Monday, June 04, 2018 11:08:13 AM
Niobay’s primary focus is the development of Green Critical Metals. Niobium, one of these critical metals, is known for its applications in the steel industry such as strengthening high-strength-low-alloy steels, weldability, flexibility, and toughness. Moreover, the development of its other characteristics such as its conductivity and capacity to refine aluminium grain is increasing its possible applications in electric vehicles and vehicle parts, thus leading to the reduction of carbon emissions.
Niobay Metals also has interest in the exploration property of Base Metals & Gold. The company has an option to acquire a majority ownership and is partnered with Midland Exploration for the exploration of Gold in the region of La Peltrie, Quebec. It also has a joint venture with SOQUEM for the Clairy, Lac Shortt/Lesperance, Le Tac, and Lac des Meloizes properties which are located throughout the province of Quebec.
Niobay Metals going forward
Efforts over the next years will turn to the development of the James Bay Niobium project. It is a world-class project and could allow Niobay to be among the four Niobium producers in the world. The development of the project should contribute to the creation of value for the shareholders.
Claude Dufresne, P. Eng.
President and CEO
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