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ALL TIME LOW, WHAT SHOULD THIS STOCK BE SAYING?
The stock of Niobay Metals Inc (CVE:NBY) reached all time low today, Nov, 28 and still has $0.82 target or 5.00% below today’s $0.86 share price. This indicates more downside for the $26.48M company. This technical setup was reported by Barchart.com. If the $0.82 PT is reached, the company will be worth $1.32 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 21,400 shares traded hands. Niobay Metals Inc (CVE:NBY) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More news for Niobay Metals Inc (CVE:NBY) were recently published by: Marketwired.com, which released: “MDN Announces Name Change, New Stock Symbol and Share Consolidation” on September 20, 2016. Reuters.com‘s article titled: “MDN announces name change, new stock symbol and share consolidation” and published on September 20, 2016 is yet another important article.
Niobay Metals Inc, formerly MDN Inc, is a Canada mineral exploration company. The company has a market cap of $26.48 million. The Company’s business consists of acquiring, exploring and evaluating mining properties. It currently has negative earnings. The Firm is in the exploration and evaluation-stage.
YOU CAN SEE THESE PAPERS @: sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005466
CEO @ WORK, FINANCAILS, FOR NIOBAY METALS INC., NOV 25, 2016
Niobay Metals Inc. (formerly MDN Inc.)
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS
For the three and nine months ended September 30, 2016
In Canadian Dollars
Unaudited
NOTICE TO READER
The accompanying unaudited condensed interim consolidated financial statements of Niobay Metals Inc. (formerly MDN Inc.) have been prepared by and are the responsibility of the Company’s management. The Company’s independent auditor has not performed a review of these unaudited condensed interim consolidated financial statements.
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Niobay Metals Inc. (formerly MDN Inc.) Consolidated Statements of Financial Position
September 30, December 31, (unaudited, in Canadian dollars) 2016 2015
$ $
ASSETS
Current
Cash 1,464,600 69,343 Temporary investments - 250,000 Accounts receivable 45,543 39,371 Tax credits related to resources and mining taxes receivable 141,158 181,305 Prepaid expenses and deposits 22,751 11,123
1,674,052 551,142 Non-current Accounts receivable 91,912 101,633 Property and equipment 48,664 56,021 Exploration and evaluation assets (Note 3) 484,931 7,638,134
TOTAL ASSETS 2,299,559 8,346,930
LIABILITIES Current Accounts payable and accrued liabilities (Note 4) 379,958 236,894 Non-current Deferred income tax liability (Note 3) - 195,188
TOTAL LIABILITIES 379,958 432,082
EQUITY Share capital (Note 5) 66,686,758 64,530,913 Contributed surplus 6,825,680 6,653,091 Deficit (73,513,524) (67,188,424) Cumulative translation adjustment 1,699,248 2,786,446
Equity attributable to shareholders of the Company 1,698,162 6,782,026 Non-controlling interests 221,439 1,132,822
TOTAL EQUITY 1,919,601 7,914,848
TOTAL LIABILITIES AND EQUITY 2,299,559 8,346,930
Going concern (Note 1), Contingencies (Note 9).
The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.
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Niobay Metals Inc. (formerly MDN Inc.) Consolidated Statements of Comprehensive (Loss) Income
Three months ended September 30, Nine months ended September 30, (unaudited, in Canadian dollars) 2016 2015 2016 2015 $ $ $ $
Expenses and other items Management and administration (Note 7) 204,191 115,283 524,923 486,625
Write-down of exploration and evaluation assets (Note 3) 25,700 490,675 6,643,156 2,447,175
Income related to flow-through shares - (287) - (48,058)
Gain on settlement of liabilities - (638,414) - (638,414)
Finance income (379) (839) (890) (3,861)
Loss (gain) on foreign exchange 714 32,904 (942) 85,223
(Loss) income before income taxes (230,226) 678 (7,166,247) (2,328,690)
Deferred income tax recovery (Note 3) - - (195,188) -
Net (loss) income for the period (230,226) 678 (6,971,059) (2,328,690)
Other comprehensive income (loss)
Foreign currency translation differences for foreign operations 1,310 606,974 (1,087,198) 1,351,387
Total comprehensive (loss) income for the period (228,916) 607,652 (8,058,257) (977,303)
Net (loss) income attributable to: Shareholders of the Company (229,622) 7,062 (6,059,676) (2,308,588)
Non-controlling interests (604) (6,384) (911,383) (20,102)
Total comprehensive (loss) income attributable to: Shareholders of the Company (228,312) 614,036 (7,146,874) (957,201)
Non-controlling interests (604) (6,384) (911,383) (20,102)
Basic and diluted (loss) earnings per common share (0.01) 0.00 (0.28) (0.10)
Weighted average number of common shares - basic and diluted 28,396,283 22,931,501 24,873,554 22,902,270
The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.
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Niobay Metals Inc. (formerly MDN Inc.) Consolidated Statements of Shareholders’ Equity
Number of
Equity
issued
Cumulative attributable to Non- Total
and outstanding
Share Contributed
translation shareholders controlling shareholders’
(unaudited, in Canadian dollars) common shares (1)
capital surplus Deficit adjustment of the company interests equity
$ $ $ $ $ $ $
Balance at December 31, 2015 22,931,501 64,530,913 6,653,091 (67,188,424) 2,786,446 6,782,026 1,132,822 7,914,848
Shares issued pursuant to a private placement (Note 5) 7,180,000 1,795,000 - - - 1,795,000 - 1,795,000
Share issue expenses (Note 5) - - 109,418 (265,424) - (156,006) - (156,006)
Shares issued on acquisition of the James Bay project (Note 5) 1,000,000 350,000 - - - 350,000 - 350,000
Shares issued on exercise of stock options 30,000 10,845 (3,345) - - 7,500 - 7,500
Share-based remuneration - - 66,516 - - 66,516 - 66,516
Net loss for the period - - - (6,059,676) - (6,059,676) (911,383) (6,971,059)
Other comprehensive loss
Foreign currency translation differences - - - - (1,087,198) (1,087,198) - (1,087,198)
Balance at September 30, 2016 31,141,501
66,686,758 6,825,680 (73,513,524) 1,699,248 1,698,162 221,439 1,919,601
Balance at December 31, 2014 22,791,501
64,481,913 6,622,308 (49,908,226) 1,279,016 22,475,011 1,797,715 24,272,726
Shares issued to acquire the Prairie Lake project 140,000 49,000 - - - 49,000 - 49,000
Share-based remuneration - - 30,056 - - 30,056 - 30,056
Net loss for the period - - - (2,308,588) - (2,308,588) (20,102) (2,328,690)
Other comprehensive income
Foreign currency translation differences -
- - - 1,351,387 1,351,387 - 1,351,387
Balance at September 30, 2015 22,931,501
64,530,913 6,652,364 (52,216,814) 2,630,403 21,596,866 1,777,613 23,374,479
(1) On September 20, 2016, the Company’s common shares were consolidated on the basis of one post-consolidation share for every 5 pre-consolidation shares held. The number of shares presented in these condensed interim consolidated financial statements have all been adjusted to reflect the impact of this share consolidation.
The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.
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Niobay Metals Inc. (formerly MDN Inc.) Consolidated Statements of Cash Flows
Nine months ended September 30,
(unaudited, in Canadian dollars)
2016 2015 $ $
Operating activities
Net loss for the period (6,971,059) (2,328,690) Adjustments Share-based remuneration 59,007 30,056 Amortization of property and equipment 7,785 4,938 Write-down of exploration and evaluation assets 6,643,156 2,447,175 Gain on settlement of liabilities - (638,414) Deferred income tax recovery (195,188) - Finance income accrued (890) (3,861) Finance income received 1,257 (9,209) Foreign exchange (gain) loss (942) 52,403 Changes in working capital items 106,936 472,003 (349,938) 26,401 Investing activities Disposal of investments 250,000 400,000 Additions to property and equipment (2,100) - Additions to exploration and evaluation assets (149,947) (522,018) 97,953 (122,018) Financing activities Issuance of shares 1,802,500 - Share issue expenses (156,006) - 1,646,494 -
Effect of exchange rate changes on cash held in foreign currency 748 (17,899) Net change in cash 1,395,257 (113,516) Cash, beginning of period 69,343 264,796
Cash, end of period 1,464,600 151,280
Supplemental cash flow information Change in tax credits related to resources capitalized to exploration and evaluation assets - 40,146 Share-based remuneration capitalized to exploration and evaluation assets 7,509 - Change in accounts payable and accrued liabilities related to exploration and evaluation assets 63,735 67,203 Value of shares issued on acquisition of exploration and evaluation assets 350,000 49,000
The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
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1. GENERAL INFORMATION AND GOING CONCERN
On September 20, 2016, following receipt of shareholder approval at a special meeting of shareholders held on September 1, 2016 and subsequent approval by the Company’s board of directors of the filing of the applicable articles of amendment, the Company changed its name from MDN Inc. to Niobay Metals Inc. (“Niobay” or the “Company”) and proceeded with the consolidation of its common shares on the basis of one post-consolidation share for every five pre-consolidation shares. All outstanding share purchase warrants and stock options were also adjusted to reflect the one for five share consolidation. The Company’s shares commenced trading on the TSX Venture Exchange ("TSXV") on a post-consolidation basis and under the new name and ticker symbol “NBY” on September 21, 2016.
Niobay is primarily engaged in the acquisition and exploration of mineral properties. In June 2016, the Company completed the acquisition of the James Bay niobium property, located in northern Ontario, Canada. The Company also holds interests in other exploration properties located in Quebec, Canada and Tanzania through its subsidiaries Crevier Minerals Inc. (“CMI”, 72.5% interest) and MDN Tanzania Ltd. (“MDN Tanzania”, 100% interest). All amounts in these condensed interim consolidated financial statements are expressed in Canadian dollars unless otherwise indicated. The Board of Directors approved and authorized for issuance these unaudited condensed interim consolidated financial statements on November 24, 2016.
Going concern
These unaudited condensed interim consolidated financial statements have been prepared on the basis of accounting principles applicable to a going concern, which assume that the Company will continue to operate for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of operations as they come due. In assessing whether the going concern assumption is appropriate, management takes into account all available information about the future, which is at least, but not limited to, twelve months from the end of the reporting period. Management is aware, in making its assessment, of material uncertainties related to events and conditions that may cast a significant doubt about the Company’s ability to continue as a going concern as described in the following paragraph, and accordingly, the appropriateness of the use of accounting principles applicable to a going concern. These unaudited condensed interim consolidated financial statements do not reflect the adjustments to the carrying values of assets and liabilities, expenses and financial position classification that would be necessary if the going concern assumption was not appropriate. These adjustments could be material.
At September 30, 2016, the Company had a working capital of $1,294,094, had an accumulated deficit of $73,513,524 and incurred a loss of $6,971,059 for the nine months ended September 30, 2016. Working capital included cash of $1,464,600. However, the Company will require additional funds to meet its exploration and development objectives, to provide for management and administration expenses for at least the next 12 months and to settle all current obligations. Such funding requirements may be met in the future in a number of ways, including the issuance of securities or other arrangements. If the Company is not successful in raising additional funds, it may be required to reduce the scope of, or eliminate its future exploration and development activities, any of which could have a negative impact on the business, financial condition and results of operation of the Company.
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
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2. STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION
These unaudited condensed interim consolidated financial statements have been prepared in accordance with IAS 34, Interim Financial Reporting and follow the same accounting policies as the Company’s most recent annual consolidated financial statements. They do not contain all of the information and disclosures required for annual financial statements, and should be read in conjunction with the Company’s audited consolidated financial statements for the years ended December 31, 2015 and 2014 which have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).
Restatement for the three and six months ended June 30, 2016
The Company’s condensed interim consolidated financial statements for the three and six months ended June 30, 2016 have been restated to properly reflect the foreign exchange impact of the write-down of the Tanzanian properties recorded during those periods. The effect of the restatement is summarized as follows:
Previously
reported Adjustment Restated $ $ $
Financial Position at June 30, 2016
Deficit (73,939,216) 920,738 (73,018,478) Cumulative translation adjustment 2,618,676 (920,738) 1,697,938 Comprehensive Loss for the three months ended June 30, 2016 Write-down of exploration and evaluation assets 7,538,194 (920,738) 6,617,456 Net loss for the period (7,531,278) 920,738 (6,610,540) Other comprehensive (income) loss Foreign currency translation difference for foreign operations 95,940 (920,738) (824,798) Total comprehensive loss of the period (7,435,338) - (7,435,338) Comprehensive Loss for the six months ended June 30, 2016 Write-down of exploration and evaluation assets 7,538,194 (920,738) 6,617,456 Net loss for the period (7,661,571) 920,738 (6,740,833) Other comprehensive loss Foreign currency translation difference for foreign operations (167,770) (920,738) (1,088,508) Total comprehensive loss of the period (7,829,341) - (7,829,341)
The restatement had no impact on total Operating Activities and Investing Activities in the Consolidated Statements of Cash Flows statement for the six-months ended June 30, 2016.
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
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3. EVALUATION AND EXPLORATION ASSETS
Evaluation and exploration assets by properties are detailed as follows:
Effect of
January 1,
foreign September 30, 2016 Additions Write-down exchange 2016 $ $ $ $ $
Mineral properties
Canada
James Bay (Nb) - 100% - 399,945 - - 399,945
- 399,945 - - 399,945
Exploration and evaluation expenditures
Canada
James Bay (Nb) - 100% - 84,986 - - 84,986
Crevier (Nb) - 72.5% 3,486,133 5,210 (3,491,343) - -
Prairie Lake (Nb) - 52,700 (52,700) - -
Tanzania
Ikungu (Au) - 84% 3,825,363 16,495 (2,848,171) (993,687) -
Ikungu East (Au) - 100% 326,638 11,855 (250,942) (87,551) -
7,638,134 171,246 (6,643,156) (1,081,238) -
7,638,134 571,191 (6,643,156) (1,081,238) 484,931
James Bay
On June 22, 2016, the Company completed the acquisition of the James Bay niobium property, located in northern Ontario, from Barrick Gold Inc., James Bay Columbium Ltd. and Goldcorp Inc. (the “Sellers”). In exchange for a 100% interest in the property, the Company issued to the Sellers a total of 1,000,000 common shares and paid a cash consideration of $25,000. The Sellers retain a 2% net smelter returns royalty (“Royalty”) over all metals produced from the property. The Company has the right to buy-back 1% of the Royalty for an amount of $2,000,000 (in constant 2016 dollars, subject to a cap of $3,000,000) at any time. Moreover, the Sellers have the right to reacquire a 51% interest in the property (the “Back-in 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 Sellers to the Company of 2.5 times the Company’s expenditures incurred on the property. The Back-In Right does not apply to the niobium content.
The acquisition cost of the James Bay property includes an amount of $350,000 representing the value of the shares issued, using the closing price of the shares on the day immediately prior to the closing date, the cash consideration of $25,000 and legal and regulatory fees of $24,945.
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
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3. EVALUATION AND EXPLORATION ASSETS (continued)
Crevier
Following the acquisition of the James Bay property, the Company has established that its focus will be the development of the James Bay property in Northern Ontario. The Company does not intend to conduct any exploration and / or development work on the Crevier property in the foreseeable future. Given the above and the significant amount of investments that would be required to potentially establish economic resources at Crevier, the Company proceeded with writing-down to nil during the three months ended June 30, 2016 its investments in the project, thus estimating no recoverable value of the Crevier property. The write-down resulted in the reversal of the deferred income tax liability and a corresponding deferred income tax recovery was recorded during the three months ended June 30, 2016.
The Company has a non-expiring right to acquire an additional interest of 15% in CMI by paying in cash or in shares, at the option of the Company, $750,000 to the non-controlling shareholder.
Prairie Lake
The Company incurred claims-related expenses of $52,700 during the nine-months ended September 30, 2016. In February 2016, the Company terminated its option on the property with the claim owners and has therefore writtendown to nil its costs incurred on the property, thus estimating no recoverable value of the Prairie Lake property.
Ikungu and Ikungu East
MDN Tanzania applied for the extension of prospecting licences on two of its permits, in April 2015 and in June 2016. The extension applications have not yet been approved. Although the Company believes that the extensions will be obtained, there is no assurance that such extensions will be granted to MDN Tanzania.
On May 10, 2016, the Company advised Sichuan Xinye Investment Corporation of Mining and Exploration (“XINYE”) that it was terminating the Heads of Agreement (“HOA”) entered into in September 2015, as the parties did not succeed in concluding a definitive agreement under the terms of the HOA. Given the termination of the HOA and that the Company does not anticipate conducting any exploration work on these properties in the foreseeable future, the Company proceeded with writing-down to nil during the three months ended June 30, 2016 its investments in the Tanzanian properties, thus estimating no recoverable value of the Ikungu and Ikungu East properties.
Following the completion of the due diligence period and in accordance with the HOA, XINYE paid to MDN in January 2016 an amount of US$200,000, which included an amount of US$75,000 as reimbursement of transactionrelated expenses and a break fee of US$125,000. Following the termination of the HOA, the Company agreed to return the amount of US$125,000 to XINYE, which amount was paid on August 10, 2016. The difference of $96,878 (US$75,000) was presented as a reduction of management and administration expenses in Note 7.
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
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4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
At September 30, 2016, accounts payable and accrued liabilities included a provision of $144,000 related to the April 2015 notice of assessment issued by Revenu Québec (Note 9), a remaining retirement allowance of $25,000 payable to the Company’s former CFO on the anniversary date of his retirement, being May 26, 2017, and various payables and accruals in Tanzania ($7,252) and in Canada ($203,706).
5. SHARE CAPITAL AND WARRANTS
Issued and fully paid
On September 20, 2016, the Company proceeded with the consolidation of its common shares on a 1 for 5 basis. The number of shares, warrants, options and loss per share data presented in these condensed interim consolidated financial statements have all been adjusted to reflect the impact of this share consolidation.
At September 30, 2016, the Company had 31,141,501 issued and outstanding common shares (22,931,501 at December 31, 2015).
Issuance of shares
On August 4, 2016, the Company completed a non-brokered private placement of 7,180,000 shares at a price of $0.25 per share for gross proceeds of $1,795,000. As part of the private placement, the Company granted 500,000 compensation warrants exercisable into 500,000 common shares at an exercise price of $0.30 per share expiring on July 5, 2019. The fair value of the compensation warrants, estimated at $109,418 and presented as share issue expenses, was measured based on the Black-Scholes option pricing model, using a risk-free interest rate of 0.54%, an expected life of 3 years, an annualized volatility of 73% and a dividend rate of 0%. The underlying expected volatility was determined by reference to historical data of the Company’s share price over the expected life of the warrants. Other issue expenses of $156,006 consisted of legal, consulting and regulatory expenses.
On June 22, 2016, the Company issued 1,000,000 of its common shares as consideration for the acquisition of the James Bay niobium property (Note 3). These shares were valued at an amount of $350,000 using the June 21, 2016 closing price of the Company’s shares.
Warrants
At September 30, 2016, the Company had 500,000 issued and outstanding compensation warrants, granted as part of the August 4, 2016 non-brokered private placement (nil at December 31, 2015). The compensation warrants are exercisable at a price of $0.30 per unit until July 5, 2019.
On July 17, 2016, 736,349 share purchase warrants exercisable at a price of $0.55 per unit expired unexercised (736,349 outstanding share purchase warrants at December 31, 2015).
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
11
6. STOCK OPTIONS
The following table sets out the activity in stock options:
Three months ended September 30, Nine months ended September 30, 2016 2016
Weighted Weighted average exercise average exercise Number price ($) Number price ($)
Options, beginning of period 1,112,000 0.36 726,000 0.40 Granted 44,800 0.63 464,800 0.37 Exercised (30,000) (0.25) (30,000) (0.25) Expired (8,000) (1.25) (42,000) (1.04)
Options, end of period 1,118,800 0.37 1,118,800 0.37
In September 2016, the Company granted a total of 44,800 stock options to a consultant. These will vest over 2 years. The options have a five year term and are exercisable at a price of $0.625 per share. On the grant date, the market price of the Company’s shares was $0.625. The fair value of the stock options was estimated at $0.37 per option by applying the Black-Scholes option pricing model, using an expected time-period of 5 years, a semi-annual weighted-average risk-free interest rate of 0.7%, a volatility rate of 72% and a 0% dividend factor.
In June 2016, the Company granted a total of 390,000 stock options to its directors, officers and consultants. A total of 215,000 stock options vested on the grant date and 175,000 stock options will vest over 2 years. The options have a five year term and are exercisable at a price of $0.35 per share. On the grant date, the market price of the Company’s shares was $0.35. The fair value of the stock options was estimated at $0.19 per option by applying the Black-Scholes option pricing model, using an expected time-period of 5 years, a semi-annual weighted-average riskfree interest rate of 0.6%, a volatility rate of 68% and a 0% dividend factor.
