from 40 to 100 feet, and lie horizontally over the carbonatites, covering them completely. Unconsolidated silty glacial sediments between 20 and 30 feet deep cover these sandstones, and are themselves covered by spongy peat (muskeg) 3 to 6 feet deep.
Historical Estimates
A historical estimate was finalized by Dr. P. Price of Canadian Bechtel Ltd in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, an exploration shaft was sunk and a 225 tonne bulk sample was extracted to subsequently be used in a pilot plant which demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resources estimate, the historical feasibility and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. Niobay Metals has not yet undertaken the work necessary to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. Niobay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
2016-2017 Validation Program
The first phase of the 2016-2017 validation program consists of re-logging and re-assaying 12 historical diamond drill holes distributed in six 400-feet apart transversal vertical sections, with two representative holes per section. Based on the results of the re-assays, the Company will design a diamond drill hole twinning and in-fill drilling program with the objective of completing a resource estimate in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The drilling program is subject to the Company obtaining an exploration permit from the Ministry of Northern Development and Mines.
Niobium grade comparison
JUNE, 2017, PROCESS @ LOW JAMES BAY
NioBay Metals Inc.
April 10, 2017 09:32 ET
NioBay Metals provides further results from re-assaying program at James Bay Niobium Project
MONTREAL, QUEBEC--(Marketwired - April 10, 2017) - Niobay Metals Inc. ("NioBay" or the "Company") (TSX VENTURE:NBY) is pleased to provide further results of the re-assaying program of drill core from a drilling program conducted in the 1960's at the James Bay Niobium Project near Moosonee, in northeastern Ontario.
The re-assay results for the three holes reported below and the two holes reported on March 6, 2017 are part of a total of twelve re-logged and re-assayed historical drill holes to validate the grade of niobium at the project. Results obtained indicate a moderate variation at sample level between the historical assay results and the re-assays, but, as shown below, the overall grade average over large intervals are quite similar. The results also confirms the presence of high niobium grade at the James Bay Niobium deposit with results obtained in 2017 of 0.93% niobium oxide over 40 feet in hole 1966-10, 0.74% over 140 feet in hole 1967-103 and 0.74% over 110 feet in hole 1967-147.
The following table shows assay results obtained in the 1960's and the NioBay 2017 re-assay results for three holes:
1967 historical assays 2017 re-assays
Drill hole from to length Nb2O5 Nb2O5
(feet) (feet) (feet) (%) (%)
1966-10 140.0 800.0 660.0 0.44 0.41
incl. 540.0 580.0 40.0 0.85 0.93
incl. 690.0 740.0 50.0 0.66 0.65
1967-103 160.0 600.0 440.0 0.54 0.53
incl. 260.0 400.0 140.0 0.77 0.74
1967-147 350.0 610.0 260.0 0.62 0.60
incl. 370.0 480.0 110.0 0.80 0.74
The re-assays indicate a negative difference of the niobium oxide grade by an absolute value of 0.03% over 660 feet in hole 1966-10, of 0.01% over 440 feet in hole 1967-103 and of 0.02% over 260 feet in hole 1967-147.
The re-assay results for the five holes reported so far provide a high level of confidence in the historical data. Unless the results from the balance of the re-assay program indicate material difference with the historical results, the Company intends to post the balance of the results on its website when they are completed.
Quality Control and Qualified Person
The validation program has been planned and supervised by Jacquelin Gauthier, P. Geo., P. Eng., a senior technical advisor to the Company and a qualified person pursuant to NI 43-101. All samples were sent at SGS Mineral Services in Lakefield, Ontario, an ISO 17025 accredited laboratory. All samples were first subjected to whole rock analysis for major oxides and niobium oxide by X-Ray Fluorescence. Mr. Gauthier has reviewed and approved the scientific and technical data contained in this press release.
Status of permitting
As reported on March 6, 2017, the Company has applied to the Ministry of Northern Development and Mines for an exploration permit to conduct a drilling campaign with the objective of validating the historical data and complete a resource estimate in accordance with NI 43-101 standards. The Company is planning to host an information session in Moosonee mid-May to provide all relevant information about the project, niobium and the proposed drilling program. This session will also be an opportunity for the Company to understand the concerns of the community, and develop measures to prevent, mitigate or otherwise address potential effects of the exploration and development of the James Bay Niobium Project.
About the James Bay Niobium Project
The James Bay Niobium property is located in the district of Cochrane, 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 with significant exploration work carried out subsequently, including 47,625 feet of drilling over 85 holes, which established a deposit extending to 900 feet in depth and 1,600 feet longitudinally. A historical estimate was finalized by Bechtel Canada in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, pilot plant tests demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resource estimate and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. NioBay Metals has not done sufficient work to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company which is actively developing the James Bay Niobium property in Ontario, Canada. NioBay Metals also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium / tantalum resource in Québec, Canada.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the Company's plans and objectives to conduct a drilling program and complete a resource estimate. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Such risks include, but are not limited to: delays in obtaining or failure to obtain all the necessary permits to conduct a drilling program; the uncertainty related to the historical data, historical resources and future exploration results; the cost of exploration and development programs; and the availability of financing for additional capital requirements. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Follow us on Twitter: https://mobile.twitter.com/NiobayMetals
LinkedIn: https://www.linkedin.com/company/niobay-metals-inc.?trk=biz-companies-cym
Contact Information
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
514 866-6500, Ext. 2221
cdufresne@niobaymetals.com
www.niobaymetals.com
NEBRASKA NEWS:
2017-05-02 - Niocorp Developments Ltd. - News Releases
NioCorp and Northcott Capital Engage Firm to Serve as Independent Engineer for the Elk Creek Project Debt Financing Effort
NioCorp and Northcott Capital Engage Firm to Serve as Independent Engineer for the Elk Creek Project Debt Financing Effort
The Addition of an Independent Engineer is Expected to Speed the Due Diligence Process on Project Financing Once the Elk Creek Project Feasibility Study is Completed
CENTENNIAL, Colo. – May 1, 2017 – NioCorp Developments Ltd. (“NioCorp” or the “Company”) (TSX: NB; OTCQX: NIOBF; and FSE: BR3) announces that it and Northcott Capital (“Northcott”) have engaged the engineering firm of RPM Global (“RPM”) to serve as independent engineer as part of the anticipated process for obtaining debt financing for the Elk Creek Superalloy Project (the “Project”) in Nebraska.
A highly regarded international mineral resources consulting and engineering firm, RPM (formerly RungePincockMinarco) will conduct technical due diligence for the financial institutions expected to form a debt syndicate to help finance the Project. RPM has served as Lenders’ Engineer for a total of 32 projects over the past five years, including in the China Molybdenum Company’s 2016 purchase of the Anglo-American Catalao Niobium mine in Brazil, where RPM provided acquisitions due diligence, JORC Resource and Reserve Statement review, and valuation support.
Northcott is leading the effort on NioCorp’s behalf to assemble the expected debt component of the Project’s overall financing package. NioCorp previously obtained in-principle eligibility for a loan guarantee to be provided by the Federal Republic of Germany to support the Company’s debt financing strategy. That loan guarantee, if approved by the German government, may form the anchor component of NioCorp’s debt financing.
“As part of our effort to continue to advance the Elk Creek Project to construction, we are pleased to have RPM serve as the independent engineer for the debt financing syndicate that we expect to come together in support of the Project,” said Mark A. Smith, CEO and Executive Chairman of NioCorp. “This is an important step in the process and will help us hit the ground running in the project finance effort once we complete work on the Project feasibility study.”
On Behalf of the Board of Directors,
Mark Smith”
Mark Smith
Executive Chairman, CEO, and Director
# # #
"SUMMER TIME N' LIVING IS EASY"
NioBay Metals Inc.
TSX VENTURE : NBY
NioBay Metals Inc.
May 10, 2017 09:00 ET
NioBay Metals announces initial metallurgical test results from its James Bay Niobium Project and Upcoming Information session at Moosonee
MONTREAL, QUEBEC--(Marketwired - May 10, 2017) - Niobay Metals Inc. ("NioBay" or the "Company") (TSX VENTURE:NBY) is pleased to provide initial metallurgical results from tests on drill core from a drilling program conducted in the 1960's at the James Bay Niobium Project near Moosonee, in northeastern Ontario.
Initial Metallurgical results
The initial results of heavy liquid separation performed by SGS Lakefield on a representative material compound from the James Bay Niobium deposit show excellent potential for the concentration of dense minerals including niobium minerals. A concentration of 90% to 93% of the niobium minerals was obtained in residual masses of only 5% to 22% of the original weight. The historical treatment mode predicted a rejection of almost 40% of the initial mass with a loss of only 4 to 5% of the niobium units. The results of detailed mineralogy (QUEMSCAN) show a very good liberation of minerals in general which are relatively coarse. This may prove to have a clear advantage in terms of the size of the required production equipments. Additional metallurgical tests are underway and results will be provided when they become available.
Mr. Claude Dufresne, P. Eng., CEO of the Company and a qualified person pursuant to NI 43-101 has reviewed and approved the scientific and technical data contained in this press release. All samples were sent and tested at SGS Mineral Services in Lakefield, Ontario, an ISO 17025 accredited laboratory.
The Company also announces that all results of the re-assaying program of drill core from the drilling program conducted in the 1960s are now available of the Company's website (see news release of March 6 and April 10, 2017 for additional information).
Information Session in Moosonee
The Company's chairman, Mr. Serge Savard and the Company's president and CEO, Mr. Claude Dufresne will be hosting on May 17, 2017 an information session in Moosonee to provide to the surrounding communities all relevant information about the project, including the potential economic, environmental, employment and social impact, and the plans of the Company concerning the James Bay Niobium Project, including the proposed drilling program. This session will also be an opportunity for the Company to understand the concerns of the community, and develop measures to prevent, mitigate or otherwise address potential effects of the exploration and development of the James Bay Niobium Project. The Company would like to extend the invitation to all community members and local media.
