NioBay Metals Inc. announces new resource estimate for the Crevier niobium and tantalum project, owned 72.5% by NioBay and 27.5% by Niobec. The estimate converted 16,257,000 tons at 0.17% Nb₂O₅ and 201 ppm Ta₂O₅ into measured resources, a significant improvement from the previous estimate.

The 2026 MRE was completed in accordance with NI 43-101 regulations, based on updated resources and an optimized pit. Production costs were revised, and various selling price scenarios analyzed. The estimate includes additional drilling and metallurgical test data, enhancing the economic model for the project.

President and CEO of NioBay Metals, Jean-Sébastien David, highlighted the robustness of the new resource estimate for the Crevier project. Discussions with potential clients and partners will be based on these results, with a focus on producing niobium oxide for battery and superalloy manufacturers.

NioBay aims to lead in environmentally responsible mining practices, prioritizing Indigenous community engagement. The company holds interests in the James Bay Niobium Project in Ontario and the Crevier Niobium and Tantalum project in Quebec, emphasizing social responsibility and stakeholder inclusion.

Niobium, a versatile and corrosion-resistant metal, enhances material properties in various sectors. When added to steel, glass, and aluminum, niobium improves efficiency, reduces environmental impact, and adds value to end products.

Cautionary note: Forward-looking statements in this press release are subject to risks and uncertainties. The company does not guarantee updates to these statements given changing factors. The TSX Venture Exchange does not endorse the release’s accuracy or adequacy.

Read more at GlobeNewswire: NioBay Announces a New Resource Estimate on Its Crevier