In March 2016, the Company granted a total of 30,000 stock options to a consultant. These will vest over 2 years. The options have a five year term and are exercisable at a price of $0.275 per share. On the grant date, the market price of the Company’s shares was $0.275. The fair value of the stock options was estimated at $0.19 per option by applying the Black-Scholes option pricing model, using an expected time-period of 5 years, a semi-annual weightedaverage risk-free interest rate of 0.7%, a volatility rate of 90% and a 0% dividend factor.
The underlying expected volatility of all option grants was determined by reference to historical data of the Company’s share price over the expected stock option life. No special features inherent to the stock options granted were incorporated into the measurement of fair value.
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
12
6. STOCK OPTIONS (continued)
The following table reflects the stock options issued and outstanding at September 30, 2016:
Number of Remaining
outstanding contractual
Range of exercise prices
options life
(years)
$0.05 - $0.99
1,070,800 3.8
$1.00 - $1.99
32,000 3.0
$2.00 - $2.50
16,000 3.9
1,118,800 3.8
7. MANAGEMENT AND ADMINISTRATION EXPENSES
The Company incurred the following management and administration expenses:
Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015
$ $ $ $
Wages and consulting 111,245 67,285 272,822 205,751 Legal, audit and tax 24,386 19,900 64,632 126,804 Office 27,192 17,909 66,563 55,200 Investor relations and travel 53,914 3,849 87,491 39,689 Reporting issuer costs 9,501 2,713 55,096 22,010 Recovery of expenses (Note 3) - - (96,878) - Mining titles management 1,909 1,254 8,405 2,177 228,147 112,910 458,131 451,631 Share-based remuneration (26,534) 727 59,007 30,056 Amortization of property and equipment 2,578 1,646 7,785 4,938 204,191 115,283 524,923 486,625
Niobay Metals Inc. (formerly MDN Inc.) Notes to Condensed Interim Consolidated Financial Statements September 30, 2016 (unaudited - in Canadian dollars)
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8. SEGMENTED INFORMATION
The Company has one reportable operating segment being the acquisition and exploration of mineral properties. Non-current assets are located as follows:
September 30, 2016 Canada Tanzania Total $ $ $
Accounts receivable - 91,912 91,912 Property and equipment 21,698 26,966 48,664 Exploration and evaluation assets 484,931 - 484,931
506,629 118,878 625,507
December 31, 2015
Canada
Tanzania Total $ $ $
Accounts receivable - 101,633 101,633 Property and equipment 23,417 32,604 56,021 Exploration and evaluation assets 3,486,134 4,152,000 7,638,134
3,509,551 4,286,237 7,795,788
9. CONTINGENCIES
Tanzania Revenue Authority (“TRA”)
MDN Tanzania received notices of assessment in April and June 2016 in respect of withholding taxes, claiming an amount of approximately $300,000 plus accrued interest of approximately $600,000. No provision has been recorded in these condensed interim consolidated financial statements as management believes that it has always paid its withholding taxes in accordance with local requirements and that the amounts claimed are unfounded. MDN Tanzania intends to vigorously defend its position with the Tanzanian tax authorities.
Revenu Québec
Following an audit of the tax credits relating to resources claimed by and paid to Crevier Minerals Inc. for the years 2010, 2011 and 2012, Revenu Québec issued in April 2015 a notice of assessment for an amount of $370,517, stipulating that certain expenses were not eligible for such tax credits relating to resources.
Despite its disagreement with the notice of assessment, the Company recorded a specific provision of $144,000 presented as accounts payable and accrued liabilities at September 30, 2016 and December 31, 2015.
CEO @ work for NIOBAY METALS INC., NOV 25, 2017
NIOBAY METALS INC. (formerly MDN Inc.) MANAGEMENT’S DISCUSSION AND ANALYSIS – QUARTERLY HIGHLIGHTS FOR THE 3RD QUARTER ENDED SEPTEMBER 30, 2016
The following interim management’s discussion and analysis – quarterly highlights (“Interim MD&A”) of Niobay Metals Inc. (“Niobay Metals” or the “Company”) for the three months ended September 30, 2016 provides material information about the Company’s business activities during the interim period and updates disclosure previously provided in the Company’s management’s discussion and analysis for the year ended December 31, 2015 (“Annual MD&A”). This Interim MD&A should be read in conjunction with the Company’s unaudited condensed interim consolidated financial statements and related notes for the three and nine months ended September 30, 2016 (the “Interim Financial Statements”), the Company’s audited consolidated financial statements for the years ended December 31, 2015 and 2014 (the “Annual Financial Statements”), and the Company’s Annual MD&A, including the section describing risks and uncertainties.
The effective date of this Interim MD&A is November 24, 2016.
All financial results presented in this Interim MD&A are expressed in Canadian dollars unless otherwise indicated. The number of shares, warrants and stock options presented in this Interim MD&A have all been adjusted to reflect the impact of the one for five share consolidation described under Highlights for the Period.
NATURE OF OPERATIONS
Niobay Metals (formerly MDN Inc.) is a mineral resource company. The business of the Company consists of acquiring, exploring and evaluating mining properties. Niobay Metals has not yet determined whether its properties contain economically viable mineral deposits.
The Company’s efforts are focused on critical metals, with a specific interest for properties containing niobium. In June 2016, the Company completed the acquisition of a 100% interest in the James Bay niobium property (the “James Bay Niobium Project”), located in north-eastern Ontario. The Company also holds interests in properties located in Quebec (niobium and tantalum) and in Tanzania (gold). The Company’s common shares trade on the TSX Venture Exchange ("TSXV") under the symbol NBY.
HIGHLIGHTS FOR THE PERIOD
? On September 20, 2016, following receipt of shareholder approval at a special meeting of shareholders held on September 1, 2016 and subsequent approval by the Company’s board of directors of the filing of the applicable articles of amendment, the Company changed its name from MDN Inc. to Niobay Metals Inc. and proceeded with the consolidation of its common shares on the basis of one post-consolidation share for every five pre-consolidation
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shares. All outstanding share purchase warrants and stock options were also adjusted to reflect the one for five share consolidation. The Company’s shares commenced trading on the TSXV on a post-consolidation basis and under the new name and ticker symbol “NBY” on September 21, 2016. As of the date of this Interim M&A, the Company has 31,141,501 common shares, 500,000 common share purchase warrants and 1,118,800 stock options issued and outstanding.
? On August 4, 2016, the Company completed a non-brokered private placement of 7,180,000 common shares at a price of $0.25 per share for gross proceeds of $1,795,000. All of the securities issued pursuant to the private placement are subject to a statutory hold period expiring on December 5, 2016. In connection with the private placement, the Company issued 500,000 compensation warrants exercisable into 500,000 common shares at an exercise price of $0.30 per share expiring on July 5, 2019.
? Following the acquisition of the James Bay Niobium Project, all of the historical data was brought to the Company’s head office and compilation is now well advanced. In parallel, a team of geologists is currently working on the core that was drilled in the 1960s by the previous owner, located in Moosonee, a town approximately 40 km north of the James Bay Niobium Project. The planned cleaning, relogging and re-assaying of historical drill core will be completed by the end of the year. The objective of the review of historical data and analysis of the drill core is to complete a geological re-interpretation and a validation of the assay results of the 1960s. These re-assays and re-interpretation will enable the geologists to design a drilling campaign that is tentatively scheduled to take place in early 2017. With the results of the drill campaign, the Company should be in a position to complete a resource estimate in accordance with NI 43-101 standards. This would then lead to the preparation of a preliminary economic assessment by the end of 2017. The geological work is being done under the direct supervision of Jacquelin Gauthier, P.Ing., P. Geo., Senior Technical Advisor to the Company.
? The Company has initiated communications with the various stakeholders impacted by the James Bay Niobium Project and an application with the Ontario Ministry of Northern Development and Mines for an exploration permit has been filed.
? The Company invested an amount of approximately $85,000 on the James Bay Niobium Project during the three months ended September 30, 2016, and such amounts were capitalized in accordance with the Company’s accounting policy. This investment consisted mostly of consulting fees related to the geological work described above.
? The Company incurred a net loss of $230,226 ($0.01 per share) for the 3rd quarter ended September 30, 2016 compared to a net income of $678 ($0.00 per share) during the comparative period in 2015.
JAMES BAY NIOBIUM PROPERTY (Ontario)
In June 2016, the Company completed the acquisition of the James Bay Niobium Project located in the James Bay Lowlands in northern Ontario. The acquisition of the James Bay Niobium property marked a significant milestone for the Company. The extensive knowledge of the Company’s management team in the niobium field led Niobay Metals to conclude that the James Bay Niobium Project is a strategic asset that has the potential to create the long term growth of
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the Company and to become a major player in this critical metal production.
The James Bay Niobium Project was discovered in 1966 by James Bay Columbium Ltd. Historical estimates were established by exploratory and detailed drilling totalling over 14,000 meters in 85 holes, outlining the deposit to a maximum depth of 275 meters. The deposit has been drilled off in sections of 61 meters intervals along a strike of 730 meters. An historical estimate of 62 million tonnes at 0.52% Nb2O5 was established in 1967 by Dr. P. Price of Bechtel and Company. An exploration shaft was sunk to investigate soil conditions and to provide a 250 tonnes bulk sample. Subsequent pilot plant operations demonstrated a good quality pyrochlore concentrate and a recovery rate of 78% was achieved. Historical estimates and historical pilot plant results led to the realization in 1969, by Bechtel Canada, of a feasibility study on the project.
The historical estimates, 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 property would be found to be economic today. Niobay Metals is not treating the historical estimates as having been verified by a qualified person. The Company will have to perform studies to validate the historical estimates.
OTHER PROPERTIES
Crevier (Quebec) No work has been done on the Crevier property during the current period.
Ikungu and Ikungu East properties (Tanzania)
MDN Tanzania, the Company’s wholly-owned subsidiary, applied for the extension of prospecting licences on two of its permits, in April 2015 and in June 2016. The extension applications have not yet been approved. Although the Company believes that the extensions will be obtained, there is no assurance that such extensions will be granted to MDN Tanzania.
MDN Tanzania received notices of assessment in April and June 2016 in respect of withholding taxes, claiming an amount of approximately $300,000 plus accrued interest of approximately $600,000. Management of the Company believes that it has always paid its withholding taxes in accordance with local requirements and that the amounts claimed are unfounded. MDN Tanzania intends to vigorously defend its position with the Tanzanian tax authorities.
SUMMARY OF OPERATING RESULTS
The Company incurred a net loss of $230,226 during the three months ended September 30, 2016 compared to a net income of $678 in 2015. The loss during the current period included mostly $204,191 in management and administration expenses and $25,700 as write-down of an amount related to the Prairie Lake property, on which the option held by the Company had been terminated in early 2016. The income in 2015 was due to the realization of a gain of $638,414 on settlement of liabilities in Tanzania, partially offset by a write-down of exploration and evaluation assets of $490,675 related to the Samaqua property and management and administration expenses of $115,283.
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Administrative expenses totalled $204,191 for the three months ended September 30, 2016 compared to $115,283 in 2015. Expenses in 2016 include $50,000 as a retirement allowance to the Company’s former CFO and higher investor relations and travel expenses related mostly to the August 2016 private placement of $1,795,000.
LIQUIDITY AND FINANCIAL POSITION
At September 30, 2016, the Company’s cash position amounted to $1,464,600 compared to $319,343 at December 31, 2015. On August 4, 2016, the Company completed a non-brokered private placement for a total amount of $1,795,000. Proceeds from the private placement are being used on the work program on the James Bay Niobium Project, and for working capital purposes. However, management estimates that it will require additional funds to meet all of its exploration and development activities related to the James Bay Niobium Project and to provide for management and administration expenses for at least the next 12 months. Such funding requirements may be met in the future in a number of ways, including the issuance of additional securities or other arrangements.
While management has been successful in securing financing in the past, there can be no guarantee that it will be able to do so in the future or that these sources of funding or initiatives will be available to the Company or that they will be available on terms which are acceptable to the Company. If management is unable to obtain new funding, the Company may be required to reduce the scope of, or eliminate future exploration and development activities, any of which could have a negative impact on the business, financial condition and results of operation of the Company.
Operating activities
For the nine months ended September 30, 2016, cash flows used in operating activities amounted to $349,938 compared to cash flows from operating activities of $26,401 in 2015. This decrease is mainly due to the change in non-cash working capital items of $106,936 compared to $472,003 in 2015. In 2015, the Company had received an amount of approximately $511,000 from the Tanzania Revenue Agency for the refund of sales taxes paid by the Company in prior years. In 2016, the Company received from XINYE a net amount of $96,878 (US$75,000) as a reimbursement of legal and other expenses related to the September 2015 Heads of Agreement on the assets in Tanzania, which was subsequently terminated. Financing activities
On August 4, 2016, the Company completed a non-brokered private placement through the issuance of 7,180,000 common shares at a price of $0.25 per share for proceeds of $1,795,000. Share issue expenses paid totaled $156,006 and included mostly legal, consulting and regulatory expenses.
Investing activities
For the nine months ended September 30, 2016, the cash inflows related to investing activities amounted to $97,953 compared to cash outflows of $122,018 in 2015. In 2016, the Company disposed of an investment of $250,000 compared to $400,000 in 2015. Additions to exploration and evaluation assets of $149,947 in 2016 included cash expenses of $49,945 related to the
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acquisition of the James Bay Niobium Project, $84,986 related to exploration and evaluation expenditures of the James Bay Niobium Project, $28,350 related to maintaining the assets in Tanzania in good standing and the application of an extension to the prospecting licences of one of the permits held and $57,910 in claims-related expenses of the Prairie Lake and Crevier properties. Additions to exploration and evaluation assets of $522,018 in 2015 related principally to the Samaqua project in Quebec.
RELATED PARTY TRANSACTIONS
The remuneration awarded to key management personnel, including directors, the Chief Executive Officer and the Chief Financial Officer, during the three months ended September 30, 2016 totaled $33,223 ($53,970 during the comparative period in 2015).
A company controlled by the CEO of the Company invoiced $12,100 during the three months ended September 30, 2016 for the services of a financial analyst ($6,410 in 2015), and invoiced $8,500 for the rental of office space ($8,250 in 2015).
RISKS AND UNCERTAINTIES
Reference is made to the description of risks and uncertainties included in the MD&A for the year ended December 31, 2015.
QUALIFIED PERSON
Jacquelin Gauthier, P.Ing., P. Geo., a Qualified Person under NI 43-101, has reviewed and approved all of the technical information in this Interim MD&A. Mr. Gauthier is a senior technical consultant to the Company.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This Interim MD&A contains certain forward-looking statements as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this Interim MD&A includes forward-looking statements regarding the Company’s strategic plans and objectives to create long term growth and to become a major player in the production of niobium; the timing, completion and results of planned exploration and drilling programs, planned resource estimate and planned preliminary economic assessment; future financial results and future financings. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements.
Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, changes and volatility of metal prices and equity markets, the uncertainties involved in interpreting geological data and estimating mineral resources, changes or delays in exploration plans, the results of exploration programs, risks related to the receipt of regulatory and governmental permits and approvals, the timing and results of consultations with the aboriginal partners, increases in costs, changes in environmental legislation and regulation, general economic conditions and mining industry risks, as well as other risk factors discussed in this
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Interim MD&A, in the Company’s MD&A for the year ended December 31, 2015 and in the continuous disclosure documents filed by the Company and available on SEDAR at www.sedar.com. All forward-looking statements in this Interim MD&A are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.
ADDITIONAL INFORMATION AND CONTINUOUS DISCLOSURE
The Company regularly discloses additional information through press releases and financial statements available on the Company’s website at (www.niobaymetals.com) and on SEDAR at
CEO @ work, Nov 25, 2016:
FORM 52-109FV2 CERTIFICATION OF INTERIM FILINGS VENTURE ISSUER BASIC CERTIFICATE
I, Claude Dufresne, Chief Executive Officer of Niobay Metals Inc., certify the following:
1. Review: I have reviewed the interim financial report and interim MD&A (together, the "interim filings") of Niobay Metals Inc. (the "issuer") for the interim period ended September 30, 2016.
2. No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim 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, with respect to the period covered by the interim filings.
3. Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim 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 interim filings.
Date: November 25, 2016
/s/ Claude Dufresne Claude Dufresne Chief Executive Officer
NOTE TO READER
In contrast to the certificate required for non-venture issuers under Regulation 52-109 respecting Certification of Disclosure in Issuers’ Annual and Interim Filings (c. V-1.1, r. 27) (Regulation 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 Regulation 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 Regulation 52-109 may result in additional risks to the quality, reliability, transparency and timeliness of interim and annual filings and other repo
SEARCH - NIOBIUM:
Gerald S Frankel
... Speed, and Surface Roughness on Tribological Properties of Niobium under Dry and Wet Conditions ." TRIBOLOGY TRANSACTIONS ... , 2013 , " Smoothening of niobium by electropolishing ." JOURNAL OF APPLIED ...
Ji-Cheng Zhao
... " Alloying and Phase Stability in Niobium Silicide In-Situ Composites ." in Structural ... Bernard Patrick Bewlay; Ji-Cheng Zhao . " Niobium-silicide based composites resistant to high temperature oxidation ." ...
Cooking up alloy "recipes" for better medical implants
... we add a certain amount of molybdenum, and more or less niobium or tantalum to the titanium, what will happen? Will the alloy be ...
Materials, microscopy and modeling expertise combine to reveal performance upgrade for jet engines
... the concentrations of the elements titanium, tantalum and niobium in superalloys inhibits the formation of high temperature deformation ...
Stanislav Iosif Rokhlin
... and Theory for Ultrasonic Attenuation in Polycrystalline Niobium ." JOURNAL OF NONDESTRUCTIVE EVALUATION 31 ...
Michael D Sumption
... Samples Intended for Investigating the Strain Sensitivity of Niobium-Tin ." IEEE TRANSACTIONS ON APPLIED SUPERCONDUCTIVITY ... and M.D. Sumption , 2008 , " Niobium Tin Conductors for High Energy Physics, Fusion, MRI and NMR ...
Robert A Rapp
... , 1999 , " Oxidation behavior of niobium aluminide intermetallics protected by aluminide and silicide diffusion ...
Sheikh Ali Akbar
... Wang and S.A. Akbar , 1999 , " Niobium Pentoxide as a Lean-Range Oxygen Sensor ." Sensors and ...
Bharat Bhushan
... Configuration on Plasma Parameters and Microstructure of Niobium Nitride Films ." Surface and Coatings Technology ... configuration on plasma parameters and microstructure of niobium nitride films ." JOURNAL: " SURFACE & COATINGS ...
WHY BEAT-DOWN TODAY NOV 28, 2016
The stock of Niobay Metals Inc (CVE:NBY) reached all time low today, Nov, 28 and still has $0.82 target or 5.00% below today’s $0.86 share price. This indicates more downside for the $26.48M company. This technical setup was reported by Barchart.com. If the $0.82 PT is reached, the company will be worth $1.32 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 21,400 shares traded hands. Niobay Metals Inc (CVE:NBY) has risen 6.00% since October 29, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.
More news for Niobay Metals Inc (CVE:NBY) were recently published by: Marketwired.com, which released: “MDN Announces Name Change, New Stock Symbol and Share Consolidation” on September 20, 2016. Reuters.com‘s article titled: “MDN announces name change, new stock symbol and share consolidation” and published on September 20, 2016 is yet another important article.
Niobay Metals Inc, formerly MDN Inc, is a Canada mineral exploration company. The company has a market cap of $26.48 million. The Company’s business consists of acquiring, exploring and evaluating mining properties. It currently has negative earnings. The Firm is in the exploration and evaluation-stage
GOOD READ:
published: 21 Sep 2016
Commerce Resources records highest niobium mineralized sample to date at Miranna
Last week, Commerce Resources Corp. reported sampling assays from the Miranna Area, located only 1 km east of its Ashram REE Deposit in Québec. The best results include 5.9% and 4.2% niobium pentoxide (Nb2O5). The 9 selected samples reported by Commerce averaged 2.3% Nb2O5. Of all 64 samples, 40 assayed >0.5% Nb2O5, with 16 surpassing 1%. Sampling also found significant grades of tantalum, phosphate and rare earth oxides (2 samples each graded >1,000 ppm Ta2O5 and 1% Nb2O5, while several samples revealed >10% P2O5).
When comparing these niobium grades with the range of global average mining grades of about 0.5 to 1.5% Nb2O5, and the average grades of niobium exploration projects, Commerce Resources indeed has every reason for being enthusiastic.