About the James Bay Niobium Project
The James Bay Niobium property is located in the district of Cochrane, 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 with significant exploration work carried out subsequently, including 14,000 meters of drilling over 85 holes, which established a deposit extending to 275 meters at depth and 500 meters longitudinally. A historical estimate was finalized by Bechtel Canada in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, pilot plant tests demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resource estimate and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. NioBay Metals has not done sufficient work to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company which is actively developing the James Bay Niobium property in Ontario, Canada. NioBay Metals also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium / tantalum resource in Québec, Canada.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the Company's plans and objectives to conduct a drilling program and complete a resource estimate. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Such risks include, but are not limited to: delays in obtaining or failure to obtain all the necessary permits to conduct a drilling program; the uncertainty related to the historical data, historical resources and future exploration results; the cost of exploration and development programs; and the availability of financing for additional capital requirements. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Follow us on Twitter: https://mobile.twitter.com/NiobayMetals
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Contact Information
Claude Dufresne, P.Eng.
President & CEO
NioBay Metals Inc.
514 866-6500, Ext. 2221
cdufresne@niobaymetals.com
www.niobaymetals.com
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TSX-V: MDN
MDN SIGNS BINDING AGREEMENT TO ACQUIRE THE ARGOR PROPERTY
Montreal, June 7, 2016 - MDN Inc. (the “Company”) (TSX-V: MDN) is pleased to announce that it has signed a definitive property purchase agreement (the “Agreement”) to acquire the Argor property (the “Property”) from Barrick Gold Inc., James Bay Columbium Ltd. and Goldcorp Inc. (the “Sellers”).
The Argor property is located in the James Bay Lowlands in Northern Ontario. Historic exploratory and detailed drilling totalling over 14,000 meters was completed in the 1960s. 85 holes were drilled at a maximum depth of 275 meters, in sections of 61 meters intervals along a strike of 730 meters. A historic estimate was finalized by Dr. P. Price of Canadian Bechtel Ltd in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, an exploration shaft was sunk and a 250 tonne bulk sample was extracted to subsequently be used in a pilot plant which demonstrated a high recovery rate of 78%.
Upon closing of the transaction, subject to the consent of the Province of Ontario for the transfer of the mining lease comprising the Property and the TSX Venture Exchange approval, the Sellers will transfer 100% of the asset to MDN. In consideration, MDN will issue to the Sellers 5,000,000 common shares in the capital of MDN and will pay to the Sellers a cash consideration of C$25,000.
In addition to the shares and cash consideration the Sellers retain a 2.0% net smelter returns royalty (the “Royalty”) over all minerals produced from the Property. MDN has the right to buy-back 1% of the Royalty for the sum of C$2,000,000 (in constant 2016 dollars, subject to a cap of C$3,000,000) at any time.
Moreover, the Sellers have the right to re-acquire a 51% interest in the Property (the “Backin Right”), in case of the establishment on the Property of one or more deposits containing no less than 2 million gold ounces and/or gold equivalent ounces of resources in aggregate, upon payment by the Seller to the Buyer of 2.5 times Buyer’s expenditures incurred on the Property. The Back-In Right does not apply to the niobium content.
“We are pleased to finalise the acquisition of Argor,” said Claude Dufresne, President and CEO. “The quality of the mineral is such that we strongly believe Argor has the potential to become the second North American producer of Ferro niobium,” added Mr. Dufresne.
Claude Dufresne, Engineer, acted as the qualified person as defined in National Instrument 43-101 (“NI 43-101”). He reviewed and approved the technical and scientific content of this press release.
The historical resources estimate, the historical feasibility and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. MDN has not yet undertaken the work necessary to verify or classify those historical results. Economic studies completed in the 1960s do not mean the Argor deposit would be found to be economic today. MDN is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About MDN (TSX-V: MDN)
MDN Inc. is a mining exploration and development company with properties in Quebec and in Tanzania. In Quebec, MDN holds a 72.5% interest in Crevier Minerals Inc., which owns a NI 43-101 niobium tantalum resource and 100% of the Samaqua property.
For more information, contact:
Claude Dufresne, P.Eng. President & CEO MDN Inc. Tel.: 514 866-6500, Ext. 221
Email: cdufresne@mdn-mines.com Website: www.mdn-mines.com
Forward-Looking Statements
This press release contains forward-looking statements. Such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements are discussed in greater detail in the Company’s most recent Annual Information Form filed on SEDAR. Investors and others who base themselves on the Company’s forwardlooking statements should carefully consider the factors mentioned in the Annual Information Form, as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and as such, the forward-looking statements in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.
I HATE PUMP, WOULD RATHER SEE PHOTO'S OF THE ACTUAL WORK BEING DONE IN THE AREA, PROCESS PLEASE![u]WHAT'S UP!
NEWS FROM NIOBAYMETALS INC., MAY 10, 2017
Press release TSX-V: NBY
NioBay Metals announces initial metallurgical test results from its James Bay Niobium Project and Upcoming Information session at Moosonee
Montreal, May 10, 2017 – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to provide initial metallurgical results from tests on drill core from a drilling program conducted in the 1960’s at the James Bay Niobium Project near Moosonee, in northeastern Ontario.
Initial Metallurgical results
The initial results of heavy liquid separation performed by SGS Lakefield on a representative material compound from the James Bay Niobium deposit show excellent potential for the concentration of dense minerals including niobium minerals. A concentration of 90% to 93% of the niobium minerals was obtained in residual masses of only 5% to 22% of the original weight. The historical treatment mode predicted a rejection of almost 40% of the initial mass with a loss of only 4 to 5% of the niobium units. The results of detailed mineralogy (QUEMSCAN) show a very good liberation of minerals in general which are relatively coarse. This may prove to have a clear advantage in terms of the size of the required production equipments. Additional metallurgical tests are underway and results will be provided when they become available.
Mr. Claude Dufresne, P. Eng., CEO of the Company and a qualified person pursuant to NI 43-101 has reviewed and approved the scientific and technical data contained in this press release. All samples were sent and tested at SGS Mineral Services in Lakefield, Ontario, an ISO 17025 accredited laboratory.
The Company also announces that all results of the re-assaying program of drill core from the drilling program conducted in the 1960s are now available of the Company’s website (see news release of March 6 and April 10, 2017 for additional information).
Information Session in Moosonee
The Company’s chairman, Mr. Serge Savard and the Company’s president and CEO, Mr. Claude Dufresne will be hosting on May 17, 2017 an information session in Moosonee to provide to the surrounding communities all relevant information about the project, including the potential economic, environmental, employment and social impact, and the plans of the Company concerning the James Bay Niobium Project, including the proposed drilling program. This session will also be an opportunity for the Company to understand the concerns of the community, and develop measures to prevent, mitigate or otherwise address potential effects of the exploration and development of the James Bay Niobium Project. The Company would like to extend the invitation to all community members and local media.
About the James Bay Niobium Project
The James Bay Niobium property is located in the district of Cochrane, 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 with significant exploration work carried out subsequently, including 14,000 meters of drilling over 85 holes, which established a deposit extending to 275 meters at depth and 500 meters longitudinally. A historical estimate was finalized by Bechtel Canada in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, pilot plant tests demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resource estimate and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. NioBay Metals has not done sufficient work to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company which is actively developing the James Bay Niobium property in Ontario, Canada. NioBay Metals also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium / tantalum resource in Québec, Canada.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the Company's plans and objectives to conduct a drilling program and complete a resource estimate. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Such risks include, but are not limited to: delays in obtaining or failure to obtain all the necessary permits to conduct a drilling program; the uncertainty related to the historical data, historical resources and future exploration results; the cost of exploration and development programs; and the availability of financing for additional capital requirements. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact:
Claude Dufresne, P.Eng. President & CEO NioBay Metals Inc.
Tel.: 514 866-6500, Ext. 2221 Email: cdufresne@niobaymetals.com Website: www.niobaymetals.com
WHAT HAPPENS WHEN "THE MAN", AND NEEDS MONEY? 50 TO 1 SPLIT = .175 CENTS? BANG - BANG HE SHOT ME DOWN$
NioBay Metals Provides Further Results From Re-Assaying Program at James Bay Niobium Project
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MONTREAL, QUEBEC--(Marketwired - April 10, 2017) - Niobay Metals Inc. ("NioBay" or the "Company") (TSX VENTURE:NBY) is pleased to provide further results of the re-assaying program of drill core from a drilling program conducted in the 1960's at the James Bay Niobium Project near Moosonee, in northeastern Ontario.
The re-assay results for the three holes reported below and the two holes reported on March 6, 2017 are part of a total of twelve re-logged and re-assayed historical drill holes to validate the grade of niobium at the project. Results obtained indicate a moderate variation at sample level between the historical assay results and the re-assays, but, as shown below, the overall grade average over large intervals are quite similar. The results also confirms the presence of high niobium grade at the James Bay Niobium deposit with results obtained in 2017 of 0.93% niobium oxide over 40 feet in hole 1966-10, 0.74% over 140 feet in hole 1967-103 and 0.74% over 110 feet in hole 1967-147.
The following table shows assay results obtained in the 1960's and the NioBay 2017 re-assay results for three holes:
1967 historical assays 2017 re-assays
Drill hole from to length Nb2O5 Nb2O5
(feet) (feet) (feet) (%) (%)
1966-10 140.0 800.0 660.0 0.44 0.41
incl. 540.0 580.0 40.0 0.85 0.93
incl. 690.0 740.0 50.0 0.66 0.65
1967-103 160.0 600.0 440.0 0.54 0.53
incl. 260.0 400.0 140.0 0.77 0.74
1967-147 350.0 610.0 260.0 0.62 0.60
incl. 370.0 480.0 110.0 0.80 0.74
The re-assays indicate a negative difference of the niobium oxide grade by an absolute value of 0.03% over 660 feet in hole 1966-10, of 0.01% over 440 feet in hole 1967-103 and of 0.02% over 260 feet in hole 1967-147.
The re-assay results for the five holes reported so far provide a high level of confidence in the historical data. Unless the results from the balance of the re-assay program indicate material difference with the historical results, the Company intends to post the balance of the results on its website when they are completed.
Quality Control and Qualified Person
The validation program has been planned and supervised by Jacquelin Gauthier, P. Geo., P. Eng., a senior technical advisor to the Company and a qualified person pursuant to NI 43-101. All samples were sent at SGS Mineral Services in Lakefield, Ontario, an ISO 17025 accredited laboratory. All samples were first subjected to whole rock analysis for major oxides and niobium oxide by X-Ray Fluorescence. Mr. Gauthier has reviewed and approved the scientific and technical data contained in this press release.
