Sarissa Resources Inc (SRSR)

[overachiever]

I don't think they were specifically looking for Niobium in the 50s. I think they were likely looking for large quantities of Uranium or other more valuable minerals at the time.

The market for Niobium in the 50s was not all that good. Niobium was relatively cheap then and not widely used in steel production. it is only over the last couple of decades with improved technologies that niobium has seen a stronger market.

Tantalum was also not a highly desired mineral then. That market has developed with the electronics market (as in cell phones and computers)over the last 20 to 25 years as well.