Niobium focused juniors seem to be enjoying a recent lift in share prices and market valuations potentially due to positive demand growth for niobium for structural steel for infrastructure projects, as well as for the current lighter and stronger chassis for cars. MDN Inc. has recently seen its’ share price appreciate by almost 400% following the announcement of their acquisition of the James Bay Niobium Project, called the Argor Project, which has an historic indicated resource with a grade of 0.52% Nb2O5.
Last year, NioCorp Developments Ltd. (originally structured by Zimtu Capital Corp.) reported an average indicated resource grade of 0.71% Nb2O5 assuming a 0.3% cut-off grade at its Elk Creek Niobium Deposit in Nebraska, USA. Today, NioCorp enjoys a market valuation exceeding $150 million CAD.
With a market share of about 90%, Brazil is the world’s largest producer of niobium, followed by Canada. Brazil has the world‘s largest niobium reserves (98.5%), followed by Canada (1%) and Australia (0.5%). Brazilian niobium reserves total about 840 million t of Nb2O5, with an average grade of 0.73%. The 2 Brazilian niobium mines are Araxá (owned by private company CBMM) producing about 85% of the world’s niobium with resource grades of about 2.5% Nb2O5 and Catalão (owned by China Molybdenum) producing about 7% of the world’s niobium with reserve grades of about 1.2% Nb2O5 (resources at 0.93% Nb2O5).
The third largest producer is the Niobec Mine in Québec (owned by private company Magris Resources) accounting for about 7% of global niobium mine output, with resource grades at 0.53% Nb2O5. Magris purchased Niobec from IamGold for $500 million CAD in January 2015. Market insiders believed this was a signal that infrastructure building was back on the horizon and that niobium demand would be positively affected.
Most of the current exploration, development, and operating mines for niobium have grades between 0.3% and 1.2% Nb2O5, apart from the world‘s largest and highest grade niobium mine, Araxá in Brazil, with resource grades of 2.5% Nb2O5. With an average of 2.3% Nb2O5 in the 9 samples reported from the Miranna Area, Commerce Resources may be close to the discovery of a high grade niobium deposit comparable to the leading global producer. Miranna has the right host rock and ore mineral for standard, highly efficient metallurgical processing, that being carbonatite rock and pyrochlore mineralogy hosting the niobium.
As Miranna is located only 1 km east of the Ashram Rare Earth Deposit, there could be significant potential for development synergies in the event a deposit of merit is defined at Miranna.
Having 2 strategic metals deposits right at surface would greatly facilitate the infrastructure development on the Eldor Property, as well as the entire region.
Developing 2 separate deposits on the Eldor Property would allow for significant synergies in CAPEX and OPEX, thereby bringing the overall costs down considerably in the event both assets were developed. The Plan Nord initiative, which has a focus on fostering the development of Quebec’s northern mineral resources, could soon have another good reason to consider Commerce Resources in its infrastructure development plans.
Niobium can deliver powerful economic and environmental benefits in applications where it is used. For example, according to the World Steel Association, approximately $9 USD of niobium added to a mid-sized automobile can reduce its weight by 100 kg. That helps increase its fuel efficiency by 5%. And that‘s a huge return to consumers and our environment. As a commodity, niobium enjoys relatively stable pricing at attractive levels. It also is characterized by robust and diverse global markets, solid forecast growth rates, relatively limited substitution risk, and multiple applications across environmentally preferred technologies.
The commodity no one knows about but everybody wants to buy
By Thomas Biesheuvel & Jesse Riseborough for Bloomberg on May 18, 2016
The world’s mines and steel plants got so devalued during the commodity slump that some were just given away by owners struggling to cut losses or debt. But there’s at least one metal that’s been attracting a lot of attention.
Niobium -- named for a Greek goddess who became a symbol of the tragic mourning mother -- is used to produce stronger, lighter steel for industrial pipes and aircraft parts. It is mined in only three places on Earth, and the price of every kilogram is seven times higher than copper.
China Molybdenum Co. outmaneuvered at least 15 companies last month to purchase Anglo American Plc’s niobium and phosphate unit in Brazil, agreeing to pay $1.5 billion, or 50 percent more than the valuation by some analysts. The buying frenzy that included Vale SA, Apollo Global Management LLC and X2 Resources showcased the growing appeal of a market that may be worth $4 billion for a soft, silvery metal many experts don’t know much about.
“I didn’t know what niobium was, and I had been in the minerals industry for 20 years before this opportunity came across my desk,” said Craig Burton, the chairman of Cradle Resources Ltd., which is seeking to develop the $200 million Panda Hill niobium project in Tanzania.
“I had to actually open up the periodic table just to double-check that it was an element. It definitely is a boutique space.”
Niobium is hard to find and hard to value. More than 80 percent of global supply comes from one company -- Cia. Brasileira de Metalurgia & Mineracao in Brazil. Metal Bulletin Ltd., which publishes prices for metals as obscure as bismuth and germanium, says there’s not enough liquidity to report one for niobium.
The metal averaged about $40 a kilogram last year, according to Cradle Resources, which is based in Perth, Australia. An equivalent amount of copper on the London Metal Exchange fetched about $5.49. Global demand for niobium is about 90,000 to 100,000 metric tons annually.
Three Mines
Still, prices fell last year because of the weak demand for steel, as slumping oil and gas markets led to fewer metal pipe purchases, according to Anglo American, which wants to raise cash to cut debt after a collapse in commodity prices. Almost all the metal comes from just three mines in Brazil and Canada, allowing dominant producer CBMM to match supply to demand and influence prices.
Among the companies outbid by China Molybdenum were Mosaic Co., the world’s largest producer of phosphate fertilizer, South32 Ltd. and Eurochem Group AG, people familiar with the process said.
The sale was highly competitive, said two people involved, who asked not to be identified because the matter was private.
The winning offer exceeded the estimates of analysts at Bank of America Corp. and Investec Plc. RBC Capital Markets said the assets were among the best that London-based Anglo has offered.
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.”
Commerce Resources samples high-grade niobium outside its Ashram rare earths deposit
By Greg Klein for ResourceClips on September 13, 2016
A serene-looking camp contrasts with activity elsewhere on Commerce Resources’ Eldor property.
A “spectacular” niobium assay has Commerce Resources TSXV:CCE enthused about an exploration target one kilometre from its Ashram rare earths deposit. A sampling program on the northern Quebec Eldor property strengthens the Miranna area’s niobium-tantalum-phosphate potential, with results up to 5.9% niobium pentoxide. But excited as the company is, work continues to focus on Ashram’s pre-feasibility studies.
“That’s the highest grade niobium sample I have ever seen on the planet,” says president Chris Grove. “I’ve never seen anything higher. This is spectacular.”
Of 64 samples, 40 assayed above 0.5% Nb2O5, with 16 surpassing 1%. The program also found significant grades of tantalum, phosphate and rare earth oxides. Two samples each graded above 1,000 ppm Ta2O5 and 1% Nb2O5, while several samples revealed more than 10% P2O5.
The samples also showed appreciable REE mineralization associated with the niobium, Commerce added.
The finding brings to mind the origin of Commerce, which was created around the Upper Fir project in southeastern British Columbia. The property’s Blue River tantalum-niobium deposit reached PEA in 2011 and a resource update in 2013.
Niobium’s price explosion in late 2006 sent Commerce looking for additional deposits, Grove says. That led the company to Eldor. But Ashram’s initial drill results switched the focus to rare earths.
And while Miranna now presents additional multi-commodity potential, work will continue to focus on Ashram’s pre-feas, Grove emphasizes.
The Miranna samples come from a glacial train of niobium-tantalum-phosphate mineralized boulders believed to be near their source. Some mineralized samples hold magnetite, suggesting a magnetic signature to the source. The company says a magnetic high immediately south, which appears to coincide with the train’s apex, could mark the bedrock source.
Previous mineralogical work indicates that Miranna’s niobium and tantalum mineralization is hosted by pyrochlore, the world’s dominant mineral source of niobium, Commerce stated. The pyrochlore’s coarse grains would also benefit recovery.
Meanwhile work continues at Ashram, where a near-surface program of 14 holes totalling 1,600 metres began last month. Metallurgical studies at a mini-pilot plant have simplified the project’s flowsheet.
Busy on a number of fronts, a company priority remains producing samples to send to potential JV or offtake partners, who might then take part in the pre-feas.
“It would make sense to have a potential partner offer input on what our production scenario would be,” Grove points out.
“We have a huge deposit and we can go bigger, go smaller or stay the same. So advice from a potential partner does make sense before we actually complete the pre-feas.”
Using a 1.25% cutoff, Ashram’s 2012 resource shows 1.59 million tonnes averaging 1.77% total rare earth oxides measured, 27.67 million tonnes averaging 1.9% indicated and 219.8 million tonnes averaging 1.88% inferred. The near-surface deposit remains open to the north and south, and at depth.
Ashram hosts REEs largely in monazite and to a lesser extent bastnasite and xenotime, minerals that dominate commercial extraction.
Ashram’s distribution shows enrichment in the critical and magnet feed elements neodymium, praseodymium, europium, terbium, dysprosium and yttrium.
Read more about Commerce Resources.
Company Details
Commerce Resources Corp.
#1450 - 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
Phone: +1 604 484 2700
Email: cgrove@commerceresources.com
www.commerceresources.com
Shares Issued & Outstanding: 259,508,950
Canadian Symbol (TSX.V): CCE
Current Price: $0.07 CAD (09/20/2016)
Market Capitalization: $18 million CAD
German Symbol / WKN (Frankfurt): D7H / A0J2Q3
Current Price: €0.045 EUR (09/20/2016)
Market Capitalization: €12 million EUR
Previous Coverage
Research #19 “Carbonatites: The Cornerstones of the Rare Earth Space“
Research #18 “REE Boom 2.0 in the making?“
Research #17 “Quebec Government starts working with Commerce“
Research #16 “Glencore to trade with Commerce Resources“
Research #15 “First Come First Serve“
Research #14 “Q&A Session About My Most Recent Article Shedding Light onto the REE Playing Field“
Research #13 “Shedding Light onto the Rare Earth Playing Field“
Research #12 “Key Milestone Achieved from Ashram’s Pilot Plant Operations“
Research #11 “Rumble in the REE Jungle: Molycorp vs. Commerce Resources – The Mountain Pass Bubble and the Ashram Advantage“
Research #10 “Interview with Darren L. Smith and Chris Grove while the Graveyard of REE Projects Gets Crowded“
Research #9 “The REE Basket Price Deception & the Clarity of OPEX“
Research #8 “A Fundamental Economic Factor in the Rare Earth Space: ACID“
Research #7 “The Rare Earth Mine-to-Market Strategy & the Underlying Motives“
Research #6 “What Does the REE Market Urgently Need? (Besides Economic Sense)“
Research #5 “Putting in Last Pieces Brings Fortunate Surprises“
Research #4 “Ashram – The Next Battle in the REE Space between China & ROW?“
Research #3 “Rare Earth Deposits: A Simple Means of Comparative Evaluation“
Research #2 “Knocking Out Misleading Statements in the Rare Earth Space“
Research #1 “The Knock-Out Criteria for Rare Earth Element Deposits: Cutting the Wheat from the Chaff“
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DIRECTION NIOBAY METALS INC., HAS TAKEN:
Company Search: Niobay Metals Inc.
Industry Group: All
Document Selection: All Sorted: By Issuer
Date From: November 28 2015
Date To: November 28 2016
Search results 1-100
Company Name Date of Filing Time of Filing Document Type File Format File Size
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (E)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (E)
PDF 85 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (F)
PDF 83 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (F)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 79 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 96 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 96 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 82 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:42:41 ET
Annual information form - English
PDF 578 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - English
PDF 1265 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - French
PDF 1381 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Certificate re dissemination to shareholders
PDF 65 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Certificate re dissemination to shareholders
PDF 19 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - English
PDF 229 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - English
PDF 363 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - French
PDF 400 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - French
PDF 417 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:18:50 ET
Interim financial statements/report - English
PDF 451 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - English
PDF 436 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - English
PDF 358 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:18:50 ET
Interim financial statements/report - French
PDF 526 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - French
PDF 511 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - French
PDF 770 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 162 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 152 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 87 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - English
PDF 532 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - English
PDF 543 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - French
PDF 506 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - French
PDF 700 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - English
PDF 107 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - English
PDF 579 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - English
PDF 44 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - English
PDF 60 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - English
PDF 395 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - French
PDF 108 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - French
PDF 573 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - French
PDF 46 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - French
PDF 61 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - French
PDF 514 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:15 ET
MD&A - English
PDF 295 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - English
PDF 302 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - English
PDF 242 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - English
PDF 329 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:15 ET
MD&A - French
PDF 390 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - French
PDF 397 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - French
PDF 176 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - French
PDF 273 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - English
PDF 332 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - French
PDF 280 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - English
PDF 301 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - English
PDF 296 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - English
PDF 392 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 18 2016 13:46:55 ET
News release - English
PDF 287 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - English
PDF 119 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - English
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - English
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - English
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - English
PDF 352 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - French
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - French
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - French
PDF 393 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - French
PDF 120 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - French
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 15 2016 09:06:13 ET
News release - French
PDF 292 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - French
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - French
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - English
PDF 422 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - English
PDF 149 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - French
PDF 357 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - French
PDF 151 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 14:11:00 ET
Notice of the meeting and record date - English
PDF 285 K
Niobay Metals Inc. (formerly MDN INC.) Mar 24 2016 12:55:18 ET
Notice of the meeting and record date - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Apr 14 2016 14:32:16 ET
Notice of the meeting and record date (amended) - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
ON Form 13-502F1 (Class 1 Reporting Issuers - Participation Fee)
PDF 671 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
PDF 216 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
PDF 229 K
Niobay Metals Inc. (formerly MDN INC.) Oct 4 2016 16:50:15 ET
Other securityholders documents - French
PDF 46 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:06:23 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
Niobay Metals Inc. (formerly MDN INC.) Jun 29 2016 16:53:52 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
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PART LIST OF TRADES:
Company Search: Niobay Metals Inc.
Industry Group: All
Document Selection: All Sorted: By Issuer
Date From: November 28 2015
Date To: November 28 2016
Search results 1-100
Company Name Date of Filing Time of Filing Document Type File Format File Size
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (E)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (E)
PDF 85 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (F)
PDF 83 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (F)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 79 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 96 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:56 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 96 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 82 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:42:41 ET
Annual information form - English
PDF 578 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - English
PDF 1265 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - French
PDF 1381 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Certificate re dissemination to shareholders
PDF 65 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Certificate re dissemination to shareholders
PDF 19 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - English
PDF 229 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - English
PDF 363 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - French
PDF 400 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - French
PDF 417 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:18:50 ET
Interim financial statements/report - English
PDF 451 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - English
PDF 436 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - English
PDF 358 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:18:50 ET
Interim financial statements/report - French
PDF 526 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - French
PDF 511 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - French
PDF 770 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 162 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 152 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 87 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - English
PDF 532 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - English
PDF 543 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - French
PDF 506 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - French
PDF 700 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - English
PDF 107 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - English
PDF 579 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - English
PDF 44 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - English
PDF 60 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - English
PDF 395 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - French
PDF 108 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - French
PDF 573 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - French
PDF 46 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - French
PDF 61 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - French
PDF 514 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:15 ET
MD&A - English
PDF 295 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - English
PDF 302 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - English
PDF 242 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - English
PDF 329 K
Niobay Metals Inc. (formerly MDN INC.) Nov 25 2016 15:20:15 ET
MD&A - French
PDF 390 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - French
PDF 397 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - French
PDF 176 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - French
PDF 273 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - English
PDF 332 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - French
PDF 280 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - English
PDF 301 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - English
PDF 296 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - English
PDF 392 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 18 2016 13:46:55 ET
News release - English
PDF 287 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - English
PDF 119 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - English
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - English
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - English
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - English
PDF 352 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - French
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - French
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - French
PDF 393 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - French
PDF 120 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - French
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 15 2016 09:06:13 ET
News release - French
PDF 292 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - French
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - French
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - English
PDF 422 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - English
PDF 149 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - French
PDF 357 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - French
PDF 151 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 14:11:00 ET
Notice of the meeting and record date - English
PDF 285 K
Niobay Metals Inc. (formerly MDN INC.) Mar 24 2016 12:55:18 ET
Notice of the meeting and record date - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Apr 14 2016 14:32:16 ET
Notice of the meeting and record date (amended) - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
ON Form 13-502F1 (Class 1 Reporting Issuers - Participation Fee)
PDF 671 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
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Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
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Niobay Metals Inc. (formerly MDN INC.) Oct 4 2016 16:50:15 ET
Other securityholders documents - French
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Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:06:23 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
Niobay Metals Inc. (formerly MDN INC.) Jun 29 2016 16:53:52 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
INVESTOR BULLETIN Insider Transactions and Forms 3, 4, and 5
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help educate investors about SEC Forms 3, 4, and 5.
The federal securities laws require certain individuals (such as officers, directors, and those that hold more than 10% of any class of a company’s securities, together we’ll call, “insiders”) to report purchases, sales, and holdings of their company’s securities by filing Forms 3, 4, and 5. What’s a Form 3? When a person becomes an insider (for example, when they are hired as an officer or director), they must file a Form 3 to initially disclose his or her ownership of the company’s securities. Form 3 must be filed within 10 days after the person becomes an insider. What’s a Form 4? In most cases, when an insider executes a transaction, he or she must file a Form 4. With this form filing, the public is made aware of the insider’s various transactions in company securities, including the amount purchased or sold and the price per share. Form 4 must be filed within two business days following the transaction date. Transactions in a company’s common stock as well as derivative securities, such as options, warrants, and convertible securities, are reported on the form. Each transaction is coded to indicate the nature of the transaction.
Codes Following is a description of some commonly used “transaction codes.” For more transaction codes and a more detailed explanation for the various codes, please see the General Instructions to Form 4 at www.sec.gov/about/forms/form4data.pdf.
Transaction Code Transaction A Grant, award, or other acquisition of securities from the company (such as an option) K Equity swaps and similar hedging transactions P Purchase of securities on an exchange or from another person S Sale of securities on an exchange or to another person D Sale or transfer of securities back to the company F Payment of exercise price or tax liability using portion of securities received from the company M Exercise or conversion of derivative security received from the company (such as an option) G Gift of securities by or to the insider V A transaction voluntarily reported on Form 4 J Other (accompanied by a footnote describing the transaction)
What’s a Form 5? A Form 5 is generally due to the SEC no later than 45 days after the company’s fiscal year ends and is only required from an insider when at least one transaction, because of an exemption or failure to earlier report, was not reported during the year. For example, some transactions, such as certain purchases by an insider of less than $10,000 in a six-month period, don’t have to be reported on Form 4 when they occur but do have to be reported on Form 5. The Form 5 filing doesn’t have to disclose transactions that have been previously reported. When reporting transactions on Form 5, insiders use the same transaction codes as when reporting on Form 4.
What can investors do? Before investing, investors may wish to research insider ownership to consider the extent of insiders’ economic stake in the success of the company, as reflected both in outright ownership and transactions (such as equity swaps) that may hedge the economic risk of that ownership. Many investors believe that reports of insiders’ purchases and sales of company securities can provide useful information as to insiders’ views of the performance or prospects of the company. Of course, insiders may sell company securities for any number of reasons, including for liquidity and diversification purposes. Forms 3, 4, and 5 are publicly available through the SEC’s EDGAR database at www.sec.gov/ edgar/searchedgar/webusers.htm.
Related Information In addition to the SEC’s EDGAR database, there also are many third-party websites that offer insider ownership and transaction information. If you enter the words “insider reports” into most Internet search engines, you’ll quickly find websites that can provide this information.
For more information on the reporting requirements for officers, directors, and beneficial owners, you can read Section 16 of the Exchange Act at www.sec.gov/about/laws/sea34.pdf. You can download blank PDF versions of Form 3, Form 4, and Form 5 as well as the instructions to these forms by visiting www.sec.gov/divisions/ corpfin/forms/exchange.shtml.
We offer educational materials so that investors can develop an understanding of the securities industry and learn how to avoid costly mistakes and fraud. Our educational materials also provide tips on how investors can invest wisely. Investors can order our free publications by calling (800) 732-0330, or access them on the Internet through the SEC’s Investor.gov website. For additional educational information for investors, see the SEC’s Investor.gov website or the Office of Investor Education and Advocacy’s homepage at www.sec.gov/investor.shtml.
The Office of Investor Education and Advocacy has provided this information as a service to investors. It is neither a legal interpretation nor a statement of SEC policy. If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities or tax law.