Status of permitting
As reported on March 6, 2017, the Company has applied to the Ministry of Northern Development and Mines for an exploration permit to conduct a drilling campaign with the objective of validating the historical data and complete a resource estimate in accordance with NI 43-101 standards. The Company is planning to host an information session in Moosonee mid-May to provide all relevant information about the project, niobium and the proposed drilling program. This session will also be an opportunity for the Company to understand the concerns of the community, and develop measures to prevent, mitigate or otherwise address potential effects of the exploration and development of the James Bay Niobium Project.
About the James Bay Niobium Project
The James Bay Niobium property is located in the district of Cochrane, 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 with significant exploration work carried out subsequently, including 47,625 feet of drilling over 85 holes, which established a deposit extending to 900 feet in depth and 1,600 feet longitudinally. A historical estimate was finalized by Bechtel Canada in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, pilot plant tests demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resource estimate and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. NioBay Metals has not done sufficient work to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company which is actively developing the James Bay Niobium property in Ontario, Canada. NioBay Metals also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium / tantalum resource in Québec, Canada.
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NioBay Metals provides initial results from re-assaying program at James Bay Niobium Project
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NioBay Metals provides further results from re-assaying program at James Bay Niobium Project
FUTHER RESULTS: APRIL 10TH, 2017
NioBay Metals Inc.
April 10, 2017 09:32 ET
MONTREAL, QUEBEC–(Marketwired – April 10, 2017) – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX VENTURE:NBY) is pleased to provide further results of the re-assaying program of drill core from a drilling program conducted in the 1960’s at the James Bay Niobium Project near Moosonee, in northeastern Ontario.
The re-assay results for the three holes reported below and the two holes reported on March 6, 2017 are part of a total of twelve re-logged and re-assayed historical drill holes to validate the grade of niobium at the project. Results obtained indicate a moderate variation at sample level between the historical assay results and the re-assays, but, as shown below, the overall grade average over large intervals are quite similar. The results also confirms the presence of high niobium grade at the James Bay Niobium deposit with results obtained in 2017 of 0.93% niobium oxide over 40 feet in hole 1966-10, 0.74% over 140 feet in hole 1967-103 and 0.74% over 110 feet in hole 1967-147.
The following table shows assay results obtained in the 1960’s and the NioBay 2017 re-assay results for three holes:
1967 historical assays 2017 re-assays
Drill hole from to length Nb2O5 Nb2O5
(feet) (feet) (feet) (%) (%)
1966-10 140.0 800.0 660.0 0.44 0.41
incl. 540.0 580.0 40.0 0.85 0.93
incl. 690.0 740.0 50.0 0.66 0.65
1967-103 160.0 600.0 440.0 0.54 0.53
incl. 260.0 400.0 140.0 0.77 0.74
1967-147 350.0 610.0 260.0 0.62 0.60
incl. 370.0 480.0 110.0 0.80 0.74
The re-assays indicate a negative difference of the niobium oxide grade by an absolute value of 0.03% over 660 feet in hole 1966-10, of 0.01% over 440 feet in hole 1967-103 and of 0.02% over 260 feet in hole 1967-147.
The re-assay results for the five holes reported so far provide a high level of confidence in the historical data. Unless the results from the balance of the re-assay program indicate material difference with the historical results, the Company intends to post the balance of the results on its website when they are completed.
Quality Control and Qualified Person
The validation program has been planned and supervised by Jacquelin Gauthier, P. Geo., P. Eng., a senior technical advisor to the Company and a qualified person pursuant to NI 43-101. All samples were sent at SGS Mineral Services in Lakefield, Ontario, an ISO 17025 accredited laboratory. All samples were first subjected to whole rock analysis for major oxides and niobium oxide by X-Ray Fluorescence. Mr. Gauthier has reviewed and approved the scientific and technical data contained in this press release.
Status of permitting
As reported on March 6, 2017, the Company has applied to the Ministry of Northern Development and Mines for an exploration permit to conduct a drilling campaign with the objective of validating the historical data and complete a resource estimate in accordance with NI 43-101 standards. The Company is planning to host an information session in Moosonee mid-May to provide all relevant information about the project, niobium and the proposed drilling program. This session will also be an opportunity for the Company to understand the concerns of the community, and develop measures to prevent, mitigate or otherwise address potential effects of the exploration and development of the James Bay Niobium Project.
About the James Bay Niobium Project
The James Bay Niobium property is located in the district of Cochrane, 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 with significant exploration work carried out subsequently, including 47,625 feet of drilling over 85 holes, which established a deposit extending to 900 feet in depth and 1,600 feet longitudinally. A historical estimate was finalized by Bechtel Canada in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, pilot plant tests demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resource estimate and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. NioBay Metals has not done sufficient work to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company which is actively developing the James Bay Niobium property in Ontario, Canada. NioBay Metals also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium / tantalum resource in Québec, Canada.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the Company’s plans and objectives to conduct a drilling program and complete a resource estimate. Such statements reflect the Company’s views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Such risks include, but are not limited to: delays in obtaining or failure to obtain all the necessary permits to conduct a drilling program; the uncertainty related to the historical data, historical resources and future exploration results; the cost of exploration and development programs; and the availability of financing for additional capital requirements. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Follow us on Twitter: https://mobile.twitter.com/NiobayMetals
LinkedIn: https://www.linkedin.com/company/niobay-metals-inc.?trk=biz-companies-cym
INSIDER- CEO
Form 52-109FV1 Certification of Annual Filings Venture Issuer Basic Certificate
I, Claude Dufresne, chief executive officer of Niobay Metals Inc., certify the following:
1. Review: I have reviewed the AIF, if any, annual financial statements and annual MD&A, including, for greater certainty, all documents and information that are incorporated by reference in the AIF (together, the “annual filings”) of Niobay Metals Inc. (the “issuer”) for the financial year ended December 31, 2016.
2. No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the annual filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the annual filings.
3. Fair presentation: Based on my knowledge, having exercised reasonable diligence, the annual financial statements together with the other financial information included in the annual filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the annual filings.
Date: April 3, 2017
/s/ Claude Dufresne Claude Dufresne Chief Executive Officer
NOTE TO READER
In contrast to the certificate required for non-venture issuers under National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (NI 52-109), this Venture Issuer Basic Certificate does not include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as defined in NI 52-109. In particular, the certifying officers filing this certificate are not making any representations relating to the establishment and maintenance of
i) controls and other procedures designed to provide reasonable assurance that information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and
ii) a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP.
The issuer’s certifying officers are responsible for ensuring that processes are in place to provide them with sufficient knowledge to support the representations they are making in this certificate. Investors should be aware that inherent limitations on the ability of certifying officers of a venture issuer to design and implement on a cost effective basis DC&P and ICFR as defined in NI 52109 may result in additional risks to the quality, reliability, transparency and timeliness of interim and annual filings and other reports provided under securities legislation.
MDNNF chart
Historical MDNNF Price Data
Period †Open High Low VWAP Min Vol Max Vol Avg. Daily Vol [m]Change%
1 Week 0.565 0.5674 0.565 0.0000 0 2k 25 0.0011 0.19%
1 Month 0.617 0.6182 0.565 0.0000 0 110k 9k -0.0509 -8.25%
3 Months 0.618 0.70 0.565 0.0000 0 110k 8k -0.0519 -8.40%
6 Months 0.7944 0.879 0.4683 0.0000 0 164k 18k -0.2283 -28.74%
1 Year 0.033 0.879 0.022 0.0000 0 210k 21k 0.5331 1,615.45%
3 Years 0.0479 0.879 0.006 0.0000 0 466k 26k 0.5182 1,081.84%
5 Years 0.223 0.879 0.006 0.0000 0 466k 23k 0.3431 153.86%
Intraday MDNNF chart - 1 Da
EARLY SPRING MEANS ROADS:
This time of year it's a lot easier to get around Ontario's far north, thanks to winter roads — but those who build these transportation routes out of ice and snow say it's getting harder as winters get warmer.
This year, a lack of snow and wonky weather in general, saw both the 170 km Wetum Road that runs south from Moose Factory and the ice road that runs along the James Bay Coast from Moosonee to Attawapiskat, delay opening until late January.
Peter Wesley, who manages the Wetum Road for Moose Cree First Nation, told CBC News there was so much pressure from the public that crews worked around the clock to get it ready.
"They were encouraged and they gave us assurance that they were willing to work 24/7, recognizing that the community really enjoys the road and needs it," Wesley said.
Peter Wesley
Peter Wesley looks after the Wetum Road for Moose Cree First Nation. He points to the North French River, which some band members are concerned could become polluted now that it's part of the winter road. (Erik White/CBC)
It was a similar story for the ice road running along the James Bay coast, between Moosonee and Attawapiskat.
Operations manager Wally Turner said this was one of the latest openings ever for what he calls "the cadillac" of winter roads.
"We see a lot of climate change up here and every year we're getting later and later in opening our road," he said.
The shorter winter road season has many on the James Bay saying it's time to get serious about building an all-season road, but that idea has been on the drawing board for decades.
A permanent road is expected to cost hundreds of millions of dollars, while about $2 million in public money is invested in these two winter roads every season.
The Wetum Road has a budget of about $1 million, split between Moose Cree First Nation and the provincial and federal governments, while the James Bay road receives $1 million in government funding, but also receives an undisclosed amount from private companies working in the area.
Video: Crossing a river on the WetumTo encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.
By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.
