Nio Announces Financial Support for Its Niobium Project in Oka
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) has secured financial assistance of up to $400,000 from the Elements08 Strategic Metals Excellence Centre for its Oka niobium project. The funding will support innovation in metallurgic and mining waste water processes to enable niobium production.
The initiative involves collaboration between Nio and the Centre technologique des résidus industriels (CTRI), with support from Impact Global Solutions Inc. (IGS). The expertise will be utilized to develop optimal metallurgic treatment processes and reduce environmental impact from mining waste water.
The program is part of Quebec's strategy to develop critical and strategic minerals (CSM) while ensuring responsible and sustainable mining practices.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) ha ottenuto assistenza finanziaria fino a $400.000 dal Centro di Eccellenza in Metalli Strategici Elements08 per il suo progetto di niobio a Oka. Il finanziamento sosterrà l'innovazione nei processi di trattamento delle acque reflue metallurgiche e minerarie per abilitare la produzione di niobio.
L'iniziativa prevede una collaborazione tra Nio e il Centro technologique des résidus industriels (CTRI), con il supporto di Impact Global Solutions Inc. (IGS). L'expertise sarà utilizzata per sviluppare processi di trattamento metallurgico ottimali e ridurre l'impatto ambientale delle acque reflue minerarie.
Il programma fa parte della strategia del Québec per sviluppare minerali critici e strategici (CSM) garantendo pratiche minerarie responsabili e sostenibili.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) ha asegurado asistencia financiera de hasta $400,000 del Centro de Excelencia en Metales Estratégicos Elements08 para su proyecto de niobio en Oka. La financiación apoyará la innovación en los procesos de tratamiento de aguas residuales metalúrgicas y mineras para habilitar la producción de niobio.
La iniciativa implica una colaboración entre Nio y el Centro technologique des résidus industriels (CTRI), con el apoyo de Impact Global Solutions Inc. (IGS). La experiencia se utilizará para desarrollar procesos de tratamiento metalúrgico óptimos y reducir el impacto ambiental de las aguas residuales mineras.
El programa es parte de la estrategia de Quebec para desarrollos de minerales críticos y estratégicos (CSM) asegurando prácticas mineras responsables y sostenibles.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF)는 Oka 니오븀 프로젝트를 위해 Elements08 전략 금속 우수 센터로부터 최대 $400,000의 재정 지원을 확보했습니다. 이 자금은 니오븀 생산을 가능하게 하기 위해 금속 및 광산 폐수 처리 과정의 혁신을 지원합니다.
이 이니셔티브는 Nio와 산업 잔여물 기술 센터(CTRI) 간의 협업을 포함하며, Impact Global Solutions Inc. (IGS)의 지원을 받습니다. 이 전문 지식은 최적의 금속 처리 프로세스를 개발하고 광산 폐수로 인한 환경 영향을 줄이는 데 사용될 것입니다.
이 프로그램은 책임감 있고 지속 가능한 채굴 관행을 보장하면서 중요한 전략적 광물(CSM)을 개발하기 위한 퀘벡의 전략의 일부입니다.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) a sécurisé une aide financière allant jusqu'à $400,000 du Centre d'Excellence en Métaux Stratégiques Elements08 pour son projet de niobium à Oka. Ce financement soutiendra l'innovation dans les processus de traitement des eaux usées métallurgiques et minières afin de permettre la production de niobium.
Cette initiative implique une collaboration entre Nio et le Centre technologique des résidus industriels (CTRI), avec le soutien d'Impact Global Solutions Inc. (IGS). L'expertise sera utilisée pour développer des processus de traitement métallurgique optimaux et réduire l'impact environnemental des eaux usées minières.
Le programme fait partie de la stratégie du Québec pour développer des minéraux critiques et stratégiques (CSM) tout en garantissant des pratiques minières responsables et durables.
Nio Strategic Metals (TSXV: NIO) (OTC Pink: NIOCF) hat finanzielle Unterstützung von bis zu $400.000 vom Elements08 Strategic Metals Excellence Centre für sein Niobprojekt in Oka gesichert. Die Finanzierung wird Innovationen in der Metallurgie und bei Abwasserprozessen im Bergbau unterstützen, um die Niobproduktion zu ermöglichen.
Die Initiative umfasst eine Zusammenarbeit zwischen Nio und dem Centre technologique des résidus industriels (CTRI), mit Unterstützung von Impact Global Solutions Inc. (IGS). Das Fachwissen wird genutzt, um optimale metallurgische Behandlungsprozesse zu entwickeln und die Umweltbelastung durch Bergbauabwasser zu reduzieren.
Das Programm ist Teil der Strategie von Québec, kritische und strategische Mineralien (CSM) zu entwickeln und gleichzeitig verantwortungsvolle und nachhaltige Bergbaupraktiken zu gewährleisten.
- Secured $400,000 in financial assistance for the Oka niobium project
- Government support for critical minerals development
- Project still in exploration stage with no revenue generation
- Additional funding may be required for full project development
Montreal, Quebec--(Newsfile Corp. - February 4, 2025) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC Pink: NIOCF) ("Nio" or the "Company"), is pleased to announce financial assistance up to a maximum of
This financial support was granted as part of Elements 08's initiative and considers collaboration between the Company and the Centre technologique des résidus industriels («CTRI»). The expertise of the CTRI with the support of Impact Global Solutions Inc. ("IGS") will be required to develop an optimal metallurgic treatment process and reduce environmental impact from mining waste water. This program supports companies in the mineral exploration sector in carrying out their projects aimed at developing critical and strategic minerals («CSM») from deposits in Quebec and ensuring responsible and sustainable mining.
Hubert Marleau, President and CEO, said, "The Company focus is to derisk the overall project through the advancement of greener processing options and the optimisation of the contained CSM's extraction in adequation with the best practices ensuring optimal environmental, social, and governance outcomes. The Government of Quebec, through this Elements08 initiative and the support of CTRI and IGS, is making crucial investments in critical minerals, and seizing the economic opportunity the clean economy presents in line with our goal to become a critical minerals supplier of choice and create good jobs and economic opportunities for years to come," added Mr. Marleau.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Company holds niobium properties located in Oka and near Mont-Laurier and another exploration property in the Province of Québec.
For more information on the Company, please refer to the Company's public documents available on SEDAR (www.sedarplus.ca) or on the Company's website (https://niostratmet.com/) or contact:
Bruno Dumais, Chief Financial Officer
nio.bdumais@gmail.com
514-560-7623
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, "forward looking statements") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statement contains these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239557
FAQ
What is the amount of financial assistance received by NIOCF for the Oka niobium project?
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