SEC
INSIDER TRADING DONE BY OFFICERS: NOV 29, 2016
All Insiders Activity for Niobay Metals Inc. (NBY:CA)
$ 0.86 -0.03 (-3.37%) Volume: 21.4k 11:29 AM EST Nov 28, 2016
Name: All Bertoni, Carlos Bonneau, Jacques Branchaud, René David, Jean-Sébastien Dufresne, Claude Girard, Paul Armand Gobeil, Paul LaValliere, Robert Michaud, Claude Mitchell, Bruce Moreau, Dominique Savard, Serge William, Timothy Charles Transaction: All Types All Buys All Buys (exclude derivatives) All Sells All Sells (exclude derivatives) Acquisition by inheritance or disposition by bequest Acquisition or disposition (writing) of third party derivative Acquisition or disposition by gift Acquisition or disposition carried out privately Acquisition or disposition in the public market Acquisition or disposition pursuant to a take-over bid, merger or acquisition Acquisition or disposition under a prospectus Acquisition or disposition under a prospectus exemption Acquisition or disposition under a purchase/ownership plan Change in the nature of ownership Compensation for property Compensation for services Conversion or exchange Correction of information Exercise for cash Exercise of options Exercise of rights Exercise of third party derivative Exercise of warrants Expiration of options Expiration of rights Expiration of third party derivative Expiration of warrants Grant of options Grant of rights Grant of warrants Opening Balance-Initial SEDI Report Other Other settlement of third party derivative Redemption, retraction, cancellation, repurchase Short sale Stock dividend Stock split or consolidation
Date Name: Shares Transaction Value
06/14/16 Dufresne, Claude,
Director of Issuer 500,000 Grant of options at $0.07 - $0.07 per share. $35,000
06/14/16 Dufresne, Claude,
Director of Issuer 500,000 Grant of options at $0.07 - $0.07 per share. $35,000
07/14/14 Dufresne, Claude,
Director of Issuer 715,150 Acquisition or disposition carried out privately at $0.0699 - $0.0699 per share. $49,989
07/14/14 Dufresne, Claude,
Director of Issuer 533,350 Acquisition or disposition under a prospectus exemption at $0.075 - $0.075 per share. $40,001
07/14/14 Dufresne, Claude,
Director of Issuer 715,150 Acquisition or disposition under a prospectus exemption at $0.0699 - $0.0699 per share. $49,989
07/14/14 Dufresne, Claude,
Director of Issuer 715,150 Acquisition or disposition under a prospectus exemption at $0.0699 - $0.0699 per share. $49,989
07/14/14 Dufresne, Claude,
Director of Issuer 715,150 Acquisition or disposition carried out privately at $0.0699 - $0.0699 per share. $49,989
05/12/14 Dufresne, Claude,
Senior Officer of Issuer 700,000 Grant of options at $0.05 - $0.05 per share. $35,000
05/12/14 Dufresne, Claude,
Director of Issuer 700,000 Grant of options at $0.05 - $0.05 per share. $35,000
05/12/14 Dufresne, Claude,
Director of Issuer 700,000 Grant of options at $0.05 - $0.05 per share. $35,000
05/12/14 Dufresne, Claude,
Director of Issuer 700,000 Grant of options at $0.05 - $0.05 per share. $35,000
05/12/14 Dufresne, Claude,
Senior Officer of Issuer 700,000 Grant of options at $0.05 - $0.05 per share. $35,000
05/12/14 Dufresne, Claude,
Director of Issuer 700,000 Grant of options N/A
05/12/14 Dufresne, Claude,
Director of Issuer 700,000 Grant of options N/A
View Section 16 Filings (Forms 3,4,5) for NBY:CA Insider Summary For NBY:CA
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated (View delay times for all exchanges). RT Real-Time, RTB Real-Time BATS BZX Price/Quote; not sourced from all markets, RTN Real-Time NASDAQ Price/Quote; not sourced from all markets, EOD End Of Day, PD Previous Day. H Halted, r Restriction started today, r Restriction carried over from prior day . Market Data powered by QuoteMedia. Insiders by Morningstar (USA) and SEDI(CDN). Terms of Use.
COMPARE NIOBIUM MINES:
rockstone-research.com/index.php/en/research-reports/1628-Commerce-Resources-records-highest-niobium-mineralized-sample-to-date-at-Miranna
NOV, 2016
Commerce Resources Corp. Updates Programs for the Upper Fir Tantalum-Niobium Project, Blue River, British Columbia
Commerce Resources Corp.
Highlights
Mineralogical variability studies show that the composites tested achieved similar recoveries (i.e. both by weight and grades of niobium and tantalum) to the partially optimized rougher flotation process established during the previous phase 1 and 2 metallurgical programs.
Over 90% of the composites tested achieved rougher recoveries which exceeded 96% tantalum and 92% niobium within the tantalum/niobium circuit only.
The amount of tantalum and niobium metals reporting to the flotation feed is relatively constant at about 81.4% for tantalum and 80.6% for niobium
The Mineral Resource update underway at AMEC will include results of exploration in 2012, as well as 34 drill holes (totalling 8,715 m) of infill drilling completed in 2011 and not included in the previous resource.
VANCOUVER, March 27, 2013 /CNW/ - Commerce Resources Corp. (TSXv: CCE, FSE: D7H, OTCQX: CMRZF) (the "Company" or "Commerce") is pleased to provide a further update on recent work completed at its Blue River Project since release of the National Instrument (NI) 43-101 compliant Mineral Resource update (Commerce news release July 6, 2012) for the Upper Fir Deposit. Newly completed mineralogical variability studies show that the partially optimized flotation flow sheet which formed the base of the metallurgical analysis in the Preliminary Economic Assessment (Commerce news release November 3, 2011), and which was further optimized during Phase 2 test work (reported December 3, 3012) shows good applicability across the range of mineralogies tested.
The geological, engineering, metallurgical and environmental programs carried out in 2012 provide broad support to the advancement of exploration and development at the Company's wholly owned Blue River Project, east-central British Columbia. The new metallurgical results continue to strengthen the foundation of broadly based technical knowledge developed in 2012, and after completion of the mineral resource update currently in progress by independent consultants AMEC Americas Ltd. ("AMEC"), will be sufficient to support the initiation of a pre-feasibility study (PFS).
"We are pleased with these new results from what has been a significant amount of work accomplished in the past year. These metallurgical results provide additional upside to the positive test work previously reported in the PEA, a major milestone in our progress to develop the Upper Fir. The post-PEA metallurgical results reinforce Commerce's belief that we are in the process of building a very important long-term source of conflict free and ethical tantalum which could potentially supply 10% of the current world's market for the long term." says Dave Hodge, Commerce's President. "We will be extremely interested in the upcoming resource update from AMEC which will be based on all work to date."
The Blue River Property is host to the Upper Fir Tantalum and Niobium Deposit, which was discovered in 2002 and which has been the focus of the Company's activities since 2005. In fiscal 2012 Commerce spent approximately $3.8M on the Property.
Metallurgical Test Work in 2012
Metallurgical work in 2012 has continued to update and optimize the process flow sheet described in the NI 43-101 compliant Preliminary Economic Assessment ("PEA") study completed by AMEC on the Blue River Project (effective date of September 29, 2011; see Commerce news release of November 3, 2011). The process flow sheet for the recovery of the tantalum and niobium described in the PEA was developed in 2011 based on Phase 1 studies.
In April 2012, Commerce commissioned Acme Metallurgical Ltd ("Acme Met") of Vancouver, BC to initiate a Phase 2 investigation. This was designed to follow-up the successful results of the earlier program which had tested flotation as the preferred method to remove the larger portion of fine slimes and carbonatite minerals early in the process. Subsequent process steps could then focus on material containing Ta and Nb.
Phase 2 testing optimized the use of desliming and carbonate rejection flotation, as well as chemical reagent dosages to increase the efficiency of rougher/cleaner Ta/Nb flotation. This work enabled finalization of the process flow sheet developed in Phase 1 which was based on composite samples BS-2F and BS 2G. All Phase 2 work was conducted on these same composites and all tests were conducted at a grind size of 80% passing 130 microns. These results were reported in a news release dated the 3rd of December 2012.
Mineralogical Variability Testing
A total of 767 samples of drill core rejects from the Upper Fir deposit were combined into thirty-six composites (selected to represent five different end member mineralogies within the deposit) and subjected to flotation testing. This variability testing, initiated in April 2012 and completed in January 2013, had the primary objective of determining the composites' response to the partially optimized flotation procedure established during the Phase 1 and 2 metallurgical programs completed in 2011 and 2012 and previously reported.
Key Areas of Variability Investigation and Results:
Desliming and Mass Rejection
The majority of the composites are amenable to the standard one stage cyclone desliming process with rejection of 17.2% of the weight as slimes, containing 7.2% of the tantalum and 6.9% of the niobium. Variation of the weight rejected is minimal between composites with no significant effect from grind sizes or mineralogy.
The total carbonate mass rejection is proportional to the amount of carbonate and phosphate materials in the feed, with the average weight of carbonate concentrate floated and rejected for all composites being 53.2% of the mass, with losses of 11.4% for tantalum and 12.5% of niobium. Metals losses were directly proportional to the weight of concentrate removed and independent of head grades.
Carbonate Concentrate Cleaning
Cleaning of the carbonate concentrate was not performed during this testing campaign, however, the scavenger stage of flotation represented about 40% of the total weight floated, containing about two thirds of the metal losses. This is indicative of mechanical losses due to strong scavenging action and entrainment.
It is strongly recommended that cleaning of the concentrate be kept in the flow sheet to reduce these losses. Recycling the cleaner tails to the Ta:Nb flotation feed might account for 2% to 6% of the metals in the feed.
Feed to Tantalum:Niobium Flotation
Though the weight of material left after slimes and carbonate removal does vary with the type of mineralogy, it overall averages 29.5%. The amount of metals reporting to Ta:Nb flotation nevertheless remains fairly constant at about 81.4% for tantalum and 80.6% for niobium. Losses of metals to that point are proportional to the weights removed and thus statistically inversely proportional to head grades.
Within the Ta:Nb rougher and cleaner flotation circuit only, over 90% of the composites achieved rougher grade Ta:Nb recoveries which exceeded 96% for Ta and 92% for Nb.
Magnetic Separation
The final stage of magnetic separation also increased the final concentrate grade with minimal loss of the Ta and Nb minerals. This supports results from Phase 2 work in which approximately 50% of the final concentrate mass was removed with minimal Ta/Nb loss.
Acme Metallurgical Recommendations
Acme Met recommends that further optimization work be undertaken as follows:
The carbonate flotation stage appears to require a lower dosage of the oleic acid collector as tantalum and niobium minerals are likely trapped and entrained with the tight froth generated by the over dosage of oleic acid.
The balance of flotation reagents diamine acetate (Duomac T- as collector) and fluosilicic acid (H2SiF6 as pH modifier/silicates depressant) in the Ta:Nb cleaning circuit should be investigated as metals losses are mostly observed between pH 4 to 3.
A fifth and sixth stage of cleaning should be investigated to achieve a grade of 35% combined Nb-Ta oxides.
Locked cycle tests should be completed to provide clear indication of reagents consumption as each stage.
Full assaying of final concentrate products, particularly for sulphur and rock-forming elements, could provide additional information which would help orient further investigations.
Upcoming Mineral Resource Update
A Mineral Resource Update and subsequent technical report which will incorporate all data from 2005 through 2012 is currently underway by AMEC with completion targeted for the second quarter of 2013. This work will build from the previous Mineral Resource Update technical report (effective date June 22, 2012) in which AMEC compared results from the 34 holes totalling 8,715m drilled in 2011, after the closure of the resource database to the updated resource model and found them to be reasonably consistent with the geology predicted by the model.
2011 PEA Outcomes
The Preliminary Economic Assessment ("PEA) was prepared to define an overall proof of concept for further development of the Blue River Project. The PEA (effective date September 29, 2011) indicated that the deposit can be developed economically as an underground mine and recommended future studies to support a pre-feasibility level assessment of the project. The assessment included geological and mineral resource modeling, preliminary mine planning, a description of metallurgical test work and process design, a summary of environmental baseline work to date, and estimates for capital and operating costs. As well, it determined the economics to develop the project as an underground mine with process facility, and included an estimate of the direct cash costs to produce tantalum contained in a technical grade oxide product.
Property
The Blue River Project is located near the village of Blue River, which is approximately 250 km north of the city of Kamloops and approximately 90 km south of the town of Valemount. The Project comprises 105,373 hectares (1,000 km2) of mineral claims. Power transmission lines, rail, and paved and gravel roads are all adjacent to, or within the property boundaries. Transalta Corp.'s 18 MW Bone Creek run-of-river hydroelectricity project near the project was commissioned in June 2011.
NI 43-101 Disclosure
Ms. Jenna Hardy, M.Sc., P.Geo., Commerce Resources Corp., is a Qualified Person as defined by National Instrument 43-101, read and approved the disclosure of the technical information in this news release.
About Commerce Resources Corp.
Commerce Resources Corp. is an exploration and development company with a particular focus on tantalum, niobium and rare metal deposits with potential for economic grades and large tonnages. The Company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit in British Columbia and its Ashram Rare Earth Element Project in northern Quebec.
On Behalf of the Board of Directors
COMMERCE RESOURCES CORP.
"David Hodge"
David Hodge
President and Director
Tel: 604.484.2700
Email: dhodge@commerceresources.com
RING OF FIRE: PLANNER[color=red][/color]
Exploration Update
Noront has completed a deep platform drill hole to investigate the UTEM-5 anomaly at its AT5 target. This hole was drilled sub-parallel to the favourable footwall contact in order to be used for follow up geophysical surveys and wedge cuts, as warranted. Drilling was completed to a depth of 1,300 metres with the ultramafic contact being intersected at 828 metres depth. A recently completed down-hole electro-magnetic survey identified an off-hole anomaly of moderate size and conductance at approximately 1,000 metres depth. The nature and size of the anomaly and its association with the host ultramafic unit is suggestive of a sulfide system which appears to be strengthening to the southwest.
The Company will expand its surface UTEM-5 survey to the southwest to test for massive sulfide which may be connected to this conductor at depth prior to initiating any wedge cuts or further drilling. Planning for this surface UTEM-5 survey extension is underway and the survey should be completed in the next week.
“Our approach for identifying deep conductors in geologically favorable nickel-copper sulfide environments is working well,” said Vice President of Exploration, Ryan Weston. “We are using deep-seeing, industry-leading time-domain EM geophysical surveys. Follow-up bore-hole surveying resolved the surface UTEM-5 anomaly significantly and is allowing us to focus in on possible mineralization at depth at AT5.”
Private Placement
The Company is pleased to announce the closing of a private placement of 3,000,000 units at a price of $0.32 per unit (“Units”) for gross proceeds of $960,000 which it intends to use for development activities and working capital purposes.
Each Unit is comprised of one common share and one common share purchase warrant, each whole warrant entitling the holder to purchase one common share at a price of $0.40 per share on or before September 28, 2019. The common shares are subject to a statutory hold period of four months plus one day which will expire on January 29, 2017.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
About Noront Resources
Noront Resources Ltd. is focused on development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and its high-grade chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. For more details about the company please visit www.norontresources.com.
Ryan Weston, M.Sc., MBA, P.Geo., VP, Exploration of Noront, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), and has reviewed and approved the technical information contained in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
RING OF FIRE: PLANNER
Ring of Fire Development
Noront continues to work closely with the provincial government and First Nation communities to gain commitment on a shared use access road. As previously announced the company is planning for the construction of its first mine, Eagle’s Nest, in 2018 which it expects will be followed by the development of its Blackbird chromite mine. To meet its internal deadlines, Noront requires construction of the shared access road to begin in early 2018.
“We recently reviewed a new mandate letter sent by the Premier of Ontario to the Minister of Northern Development and Mines and we were pleased to see ‘Developing the Ring of Fire’ listed as the top priority,” said Noront President and CEO, Alan Coutts.
The Premier set a target for commencing road work to access the region by 2018 that dovetails with Noront’s planned construction timetable for Eagle’s Nest. In order for the provincial government to meet their timeline for the access road, Noront believes that environmental assessment work must start in early 2017. The company is therefore, urging the government to table a proposal for the shared use access road before the end of this year.
NOV 2016,
What’s Ahead for Niobay Metals Inc After Today’s Huge Increase?
?November 17, 2016 ?Marguerite Chambers
What's Ahead for Niobay Metals Inc After Today's Huge Increase?
The stock of Niobay Metals Inc (CVE:NBY) is a huge mover today! About 70,450 shares traded hands or 2.99% up from the average. Niobay Metals Inc (CVE:NBY) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
The move comes after 8 months positive chart setup for the $30.14 million company. It was reported on Nov, 17 by Barchart.com. We have $2.63 PT which if reached, will make CVE:NBY worth $44.61M more.
More recent Niobay Metals Inc (CVE:NBY) news were published by: Marketwired.com which released: “MDN Announces Name Change, New Stock Symbol and Share Consolidation” on September 20, 2016. Also Marketwired.com published the news titled: “MDN Announces Special Meeting of Shareholders” on July 19, 2016. Reuters.com‘s news article titled: “MDN announces name change, new stock symbol and share consolidation” with publication date: September 20, 2016 was also an interesting one.
Niobay Metals Inc, formerly MDN Inc, is a Canada mineral exploration company. The company has a market cap of $30.14 million. The Company’s business consists of acquiring, exploring and evaluating mining properties. It currently has negative earnings. The Firm is in the exploration and evaluation-stage.
BLESSINGS, THANKSGIVING , NOV 24, 2016
"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 [url]is not considered to be of world-class significance.1
[/url][tag]insert-text-here[/tag]
[url]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.
[/url][tag]insert-text-here[/tag]
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.
Site identification and general characteristics. Learn about deposits.
Niobium Columbium
Primary Commodity Group
Site
Record Type?
Plant
Development Status?
Beneficiation Mill
Plant Type?
Flotation
Plant Subtype?
Surface
Operation Type?
Open Pit
Mining Method?
Flotation
Milling Method?
1963
Year Discovered?
1220400010
MAS ID?
Not Significant
Significance?
Metallic
Site Commodity Type?
Information inserted by MAS MIGRATION on 3/12/2002 and last updated by USGS on 4/28/2003.
Map of "James Bay Pyrochlore" Niobium (Columbium) Deposit In Ontario, Canada?
?
"James Bay Pyrochlore" Niobium (Columbium) Deposit In Ontario, Canada Map
Click map for an interactive map.
© Mapbox © OpenStreetMap
Additional textual information about a site or deposit.
Line? Category? Comment?
1 Deposit THERE ARE NO EXISTING FACILITIES AT THE SITE. BEFORE OPERATIONS COULD START, AN ACCESS ROAD OF 40KM TO THE RAIL- STATION AT MOOSE RIVER WOULD HAVE TO BE CONSTRUCTED ALONG WITH A 25KV TRANSMISSION LINE OF 40KM AND TRUCK LOADING AND UNLOADING FACILITES ALSO AT THE RAIL STATION AT MOOSE RIVER.
1 Geology THE JAMES BAY PYROCHLORE COMPLEX APPEARS TO BE THE RESULT OF A MULTIPLE INTRUSION OF SEGREGATED PYROXENITE- CARBONATITE MAGMA INJECTED IN A SERIES OF PULSES INTO AN EXISTING FAULT ZONE. THE FIRST PULSE IS REPRESENTED BY PYROXENITE, FOLLOWED BY A SECOND, OF CALCITIC CARBONATITE, CONTAINING PHLOGOPITE, SODA AMPHIBOLE AND PYROCHLORE. THE OREBODY OCCURS AT THE INTERSECTION OF THE RIFT WITH A NORTH-SOUTH FAULT THAT MODIFIES THE STRIKE OF THE RIFT.
1 Ownership OTHER OWNERS: MORRISON PETROLEUM LTD., CANRAY RESOURCES LTD., & ARGOR EXPLORATION.
NOV 22, 2016
Niobay Metals Inc on Focus After Trading At 52-Week Lows
?November 22, 2016 ?Hazel Jackson
Niobay Metals Inc on Focus After Trading At 52 Week Lows
The stock of Niobay Metals Inc (CVE:NBY) hit a new 52-week low and has $0.89 target or 6.00% below today’s $0.95 share price. The 8 months bearish chart indicates high risk for the $28.41 million company. The 1-year low was reported on Nov, 22 by Barchart.com. If the $0.89 price target is reached, the company will be worth $1.70M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 166,325 shares traded hands or 186.59% up from the average. Niobay Metals Inc (CVE:NBY) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
More news for Niobay Metals Inc (CVE:NBY) were recently published by: Marketwired.com, which released: “MDN Announces Name Change, New Stock Symbol and Share Consolidation” on September 20, 2016. Reuters.com‘s article titled: “MDN announces name change, new stock symbol and share consolidation” and published on September 20, 2016 is yet another important article.