LOWLAND JAMES BAY:
Ecoregions of Canada
JAMES BAY LOWLAND
This ecoregion extends west from James Bay in Quebec to Attawapiskat River in northern Ontario. It is marked by cool, short summers and cold winters. The mean annual temperature is approximately -2°C. The mean summer temperature is 11.5°C and the mean winter temperature is -16°C. The mean annual precipitation ranges 700-800 mm. The ecoregion has a perhumid high boreal ecoclimate. It is an area of transition, lying between the coniferous and mixed forests of the clay belt to the south, and the tundra to the north. In the southern section and along rivers, the forests are composed of balsam fir, white and black spruce, trembling aspen, and paper birch. Most of the ecoregion is poorly drained, and the dominant vegetation consists of sedge, mosses, and lichens with or without stunted black spruce and tamarack. The ecoregion is underlain by flat-lying, Palaeozoic limestone bedrock of the Hudson Bay Lowland. These lowlands slope gently towards James Bay. Most of the Quebec section of the ecoregion is part of the Eastmain Lowland. The ecoregion consists largely of flat, poorly drained plains with subdued fluvial and marine features. Throughout the area, there are gravelly, well-drained belts of raised beaches, resulting from postglacial, isostatic rebound. To the south, the region is dominated by fine-textured lacustrine and marine deposits. Wetlands cover between 50% of the area in the south to over 75% of the area in the north and around James Bay. They are composed largely of northern ribbed fens, northern plateau bogs, and palsa bogs. The soils are dominantly Organic Mesisols and Fibrisols with some Organic Cryosols. Limited areas of Dystric and Eutric Brunisolic soils occur on upland sands. Eutric Brunisols and Gleysols are associated with river levees, while clayey uplands may have Gray Luvisol soils. Sporadic, discontinuous permafrost with medium to high ice content in the north decreases to isolated patches surrounding James Bay. Mineral soil profiles exhibit uneven and often discontinuous or distorted soil horizon development as a result of past and present permafrost action. Characteristic wildlife includes barren-ground caribou, black bear, wolf, moose, lynx, and snowshoe hare. Bird species include the Canada goose, ruffed grouse, and American black duck. Land use activities include tourism and recreation, hunting, trapping, and fishing. The major communities include Attawapiskat, Eastmain, Waskaganish, and Moosonee. The population of the ecoregion is approximately 7100.
Donald Trump will be moving into the White House. His presidency is expected to boost demand for commodities as the elect has pledged to enact growth fueling tax cuts and infrastructure spending after being sworn into office on Friday.
The US Department of Defence has declared niobium as one of its top “strategic” metals as it is not mined domestically, is a matter of national security and is important to the nation’s economy. The US government maintains a stockpile of niobium at all times and according to the USGS, the DLA Strategic Materials plans to acquire more niobium to address the current shortfall. The US imports all of its niobium from Brazil (83%), Canada (12%) and others (5%).
Today, Arctic Star Exploration Corp. reported to have started permitting for a drill program on its wholly owned CAP Property, located within the central parts of the Rocky Mountain Rare Metal Belt, 80 km northwest of Prince George in British Columbia, Canada.
In 2010, Arctic Star acquired this property for its potential to host niobium-tantalum and/or rare earth elements (“REEs”). Since then, these commodities have undergone a dramatic shift in demand owing in part to their usage in the green energy sector, which includes modern wind turbines, rechargeable batteries, catalytic convertors etc. Past exploration identified a large anomaly to be drill tested shortly, potentially discovering a niobium-rich deposit.
Niobium focused companies performed well in 2016. One of them was MDN Inc., which changed its name to NioBay Metals Inc. following the announcement of their acquisition of the James Bay Niobium Project in Ontario which has a historic indicated resource with a grade of 0.52% Nb2O5. The company‘s stock appreciated by about 900% in 2016.
The year before, NioCorp Developments Ltd. (originally structured by Zimtu Capital Corp.) reported an indicated resource grade of 0.71% Nb2O5 assuming a 0.3% cut-off grade at its Elk Creek Niobium Deposit in Nebraska, USA. NioCorp‘s current market capitalization exceeds $130 million CAD.
Stretching for some 2,500 km from just above Idaho and Montana in the south to the Yukon in the north, Mother Nature has created the right geological environment along the Rocky Mountain Rare Metal Belt for the emplacement of both REEs and rare metals. Some explorers have been active along the belt for several years.
The CAP Property was originally staked to cover an approximately 3-5 km diameter, circular, airborne magnetic geophysical anomaly which is believed to represent a carbonatite (or similar intrusion) at depth. The upcoming drill program may discover a significant deposit.
Arctic Star‘s CAP Property (2,825 hectares) is located within the central parts of this belt and about 50 km southwest of the Wicheeda REE Carbonatite from Spectrum Mining Corp., a private company. Wicheeda‘s Main Zone was drill tested with 15 holes at 3 sites in 2008/2009; highlights included:
• 3.55% REE over 49 m
• 2.92% REE over 72 m
• 2.2% REE over 144 m
This discovery prompted a staking rush in the region and over a dozen companies have been conducting exploration programs.
Commerce Resources Corp. owns the advanced-stage Blue River Tantalum-Niobium Project north of Kamloops in BC, where substantial resources have been defined. The company is currently focused on its other project, the Ashram REE Deposit in Québec.
Taseko Mines Ltd. (+155% in 2016; current market capitalization: $340 million CAD) acquired the Aley Niobium Project, 140 km north of Mackenzie in BC, in 2007 and now hosts an extensive body of niobium mineralization as indicated by drilling, with grades averaging 0.4% Nb2O5.
On the CAP Property, 2 narrowly outcropping syenite dikes have been identified and sampled near the crest of the ridge that trends from northwest to southeast across the property. The dikes contained highly anomalous geochemistry (potentially indicative of a large and higher grade deposit below surface), including:
• 0.48-0.98% Nb2O5 (481-981 ppm)
• 1.13-3.19% zirconium
• >0.1% lanthanum
• >0.1% cerium
• >0.05% neodymium
These high-level dikes indicate that the source of the magnetic geophysical anomaly may be associated with a carbonatite, or similar intrusion. Geologically, the Cap Property has similar potential to the known carbonatite complexes worldwide. Carbonatite-related deposits are a major host for rare metals, such as niobium and tantalum, and REEs. The world‘s largest niobium mine, Araxa in Brazil, and several of the world‘s largest REE deposits, including Lynas Corp.‘s Mt. Weld Deposit in Australia and Molycorp‘s Mountain Pass Deposit in the US, are all hosted by carbonatites. Geologically similar exploration projects include Hudson Resources Inc.‘s Sarfartoq Carbonatite Project in Greenland and Rare Element Resources Ltd.‘s Bear Lodge Carbonatite Project in Wyoming, USA.
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UNITED STATES
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 14, 2017
Microsoft Corporation
(Exact Name of Registrant as Specified in Its Charter)
Washington
(State or Other Jurisdiction of Incorporation)
001-37845 91-1144442
(Commission File Number) (IRS Employer Identification No.)
One Microsoft Way, Redmond,
Washington
98052-6399
(Address of Principal Executive Offices) (Zip Code)
(425) 882-8080
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
(d) On March 14, 2017, Microsoft Corporation (“Microsoft”) issued a press release to announce that the Microsoft Board of Directors appointed Reid Hoffman to the Microsoft Board of Directors, effective immediately. Mr. Hoffman, age 49, is a partner at Greylock Partners and a co-founder of LinkedIn. Mr. Hoffman will serve on the Regulatory and Public Policy Committee of the Board.
Mr. Hoffman will receive the same compensation as other non-employee Microsoft directors as described in the Microsoft 2016 Proxy Statement under “Director compensation.”
There is no arrangement or understanding between Mr. Hoffman and any other persons pursuant to which he was selected as a director. Mr. Hoffman has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Hoffman and Microsoft have entered into the standard Microsoft director indemnification agreement, whereby Microsoft agrees to indemnify, defend and hold its directors harmless from and against losses and expenses incurred as a result of their board service, subject to the terms and conditions provided in the agreement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of Microsoft Corporation dated March 14, 2017.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MICROSOFT CORPORATION
(Registrant)
Date: March 14, 2017
/s/ JOHN A. SEETHOFF
John A. Seethoff
Secretary
INDEX TO EXHIBITS
Exhibit
No.
Description of Exhibit
99.1 Press release dated March 14, 2017
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Very Unique
What makes the business so attractive is that there are only a few operating mines. Anglo and Niobec account for about 9 percent of production, and Brazil’s CBMM supplies the rest, according to Argonaut Securities Pty. Both the U.S. and Europe list niobium as a strategically important mineral.
“Niobium is a very unique business,” said Kalidas Madhavpeddi, who heads the CMOC International unit of Luoyang, China-based China Molybdenum. “We typically want to buy from people who regret selling it. We’ve been very carefully assembling a war chest in anticipation of a downturn in the industry.”
CBMM, controlled by the billionaire Moreira Salles family, has mostly dominated supply since starting operations five decades ago. It sold a 30 percent stake to a group of Asian steelmakers in two transactions valued at $3.9 billion in 2011.
In another deal, Magris Resources Inc., founded by former Barrick Gold Corp. Chief Executive Officer Aaron Regent, agreed to pay $530 million for the Niobec mine in Canada in 2014.
Unsuccessful bidders in Anglo’s sale may turn their interest to Cradle’s Panda Hill project in Tanzania, Argonaut said in a research report. Pending financing, it’s expected to start producing in mid-2018.
Cradle shares jumped 8.6 percent in Australian trading, reaching the highest since 2011. The sales “have brought a lot of participants in,” Cradle’s Burton said. “There was only one winner. That leaves lots of parties that might be interested in talking to us because we do need to raise some capital to bring this project on.”
3D map of area
www.maplandia.com/canada/ontario/cochrane-district/moosonee/moosonee-google-earth.html
NEWS RELEASE MARCH 6, 2017
NioBay Metals provides initial results from re-assaying program at James Bay Niobium Project
Montreal, March 6, 2017 – Niobay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) is pleased to provide the first results of a re-assaying program to validate historical data at the James Bay Niobium Project near Moosonee, in northeastern Ontario. In the fall of 2016, a total of 12 historical drill holes were re-logged and re-assayed. The first re-assay results confirmed the high niobium grade of the core of the James Bay deposit with results obtained in 2017 of 0.79% niobium oxide over 300 feet in hole 1966-2 and 0.85% over 297 feet in hole 1967-115. The following table shows assay results obtained in the 1960's and the NioBay 2017 re-assay results for the two holes:
1967 historical assays 2017 re-assays
Drill hole from to length Nb2O5 Nb2O5 (feet) (feet) (feet) (%) (%)
1966-2 117.0 915.0 798.0 0.55 0.56
incl. 333.0 915.0 581.5 0.64 0.65
incl. 333.0 695.0 361.5 0.71 0.75
incl. 395.0 695.0 300.0 0.74 0.79
1967-115 150.0 617.0 467.0 0.76 0.74
incl. 320.0 617.0 297.0 0.89 0.85
There was moderate variation at sample level between the historical assay results and the assays done this winter, but, as shown above, the overall grade average over large intervals are quite similar in the two holes. The re-assaying produced a positive difference of the niobium oxide grade by an absolute value of 0.01% over 798 feet in hole 1966-2 and a negative difference in grade of 0.02% over 467 feet in hole 1967-115. Those preliminary results indicate low or no bias in the re-assaying procedure. Definitive conclusions and a detailed statistical evaluation of the re-assaying program will be produced when NioBay has received all results of the re-assaying program. In the 1960’s, composite mini bulk samples were taken from the half core left after assaying, leaving 25% of the core in the boxes. In 2016, NioBay sampled all the remaining core, less a 3-inch representative witness for every sample length.
