Nio Strategic Metals Expands Its Fafnir Project
Nio Strategic Metals has expanded its Fafnir Project by acquiring an additional 1,274 hectares through staking, comprising 22 claims. The expanded project now covers approximately 6,230 hectares and is located 60 km northwest of Mont Laurier and 165 km north of Gatineau. The new claim block, situated 10km northeast of the original Fafnir Project, shares 10km of contiguity with Rush Rare Earth's Boxy project, which reported notable Niobium assays up to 26.9%. The area shows promising Niobium enrichment, demonstrated by 15 lake bottom samples within a 30 km radius.
Nio Strategic Metals ha ampliato il suo Progetto Fafnir acquisendo ulteriori 1.274 ettari tramite staking, comprendenti 22 diritti minerari. Il progetto ampliato copre ora circa 6.230 ettari ed è situato a 60 km a nord-ovest di Mont Laurier e a 165 km a nord di Gatineau. Il nuovo blocco di diritti, situato a 10 km a nord-est del progetto Fafnir originale, confina per 10 km con il progetto Boxy di Rush Rare Earth, il quale ha riportato notevoli assay di Niobio fino al 26,9%. L'area mostra un promettente arricchimento di Niobio, dimostrato da 15 campioni prelevati dal fondo dei laghi in un raggio di 30 km.
Nio Strategic Metals ha expandido su Proyecto Fafnir al adquirir 1.274 hectáreas adicionales a través de staking, que comprenden 22 reclamos. El proyecto ampliado ahora cubre aproximadamente 6.230 hectáreas y está ubicado a 60 km al noroeste de Mont Laurier y 165 km al norte de Gatineau. El nuevo bloque de reclamos, situado a 10 km al noreste del proyecto Fafnir original, comparte 10 km de continuidad con el proyecto Boxy de Rush Rare Earth, el cual reportó notables análisis de Niobio de hasta el 26,9%. La zona muestra una prometedora enriquecimiento de Niobio, como lo demuestra 15 muestras de fondo de lago dentro de un radio de 30 km.
니오 스트래티직 메탈스가 추가로 1,274 헥타르를 스테이킹하여 파프니르 프로젝트를 확장했습니다. 이는 22개의 청구권을 포함합니다. 확장된 프로젝트는 이제 약 6,230 헥타르를 커버하며, 몽 로리어에서 북서쪽으로 60km, 가티노에서 북쪽으로 165km에 위치합니다. 새로운 청구 블록은 원래의 파프니르 프로젝트에서 북동쪽으로 10km 떨어져 있으며, Rush Rare Earth의 Boxy 프로젝트와 10km의 연속성을 공유합니다. 이 프로젝트는 최대 26.9%의 주목할 만한 니오븀 함유량을 보고했습니다. 이 지역은 30km 반경 내에서 15개의 호수 바닥 샘플로 입증된 유망한 니오븀 농축을 보여줍니다.
Nio Strategic Metals a élargi son Projet Fafnir en acquérant 1 274 hectares supplémentaires par staking, comprenant 22 revendications. Le projet élargi couvre désormais environ 6 230 hectares et est situé à 60 km au nord-ouest de Mont Laurier et à 165 km au nord de Gatineau. Le nouveau bloc de revendications, situé à 10 km au nord-est du projet Fafnir d'origine, partage 10 km de continuité avec le projet Boxy de Rush Rare Earth, qui a rapporté des analyses de Niobium remarquables allant jusqu'à 26,9 %. La zone montre une enrichissement prometteur en Niobium, comme le démontrent 15 échantillons prélevés sur le fond des lacs dans un rayon de 30 km.
Nio Strategic Metals hat sein Fafnir-Projekt durch den Erwerb von zusätzlichen 1.274 Hektar durch Staking erweitert, was 22 Ansprüche umfasst. Das erweiterte Projekt umfasst nun etwa 6.230 Hektar und liegt 60 km nordwestlich von Mont Laurier und 165 km nördlich von Gatineau. Der neue Anspruchsblock, der 10 km nordöstlich des ursprünglichen Fafnir-Projekts liegt, grenzt über 10 km an das Boxy-Projekt von Rush Rare Earth, das bemerkenswerte NIOBIUM-Untersuchungen von bis zu 26,9 % reported hat. Die Gegend zeigt vielversprechende Niobium-Anreicherung, die durch 15 Bodenproben aus Seen in einem Radius von 30 km nachgewiesen wurde.
- Strategic expansion of land position by 1,274 hectares
- Property adjacent to high-grade Niobium discovery (26.9% Niobium assays)
- Excellent infrastructure access and low exploration costs
- Located in proximity to known Niobium and Uranium deposits
- None.
Montreal, Quebec--(Newsfile Corp. - November 14, 2024) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC Pink: NIOCF) ("Nio" or the "Company"), a critical and strategic metals mining exploration company, is pleased to announce that it has acquired, through staking, an additional 1,274 hectares over 22 claims adjacent to the Company's Fafnir Project (the "Fafnir Project").
The claim block, 10km north east of Nio's Fafnir Project, has 10km of contiguity to Rush Rare Earth's Boxy project, notable for Niobium assays as high as
Figure 1
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The recently purchased Fafnir Project in Quebec now covers approximately 6,230 hectares or 62 Kilometers squared and located approximately 60 km north west of Mont Laurier, and 165 km north of Gatineau and is home to some large high-grade niobium and Uranium deposits and discoveries. There is excellent access to all parts of the property that are held strategically throughout the region.
Figure 2
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"I am excited these additions The Fafnir Project presents a highly prospective opportunity for niobium mineralization based upon historical reports, especially given its close proximity to infrastructure, ease of access, and low exploration and operating costs,", said Nio President and CEO Hubert Marleau. "Our intention is to perform explorations works during next summer and assess how this property can support the decarbonization effort from the use of Niobium," he added.
"The similar geology, coupled with known mineral occurrences near the Fafnir project, represents an exciting opportunity to expand our portfolio," said Marleau.
Qualified Person
Pierre-Jean Lafleur, Eng., and geological consultant, is a qualified person within the meaning of National Instrument 43-101 on standards of disclosure for mineral projects. He has reviewed and approved the technical information contained in this press release.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Company holds a niobium properties located in Oka and near Mont-Laurier, and Québec and other 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:
Hubert Marleau
Chairman, President and Chief Executive Officer
nio.investorinformation@gmail.com or 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/229961
FAQ
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