Niobay Metals Inc, formerly MDN Inc, is a Canada mineral exploration company. The company has a market cap of $28.41 million. The Company’s business consists of acquiring, exploring and evaluating mining properties. It currently has negative earnings. The Firm is in the exploration and evaluation-stage.
NOV 20, 2016
Shares in Focus: Niobay Metals Inc. (TSXV:NBY)
?November 20, 2016 ?Stock Newsweek Staff
Active investors may be taking a second look at shares of Niobay Metals Inc. (TSXV:NBY). Checking in on some levels, the six month price index is currently at 4.48889. The six month price index is measured by dividing the current share price by the share price six months ago. A ratio above one indicates an increase in the stock price over the six month time frame. A ratio under one signals that the price has lowered over that same time frame.
We can also take a look at some stock volatility data on shares of Niobay Metals Inc. (TSXV:NBY). The 12 month volatility is currently 125.691700. The 6 month volatility is noted at 121.037800, and the 3 month is recorded at 92.101300. When following the volatility of a stock, investors may be challenged with trying to decipher the correct combination of risk-reward to help maximize returns. As with any strategy, it is important to carefully consider risk and other market factors that might be in play when examining stock volatility levels.
Investors may be looking at the Piotroski F-Score when doing value analysis. The F-Score was developed to help find company stocks that have solid fundamentals, and to separate out weaker companies. Piotroski’s F-Score uses nine tests based on company financial statements. Niobay Metals Inc. (TSXV:NBY) currently has a Piotroski F-Score of 1. One point is given for piece of criteria that is met. Typically, a stock with a high score of 8 or 9 would be seen as strong, and a stock scoring on the lower end between 0 and 2 would be viewed as weaker.
Shifting gears, Niobay Metals Inc. (TSXV:NBY) has an FCF quality score of -1.860387. The free quality score helps estimate the stability of free cash flow. FCF quality is calculated as the 12 ltm cash flow per share over the average of the cash flow numbers. When reviewing this score, it is generally thought that the lower the ratio, the better. Presently, Niobay Metals Inc. has an FCF score of 1.406129. The FCF score is determined by merging free cash flow stability with free cash flow growth. In general, a higher FCF score value would represent high free cash flow growth. Monitoring FCF information may help provide some excellent insight on the financial health of a specific company.
Investors might want to take a look at shares of Niobay Metals Inc. (TSXV:NBY) from a different angle. Let’s take a peek at the current Q.i. (Liquidity) Value. Niobay Metals Inc. (TSXV:NBY) has a Q.i. value of 50.00000. This value ranks stocks using EBITDA yield, FCF yield, earnings yield and liquidity ratios. The Q.i. value may help identify companies that are undervalued. A larger value would indicate low turnover and a higher chance of shares being priced incorrectly. A lower value may show larger traded value meaning more sell-side analysts may track the company leading to a lesser c
NOV 17, 2016
What’s Ahead for Niobay Metals Inc After Today’s Huge Increase?
?November 17, 2016 ?Marguerite Chambers
What's Ahead for Niobay Metals Inc After Today's Huge Increase?
The stock of Niobay Metals Inc (CVE:NBY) is a huge mover today! About 70,450 shares traded hands or 2.99% up from the average. Niobay Metals Inc (CVE:NBY) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.
The move comes after 8 months positive chart setup for the $30.14 million company. It was reported on Nov, 17 by Barchart.com. We have $2.63 PT which if reached, will make CVE:NBY worth $44.61M more.
More recent Niobay Metals Inc (CVE:NBY) news were published by: Marketwired.com which released: “MDN Announces Name Change, New Stock Symbol and Share Consolidation” on September 20, 2016. Also Marketwired.com published the news titled: “MDN Announces Special Meeting of Shareholders” on July 19, 2016. Reuters.com‘s news article titled: “MDN announces name change, new stock symbol and share consolidation” with publication date: September 20, 2016 was also an interesting one.
Niobay Metals Inc, formerly MDN Inc, is a Canada mineral exploration company. The company has a market cap of $30.14 million. The Company’s business consists of acquiring, exploring and evaluating mining properties. It currently has negative earnings. The Firm is in the exploration and evaluation-stage.
GOOD READ:
http://www.geologyontario.mndmf.gov.on.ca/mndmfiles/pub/data/imaging/OFR5157/OFR5157.pdf
Niobay Metals Inc Rises A lot Today, Is Now One of The Best Performer
?November 3, 2016 ?Ruchi Gupta
Niobay Metals Inc Rises A lot Today, Is Now One of The Best Performer
The stock of Niobay Metals Inc (CVE:NBY) is a huge mover today! About 16,300 shares traded hands. Niobay Metals Inc (CVE:NBY) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
The move comes after 5 months positive chart setup for the $35.50M company. It was reported on Nov, 3 by Barchart.com. We have $2.96 PT which if reached, will make CVE:NBY worth $55.03 million more.
More recent Niobay Metals Inc (CVE:NBY) news were published by: Marketwired.com which released: “MDN Announces Name Change, New Stock Symbol and Share Consolidation” on September 20, 2016. Also Marketwired.com published the news titled: “MDN Announces Special Meeting of Shareholders” on July 19, 2016. Reuters.com‘s news article titled: “MDN announces name change, new stock symbol and share consolidation” with publication date: September 20, 2016 was also an interesting one.
Niobay Metals Inc, formerly MDN Inc, is a Canada mineral exploration company. The company has a market cap of $35.50 million. The Company’s business consists of acquiring, exploring and evaluating mining properties. It currently has negative earnings. The Firm is in the exploration and
James Bay 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.
OCT 24, 2016
Archive | Ontario’s Ring of Fire Mineral Discovery ?
Ring of Fire could benefit from Laurentian University’s new Metal Earth project (CBC News Sudbury – September 8, 2016)
September 8, 2016 in Canada Mining, Canadian Media Resource Articles, Mining Education and Innovation, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery, Sudbury Laurentian University – Mining Faculties and Research
www.cbc.ca/news/canada/sudbury/
The mineral exploration community is welcoming news of a major mining research project. This week, Laurentian University announced it’s starting a seven-year initiative called Metal Earth.
The goal is to figure out more precisely where ore deposits are, making exploration less costly for companies. The president of the Sudbury Prospectors and Developers Association, Joshua Bailey, says it’s great to see more than $100-million being spent on mining research.
Bailey, who is also the vice-president of exploration with Wallbridge Mining and the head of the Ontario Prospectors Association, says there hasn’t been a lot of innovation in mineral exploration.
“A lot of the geophysics that we use was technology initially developed during World War 2, you know, looking for submarines and that sort of thing,” says Bailey. Continue Reading ?
Ring of Fire will happen: CEO – by Carol Mulligan (Sudbury Star – September 8, 2016)
September 8, 2016 in Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.thesudburystar.com/
Franco-Nevada Corp. chief executive officer and president David Harquail is “absolutely convinced” a mine will be built in the Ring of Fire, but realistic enough to believe it may be a future CEO who benefits from it.
Franco-Nevada loaned Noront Resources Ltd. US$22.5 million last year, at 7 per cent interest for five years. That was in return for a 3 per cent royalty on the Black Thor chromite deposit and a 2 per cent royalty of all Noront’s property in the region with the exception of Eagle’s Nest.
Noront purchased shares of Cliffs Chromite Ontario Inc. and Cliffs Chromite Far North Inc., independently owned subsidiaries of Cliffs Natural Resources, which held mining claims in the Ring of Fire, for US$20 million. The remaining US$2.5 million provided Noront with operating capital. Continue Reading ?
Northern Ontario cities chasing Noront’s ferrochrome smelter – by Ian Ross (Northern Ontario Business – September 6, 2016)
September 6, 2016 in Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
https://www.sudbury.com/
Four Northern Ontario cities have put the word in with Noront Resources that they would entertain being the host community for a ferrochrome smelter. Five Ontario cities, including four in Northern Ontario, have expressed interest in hosting a ferrochrome smelter for Ring of Fire developer Noront Resources.
“We haven’t excluded any sites yet, but it would be a brownfield site somewhere in Ontario,” said company president-CEO Al Coutts. “That’s our preference.” Coutts said they’ve been approached by “a number of parties” from Thunder Bay, Sault Ste. Marie, Timmins, Sudbury and Hamilton.
Factoring into the site selection process, he said, would be the availability of a skilled local workforce, having the electrical infrastructure already in place, and getting the power at the right price. “I like the concept of having something in Northern Ontario,” said Coutts. “Ultimately it’s going to depend too on what kind of power price agreement we can negotiate with the province.” Continue Reading ?
Watay Power out to electrify Northwestern FN communities – by Ian Ross (Northern Ontario Business – September 1, 2016)
September 1, 2016 in Aboriginal and Inuit Non-Mining Issues, Mining Power Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.northernontariobusiness.com/
A First Nations-owned transmission company is the Ontario government’s developer of choice to hook up remote communities in northwestern Ontario to the provincial power grid.
Wataynikaneyap Power LP (Watay) was selected in late July to be the transmitter to build a 1,800-kilometre network to bring power to more than 10,000 people in 17 remote communities who’ve been reliant for decades on expensive and unreliable local diesel generation.
For the last eight years, Watay and its chair Margaret Kenequanash have been leading the charge to make the $1.35-billion project a reality. They’ve steadily grown their ownership base to 22 First Nation communities and skillfully recruited transmission specialists Fortis Ontario and RES Canada to join their consortium.
“I think it’s exciting that we’re able to bring clean energy to our communities and that we can move forward with the development that’s required to build the line,” said Kenequanash. Continue Reading ?
The grandiose — but failed — 1960s plan by an Ontario war hero to settle a ‘second Canada’ below the Arctic – by Tristin Hopper (National Post – September 1, 2016)
September 1, 2016 in Canada Mining, Canadian Media Resource Articles, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://news.nationalpost.com/
If things had gone Richard Rohmer’s way in the 1960s, the Canada of 2016 could have been home to as many as 70 million people. Canada would have had a GDP rivalling that of the United Kingdom and new highways, new railways and new metropolises, all built in the sparsely populated boreal forest region that Rohmer came to call “Mid-Canada.” He would even help to spawn an entirely new type of citizen: The hearty, winter-loving “Mid-Canadian.”
Rohmer — a lawyer and decorated RCAF Wing Commander — was leading a charge to build a “second Canada” on top of the old one. “It was a very simple concept; the country needed long range policies and plans for the future orderly development of this vast land that we have,” said Rohmer, 92, speaking by phone from his home in Collingwood, Ont. This wasn’t just some dashed-off 60s-era flight of fancy, either.
In its heyday, Rohmer’s Mid-Canada plan attracted the attention of a who’s who of powerful Canadians: Captains of industry, bank CEOs, labour leaders, scientists and Aboriginal leaders and the patronage of former Prime Minister Lester Pearson and the Governor General. Continue Reading ?
Navigating the Ring of Fire road Map: We will lead the regional planning – by Chief Elizabeth Atlookan (NetNewsLedger.com – August 31, 2016)
September 1, 2016 in Aboriginal and Inuit Mining, Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.netnewsledger.com/
Elizabeth Atlookan is Chief of Eabametoong First Nation.
Eabametoong First Nation – VIEWPOINT – Can we offer some clarity? It seems as though each Northern Ontario news service has obtained and shared slightly differing views on, or excerpts from, our recent All Season Community Road Study. This set of news stories emerged last week while KWG was also promoting their work towards a rail corridor study (no bikinis this time).
The reality is that our Community Road Study has always been for the purpose of gathering existing engineering and land use data for enabling informed dialogue among the 4 First Nation communities regarding options and priorities for road connection. It was explicitly intended to consider options for connecting communities together, and to Provincial highways; not industrial use of future corridors.
Most reports emphasize the length of time it has taken for ‘anything to happen’ in the Ring of Fire. Let’s be clear, the only mining project in the ROF currently under Ontario’s regulatory processes is the Noront Eagle’s Nest mine and associated infrastructure. Their Environmental Assessment filings were made in 2012, and the Terms of Reference for the EA were amended and approved by the MOECC in June 2015. Continue Reading ?
Sudbury PoV: North wants results from Trudeau – Editorial by Don MacDonald (Sudbury Star – August 31, 2016)
August 31, 2016 in Northern Ontario Politics, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.thesudburystar.com/
Don MacDonald is the editor of the Sudbury Star.
In recent weeks, Sudbury and parts of Northern Ontario played hosts to Canada’s two most powerful Liberals. However, the way Premier Kathleen Wynne and Prime Minister Justin Trudeau were received is a study in contrasts.
Wynne came first, starting a weeklong visit to the region in Sudbury and finishing in Kenora. She visited more than a dozen communities and made a series of funding announcements, including $2.3 million to support film and TV production in Sudbury.
The money was nice, but she had little to say on getting the stalled Ring of Fire project started, and defended rising hydro costs. The Ring of Fire, and its massive mineral wealth, could one day be the key to getting new life injected into Northern Ontario’s economy. But the provincial Liberals seem content to study the project ad nauseam. Continue Reading ?
Ring plan close: Noront head – by Carol Mulligan (Sudbury Star – August 29, 2016)
August 29, 2016 in Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.thesudburystar.com/
The Ontario government has most of the data it needs to inform a decision on the infrastructure it would be prepared to build and finance in the Ring of Fire, says the head of Noront Resources Inc.
The Ministry of Northern Development and Mines has the results of several studies — those commissioned by Deloitte and Hatch Mott MacDonald Inc., environmental and engineering studies done by Noront and a $785,000 joint federal-provincial community transportation corridor study conducted. It was conducted by Webequie, Eabametoong, Neskantaga and Nibinamik First Nations.
Alan Coutts, president and chief executive officer of Noront, said it’s up to the province to take those studies, look at what it would take to meet community and industry needs, and fine-tune them into a plan. Continue Reading ?
As one Ring of Fire road study disappoints proponents, another surfaces – by Greg Klein (Resouce Clips – August 26, 2016)
August 29, 2016 in Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://resourceclips.com/
A 2013 expression of Ring of Fire optimism now sounds dispiriting: “With the support of the critical parties, planning and permitting for the main all-weather access road could be completed in 2014, and actual construction operations could commence in 2015.” That was the conclusion of a study commissioned by KWG Resources CSE:KWG three years ago but not published until August 26.
The company posted the 18-page “preliminary scoping exercise” on its website four days after CBC reported that a federally and provincially funded study on the same subject had been completed but not released. Although anticipated to herald a breakthrough, that study simply called for more study, the network stated. Moreover the report didn’t even consider a route to the proposed mining region, focusing only on connecting four native bands with a highway.
Release of the $785,000 report would be up to the four communities that led it, Ontario mines minister Michael Gravelle told the CBC. Continue Reading ?
Road to Ring of Fire could cost up to $550-million – by Bill Curry (Globe and Mail – August 27, 2016)
August 29, 2016 in Aboriginal and Inuit Mining, Canadian Media Resource Articles, Mining Railway and Road Issues, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.theglobeandmail.com/
OTTAWA — A road connecting remote First Nations in Northern Ontario’s Ring of Fire region to the south would cost $264-million to $559-million, according to a government-funded study that reviewed a range of options.
The All-Season Community Road Study has not yet been made public, but The Globe and Mail has obtained a copy of the 147-page document, which is described as final and is dated June 30, 2016.
The $785,000 study was paid for by the federal and provincial governments. Ottawa and Ontario are considering options to address the needs of remote First Nations while also responding to the potential for major mining development in Ontario’s far north if the region is made accessible through a new road or rail line. Continue Reading ?
Noront expands RoF land-holdings, outlines exploration and development strategies – by Henry Lazenby (MiningWeekly.com – August 26, 2016)
August 26, 2016 in Canadian Media Resource Articles, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.miningweekly.com/
VANCOUVER (miningweekly.com) – Northern Ontario-focused project developer Noront Resources has increased its position as the dominant land-holder in the prospective Ring of Fire (RoF) mining camp after closing the acquisition of 75% of MacDonald Mines’ claims in the region, the company said this week. Through the transaction, valued at about C$750 000, Noront has increased its claim blocks in the RoF from 375 claim units to 522.
Under the terms of the transaction, MacDonald has a 25% carried interest until a National Instrument (NI) 43-101-compliant resource has been issued on one of the properties, at which time MacDonald will have the option to convert the carried interest into a 1% net smelter return royalty.
Should MacDonald choose not to exercise its conversion right, Noront will be able to buy back MacDonald’s 25% interest for C$3-million, payable in cash or shares. If neither the conversion right nor the buyback right are exercised, the parties will form a joint venture to develop the properties. Continue Reading ?
What’s one more Ring of Fire road study? – by Staff (Northern Ontario Business – August 26, 2016)
August 26, 2016 in Aboriginal and Inuit Mining, Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.northernontariobusiness.com/
As the Ontario government sifts through three separate Ring of Fire road proposals, mine and railroad developer KWG Resources has now posted a preliminary plan of its own.
The Toronto exploration firm has decided to make public a once-confidential east-west access road study, outlining a permanent road to the Ring of Fire that would link four remote First Nation communities along the way.
The 2013 report was prepared by Green Forest Management of Thunder Bay. Their proposed 305-kilometre gravel road begins northeast of Pickle Lake and tracks eastward toward the mineral deposits of the Ring. The projected costs range between $83.6 million to $99.9 million. Annual maintenance costs are pegged between $4.2 million and $6.1 million. Continue Reading ?
NEWS RELEASE: KWG Tables Study of East-West Road to Ring of Fire Networking Eabametoong, Neskantaga, Webequie and Marten Falls With Nibinamik, Kingfisher, and Wunnumin Lake Connections Also Feasible
August 26, 2016 in Mining Railway and Road Issues, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
Click here for report: http://bit.ly/2bWqi2M
TORONTO, ONTARIO–(Marketwired – Aug. 26, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) has posted on its website an all-weather road study that was previously prepared for it by Green Forest Management Inc. The report estimated that an all-weather gravel road starting in the west at the Northern Ontario Resource Trail Road northeast of Pickle Lake, projecting eastward to the Ring of Fire area over a distance of approximately 305 kilometres, would cost between $83.6 million to $99.9 million.
Trunk roads from it to connect the First Nations communities of Eabametoong, Neskantaga, Webequie and Marten Falls would cost between $36.1 million and $73.1 million depending on the route alignments selected. The study notes that additional trunk roads to connect Nibinamik, Kingfisher, and Wunnumin Lake are also feasible but required further research for construction budgeting purposes.
“We had this report prepared in 2013 to scope out the most rational options available to supply our railroad construction and address local aspirations,” said KWG President Frank Smeenk. “While we shared it extensively on a confidential basis, it’s very practical approach has not yet found traction, so we thought it timely to make the study public now as we prepare to discuss railroad construction financing options. Continue Reading ?
Plans for roads to Ring of Fire development in limbo with inconclusive study – by Bill Curry (Globe and Mail – August 25, 2016)
August 25, 2016 in Aboriginal and Inuit Mining, Canadian Media Resource Articles, Mining Railway and Road Issues, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.theglobeandmail.com/
OTTAWA — Plans to provide road access to remote Northern Ontario First Nations and spur development of the Ring of Fire mineral deposits are in limbo after a government-funded consultation failed to produce a clear consensus on how to proceed.
A community study that cost $785,000 in combined provincial and federal funds has concluded that Ottawa and Ontario have not provided enough information for First Nations to make a clear decision on how to proceed.
“A ‘yes’ or ‘no’ decision for a community road or road corridor option cannot be made at this time,” states a section of the report that summarizes the conclusions and recommendations. The Globe and Mail obtained a copy of the three-page conclusions section but has not seen the full report. The four communities involved – Webequie First Nation, Eabametoong First Nation, Neskantaga First Nation and Nibinamik First Nation – have not made the report public. It is not clear whether the section obtained by The Globe is a draft or final version. Continue Reading ?
Has the federal government dropped the ball on Ring of Fire development? – by Jordan Press (Victoria Times Colonist – August 25, 2016)
August 25, 2016 in Aboriginal and Inuit Mining, Canadian Media Resource Articles, Northern Ontario Politics, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.timescolonist.com/
The Canadian Press – OTTAWA – “The Ring of Fire is a provincial initiative that the previous federal government was extremely detached from and uninterested in.” — Prime Minister Justin Trudeau
When a local reporter went digging for answers from Justin Trudeau about stalled development in the so-called Ring of Fire in northern Ontario, the prime minister went panning for political points.