Diamond drill holes 1966-2 and 1967-115 were drilled in opposite directions on section 00, being the section close to the 1967 exploration shaft. All historical drill logs, collars survey data, historical assay certificates and vertical drill sections, with assays and geological interpretation, were recovered from the archives of James Bay Columbium Ltd, one of the original owners of the mining lease. All drill core samples were located in Moosonee, 40 kilometers north of the property. About 98% of the core and the core boxes were in good condition with marking and tags still visible.
2016-2017 Validation Program
The first phase of the 2016-2017 validation program consists of re-logging and re-assaying 12 historical diamond drill holes distributed in six 400-feet apart transversal vertical sections, with two representative holes per section. Based on the results of the re-assays, the Company will design a diamond drill hole twinning and in-fill drilling program with the objective of completing a resource estimate in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). The drilling program is subject to the Company obtaining an exploration permit from the Ministry of Northern Development and Mines. An application has been lodged and is pending. To this effect, the Company has initiated a process towards obtaining acceptability of the exploration activities by all stakeholders.
Quality Control and Qualified Person
The validation program has been planned and supervised by Jacquelin Gauthier, P. Geo., P. Eng., a senior technical advisor to the Company and a qualified person pursuant to NI 43-101. All samples were sent at SGS Mineral Services in Lakefield, Ontario, an ISO 17025 accredited laboratory. All samples were first subjected to whole rock analysis for major oxides and niobium oxide by X-Ray Fluorescence. Mr. Gauthier has reviewed and approved the scientific and technical data contained in this press release.
About the James Bay Niobium Project
The James Bay Niobium property is located in the district of Cochrane, 40 km south of Moosonee in Ontario, Canada. It was discovered in 1966 with significant exploration work carried out subsequently, including 47,625 feet of drilling over 85 holes, which established a deposit extending to 900 feet in depth and 1,600 feet longitudinally. A historical estimate was finalized by Bechtel Canada in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, pilot plant tests demonstrated a recovery rate of 78%, which is considered high for niobium processing.
The historical resource estimate, the historical feasibility and the historical metallurgical testing are based on data obtained by previous operators in the 1960s. NioBay Metals has not yet undertaken the work necessary to verify or classify those historical results. Economic studies completed in the 1960s do not mean the James Bay Niobium deposit would be found to be economic today. NioBay Metals is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
About NioBay Metals Inc.
NioBay Metals Inc. is a mining exploration company which actively developing the James Bay Niobium property in Ontario, Canada. NioBay Metals also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium tantalum resource in Quebec, Canada.
Cautionary Statement
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include, without limitation, the Company's
plans and objectives to conduct a drilling program and complete a resource estimate. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Such risks include, but are not limited to: delays in obtaining or failure to obtain all the necessary permits to conduct a drilling program; the uncertainty related to the historical resources and future exploration results; the cost of exploration and development programs; and the availability of financing for additional capital requirements. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, contact:
Claude Dufresne, P.Eng. President & CEO NioBay Metals Inc. Tel.: 514 866-6500, Ext. 2221
Email: cdufresne@niobaymetals.com Website: www.niobaymetals.com
ROADS TO JAMES BAY, FEB 28, 2017
This time of year it's a lot easier to get around Ontario's far north, thanks to winter roads — but those who build these transportation routes out of ice and snow say it's getting harder as winters get warmer.
This year, a lack of snow and wonky weather in general, saw both the 170 km Wetum Road that runs south from Moose Factory and the ice road that runs along the James Bay Coast from Moosonee to Attawapiskat, delay opening until late January.
Peter Wesley, who manages the Wetum Road for Moose Cree First Nation, told CBC News there was so much pressure from the public that crews worked around the clock to get it ready.
"They were encouraged and they gave us assurance that they were willing to work 24/7, recognizing that the community really enjoys the road and needs it," Wesley said.
Peter Wesley
Peter Wesley looks after the Wetum Road for Moose Cree First Nation. He points to the North French River, which some band members are concerned could become polluted now that it's part of the winter road. (Erik White/CBC)
It was a similar story for the ice road running along the James Bay coast, between Moosonee and Attawapiskat.
Operations manager Wally Turner said this was one of the latest openings ever for what he calls "the cadillac" of winter roads.
"We see a lot of climate change up here and every year we're getting later and later in opening our road," he said.
The shorter winter road season has many on the James Bay saying it's time to get serious about building an all-season road, but that idea has been on the drawing board for decades.
A permanent road is expected to cost hundreds of millions of dollars, while about $2 million in public money is invested in these two winter roads every season.
The Wetum Road has a budget of about $1 million, split between Moose Cree First Nation and the provincial and federal governments, while the James Bay road receives $1 million in government funding, but also receives an undisclosed amount from private companies working in the area.
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"James Bay Pyrochlore" Niobium (Columbium) Deposit In Ontario, Canada
? 50.75°N 80.4997°W
"James Bay Pyrochlore" is a plant deposit site discovered in 1963 in Ontario, Canada. It is a deposit, located in the Cochrane District mining district and is not considered to be of world-class significance.1
Niobium (Columbium) deposits are documented at "James Bay Pyrochlore." Niobium Columbium is present at a grade sufficient to have a strong effect on the economics of an excavation project. It may even be viable as the only commodity mined.
A surface operation is at this site or proposed for it. Open Pit was the predominant mining method used at "James Bay Pyrochlore". Flotation was the predominant milling method used. Ore was processed in a flotation beneficiation (mill) plant.
HISTORY MDN.INC
MDN Announces Name Change, New Stock Symbol and Share Consolidation - 9/20/2016 4:00:00 PM ET
MONTREAL, QUEBEC--(Marketwired - Sept. 20, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) announces that the Company has filed Articles of Amendment effecting its name change to Les métaux Niobay inc. / Niobay Metals Inc. (the "Name Change") and will proceed with the consolidation of its Common Shares (the "Shares") on the basis of five pre-consolidation Shares for one post-consolidation Share (the "Consolidation").
MDN Announces Results From Special Shareholder Meeting - 9/2/2016 9:05:00 AM ET
MONTREAL, QUEBEC--(Marketwired - Sept. 2, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) is pleased to announce the voting results of its special shareholder meeting held on September 1, 2016.
MDN Announces Closing of Non-Brokered Private Placement of $1,795,000 - 8/4/2016 4:30:00 PM ET
MONTREAL, QUEBEC--(Marketwired - Aug. 4, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) is pleased to announce that it has completed its previously announced non-brokered private placement (the "Private Placement") for a total amount of $1,795,000. An aggregate of 35,900,000 shares at a price of $0.05 per share has been issued for gross proceeds of $1,795,000, including an aggregate of $117,000 subscribed to by officers and directors of the Company.
MDN Announces Private Placement of up to $1,400,000 - 7/26/2016 4:01:00 PM ET
MONTREAL, QUEBEC--(Marketwired - July 26, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) is pleased to announce a non-brokered private placement (the "Private Placement") of up to 28,000,000 shares at a price of $0.05 per share for gross proceeds of $1,400,000. The Private Placement is subject to approval from the TSX Venture Exchange, and is expected to close on or about August 4th, 2016.
MDN Announces Special Meeting of Shareholders - 7/19/2016 4:00:00 PM ET
MONTREAL, QUEBEC--(Marketwired - July 19, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) today announced the convening of a special meeting of the Company's shareholders (the "Meeting") which will be held on September 1st, 2016 in Montreal.
MDN Closes Acquisition of James Bay Niobium (Argor) Property - 6/28/2016 12:11:00 PM ET
MONTREAL, QUEBEC--(Marketwired - June 28, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) is pleased to announce that it has closed the previously announced acquisition of the James Bay Niobium (Argor) property from Barrick Gold Inc., James Bay Columbium Ltd. and Goldcorp Inc.
MDN Announces Appointment of Jean Rainville as New Director - 6/17/2016 8:00:00 AM ET
MONTREAL, QUEBEC--(Marketwired - June 17, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) is pleased to announce the appointment of Jean Rainville as a Director of the Company as of today following the resignation of Claude Boulay as a Director of the Company.
MDN Signs Binding Agreement to Acquire the Argor Property - 6/7/2016 10:19:00 AM ET
MONTREAL, QUEBEC--(Marketwired - June 7, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) is pleased to announce that it has signed a definitive property purchase agreement (the "Agreement") to acquire the Argor property (the "Property") from Barrick Gold Inc., James Bay Columbium Ltd. and Goldcorp Inc. (the "Sellers").
MDN Announces Appointment of CFO and AGM Results - 5/26/2016 5:00:00 PM ET
MONTREAL, QUEBEC--(Marketwired - May 26, 2016) - MDN Inc. (TSX:MDN) (the "Company") is pleased to announce that Alain Krushnisky will succeed Yves Therrien as Chief Financial Officer of the Company, and also announces the results of its annual shareholders' meeting held on May 26, 2016.
MDN Reports Continuity of the MCGold Deposit to the West - 3/24/2011 9:06:00 AM ET
MDN Reports its 2010 Financial Results - 3/23/2011 8:09:00 AM ET
MONTREAL, QUEBEC-- - MDN Inc. announces that its financial statements for the year ended December 31, 2010 have been published. Management's discussion and analysis and the audited financial statements can be found on the...