Far away from where he stood in Sudbury lies one of the world’s largest undeveloped deposits of chromite — a key ingredient in stainless steel — as well as deposits of nickel, copper and platinum. But development hasn’t budged in the last 10 years.
Trudeau pointed the finger at the previous Conservative government. “The Ring of Fire is a provincial initiative that the previous federal government was extremely detached from and uninterested in,” Trudeau said after a cabinet retreat in Sudbury, one of the cities that could benefit from Ring of Fire development. Continue Reading ?
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OCT 24, 2016
Archive | Ontario’s Ring of Fire Mineral Discovery ?
Ring of Fire could benefit from Laurentian University’s new Metal Earth project (CBC News Sudbury – September 8, 2016)
September 8, 2016 in Canada Mining, Canadian Media Resource Articles, Mining Education and Innovation, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery, Sudbury Laurentian University – Mining Faculties and Research
www.cbc.ca/news/canada/sudbury/
The mineral exploration community is welcoming news of a major mining research project. This week, Laurentian University announced it’s starting a seven-year initiative called Metal Earth.
The goal is to figure out more precisely where ore deposits are, making exploration less costly for companies. The president of the Sudbury Prospectors and Developers Association, Joshua Bailey, says it’s great to see more than $100-million being spent on mining research.
Bailey, who is also the vice-president of exploration with Wallbridge Mining and the head of the Ontario Prospectors Association, says there hasn’t been a lot of innovation in mineral exploration.
“A lot of the geophysics that we use was technology initially developed during World War 2, you know, looking for submarines and that sort of thing,” says Bailey. Continue Reading ?
Ring of Fire will happen: CEO – by Carol Mulligan (Sudbury Star – September 8, 2016)
September 8, 2016 in Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.thesudburystar.com/
Franco-Nevada Corp. chief executive officer and president David Harquail is “absolutely convinced” a mine will be built in the Ring of Fire, but realistic enough to believe it may be a future CEO who benefits from it.
Franco-Nevada loaned Noront Resources Ltd. US$22.5 million last year, at 7 per cent interest for five years. That was in return for a 3 per cent royalty on the Black Thor chromite deposit and a 2 per cent royalty of all Noront’s property in the region with the exception of Eagle’s Nest.
Noront purchased shares of Cliffs Chromite Ontario Inc. and Cliffs Chromite Far North Inc., independently owned subsidiaries of Cliffs Natural Resources, which held mining claims in the Ring of Fire, for US$20 million. The remaining US$2.5 million provided Noront with operating capital. Continue Reading ?
Northern Ontario cities chasing Noront’s ferrochrome smelter – by Ian Ross (Northern Ontario Business – September 6, 2016)
September 6, 2016 in Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
https://www.sudbury.com/
Four Northern Ontario cities have put the word in with Noront Resources that they would entertain being the host community for a ferrochrome smelter. Five Ontario cities, including four in Northern Ontario, have expressed interest in hosting a ferrochrome smelter for Ring of Fire developer Noront Resources.
“We haven’t excluded any sites yet, but it would be a brownfield site somewhere in Ontario,” said company president-CEO Al Coutts. “That’s our preference.” Coutts said they’ve been approached by “a number of parties” from Thunder Bay, Sault Ste. Marie, Timmins, Sudbury and Hamilton.
Factoring into the site selection process, he said, would be the availability of a skilled local workforce, having the electrical infrastructure already in place, and getting the power at the right price. “I like the concept of having something in Northern Ontario,” said Coutts. “Ultimately it’s going to depend too on what kind of power price agreement we can negotiate with the province.” Continue Reading ?
Watay Power out to electrify Northwestern FN communities – by Ian Ross (Northern Ontario Business – September 1, 2016)
September 1, 2016 in Aboriginal and Inuit Non-Mining Issues, Mining Power Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.northernontariobusiness.com/
A First Nations-owned transmission company is the Ontario government’s developer of choice to hook up remote communities in northwestern Ontario to the provincial power grid.
Wataynikaneyap Power LP (Watay) was selected in late July to be the transmitter to build a 1,800-kilometre network to bring power to more than 10,000 people in 17 remote communities who’ve been reliant for decades on expensive and unreliable local diesel generation.
For the last eight years, Watay and its chair Margaret Kenequanash have been leading the charge to make the $1.35-billion project a reality. They’ve steadily grown their ownership base to 22 First Nation communities and skillfully recruited transmission specialists Fortis Ontario and RES Canada to join their consortium.
“I think it’s exciting that we’re able to bring clean energy to our communities and that we can move forward with the development that’s required to build the line,” said Kenequanash. Continue Reading ?
The grandiose — but failed — 1960s plan by an Ontario war hero to settle a ‘second Canada’ below the Arctic – by Tristin Hopper (National Post – September 1, 2016)
September 1, 2016 in Canada Mining, Canadian Media Resource Articles, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://news.nationalpost.com/
If things had gone Richard Rohmer’s way in the 1960s, the Canada of 2016 could have been home to as many as 70 million people. Canada would have had a GDP rivalling that of the United Kingdom and new highways, new railways and new metropolises, all built in the sparsely populated boreal forest region that Rohmer came to call “Mid-Canada.” He would even help to spawn an entirely new type of citizen: The hearty, winter-loving “Mid-Canadian.”
Rohmer — a lawyer and decorated RCAF Wing Commander — was leading a charge to build a “second Canada” on top of the old one. “It was a very simple concept; the country needed long range policies and plans for the future orderly development of this vast land that we have,” said Rohmer, 92, speaking by phone from his home in Collingwood, Ont. This wasn’t just some dashed-off 60s-era flight of fancy, either.
In its heyday, Rohmer’s Mid-Canada plan attracted the attention of a who’s who of powerful Canadians: Captains of industry, bank CEOs, labour leaders, scientists and Aboriginal leaders and the patronage of former Prime Minister Lester Pearson and the Governor General. Continue Reading ?
Navigating the Ring of Fire road Map: We will lead the regional planning – by Chief Elizabeth Atlookan (NetNewsLedger.com – August 31, 2016)
September 1, 2016 in Aboriginal and Inuit Mining, Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.netnewsledger.com/
Elizabeth Atlookan is Chief of Eabametoong First Nation.
Eabametoong First Nation – VIEWPOINT – Can we offer some clarity? It seems as though each Northern Ontario news service has obtained and shared slightly differing views on, or excerpts from, our recent All Season Community Road Study. This set of news stories emerged last week while KWG was also promoting their work towards a rail corridor study (no bikinis this time).
The reality is that our Community Road Study has always been for the purpose of gathering existing engineering and land use data for enabling informed dialogue among the 4 First Nation communities regarding options and priorities for road connection. It was explicitly intended to consider options for connecting communities together, and to Provincial highways; not industrial use of future corridors.
Most reports emphasize the length of time it has taken for ‘anything to happen’ in the Ring of Fire. Let’s be clear, the only mining project in the ROF currently under Ontario’s regulatory processes is the Noront Eagle’s Nest mine and associated infrastructure. Their Environmental Assessment filings were made in 2012, and the Terms of Reference for the EA were amended and approved by the MOECC in June 2015. Continue Reading ?
Sudbury PoV: North wants results from Trudeau – Editorial by Don MacDonald (Sudbury Star – August 31, 2016)
August 31, 2016 in Northern Ontario Politics, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.thesudburystar.com/
Don MacDonald is the editor of the Sudbury Star.
In recent weeks, Sudbury and parts of Northern Ontario played hosts to Canada’s two most powerful Liberals. However, the way Premier Kathleen Wynne and Prime Minister Justin Trudeau were received is a study in contrasts.
Wynne came first, starting a weeklong visit to the region in Sudbury and finishing in Kenora. She visited more than a dozen communities and made a series of funding announcements, including $2.3 million to support film and TV production in Sudbury.
The money was nice, but she had little to say on getting the stalled Ring of Fire project started, and defended rising hydro costs. The Ring of Fire, and its massive mineral wealth, could one day be the key to getting new life injected into Northern Ontario’s economy. But the provincial Liberals seem content to study the project ad nauseam. Continue Reading ?
Ring plan close: Noront head – by Carol Mulligan (Sudbury Star – August 29, 2016)
August 29, 2016 in Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.thesudburystar.com/
The Ontario government has most of the data it needs to inform a decision on the infrastructure it would be prepared to build and finance in the Ring of Fire, says the head of Noront Resources Inc.
The Ministry of Northern Development and Mines has the results of several studies — those commissioned by Deloitte and Hatch Mott MacDonald Inc., environmental and engineering studies done by Noront and a $785,000 joint federal-provincial community transportation corridor study conducted. It was conducted by Webequie, Eabametoong, Neskantaga and Nibinamik First Nations.
Alan Coutts, president and chief executive officer of Noront, said it’s up to the province to take those studies, look at what it would take to meet community and industry needs, and fine-tune them into a plan. Continue Reading ?
As one Ring of Fire road study disappoints proponents, another surfaces – by Greg Klein (Resouce Clips – August 26, 2016)
August 29, 2016 in Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://resourceclips.com/
A 2013 expression of Ring of Fire optimism now sounds dispiriting: “With the support of the critical parties, planning and permitting for the main all-weather access road could be completed in 2014, and actual construction operations could commence in 2015.” That was the conclusion of a study commissioned by KWG Resources CSE:KWG three years ago but not published until August 26.
The company posted the 18-page “preliminary scoping exercise” on its website four days after CBC reported that a federally and provincially funded study on the same subject had been completed but not released. Although anticipated to herald a breakthrough, that study simply called for more study, the network stated. Moreover the report didn’t even consider a route to the proposed mining region, focusing only on connecting four native bands with a highway.
Release of the $785,000 report would be up to the four communities that led it, Ontario mines minister Michael Gravelle told the CBC. Continue Reading ?
Road to Ring of Fire could cost up to $550-million – by Bill Curry (Globe and Mail – August 27, 2016)
August 29, 2016 in Aboriginal and Inuit Mining, Canadian Media Resource Articles, Mining Railway and Road Issues, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.theglobeandmail.com/
OTTAWA — A road connecting remote First Nations in Northern Ontario’s Ring of Fire region to the south would cost $264-million to $559-million, according to a government-funded study that reviewed a range of options.
The All-Season Community Road Study has not yet been made public, but The Globe and Mail has obtained a copy of the 147-page document, which is described as final and is dated June 30, 2016.
The $785,000 study was paid for by the federal and provincial governments. Ottawa and Ontario are considering options to address the needs of remote First Nations while also responding to the potential for major mining development in Ontario’s far north if the region is made accessible through a new road or rail line. Continue Reading ?
Noront expands RoF land-holdings, outlines exploration and development strategies – by Henry Lazenby (MiningWeekly.com – August 26, 2016)
August 26, 2016 in Canadian Media Resource Articles, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.miningweekly.com/
VANCOUVER (miningweekly.com) – Northern Ontario-focused project developer Noront Resources has increased its position as the dominant land-holder in the prospective Ring of Fire (RoF) mining camp after closing the acquisition of 75% of MacDonald Mines’ claims in the region, the company said this week. Through the transaction, valued at about C$750 000, Noront has increased its claim blocks in the RoF from 375 claim units to 522.
Under the terms of the transaction, MacDonald has a 25% carried interest until a National Instrument (NI) 43-101-compliant resource has been issued on one of the properties, at which time MacDonald will have the option to convert the carried interest into a 1% net smelter return royalty.
Should MacDonald choose not to exercise its conversion right, Noront will be able to buy back MacDonald’s 25% interest for C$3-million, payable in cash or shares. If neither the conversion right nor the buyback right are exercised, the parties will form a joint venture to develop the properties. Continue Reading ?
What’s one more Ring of Fire road study? – by Staff (Northern Ontario Business – August 26, 2016)
August 26, 2016 in Aboriginal and Inuit Mining, Mining Railway and Road Issues, Northern Ontario/Canada Regional Media, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.northernontariobusiness.com/
As the Ontario government sifts through three separate Ring of Fire road proposals, mine and railroad developer KWG Resources has now posted a preliminary plan of its own.
The Toronto exploration firm has decided to make public a once-confidential east-west access road study, outlining a permanent road to the Ring of Fire that would link four remote First Nation communities along the way.
The 2013 report was prepared by Green Forest Management of Thunder Bay. Their proposed 305-kilometre gravel road begins northeast of Pickle Lake and tracks eastward toward the mineral deposits of the Ring. The projected costs range between $83.6 million to $99.9 million. Annual maintenance costs are pegged between $4.2 million and $6.1 million. Continue Reading ?
NEWS RELEASE: KWG Tables Study of East-West Road to Ring of Fire Networking Eabametoong, Neskantaga, Webequie and Marten Falls With Nibinamik, Kingfisher, and Wunnumin Lake Connections Also Feasible
August 26, 2016 in Mining Railway and Road Issues, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
Click here for report: http://bit.ly/2bWqi2M
TORONTO, ONTARIO–(Marketwired – Aug. 26, 2016) – KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) has posted on its website an all-weather road study that was previously prepared for it by Green Forest Management Inc. The report estimated that an all-weather gravel road starting in the west at the Northern Ontario Resource Trail Road northeast of Pickle Lake, projecting eastward to the Ring of Fire area over a distance of approximately 305 kilometres, would cost between $83.6 million to $99.9 million.
Trunk roads from it to connect the First Nations communities of Eabametoong, Neskantaga, Webequie and Marten Falls would cost between $36.1 million and $73.1 million depending on the route alignments selected. The study notes that additional trunk roads to connect Nibinamik, Kingfisher, and Wunnumin Lake are also feasible but required further research for construction budgeting purposes.
“We had this report prepared in 2013 to scope out the most rational options available to supply our railroad construction and address local aspirations,” said KWG President Frank Smeenk. “While we shared it extensively on a confidential basis, it’s very practical approach has not yet found traction, so we thought it timely to make the study public now as we prepare to discuss railroad construction financing options. Continue Reading ?
Plans for roads to Ring of Fire development in limbo with inconclusive study – by Bill Curry (Globe and Mail – August 25, 2016)
August 25, 2016 in Aboriginal and Inuit Mining, Canadian Media Resource Articles, Mining Railway and Road Issues, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.theglobeandmail.com/
OTTAWA — Plans to provide road access to remote Northern Ontario First Nations and spur development of the Ring of Fire mineral deposits are in limbo after a government-funded consultation failed to produce a clear consensus on how to proceed.
A community study that cost $785,000 in combined provincial and federal funds has concluded that Ottawa and Ontario have not provided enough information for First Nations to make a clear decision on how to proceed.
“A ‘yes’ or ‘no’ decision for a community road or road corridor option cannot be made at this time,” states a section of the report that summarizes the conclusions and recommendations. The Globe and Mail obtained a copy of the three-page conclusions section but has not seen the full report. The four communities involved – Webequie First Nation, Eabametoong First Nation, Neskantaga First Nation and Nibinamik First Nation – have not made the report public. It is not clear whether the section obtained by The Globe is a draft or final version. Continue Reading ?
Has the federal government dropped the ball on Ring of Fire development? – by Jordan Press (Victoria Times Colonist – August 25, 2016)
August 25, 2016 in Aboriginal and Inuit Mining, Canadian Media Resource Articles, Northern Ontario Politics, Ontario Mining, Ontario’s Ring of Fire Mineral Discovery
http://www.timescolonist.com/
The Canadian Press – OTTAWA – “The Ring of Fire is a provincial initiative that the previous federal government was extremely detached from and uninterested in.” — Prime Minister Justin Trudeau
When a local reporter went digging for answers from Justin Trudeau about stalled development in the so-called Ring of Fire in northern Ontario, the prime minister went panning for political points.
Far away from where he stood in Sudbury lies one of the world’s largest undeveloped deposits of chromite — a key ingredient in stainless steel — as well as deposits of nickel, copper and platinum. But development hasn’t budged in the last 10 years.
Trudeau pointed the finger at the previous Conservative government. “The Ring of Fire is a provincial initiative that the previous federal government was extremely detached from and uninterested in,” Trudeau said after a cabinet retreat in Sudbury, one of the cities that could benefit from Ring of Fire development. Continue Reading ?
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RING OF FIRE[color=red][/color]
Ring of Fire Could Benefit from Laurentian University
posted on Sep 08, 16 07:45AM (Log in to use the IP Check tool) [?]
www.cbc.ca/news/canada/sudbury/metal-earth-research-help-ring-of-fire-development-1.3752475
Ring of Fire could benefit from Laurentian University's new Metal Earth project
CBC News Posted: Sep 08, 2016 5:00 AM ET Last Updated: Sep 08, 2016 5:00 AM ET
The mineral exploration community is welcoming news of a major mining research project.
This week, Laurentian University announced it's starting a seven-year initiative called Metal Earth.
The goal is to figure out more precisely where ore deposits are, making exploration less costly for companies.
The president of the Sudbury Prospectors and Developers Association, Joshua Bailey, says it's great to see more than $100-million being spent on mining research.
Bailey, who is also the vice-president of exploration with Wallbridge Mining and the head of the Ontario Prospectors Association, says there hasn't been a lot of innovation in mineral exploration.
"A lot of the geophysics that we use was technology initially developed during World War 2, you know, looking for submarines and that sort of thing," says Bailey.
The funding for the Metal Earth project is coming from the federal government, and other partners from academia and industry.
Ryan Weston, the vice-president of exploration at NorOnt expects the new Metal Earth project at Laurentian University to help move the Ring of Fire project forward. (NorOnt)
NorOnt Resources is one of the mining companies backing the project. It has several claims in the Ring of Fire region of northern Ontario.
"For Metal Earth to come in and do their work effectively, they're going to need access to that data and we will be providing it to them," says Ryan Weston, vice president of exploration with NorOnt Resources.
From an industry standpoint, Weston says the discovery of the Ring of Fire deposit is still in its early stages, but he adds having access to additional research will help NorOnt decide where to do more exploration.
Weston says the research could help the company move forward with its claims in the Ring of Fire. He says NorOnt has already spent a lot of time and money exploring the Ring of Fire area.
He says data collected by the company will be shared with the Metal Earth project to help move it forward.
"I expect that the work that Metal Earth will be doing in the Ring of Fire will just help us to understand the regional framework and geological framework such that it will help guide our exploration efforts moving forward," says Weston.
Weston admits there are still lots of questions to be answered regarding the Ring of Fire, which was first discovered in 2003.
"Because it's the James Bay lowlands, traditional mapping methods where you're out in the field is not an option. We have to rely heavily on geophysics and drilling and most of the geophysics that's been done up there has been fairly shallow level, it sort of tells us what's in the top couple hundred metres."
NorOnt has already spent upwards of $250-million exploring in the Ring of Fire. "Between drilling and geophysics, running the camp and personnel," says Weston. He added the company has acquired a lot of data through the research and through the acquisition of claims from other companies.
With files from Martha Dillman. Edited/packaged by Angela Gemmill
RING OF FIRE[color=red][/color]
Ring of Fire Could Benefit from Laurentian University
posted on Sep 08, 16 07:45AM (Log in to use the IP Check tool) [?]
www.cbc.ca/news/canada/sudbury/metal-earth-research-help-ring-of-fire-development-1.3752475
Ring of Fire could benefit from Laurentian University's new Metal Earth project
CBC News Posted: Sep 08, 2016 5:00 AM ET Last Updated: Sep 08, 2016 5:00 AM ET
The mineral exploration community is welcoming news of a major mining research project.
This week, Laurentian University announced it's starting a seven-year initiative called Metal Earth.
The goal is to figure out more precisely where ore deposits are, making exploration less costly for companies.
The president of the Sudbury Prospectors and Developers Association, Joshua Bailey, says it's great to see more than $100-million being spent on mining research.
Bailey, who is also the vice-president of exploration with Wallbridge Mining and the head of the Ontario Prospectors Association, says there hasn't been a lot of innovation in mineral exploration.
"A lot of the geophysics that we use was technology initially developed during World War 2, you know, looking for submarines and that sort of thing," says Bailey.
The funding for the Metal Earth project is coming from the federal government, and other partners from academia and industry.
Ryan Weston, the vice-president of exploration at NorOnt expects the new Metal Earth project at Laurentian University to help move the Ring of Fire project forward. (NorOnt)
NorOnt Resources is one of the mining companies backing the project. It has several claims in the Ring of Fire region of northern Ontario.
"For Metal Earth to come in and do their work effectively, they're going to need access to that data and we will be providing it to them," says Ryan Weston, vice president of exploration with NorOnt Resources.
From an industry standpoint, Weston says the discovery of the Ring of Fire deposit is still in its early stages, but he adds having access to additional research will help NorOnt decide where to do more exploration.
Weston says the research could help the company move forward with its claims in the Ring of Fire. He says NorOnt has already spent a lot of time and money exploring the Ring of Fire area.