MDN announces the drilling of niobium tantalum mineralization - 2/8/2011 7:00:00 PM ET
MDN Inc announced the assay results for eight holes, CR-10-153 to CR-10-160 drilled on the Crevier niobium tantalum property, located north of Girardville in Quebec’s Saguenay-Lac Saint Jean region. The Crevier property is 67.5% owned by MDN Inc. and 32.5% by Iamgold....
MDN Confirms That the Niobium-Tantalum Mineralization Extends More Than 400 m South From the Crevier Deposit - 2/3/2011 7:43:00 AM ET
MDN Inc.: Fourth Quarter Results at the Tulawaka Gold Mine - 1/18/2011 9:14:00 AM ET
MONTREAL, QUEBEC-- - MDN Inc. notifies its shareholders that African Barrick Gold plc, the project operator of the Tulawaka gold mine in Tanzania in which MDN has a 30% participating interest, announced fourth quarter and...
MDN prolonge la structure Ikungu de 600 m vers l'ouest - 1/11/2011 8:31:00 AM ET
MONTREAL, QUEBEC-- - MDN Inc. annonce les résultats d'analyse de la clôture de forage à circulation inverse . Les quatre forages RC sont des forages additionnels réalisés à la fin de la campagne 2010...
MDN Provides an Update on its Ikungu Project - 12/9/2010 7:04:00 AM ET
MDN Inc. is pleased to report the assay results for three holes from its Ikungu program in Tanzania.
MDN Demonstrates Continuity at Depth and Increasing Thickness to the West of the Ikungu Structure - 11/16/2010 8:46:00 AM ET
MDN Inc. reports the assay results for four holes of its drilling program currently underway on the Ikungu gold property in Tanzania.
MDN Reports its Financial Results for the Third Quarter - 11/9/2010 10:53:00 AM ET
MDN Inc. is pleased to report that it filed its interim financial results today for the three- and nine-month periods ended September 30, 2010.
MDN Inc.: Tulawaka Continues to Show Promising Drill Intercepts From Underground and Surface Drilling Programs - 10/22/2010 8:47:00 AM ET
MDN Inc. notifies its shareholders that African Barrick Gold plc, the project operator of the Tulawaka gold mine in Tanzania in which MDN has a 30% participating interest, announced third quarter and nine months operational results and positive exploration...
MDN Outlines Strong Gold Potential at its Ikungu Project - 9/30/2010 8:45:00 AM ET
MDN Inc. is pleased to report the assay results for five holes of the drilling program currently underway on its Ikungu property.
MDN Demonstrates the Vertical Continuity of the Ikungu Gold Deposit and Discovers a Mineralized Lens Parallel to the Main Zone - 9/13/2010 9:22:00 AM ET
MDN Inc. is pleased to report the assay results for the first two holes of the drilling program currently underway on the Ikungu property.
MDN Reports its Financial Results for the Second Quarter - 8/11/2010 8:40:00 AM ET
MDN Starts Drilling Program on Ikungu Gold Project - 7/28/2010 10:30:00 AM ET
MDN Inc. announces the beginning of a drilling program on its gold project Ikungu with two drills operating on site. The objective of this program is to prove the vertical continuity of multiple mineralized intercepts containing gold grades of more than 5 g/t,...
MDN Inc.: Exploration Drilling Results at Tulawaka Mine and Nearby Prospects Indicate Potential for Extended Mine Life - 7/27/2010 8:08:00 AM ET
MDN Inc. is pleased to report to its shareholders that African Barrick Gold plc, the project operator at the Tulawaka gold mine in Tanzania in which MDN has a 30% participating interest, announced second quarter and six months operational results and positive...
A New Director Joined Matamec's Board of Directors - 7/12/2010 9:00:00 AM ET
Matamec Explorations Inc.
Un nouvel administrateur joint le conseil d'administration de Matamec - 7/12/2010 9:00:00 AM ET
Matamec Explorations inc.
MDN Reports an Update of the Crevier Project Resource - 6/14/2010 9:01:00 AM ET
MDN Inc. is pleased to announce an update of the Crevier project resource and a new NI 43-101 technical report by SGS Geostat, an independent firm. The Crevier property is owned at 100% by Crevier Minerals Inc, a private company jointly held by MDN and...
MDN Acquires a Gold Exploration Project in Quebec - 6/2/2010 12:03:00 PM ET
MDN Inc. is pleased to announce that it has entered into an agreement with SOQUEM Inc. for the MCGold project in Chibougamau also known as MOP II . The agreement grants MDN the option to acquire a 50% interest in the project in consideration of a payment schedule...
MDN Reports its Financial Results for the First Quarter - 5/14/2010 9:08:00 AM ET
MDN: The Ikungu Project Continues to Show Good Gold Intersections and Continuity Over 2.5 km - 5/4/2010 9:31:00 AM ET
MONTREAL, QUEBEC-- - IKD-36 intersects 13.22 g/t Au over 4.1m IKD-32 intersects 8.02 g/t Au over 2.4 m IKD-34 intersects 6.63g/t Au over 2.0 m MDN Inc. is pleased to announce that...
MDN Posts 2009 Financial Results - 4/1/2010 8:54:00 AM ET
MDN Inc. today released its audited financial statements for the year ended December 31, 2009.
Fieldex enters into an option agreement with Mantis Mineral Corp. to acquire a 60% interest in the rare metals Case Pegmatite Project - 3/10/2010 2:07:00 PM ET
Fieldex Exploration Inc. is pleased to announce that it has entered into an option agreement with Mantis Mineral Corp. pursuant to which Fieldex as an exclusive and irrevocable option to acquire up to a 60% interest in five mining claims covering 480 hectares comprising the...
Mantis announces option agreement with Fieldex Exploration Inc. on its Case Pegmatite Project - 3/10/2010 1:34:00 PM ET
Mantis Mineral Corp., is pleased to announce that Fieldex Exploration Inc. has entered into an option agreement pursuant to which Fieldex has an exclusive and irrevocable option to acquire up to a 60% interest in five mining claims covering 480 hectares comprising the Case...
MDN Inc.: Exploration Update, Ikungu Property, Tanzania - 3/5/2010 2:23:00 PM ET
MDN inc. announces that the Ikungu drill program was restarted with two drill rigs on January 28, 2010. The objective of this program is to systematically drill the main gold-bearing reef along a 2.5 km strike length.
MDN Appoints Serge Bureau as CEO - 2/23/2010 9:00:00 AM ET
The Board of Directors of MDN is pleased to announce the appointment of Mr. Serge Bureau as President, CEO and director. Mr. Bureau's main corporate objectives will be to increase the visibility of the company, grow its gold assets by acquisitions and positive...
MDN : Tulawaka a produit 94 180 onces d'or au cours de l'exercice financier 2009 - 2/18/2010 8:01:00 AM ET
MDN inc. annonce que la mine Tulawaka, en Tanzanie, a produit 94 180 onces d'or au cours de l'exercice financier 2009.
MDN: Tulawaka Mine Produced 94,180 Ounces of Gold in 2009 - 2/18/2010 8:00:00 AM ET
MDN Inc. announces that the Tulawaka gold mine in Tanzania produced 94,180 ounces of gold for the year ending December 31, 2009.
MDN Increases its Participation in Mineraux Crevier to 67.5% - 2/16/2010 8:10:00 AM ET
MDN Inc. announces that it has increased its participation in Minéraux Crevier Inc. from 38.5% to 67.5% by acquiring the equity interests of minority shareholders.
Mantis announces significant tantalum grades at its Case Pegmatite project along with multi-element associations of lithium, beryllium, gallium and rubidium. - 2/11/2010 11:27:00 AM ET
Mantis Mineral Corp., has completed its review of previous drill and channel cut data regarding the multi-rare metal potential of the Case Pegmatite.
MDN to begin feasibility study on Quebec niobium/tantalum project - 1/29/2010 3:18:00 PM ET
A positive scoping study has been completed on the Anita niobium/tantalum project, in Quebec, and a feasibility study will now get under way, TSX-listed MDN Inc reported on Friday. MDN owns28,75% of the project's owner, Mineraux Crevier Inc (MCI), and can boost its stake to...
MDN Receives Positive Economic Indicators for the Niobium and Tantalum (Anita) Project - 1/29/2010 7:00:00 AM ET
MDN Inc. reports that it has received a positive Scoping Study analysis on the niobium and tantalum resource regarding its projected mine located north of the Lac St-Jean area, in the Province of Quebec.
MDN Announces Important Changes to Senior Management - 12/16/2009 5:27:00 PM ET
The Board of Directors of MDN Inc. has accepted Mr. Paul-A Girard's request to step down and retire from his position as Chairman of the Board, President and CEO of MDN, effective immediately, and has appointed Mr. Jacques Bonneau to serve as interim President and CEO of MDN. Mr. Serge Savard, who is a director of MDN, has been appointed as the Chairman of the Board.
JOURDAN Appoints Marcel Bergeron to the Board of Directors - 12/4/2009 8:42:00 AM ET
Jourdan Resources Inc. is pleased to announce the appointment of Mr. Marcel Bergeron to the Company's Board of Directors.
Marcel Bergeron Joins the Board of Directors of Matamec Amended Stock Option Plan - 11/16/2009 10:32:00 AM ET
Matamec Explorations Inc. is proud to announce the appointment of Mr. Marcel Bergeron to the position of independent director on the Board of Directors.
Net Income for the 7th Consecutive Quarter - 11/12/2009 10:20:00 AM ET
MDN Inc. today filed interim financial statements for the nine-month period ended September 30, 2009.
MDN Inc.: Net Income for the 7th Consecutive Quarter - 11/12/2009 10:20:00 AM ET
MDN Inc. today filed interim financial statements for the nine-month period ended September 30, 2009.
MDN Inc./Isambara Project Update: Drill Hole Intersects an Alteration Zone 153 Metres in Thickness Grading 0.31 g/t Gold - 11/5/2009 4:56:00 PM ET
- The drillings indicate the possibility of a large gold mineralization zone - The best results indicate grades of up to 7.66 g/t over 1 m - A second drilling phase is planned over the next few months MDN Inc. announces that a second drilling program will be initiated over the next few months on the Isambara project to investigate north-western extensions of the South Zone, particularly towards the Central Zone, in relation with the technical information obtained during the first program, which was completed in October.