He says data collected by the company will be shared with the Metal Earth project to help move it forward.
"I expect that the work that Metal Earth will be doing in the Ring of Fire will just help us to understand the regional framework and geological framework such that it will help guide our exploration efforts moving forward," says Weston.
Weston admits there are still lots of questions to be answered regarding the Ring of Fire, which was first discovered in 2003.
"Because it's the James Bay lowlands, traditional mapping methods where you're out in the field is not an option. We have to rely heavily on geophysics and drilling and most of the geophysics that's been done up there has been fairly shallow level, it sort of tells us what's in the top couple hundred metres."
NorOnt has already spent upwards of $250-million exploring in the Ring of Fire. "Between drilling and geophysics, running the camp and personnel," says Weston. He added the company has acquired a lot of data through the research and through the acquisition of claims from other companies.
With files from Martha Dillman. Edited/packaged by Angela Gemmill
RING OF FIRE[color=red][/color]
Ring of Fire Could Benefit from Laurentian University
posted on Sep 08, 16 07:45AM (Log in to use the IP Check tool) [?]
www.cbc.ca/news/canada/sudbury/metal-earth-research-help-ring-of-fire-development-1.3752475
Ring of Fire could benefit from Laurentian University's new Metal Earth project
CBC News Posted: Sep 08, 2016 5:00 AM ET Last Updated: Sep 08, 2016 5:00 AM ET
The mineral exploration community is welcoming news of a major mining research project.
This week, Laurentian University announced it's starting a seven-year initiative called Metal Earth.
The goal is to figure out more precisely where ore deposits are, making exploration less costly for companies.
The president of the Sudbury Prospectors and Developers Association, Joshua Bailey, says it's great to see more than $100-million being spent on mining research.
Bailey, who is also the vice-president of exploration with Wallbridge Mining and the head of the Ontario Prospectors Association, says there hasn't been a lot of innovation in mineral exploration.
"A lot of the geophysics that we use was technology initially developed during World War 2, you know, looking for submarines and that sort of thing," says Bailey.
The funding for the Metal Earth project is coming from the federal government, and other partners from academia and industry.
Ryan Weston, the vice-president of exploration at NorOnt expects the new Metal Earth project at Laurentian University to help move the Ring of Fire project forward. (NorOnt)
NorOnt Resources is one of the mining companies backing the project. It has several claims in the Ring of Fire region of northern Ontario.
"For Metal Earth to come in and do their work effectively, they're going to need access to that data and we will be providing it to them," says Ryan Weston, vice president of exploration with NorOnt Resources.
From an industry standpoint, Weston says the discovery of the Ring of Fire deposit is still in its early stages, but he adds having access to additional research will help NorOnt decide where to do more exploration.
Weston says the research could help the company move forward with its claims in the Ring of Fire. He says NorOnt has already spent a lot of time and money exploring the Ring of Fire area.
He says data collected by the company will be shared with the Metal Earth project to help move it forward.
"I expect that the work that Metal Earth will be doing in the Ring of Fire will just help us to understand the regional framework and geological framework such that it will help guide our exploration efforts moving forward," says Weston.
Weston admits there are still lots of questions to be answered regarding the Ring of Fire, which was first discovered in 2003.
"Because it's the James Bay lowlands, traditional mapping methods where you're out in the field is not an option. We have to rely heavily on geophysics and drilling and most of the geophysics that's been done up there has been fairly shallow level, it sort of tells us what's in the top couple hundred metres."
NorOnt has already spent upwards of $250-million exploring in the Ring of Fire. "Between drilling and geophysics, running the camp and personnel," says Weston. He added the company has acquired a lot of data through the research and through the acquisition of claims from other companies.
With files from Martha Dillman. Edited/packaged by Angela Gemmill
NEWS: [color=red]RING OF FIRE[/
Ring of Fire could benefit from Laurentian University's new Metal Earth project
CBC News Posted: Sep 08, 2016 5:00 AM ET| Last Updated: Sep 08, 2016 5:00 AM ET
A mining camp in the Ring of Fire in northern Ontario.
A mining camp in the Ring of Fire in northern Ontario. (Noront Resources)
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The mineral exploration community is welcoming news of a major mining research project.
This week, Laurentian University announced it's starting a seven-year initiative called Metal Earth.
The goal is to figure out more precisely where ore deposits are, making exploration less costly for companies.
The president of the Sudbury Prospectors and Developers Association, Joshua Bailey, says it's great to see more than $100-million being spent on mining research.
Bailey, who is also the vice-president of exploration with Wallbridge Mining and the head of the Ontario Prospectors Association, says there hasn't been a lot of innovation in mineral exploration.
"A lot of the geophysics that we use was technology initially developed during World War 2, you know, looking for submarines and that sort of thing," says Bailey.
The funding for the Metal Earth project is coming from the federal government, and other partners from academia and industry.
Ryan Weston with NorOnt
Ryan Weston, the vice-president of exploration at NorOnt expects the new Metal Earth project at Laurentian University to help move the Ring of Fire project forward. (NorOnt)
Noront Resources is one of the mining companies backing the project. It has several claims in the Ring of Fire region of northern Ontario.
"For Metal Earth to come in and do their work effectively, they're going to need access to that data and we will be providing it to them," says Ryan Weston, vice president of exploration with Noront Resources.
From an industry standpoint, Weston says the discovery of the Ring of Fire deposit is still in its early stages, but he adds having access to additional research will help Noront decide where to do more exploration.
Weston says the research could help the company move forward with its claims in the Ring of Fire. He says Noront has already spent a lot of time and money exploring the Ring of Fire area.
He says data collected by the company will be shared with the Metal Earth project to help move it forward.
"I expect that the work that Metal Earth will be doing in the Ring of Fire will just help us to understand the regional framework and geological framework such that it will help guide our exploration efforts moving forward," says Weston.
Weston admits there are still lots of questions to be answered regarding the Ring of Fire, which was first discovered in 2003.
"Because it's the James Bay lowlands, traditional mapping methods where you're out in the field is not an option. We have to rely heavily on geophysics and drilling and most of the geophysics that's been done up there has been fairly shallow level, it sort of tells us what's in the top couple hundred metres."
Noront has already spent upwards of $250-million exploring in the Ring of Fire. "Between drilling and geophysics, running the camp and personnel," says Weston. He added the company has acquired a lot of data through the research and through the acquisition of claims from other companies.
With files from Martha Dillman. Edited/packaged by Angela Gemmill
NEWS: [color=red]RING OF FIRE[/
Ring of Fire could benefit from Laurentian University's new Metal Earth project
CBC News Posted: Sep 08, 2016 5:00 AM ET| Last Updated: Sep 08, 2016 5:00 AM ET
A mining camp in the Ring of Fire in northern Ontario.
A mining camp in the Ring of Fire in northern Ontario. (Noront Resources)
Related Stories
¦ $104M invested for mineral exploration research at Laurentian University
¦ Earth sciences department at Laurentian receives $10M from Harquail family
¦ Noront Resources CEO weighs in on Justin Trudeau's recent comments about Ring of Fire
¦ Province promises to help prospectors and junior miners during downturns
¦ Waiting out the slump: mining exploration in downward spiral
¦ Mineral sector must go deep, says head of school
¦ Explorationists in Sudbury basin confidently dig deeper for new ore
The mineral exploration community is welcoming news of a major mining research project.
This week, Laurentian University announced it's starting a seven-year initiative called Metal Earth.
The goal is to figure out more precisely where ore deposits are, making exploration less costly for companies.
The president of the Sudbury Prospectors and Developers Association, Joshua Bailey, says it's great to see more than $100-million being spent on mining research.
Bailey, who is also the vice-president of exploration with Wallbridge Mining and the head of the Ontario Prospectors Association, says there hasn't been a lot of innovation in mineral exploration.
"A lot of the geophysics that we use was technology initially developed during World War 2, you know, looking for submarines and that sort of thing," says Bailey.
The funding for the Metal Earth project is coming from the federal government, and other partners from academia and industry.
Ryan Weston with NorOnt
Ryan Weston, the vice-president of exploration at NorOnt expects the new Metal Earth project at Laurentian University to help move the Ring of Fire project forward. (NorOnt)
Noront Resources is one of the mining companies backing the project. It has several claims in the Ring of Fire region of northern Ontario.
"For Metal Earth to come in and do their work effectively, they're going to need access to that data and we will be providing it to them," says Ryan Weston, vice president of exploration with Noront Resources.
From an industry standpoint, Weston says the discovery of the Ring of Fire deposit is still in its early stages, but he adds having access to additional research will help Noront decide where to do more exploration.
Weston says the research could help the company move forward with its claims in the Ring of Fire. He says Noront has already spent a lot of time and money exploring the Ring of Fire area.
He says data collected by the company will be shared with the Metal Earth project to help move it forward.
"I expect that the work that Metal Earth will be doing in the Ring of Fire will just help us to understand the regional framework and geological framework such that it will help guide our exploration efforts moving forward," says Weston.
Weston admits there are still lots of questions to be answered regarding the Ring of Fire, which was first discovered in 2003.
"Because it's the James Bay lowlands, traditional mapping methods where you're out in the field is not an option. We have to rely heavily on geophysics and drilling and most of the geophysics that's been done up there has been fairly shallow level, it sort of tells us what's in the top couple hundred metres."
Noront has already spent upwards of $250-million exploring in the Ring of Fire. "Between drilling and geophysics, running the camp and personnel," says Weston. He added the company has acquired a lot of data through the research and through the acquisition of claims from other companies.
With files from Martha Dillman. Edited/packaged by Angela Gemmill
Niobay Metals
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Company Search: Niobay Metals Inc.
Industry Group: All
Document Selection: All Sorted: By Issuer
Date From: October 13 2015
Date To: October 13 2016
Search results 1-100
Company Name Date of Filing Time of Filing Document Type File Format File Size
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (E)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (E)
PDF 85 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CEO (E)
PDF 109 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CEO (F)
PDF 74 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CFO (E)
PDF 109 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CFO (F)
PDF 75 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (F)
PDF 83 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (F)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 79 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 82 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:42:41 ET
Annual information form - English
PDF 578 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - English
PDF 1265 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - French
PDF 1381 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Certificate re dissemination to shareholders
PDF 65 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Certificate re dissemination to shareholders
PDF 19 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - English
PDF 229 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - English
PDF 363 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - French
PDF 400 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - French
PDF 417 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - English
PDF 436 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - English
PDF 358 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:02:52 ET
Interim financial statements/report - English
PDF 427 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - French
PDF 511 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - French
PDF 770 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:02:52 ET
Interim financial statements/report - French
PDF 800 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 162 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 152 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 87 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - English
PDF 532 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - English
PDF 543 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - French
PDF 506 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - French
PDF 700 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - English
PDF 107 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - English
PDF 579 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - English
PDF 44 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - English
PDF 60 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - English
PDF 395 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - French
PDF 108 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - French
PDF 573 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - French
PDF 46 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - French
PDF 61 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - French
PDF 514 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - English
PDF 302 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - English
PDF 242 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - English
PDF 329 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:04:05 ET
MD&A - English
PDF 332 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - French
PDF 397 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - French
PDF 176 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - French
PDF 273 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:04:05 ET
MD&A - French
PDF 344 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - English
PDF 332 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - French
PDF 280 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - English
PDF 301 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - English
PDF 296 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - English
PDF 392 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 18 2016 13:46:55 ET
News release - English
PDF 287 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - English
PDF 119 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - English
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - English
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - English
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - English
PDF 352 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - French
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - French
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - French
PDF 393 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - French
PDF 120 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - French
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 15 2016 09:06:13 ET
News release - French
PDF 292 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - French
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - French
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - English
PDF 422 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - English
PDF 149 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - French
PDF 357 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - French
PDF 151 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 14:11:00 ET
Notice of the meeting and record date - English
PDF 285 K
Niobay Metals Inc. (formerly MDN INC.) Mar 24 2016 12:55:18 ET
Notice of the meeting and record date - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Apr 14 2016 14:32:16 ET
Notice of the meeting and record date (amended) - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
ON Form 13-502F1 (Class 1 Reporting Issuers - Participation Fee)
PDF 671 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
PDF 216 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
PDF 229 K
Niobay Metals Inc. (formerly MDN INC.) Oct 4 2016 16:50:15 ET
Other securityholders documents - French
PDF 46 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:06:23 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
Niobay Metals Inc. (formerly MDN INC.) Jun 29 2016 16:53:52 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
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Niobay Metals Inc (NBY) TSXV
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Type: Equity
Market: Canada
ISIN: CA6544541072
S/N: 654454107
Volume: 11,119
Bid/Ask: 1.000 / 1.010
Day's Range: 1.000 - 1.010
Niobay Metals 1.000 -0.010 (-0.99%)
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Candlestick Patterns
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Harami Bullish 1W Current
Harami Cross 1W Current
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Tri-Star Bullish 15 1 Oct 13, 2016 14:30
Doji Star Bearish 1W 2 Sep 25, 2016
Harami Cross Bearish 1W 2 Sep 25, 2016
Bullish Engulfing 1D 2 Oct 11, 2016
Three Inside Up 1D 2 Oct 11, 2016
Harami Bullish 1H 2 Oct 12, 2016 16:00
Harami Cross 1H 2 Oct 12, 2016 16:00
Bullish doji Star 1D 3 Oct 07, 2016
Harami Bullish 1D 3 Oct 07, 2016
Harami Cross 1D 3 Oct 07, 2016
Tri-Star Bullish 30 3 Oct 12, 2016 16:30
Doji Star Bearish 1M 4 Jun 16
Tri-Star Bullish 15 4 Oct 12, 2016 16:45
Stick Sandwich 5H 5 Oct 07, 2016 17:00
Harami Bullish 1H 5 Oct 11, 2016 20:00
Harami Cross 1H 5 Oct 11, 2016 20:00
Tri-Star Bearish 15 5 Oct 12, 2016 15:30
Doji Star Bearish 1M 6 Apr 16
Belt Hold Bullish 5H 6 Oct 07, 2016 12:00
Bullish Engulfing 5H 6 Oct 07, 2016 12:00
Belt Hold Bearish 1H 6 Oct 11, 2016 19:00
Engulfing Bearish 1H 6 Oct 11, 2016 19:00
Abandoned Baby Bearish 1W 7 Aug 21, 2016
Evening Doji Star 1W 7 Aug 21, 2016
Inverted Hammer 5H 7 Oct 06, 2016 16:00
Bullish doji Star 30 7 Oct 11, 2016 20:30
Harami Bullish 30 7 Oct 11, 2016 20:30
Harami Cross 30 7 Oct 11, 2016 20:30
Doji Star Bearish 1M 8 Feb 16
Doji Star Bearish 1W 8 Aug 14, 2016
Gravestone Doji 1W 8 Aug 14, 2016
Harami Cross Bearish 1H 8 Oct 11, 2016 17:00
Belt Hold Bearish 30 8 Oct 11, 2016 19:00
Engulfing Bearish 30 8 Oct 11, 2016 19:00
Bullish Engulfing 1M 9 Jan 16
Bullish Engulfing 1H 9 Oct 11, 2016 15:00
Three Inside Up 1H 9 Oct 11, 2016 15:00
Tri-Star Bullish 15 9 Oct 11, 2016 20:30
Bullish Hammer 1D 10 Sep 28, 2016
Bullish doji Star 1H 10 Oct 11, 2016 14:00
Harami Bullish 1H 10 Oct 11, 2016 14:00
Harami Cross 1H 10 Oct 11, 2016 14:00
Tri-Star Bearish 15 10 Oct 11, 2016 19:15
Doji Star Bearish 1W 11 Jul 24, 2016
Harami Cross Bearish 30 11 Oct 11, 2016 17:00
Belt Hold Bullish 1M 12 Oct 15
Belt Hold Bullish 1W 12 Jul 17, 2016
On Neck Bearish 5H 12 Oct 04, 2016 19:00
Abandoned Baby Bullish 1D 13 Sep 23, 2016
Dragonfly Doji 30 13 Oct 11, 2016 15:00
Bullish doji Star 1D 14 Sep 22, 2016
Dragonfly Doji 1D 14 Sep 22, 2016
Bullish doji Star 30 14 Oct 11, 2016 14:30
Harami Bullish 30 14 Oct 11, 2016 14:30
Harami Cross 30 14 Oct 11, 2016 14:30
Harami Cross Bearish 15 14 Oct 11, 2016 17:00
On Neck Bearish 1M 15 Jul 15
Bullish doji Star 1M 15 Jul 15
Dragonfly Doji 1M 15 Jul 15
Harami Bullish 1M 15 Jul 15