MDN Inc.: Preliminary Results on Tulawaka's Underground Drilling - 11/2/2009 10:14:00 AM ET
MDN Inc. is pleased to provide an update on an underground drilling program at the Tulawaka gold mine in Tanzania.
MDN Provides an Update on Anita - 10/21/2009 2:24:00 PM ET
MDN Inc. Highlights: - Team of experts and partners in place to develop the Anita project up to the production stage and the marketing of strategic metals.
MDN Inc.: Net Income of $1,153,330 or $0.012 Per Share - 8/13/2009 10:30:00 AM ET
MDN inc. today filed its interim financial statements for the three-month period ended June 30, 2009.
MDN's Operational Update: Drilling Program has Begun at Isambara - 7/28/2009 2:03:00 PM ET
MDN Inc. is pleased to provide an operation update on the exploration activities and mining development in Tanzania for the rest of the year.
Tulawaka Mine Produces 24,561 Ounces of Gold During the Second Quarter of 2009 - 7/20/2009 12:46:00 PM ET
MDN Inc. is pleased to announce that the Tulawaka Gold Mine in Tanzania produced 24,561 ounces of gold during the second quarter ended June 30, 2009.
MDN Inc.: Tulawaka Mine Produces 24,561 Ounces of Gold During the Second Quarter of 2009 - 7/20/2009 12:46:00 PM ET
MDN Inc. is pleased to announce that the Tulawaka Gold Mine in Tanzania produced 24,561 ounces of gold during the second quarter ended June 30, 2009.
MDN confirme son investissement dans un gisement de niobium et de tantale - 6/2/2009 9:12:00 AM ET
MDN inc. annonce la clôture d'une transaction avec les actionnaires de Les Minéraux Crevier inc. et ses porteurs de débentures, en vue d'acquérir jusqu'à 75% des actions de MCI, laquelle détient une propriété ayant fait l'objet d'un calcul de ressources de niobium et de tantale, conformément aux dispositions du Règlement 43-101, et qui est localisée au Lac St-Jean, à environ 80 km au nord de St-Félicien.
MDN Confirms an Investment in a Niobium and Tantalum Deposit - 6/2/2009 9:11:00 AM ET
MDN Inc. announces the closing of a transaction with the shareholders of Les Mineraux Crevier Inc. and its debenture holders for the acquisition of up to 75% of the shares of MCI. MCI owns a property with a NI 43-101 niobium and tantalum resource located in the Lac St-Jean area of Quebec, about 80 km north of St-Felicien.
MDN Inc./Isambara Project: New Gold-Bearing Targets Identified in the Southern Area - 5/28/2009 10:29:00 AM ET
MDN Inc. has announced that an MMI soil sampling program, successfully conducted in April 2009 on the Isambara project, confirms the geological model previously advanced with respect to the geometry of the gold-bearing structures, the apparent left-hand displacement of each of the structures, and the presence of numerous parallel gold-bearing structures.
MDN Inc.: Net Income of $794,214 or $0.01 Per Share - 5/15/2009 11:55:00 AM ET
MDN inc. today filed its interim financial statements for the three-month period ended March 31, 2009.
MDN inc. : Tulawaka a produit 20 493 onces d'or pour le premier trimestre 2009 - 4/29/2009 2:48:00 PM ET
MDN inc. annonce que la mine Tulawaka, en Tanzanie, a produit 20 493 onces d'or au cours du premier trimestre terminé le 31 mars 2009.
MDN Inc.: Tulawaka Mine Produces 20,493 Ounces of Gold During the First Quarter of 2009 - 4/29/2009 2:48:00 PM ET
MDN Inc. is pleased to announce that the Tulawaka Gold Mine in Tanzania produced 20,493 ounces of gold during the first quarter ended March 31, 2009.
Paul Gobeil se joint au conseil de MDN - 4/22/2009 11:04:00 AM ET
MDN inc. annonce la nomination de M. Paul Gobeil sur son conseil d'administration.
Paul Gobeil Joins MDN Board of Directors - 4/22/2009 11:04:00 AM ET
MDN Inc. announces the appointment of Mr. Paul Gobeil on its Board of Directors.
MDN Acquires an Advanced Development Project in Quebec - 4/14/2009 10:24:00 AM ET
MDN Inc. is pleased to announce an investment transaction with the shareholders of Les Mineraux Crevier Inc. including its 50% shareholder IAMGOLD Corporation, to acquire a majority interest in MCI. The transaction is subject to the completion of all related documentation and regulatory body approvals for an expected closing no later than May 15, 2009.
MDN Posts Record 2008 Net Earnings of $22.1 Million or $0.24 per Share - 3/30/2009 1:30:00 PM ET
MDN Inc. released today its audited financial statements for the year ended December 31, 2008.
MDN Launches a Normal Course Issuer Bid - 3/24/2009 11:50:00 AM ET
MDN Inc. announced today that the Toronto Stock Exchange has accepted a notice filed by MDN of its intention to make a normal course issuer bid.
MDN Inc./Isambara Project Update: Substantial Progress Made in the Identification of Gold-Bearing Zones - 3/19/2009 11:21:00 AM ET
MDN Inc. is pleased to announce it has resumed of exploration work at its Isambara project following substantial progress made in the interpretation of the geological model and in the compilation of available data.
MDN Inc.: High-Grade Gold Samplings for Ikungu Project - 2/26/2009 12:43:00 PM ET
MDN Inc. has announced the first results of its exploration program for the Ikungu Project in Tanzania.
MDN inc. : Tulawaka a produit 211 373 onces d'or au cours de l'exercice financier 2008 - 1/27/2009 2:27:00 PM ET
MDN inc. annonce que la mine Tulawaka, en Tanzanie, a produit 211 373 onces d'or au cours de l'exercice financier 2008, soit une augmentation de plus de 18% par rapport à l'année précédente.
MDN Inc.: Tulawaka Gold Mine Achieves Record Production of 211,373 Ounces in 2008 - 1/27/2009 2:27:00 PM ET
MDN INC. is pleased to announce that the Tulawaka Gold Mine in Tanzania produced a record 211,373 ounces of gold for the year ended December 31, 2008, an 18% increase over 2007.
MDN Provides Corporate Development Update - 12/18/2008 10:29:00 AM ET
MDN Inc. is pleased to announce an update of its corporate development activities, in particular its business strategy aimed at maximizing results for the 2009 fiscal year.
MDN/Results for the Third Quarter Ended September 30, 2008: Net Earnings of $5.1 Million or $0.056 Per Share - 11/13/2008 9:08:00 AM ET
MDN Inc. released today its financial statements for the three month period ended September 30, 2008.
MDN Inc.: Tulawaka Mine Produces 53,694 Ounces of Gold During the Third Quarter of 2008 - 10/22/2008 9:37:00 AM ET
MDN Inc. is pleased to announce that the Tulawaka Gold Mine in Tanzania produced 53,694 ounces of gold during the third quarter ended September 30, 2008.
Lakota Resources announces next Monday, diamond drilling to start at Tembo, Tanzania - Final exchange approval received for the private placement - Lakota's interests in the Isambara JV reduced to 1% NSR - 10/9/2008 2:08:00 PM ET
Ian F.T. Kennedy, President and CEO of Lakota Resources Inc. is pleased to announce that drilling on its Tembo Property will commence next Monday, October 13, 2008.
MDN Acquires 100% Interest of the Simba Property - 10/9/2008 11:09:00 AM ET
MDN Inc. announced today that, pursuant to the agreement dated September 13, 2002, between MDN, Lakota Resources Inc., and Jope Business Associates Limited concerning the Simba Property, located in Tanzania, MDN has exercised its rights in respect of the Agreement to dilute the total interest of Lakota and Jope to nil, as they declined to contribute, in pro-rata of their interest in the Isambara project, to the work programs approved by the parties.
MDN Inc./Share Capital Update: 8.4 Million Warrants Expire, 30% Dilution Overhang Eliminated - 10/6/2008 2:04:00 PM ET
MDN Inc announces that 8.4 million warrants with an exercise price of $1.60 and an expiry date of October 4, 2008, issued April 2007 in connection with a private placement to GBS Gold International Ltd and Haywood Securities Inc expired unexercised.
MDN Inc.: Large High-Grade Intersection at 4 km From the Main Zone at Viyonza - 9/30/2008 12:06:00 PM ET
MDN Inc. is pleased to announce the results of the first phase of the 2008 drilling program on the Viyonza project, located 15 km north of the Tulawaka Gold Mine in Tanzania.
Lakota provides update on phase I of 2008 Isambara drilling program - 9/17/2008 10:39:00 AM ET
Lakota Resources Inc. is pleased to provide an update on the results of diamond drill holes and of the last reverse circulation fence in the first phase of the 2008 drilling program on the Isambara project, located 28 km north of the Tulawaka Gold Mine in Tanzania.
MDN Proves Extensions to the High-Grade Zones at Isambara - 9/15/2008 1:54:00 PM ET
MDN Inc. is pleased to announce the results of diamond drill holes and of the last reverse circulation fence in the first phase of the 2008 drilling program on the Isambara project, located 28 km north of the Tulawaka Gold Mine in Tanzania.
Marc Boisvert Becomes MDN Inc.-Vice President-Exploration - 9/11/2008 2:01:00 PM ET
MDN Inc. announces that Mr. Marc Boisvert, P.Eng, will become the Vice President - Exploration for MDN. The MDN board of directors confirmed the appointment, and Mr. Boisvert will assume his duties immediately.
GBS Gold Releases Second Quarter 2008 Results - 8/12/2008 4:05:00 PM ET
GBS Gold International Inc. has today released its results for the second quarter of 2008 .
MDN Inc./Results for the Second Quarter Ended June 30, 2008: Net Earnings of $6.6 Million or $0.073 Per Share - 8/12/2008 8:33:00 AM ET
MDN Inc. released today its second quarter results for the period ended June 30, 2008.
VIPR Industries Closes Acquisition of Singida Gold Property Adjacent to Project With 543,000 Oz Indicated Gold Resource Valued at Over $500 Million - 7/28/2008 2:30:00 AM ET
VIPR Industries Inc. has completed its acquisition of the highly prospective Singida Gold Property in Tanzania's Singida Gold Belt.
MDN Inc.: Tulawaka Mine Produces 67,032 Ounces of Gold During the Second Quarter of 2008 - 7/16/2008 10:22:00 AM ET
MDN Inc. is pleased to announce that the Tulawaka Gold Mine in Tanzania produced 67,032 ounces of gold during the second quarter ended June 30, 2008, compared to 62,085 ounces for the previous quarter.
DIAGNOS Joins MDN to Develop Gold Targets in Tanzania - 6/26/2008 9:00:00 AM ET
DIAGNOS inc., a leader in the use of artificial intelligence and advanced knowledge extraction techniques, announced today the signature of an agreement for the use of its CARDS system to generate potential exploration targets on MDN properties in Tulawaka region, in Tanzania.
GBS Gold Divests Its Share Investment in MDN Inc. - 6/19/2008 9:16:00 AM ET
GBS Gold International Inc. has realized cash proceeds of C$7.6 million from the sale of its shareholding in MDN Inc.
MDN's Shareholders Approve the Shareholders Rights Plan - 6/5/2008 12:08:00 PM ET
At the annual and special meeting of the shareholders of MDN Inc., held this morning in Montreal, the majority of the shareholders voted in favour of the recommendations of the Company's board of directors and management, as set out in the proxy circular dated May 6, 2008, namely: - The creation of a shareholders' rights plan, which takes effect immediately; - The modification of quorum at meetings of the Company's shareholders, which is decreased to 5% of the issued and outstanding shares; - The reduction of the stated capital, which will allow MDN's board of directors the flexibility it needs to review its dividend policy during the current financial year.
MDN Inc.: First Results of the 2008 Isambara Drilling Program - 5/22/2008 11:01:00 AM ET
MDN inc. is pleased to announce the results of the first part of the 2008 drilling program at the Isambara project, located 28 km north of the Tulawaka Gold Mine in Tanzania.
MDN Inc: Net Earnings of $1.8 Million or $0.02 Per Share - 5/14/2008 2:58:00 PM ET
MDN Inc. has released today its first quarter results for the period
MDN Closes Acquisition of James Bay Niobium (Argor) Property
MONTREAL, QUEBEC--(Marketwired - June 28, 2016) - MDN Inc. (the "Company") (TSX VENTURE:MDN) is pleased to announce that it has closed the previously announced acquisition of the James Bay Niobium (Argor) property from Barrick Gold Inc., James Bay Columbium Ltd. and Goldcorp Inc.
About James Bay (Argor) property
The James Bay (Argor) property is located in the James Bay Lowlands in Northern Ontario. Historic exploratory and detailed drilling totalling over 14,000 meters was completed in the 1960s. 85 holes were drilled at a maximum depth of 275 meters, in sections of 61 meters intervals along a strike of 730 meters. A historic estimate was finalized by Dr. P. Price of Canadian Bechtel Ltd in 1967 and indicated 62 million tonnes at 0.52% Nb2O5. Moreover, an exploration shaft was sunk and a 250 tonne bulk sample was extracted to subsequently be used in a pilot plant which demonstrated a high recovery rate of 78%.
The historical resources estimate, the historical feasibility and the historical metallurgical testing are based on data obtained by previous owners in the 1960s. MDN has not yet undertaken the work necessary to verify or classify those historical results. Economic studies completed in the 1960s do not mean the Argor deposit would be found to be economic today. MDN is not treating the historical results as a current mineral resource nor as having been verified by a qualified person.
Claude Dufresne, P. Eng., acted as the qualified person as defined in National Instrument 43-101 ("NI 43-101"). He reviewed and approved the technical and scientific content of this press release.
About MDN (TSX VENTURE:MDN)
MDN Inc. is a mining exploration company that recently acquired the James Bay Niobium (Argor) property in Ontario, Canada. MDN also holds a 72.5% interest in Crevier Minerals Inc., which owns a niobium tantalum resource in Quebec, Canada and the Ikungu and Ikungu East Gold properties in Tanzania.
Forward-Looking Statements
This press release contains forward-looking statements. Such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements are discussed in greater detail in the Company's most recent Annual Information Form filed on SEDAR. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the factors mentioned in the Annual Information Form, as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and as such, the forward-looking statements in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.
Follow us on Twitter: https://mobile.twitter.com/MDN_INC
LinkedIn: https://www.linkedin.com/company/1318737
Claude Dufresne, P.Eng
President & CEO
MDN Inc.
514 866-6500, Ext. 221
cdufresne@mdn-mines.com
www.mdn-mines.com
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Two key breakthroughs prove the magic of niobium
Lara Smith | February 06, 2017 | 1 Comment
There is no name for the specific emotion one feels when a silver bullet downs eight problems at once, but no doubt there definitely should be. It is similar to that relief you feel when you’re watching an episode of The Walking Dead, and twenty-thousand decaying corpses are but a millimeter from the carotid you happen to be most fond of, which also just happens to be in a collapsing building and, oh yea, everything is on fire; until a surprise twist results in everyone you care about surveying the scene from a safe distance within 0.8 seconds. Suggestions in the comments, please.
NioCorp Developments Ltd. (TSX: NB | OTCQX:NIOBF) (“NioCorp”) have had a January to shout about. Back in 2015, they received the results of their Preliminary Economic Assessment (PEA), and aside from the incredibly favourable outcomes, it called for the construction of a seven-kilometer railroad spur line with considerable supporting infrastructure; the function of the railroad was to permit delivery of approximately 7,000 tonnes of reagents every single week that were required for the separation and purification of the three valuable superalloy metals (niobium, scandium, and titanium) that NioCorp is going for in Nebraska. Whomever said the cornhusker state was known only for football and cows was clearly rather shortsighted.
The railroad would have required NioCorp to casually throw up several bridges over the Nemaha River, Elk Creek, and various tributaries, as well as impacting an estimated 2.6 acres of wetlands and open water, and more than 1,700 feet of various water channels. Not to mention the additional land purchases, permits and, oh yea, and everything is on fire.
Terrible, right? Nope. NioCorp has utilised the admittedly oxymoronic magic of science to achieve a great deal this month. In a single announcement, they told us of two key breakthroughs that not only render the rail construction project entirely redundant, but dramatically reduce the environmental impact of the whole extraction going forward.
The first of these breakthroughs permits a large reduction in the size of a range of equipment since NioCorp discovered that it can still attain high Niobium recovery rates even while using up to an order of magnitude less water than previously planned. This breakthrough removes a zero from the costs!
The second breakthrough came when NioCorp realised they could source the essential reagents from their own waste products. The company found that it can convert significant fractions of its neutralization solids and acid regeneration solids into supplies of neutralizing agents and process reagents that are used to help produce the commercial products. The solid material is comprised mostly of calcium compounds similar to those found in household wallboard, and were originally planned either for disposal on-site or the backfilling of the mine.
With the dissipation of the anticipated impacts, the project’s permitting should be vastly smoother, and the associated environmental review process able to be conducted more efficiently. If all of these benefits are achieved, and there is no reason they shouldn’t be, NioCorp could reduce both their OPEX and CAPEX for specific portions of the project.
To top it all off, NioCorp announced a $2m private placement deal on January 27th. Not really surprising given the recent developments, and we’re sure there’ll be many more eyes cast their way before the snow melts. The PEA, without the rail demands, shows that the Elk Creek Project will deliver exceptional economic results. With anticipated production of 7,490 tonnes per annum of ferroniobium, 97 tpa of scandium trioxide, and 23,960 tpa of titanium dioxide over its 32-year life, Elk Creek is estimated to have pre-tax NPV of US$3.07 billion. Goodbye railway; hello feasibility study.
Largo announces qualification of its vanadium for use in production of titanium master alloys in the aerospace industry
InvestorIntel | February 27, 2017 | No Comments
February 27, 2017 (Source) — Largo Resources Ltd. (“Largo” or the “Company”) (TSX: LGO) (OTCQB: LGORF) is very pleased to announce that Largo’s vanadium pentoxide has been qualified for use by a major North American producer of master alloys for the aerospace industry. Additional qualification trials are underway at master alloy producers in Europe and Russia.
High purity vanadium pentoxide is used in the production of vanadium master alloys used by the global titanium alloy industry. Vanadium based master alloys are critical, non-replaceable materials used in the production of various titanium alloys for aerospace, industrial, and other applications.
The qualification of Largo’s vanadium pentoxide for these applications represents an important broadening of the supply base for high purity vanadium pentoxide to the global titanium master alloy industry. Over the past two years rationalizations within the vanadium industry during a period of historically low prices has resulted in a significant decrease in the availability of high purity vanadium pentoxide for the titanium, chemical and energy storage (battery) markets. For Largo, the qualification is an important step in ensuring that its product becomes the product of choice in value added specialty applications for vanadium pentoxide including applications in the titanium industry, the chemical and catalyst industries, and the developing energy storage markets.
Mark Smith, President and Chief Executive Officer for Largo, stated: “Now that the Maracás Menchen Mine has demonstrated stable and consistent operations, it is poised to benefit greatly from selling its vanadium products into higher margin market sectors as well as from general increases in vanadium prices, which we anticipate will strengthen further during 2017.” Mr. Smith continued “I am very pleased with the qualification of our material for use by the master alloy industry and we look forward to supplying the specialty application segment for years to come.”
About Largo
Largo Resources Ltd. is a growing strategic mineral company focused on the production of vanadium pentoxide at its Vanadio de Maracás Menchen Mine. Vanadium is primarily used as an alloy to strengthen steel and reduce its weight. Vanadium enhanced steels are used in a vast and growing range of products that are used and encountered every day; including, rebar, automobiles, transport infrastructure etc. As trends in the steel industry now demand increasingly stronger and lighter products for advanced applications, the use of vanadium is expected to grow over the medium and long term. Largo also has interests in a portfolio of other projects, including: a 100% interest in the Currais Novos Tungsten Tailings Project in Brazil; a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project in Brazil; and a 100% interest in the Northern Dancer Tungsten-Molybdenum property in the Yukon Territory, Canada. For more information, please visit www.largoresources.com.
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