Harami Cross 1M 15 Jul 15
Belt Hold Bearish 1D 15 Sep 21, 2016
Harami Cross Bearish 5H 15 Oct 03, 2016 13:00
Harami Cross Bearish 1D 17 Sep 19, 2016
Belt Hold Bearish 15 19 Oct 11, 2016 14:45
Stick Sandwich 15 19 Oct 11, 2016 14:45
Kicking Bearish 5H 20 Sep 29, 2016 14:00
Hanging Man 30 20 Oct 07, 2016 17:00
Dragonfly Bearish 30 20 Oct 07, 2016 17:00
Belt Hold Bullish 15 20 Oct 11, 2016 14:30
Tri-Star Bearish 1W 21 May 15, 2016
Three Outside Up 1D 21 Sep 13, 2016
Bullish doji Star 1M 23 Nov 14
Harami Bullish 1M 23 Nov 14
Harami Cross 1M 23 Nov 14
Dragonfly Doji 1W 23 May 01, 2016
Inverted Hammer 1H 23 Oct 06, 2016 14:00
Harami Cross Bearish 1D 24 Sep 08, 2016
Three Outside Up 1H 24 Oct 05, 2016 20:00
Belt Hold Bullish 1H 25 Oct 05, 2016 19:00
Bullish Engulfing 1H 25 Oct 05, 2016 19:00
Bullish doji Star 30 25 Oct 06, 2016 20:00
Harami Bullish 30 25 Oct 06, 2016 20:00
Harami Cross 30 25 Oct 06, 2016 20:00
Bullish Engulfing 15 25 Oct 07, 2016 17:45
Doji Star Bearish 1M 26 Aug 14
Harami Cross Bearish 15 26 Oct 07, 2016 17:30
Belt Hold Bullish 1H 27 Oct 05, 2016 15:00
Harami Cross Bearish 1M 28 Jun 14
Homing Pigeon 30 28 Oct 06, 2016 16:30
Three Outside Up 1M 29 May 14
Doji Star Bearish 1W 29 Mar 20, 2016
Belt Hold Bullish 1D 29 Aug 31, 2016
Bullish Engulfing 1H 29 Oct 04, 2016 20:00
Three Black Crows 30 29 Oct 06, 2016 16:00
Bullish Engulfing 1M 30 Apr 14
Doji Star Bearish 1D 30 Aug 30, 2016
Doji Star Bearish 5H 30 Sep 22, 2016 12:00
Gravestone Doji 5H 30 Sep 22, 2016 12:00
Doji Star Bearish 1W 31 Mar 06, 2016
Belt Hold Bullish 1D 31 Aug 29, 2016
Inverted Hammer 1D 31 Aug 29, 2016
Tri-Star Bullish 1H 31 Oct 04, 2016 18:00
Inverted Hammer 30 31 Oct 06, 2016 14:30
Tri-Star Bearish 1H 32 Oct 04, 2016 17:00
Belt Hold Bullish 30 32 Oct 05, 2016 20:30
Bullish Engulfing 30 32 Oct 05, 2016 20:30
Belt Hold Bullish 1M 33 Jan 14
Harami Cross Bearish 30 33 Oct 05, 2016 20:00
Dragonfly Doji 1W 34 Feb 14, 2016
Belt Hold Bullish 30 34 Oct 05, 2016 19:00
Bullish Engulfing 30 34 Oct 05, 2016 19:00
Bullish doji Star 15 34 Oct 06, 2016 20:15
Harami Bullish 15 34 Oct 06, 2016 20:15
Harami Cross 15 34 Oct 06, 2016 20:15
Belt Hold Bearish 1M 35 Nov 13
Gravestone Doji 1W 35 Feb 07, 2016
Belt Hold Bullish 1M 36 Oct 13
Bullish Engulfing 1M 36 Oct 13
On Neck Bearish 1W 36 Jan 31, 2016
Bullish doji Star 1W 36 Jan 31, 2016
Dragonfly Doji 1W 36 Jan 31, 2016
Harami Bullish 1W 36 Jan 31, 2016
Harami Cross 1W 36 Jan 31, 2016
Bullish doji Star 1D 36 Aug 22, 2016
Harami Bullish 1D 36 Aug 22, 2016
Harami Cross 1D 36 Aug 22, 2016
Belt Hold Bearish 5H 36 Sep 16, 2016 16:00
Morning Doji Star 15 36 Oct 06, 2016 18:45
Three Inside Up 15 36 Oct 06, 2016 18:45
Three Outside Down 1M 37 Sep 13
Belt Hold Bearish 1W 37 Jan 24, 2016
Bullish doji Star 15 37 Oct 06, 2016 16:45
Harami Bullish 15 37 Oct 06, 2016 16:45
Harami Cross 15 37 Oct 06, 2016 16:45
Belt Hold Bearish 1M 38 Aug 13
Engulfing Bearish 1M 38 Aug 13
Harami Cross Bearish 1H 38 Oct 03, 2016 14:00
Bullish doji Star 30 38 Oct 05, 2016 15:00
Homing Pigeon 15 38 Oct 06, 2016 16:30
Dragonfly Doji 1M 39 Jul 13
Abandoned Baby Bearish 1D 39 Aug 17, 2016
Engulfing Bearish 1D 39 Aug 17, 2016
Evening Doji Star 1D 39 Aug 17, 2016
Evening Star 1D 39 Aug 17, 2016
Deliberation Bearish 1D 40 Aug 16, 2016
Doji Star Bearish 1D 40 Aug 16, 2016
Tri-Star Bearish 1H 40 Sep 30, 2016 19:00
Three Outside Up 30 40 Oct 04, 2016 20:30
Bullish doji Star 1M 41 May 13
Harami Bullish 1M 41 May 13
Harami Cross 1M 41 May 13
Doji Star Bearish 5H 41 Sep 14, 2016 19:00
Hanging Man 5H 41 Sep 14, 2016 19:00
Dragonfly Bearish 5H 41 Sep 14, 2016 19:00
Belt Hold Bullish 30 41 Oct 04, 2016 20:00
Bullish Engulfing 30 41 Oct 04, 2016 20:00
Dragonfly Doji 1W 42 Dec 20, 2015
Harami Cross Bearish 1H 42 Sep 30, 2016 16:00
Tri-Star Bullish 30 42 Oct 04, 2016 19:30
Bullish doji Star 1M 43 Mar 13
Dragonfly Doji 1M 43 Mar 13
Harami Bullish 1M 43 Mar 13
Harami Cross 1M 43 Mar 13
Dragonfly Doji 1W 43 Dec 13, 2015
Doji Star Bearish 1D 43 Aug 11, 2016
Harami Cross Bearish 5H 43 Sep 13, 2016 18:00
On Neck Bearish 1M 44 Feb 13
Tri-Star Bullish 1W 44 Dec 06, 2015
Three Outside Up 5H 44 Sep 13, 2016 13:00
Harami Cross Bearish 1H 44 Sep 30, 2016 14:00
Doji Star Bearish 1D 45 Aug 09, 2016
Bullish Engulfing 5H 45 Sep 12, 2016 17:00
Tri-Star Bullish 30 45 Oct 04, 2016 18:00
Belt Hold Bullish 15 45 Oct 05, 2016 20:30
Bullish Engulfing 15 45 Oct 05, 2016 20:30
Bullish doji Star 1W 46 Nov 22, 2015
Harami Bullish 1W 46 Nov 22, 2015
Harami Cross 1W 46 Nov 22, 2015
Harami Cross Bearish 5H 46 Sep 12, 2016 12:00
Tri-Star Bearish 30 46 Oct 04, 2016 17:00
Tri-Star Bullish 15 46 Oct 05, 2016 20:15
Deliberation Bearish 1D 47 Aug 05, 2016
Doji Star Bearish 1D 47 Aug 05, 2016
Gravestone Doji 1D 47 Aug 05, 2016
Belt Hold Bullish 5H 47 Sep 09, 2016 19:00
Belt Hold Bullish 1W 48 Nov 08, 2015
Three Outside Up 1D 48 Aug 04, 2016
Tri-Star Bullish 1H 48 Sep 29, 2016 16:00
Belt Hold Bullish 1M 49 Sep 12
Belt Hold Bullish 1W 49 Nov 01, 2015
Bullish Engulfing 1D 49 Aug 03, 2016
Morning Doji Star 1D 49 Aug 03, 2016
Morning Star 1D 49 Aug 03, 2016
Three Inside Up 1D 49 Aug 03, 2016
Dragonfly Doji 1H 49 Sep 29, 2016 15:00
Tri-Star Bullish 15 49 Oct 05, 2016 19:00
Hanging Man 1W 50 Oct 25, 2015
Dragonfly Bearish 1W 50 Oct 25, 2015
Dragonfly Doji 1W 50 Oct 25, 2015
Bullish doji Star 1D 50 Aug 02, 2016
Harami Bullish 1D 50 Aug 02, 2016
Harami Cross 1D 50 Aug 02, 2016
Tri-Star Bearish 1H 50 Sep 29, 2016 14:00
Tri-Star Bearish 15 50 Oct 05, 2016 16:45
Dragonfly Doji 1W 51 Oct 18, 2015
Doji Star Bearish 5H 52 Sep 07, 2016 12:00
Gravestone Doji 5H 52 Sep 07, 2016 12:00
Belt Hold Bullish 1W 53 Oct 04, 2015
Tri-Star Bearish 1W 54 Sep 27, 2015
Hanging Man 1D 54 Jul 26, 2016
Dragonfly Bearish 1D 54 Jul 26, 2016
Bullish Hammer 1H 54 Sep 28, 2016 17:00
Harami Cross Bearish 30 54 Oct 03, 2016 14:30
Harami Bullish 1M 55 Mar 12
Harami Cross 1M 55 Mar 12
Bullish doji Star 1H 55 Sep 28, 2016 16:00
Harami Bullish 1H 55 Sep 28, 2016 16:00
Harami Cross 1H 55 Sep 28, 2016 16:00
Belt Hold Bullish 30 55 Sep 30, 2016 20:30
Bullish Engulfing 30 55 Sep 30, 2016 20:30
Bullish doji Star 15 55 Oct 05, 2016 15:00
Engulfing Bearish 1M 56 Feb 12
Hanging Man 1W 56 Sep 13, 2015
Dragonfly Bearish 1W 56 Sep 13, 2015
Dragonfly Doji 1W 56 Sep 13, 2015
Tri-Star Bearish 1H 57 Sep 28, 2016 14:00
Tri-Star Bearish 30 57 Sep 30, 2016 19:00
Belt Hold Bullish 15 57 Oct 04, 2016 20:45
Belt Hold Bearish 1W 58 Aug 30, 2015
Three Outside Up 15 58 Oct 04, 2016 20:30
Bullish Engulfing 1M 59 Nov 11
Doji Star Bearish 1D 59 Jul 19, 2016
Harami Cross Bearish 1H 59 Sep 27, 2016 19:00
Harami Cross Bearish 30 59 Sep 30, 2016 16:00
Belt Hold Bullish 15 59 Oct 04, 2016 20:15
Bullish Engulfing 15 59 Oct 04, 2016 20:15
Bullish doji Star 1M 60 Oct 11
Tri-Star Bullish 15 60 Oct 04, 2016 19:45
Belt Hold Bullish 5H 61 Aug 31, 2016 10:00
Dragonfly Doji 1D 62 Jul 14, 2016
Belt Hold Bullish 1M 63 Jul 11
Belt Hold Bullish 1W 63 Jul 26, 2015
Bullish Engulfing 1W 63 Jul 26, 2015
Tri-Star Bullish 15 63 Oct 04, 2016 18:15
Homing Pigeon 1D 64 Jul 12, 2016
Tri-Star Bearish 15 64 Oct 04, 2016 17:00
Belt Hold Bullish 5H 65 Aug 29, 2016 13:00
Bullish Engulfing 5H 65 Aug 29, 2016 13:00
Morning Doji Star 5H 65 Aug 29, 2016 13:00
Morning Star 5H 65 Aug 29, 2016 13:00
Three Inside Up 5H 65 Aug 29, 2016 13:00
Dragonfly Doji 1W 66 Jul 05, 2015
Bullish doji Star 5H 66 Aug 26, 2016 20:00
Harami Bullish 5H 66 Aug 26, 2016 20:00
Harami Cross 5H 66 Aug 26, 2016 20:00
Bullish doji Star 1W 67 Jun 28, 2015
Engulfing Bearish 1W 68 Jun 21, 2015
Belt Hold Bearish 1D 68 Jul 06, 2016
Gravestone Doji 1W 69 Jun 14, 2015
Hanging Man 1D 69 Jul 05, 2016
Dragonfly Bearish 1D 69 Jul 05, 2016
Tri-Star Bullish 5H 69 Aug 25, 2016 19:00
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________________________________________
NIOBAY METALS INC. ("NBY")
[formerly: MDN Inc. ("MDN")]
BULLETIN TYPE: Name Change and Consolidation
BULLETIN DATE: September 20, 2016
TSX Venture Tier 2 Company
Pursuant to special resolutions passed by shareholders on September 1, 2016, the Company has consolidated its capital on a 5 old shares for 1 new share basis, and the name of the Company has been changed from "MDN Inc." to "Niobay Metals Inc."
Effective at the opening of business on Wednesday, September 21, 2016, the common shares of "Niobay Metals Inc." will commence trading on the TSX Venture Exchange, and the common shares of "MDN Inc." will be delisted.
The Company is classified as a "Metal Ore Mining" issuer (NAICS Number: 2122).
Post – Consolidation
Capitalization:
Unlimited
shares with no par value of which
31,141,507
shares are issued and outstanding
Escrow:
Nil
Transfer Agent:
TMX Equity Transfer Services in Montreal and Toronto
Trading Symbol:
NBY
(new)
CUSIP Number:
654454107
(new)
If you are looking for unbiased, small-cap stock picks with specific buy and sell calls, AllPennyStocks.com Pro is the newest premiere newsletter for traders looking to make serious money. We pick the winners, you make the money. Click here to try it for free.
Historical Symbol: Markets Detailed Quote Depth/LII Options Charts News Company Financials Insiders Filings Analyst Earnings Historical GO Symbol Lookup | Recent Quotes
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Historical Data for Niobay Metals Inc. (NBY:CA)
$ 1.00 0.00 (0.00%) Volume: 2.2k 10:50 AM EDT Oct 7, 2016
Start: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec End: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec GO
Download
Date Open High Low Close Volume Chg % Chg Adj. Close Trade Val # Trades
10/07/16 1.00 1.00 1.00 1.00 2,200 0.00 0.00% 1.00 2.2k 2
10/06/16 1.05 1.09 1.00 1.00 140,404 -0.09 -8.26% 1.00 141.88k 36
10/05/16 1.07 1.09 1.03 1.09 99,100 -0.01 -0.91% 1.09 104.27k 40
10/04/16 1.12 1.12 1.05 1.10 59,200 0.00 0.00% 1.10 64.69k 24
10/03/16 1.10 1.10 1.10 1.10 4,900 -0.03 -2.65% 1.10 5.39k 8
09/30/16 1.06 1.15 1.06 1.13 92,601 0.03 2.73% 1.13 103.9k 27
09/29/16 1.08 1.10 1.04 1.10 82,106 0.01 0.92% 1.10 87.16k 31
09/28/16 1.15 1.15 0.95 1.09 107,517 -0.11 -9.17% 1.09 114.07k 56
09/27/16 1.15 1.20 1.15 1.20 34,200 0.00 0.00% 1.20 39.98k 12
09/26/16 1.15 1.20 1.12 1.20 44,700 0.05 4.35% 1.20 52.01k 16
09/23/16 1.13 1.15 1.13 1.15 11,000 0.05 4.55% 1.15 12.62k 4
09/22/16 1.10 1.10 1.05 1.10 15,500 -0.05 -4.35% 1.10 16.67k 11
09/21/16 1.25 1.25 1.15 1.15 6,800 0.05 4.55% 1.15 8.02k 6
09/20/16 0.23 0.23 0.21 0.22 264,525 0.00 0.00% 1.10 58.63k 22
09/19/16 0.22 0.235 0.215 0.22 372,163 -0.025 -2.22% 1.10 83.68k 35
09/16/16 0.215 0.25 0.21 0.225 1,378,700 0.10 9.76% 1.125 310.66k 85
09/15/16 0.195 0.24 0.195 0.205 2,114,050 0.025 2.50% 1.025 434.44k 139
09/14/16 0.175 0.20 0.175 0.20 1,021,280 0.125 14.29% 1.00 196.47k 80
09/13/16 0.17 0.18 0.165 0.175 289,600 0.025 2.94% 0.875 50.36k 26
09/12/16 0.16 0.175 0.155 0.17 556,000 0.025 3.03% 0.85 91.14k 17
09/09/16 0.165 0.165 0.155 0.165 345,500 0.025 3.12% 0.825 55.51k 33
09/08/16 0.16 0.165 0.16 0.16 1,003,000 -0.025 -3.03% 0.80 161.72k 32
09/07/16 0.16 0.175 0.16 0.165 406,650 0.025 3.12% 0.825 66.57k 37
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated (View delay times for all exchanges). RT Real-Time, RTB Real-Time BATS BZX Price/Quote; not sourced from all markets, RTN Real-Time NASDAQ Price/Quote; not sourced from all markets, EOD End Of Day, PD Previous Day. H Halted, r Restriction started today, r Restriction carried over from prior day . Market Data powered by QuoteMedia. Terms of Use.
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Company Search: Niobay Metals Inc.
Industry Group: All
Document Selection: All Sorted: By Issuer
Date From: October 7 2015
Date To: October 7 2016
Search results 1-100
Company Name Date of Filing Time of Filing Document Type File Format File Size
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (E)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CEO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (E)
PDF 85 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:45:53 ET
52-109F1 - Certification of annual filings - CFO (F)
PDF 89 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CEO (E)
PDF 109 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CEO (F)
PDF 74 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CFO (E)
PDF 109 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:06:10 ET
52-109F2 - Certification of interim filings - CFO (F)
PDF 75 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CEO (F)
PDF 83 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:12:20 ET
52-109FV1 - Certification of annual filings - CFO (F)
PDF 84 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (E)
PDF 79 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CEO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (E)
PDF 77 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:24:08 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 82 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:31:27 ET
52-109FV2 - Certification of interim filings - CFO (F)
PDF 81 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:42:41 ET
Annual information form - English
PDF 578 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - English
PDF 1265 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
Audited annual financial statements - French
PDF 1381 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Certificate re dissemination to shareholders
PDF 65 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Certificate re dissemination to shareholders
PDF 19 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - English
PDF 229 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - English
PDF 363 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Form of proxy - French
PDF 400 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Form of proxy - French
PDF 417 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - English
PDF 436 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - English
PDF 358 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:02:52 ET
Interim financial statements/report - English
PDF 427 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:21:00 ET
Interim financial statements/report - French
PDF 511 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:25:59 ET
Interim financial statements/report - French
PDF 770 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:02:52 ET
Interim financial statements/report - French
PDF 800 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 162 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from former auditor
PDF 152 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 87 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Letter from successor auditor
PDF 88 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - English
PDF 532 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - English
PDF 543 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Management information circular - French
PDF 506 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Management information circular - French
PDF 700 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - English
PDF 107 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - English
PDF 579 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - English
PDF 44 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - English
PDF 60 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - English
PDF 395 K
Niobay Metals Inc. (formerly MDN INC.) Sep 23 2016 13:10:20 ET
Material change report - French
PDF 108 K
Niobay Metals Inc. (formerly MDN INC.) Sep 6 2016 13:56:44 ET
Material change report - French
PDF 573 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:03:48 ET
Material change report - French
PDF 46 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 16:30:17 ET
Material change report - French
PDF 61 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:34:39 ET
Material change report - French
PDF 514 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - English
PDF 302 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - English
PDF 242 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - English
PDF 329 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:04:05 ET
MD&A - English
PDF 332 K
Niobay Metals Inc. (formerly MDN INC.) Aug 25 2016 16:22:30 ET
MD&A - French
PDF 397 K
Niobay Metals Inc. (formerly MDN INC.) May 26 2016 16:28:00 ET
MD&A - French
PDF 176 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:09:48 ET
MD&A - French
PDF 273 K
Niobay Metals Inc. (formerly MDN INC.) Nov 12 2015 15:04:05 ET
MD&A - French
PDF 344 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - English
PDF 332 K
Niobay Metals Inc. (formerly MDN INC.) Apr 6 2016 14:37:59 ET
MD&A (amended) - French
PDF 280 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - English
PDF 301 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - English
PDF 296 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - English
PDF 392 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - English
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 18 2016 13:46:55 ET
News release - English
PDF 287 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - English
PDF 119 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - English
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - English
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - English
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - English
PDF 352 K
Niobay Metals Inc. (formerly MDN INC.) Sep 20 2016 16:01:48 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Sep 2 2016 09:15:05 ET
News release - French
PDF 299 K
Niobay Metals Inc. (formerly MDN INC.) Aug 4 2016 16:31:06 ET
News release - French
PDF 303 K
Niobay Metals Inc. (formerly MDN INC.) Jul 26 2016 16:03:36 ET
News release - French
PDF 393 K
Niobay Metals Inc. (formerly MDN INC.) Jul 19 2016 16:09:39 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Jun 28 2016 12:20:43 ET
News release - French
PDF 120 K
Niobay Metals Inc. (formerly MDN INC.) Jun 17 2016 08:16:52 ET
News release - French
PDF 113 K
Niobay Metals Inc. (formerly MDN INC.) Jun 15 2016 09:06:13 ET
News release - French
PDF 292 K
Niobay Metals Inc. (formerly MDN INC.) Jun 7 2016 13:23:33 ET
News release - French
PDF 304 K
Niobay Metals Inc. (formerly MDN INC.) Mar 16 2016 16:42:18 ET
News release - French
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:32:44 ET
News release - French
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 322 K
Niobay Metals Inc. (formerly MDN INC.) Dec 11 2015 14:41:14 ET
Notice
PDF 326 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - English
PDF 422 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - English
PDF 149 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Notice of meeting - French
PDF 357 K
Niobay Metals Inc. (formerly MDN INC.) May 5 2016 12:12:31 ET
Notice of meeting - French
PDF 151 K
Niobay Metals Inc. (formerly MDN INC.) Jul 8 2016 14:11:00 ET
Notice of the meeting and record date - English
PDF 285 K
Niobay Metals Inc. (formerly MDN INC.) Mar 24 2016 12:55:18 ET
Notice of the meeting and record date - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Apr 14 2016 14:32:16 ET
Notice of the meeting and record date (amended) - English
PDF 100 K
Niobay Metals Inc. (formerly MDN INC.) Mar 31 2016 18:08:38 ET
ON Form 13-502F1 (Class 1 Reporting Issuers - Participation Fee)
PDF 671 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
PDF 216 K
Niobay Metals Inc. (formerly MDN INC.) Aug 5 2016 15:13:35 ET
Other
PDF 229 K
Niobay Metals Inc. (formerly MDN INC.) Oct 4 2016 16:50:15 ET
Other securityholders documents - French
PDF 46 K
Niobay Metals Inc. (formerly MDN INC.) Aug 12 2016 12:06:23 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
Niobay Metals Inc. (formerly MDN INC.) Jun 29 2016 16:53:52 ET
Report of exempt distribution excluding Schedule 1 of 45-106F1
PDF 50 K
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INSIDERS[color=red][/color]
Insiders
FilingInsider Summary for Niobay Metals Inc. (NBY:APH)
Canadian Filings
SEDI Insider Trades
Last 3 Mo Last 12 Mo
Number of Insider Trades 0 2
Number of Buys 0 2
Number of Sells 0 0
Net Activity 0 1,000,000
Last 15 Trades Shares Bought Shares Sold
Dufresne, Claude 500,000
Dufresne, Claude 500,000
Dufresne, Claude 700,000
Dufresne, Claude 700,000
Dufresne, Claude 700,000
Dufresne, Claude 700,000
Dufresne, Claude 700,000
Dufresne, Claude 700,000
Dufresne, Claude 700,000
Bonneau, Jacques 4,500
LaValliere, Robert 12,000
LaValliere, Robert 28,000
Mitchell, Bruce 433,000
Mitchell, Bruce 550,000
Gobeil, Paul 42,500
View Section 16 Filings (Forms 3,4,5) for NBY:APH All Insiders Activity for NBY:APH
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated (View delay times for all exchanges). RT Real-Time, RTB Real-Time BATS BZX Price/Quote; not sourced from all markets, RTN Real-Time NASDAQ Price/Quote; not sourced from all markets, EOD End Of Day, PD Previous Day. H Halted, r Restriction started today, r Restriction carried over from prior day . Market Data powered by QuoteMedia. Insiders by Morningstar (USA) and SEDI(CDN). Terms of Use.