NioBay Metals Inc. has announced a significant development for its Crevier niobium and tantalum project, re...
Published / Modified Apr 09 2025
CSIMarket Team / CSIMarket.com
NioBay Secures $400,000 Grant to Advance Crevier Niobium and Tantalum Project NioBay Metals Inc. has announced a significant development for its Crevier niobium and tantalum project, receiving a $400,000 grant as part of the Mining Exploration Support Program for Critical and Strategic Minerals from the Ministry of Natural Resources and Forests (MRNF). This funding will facilitate exploration and development efforts for the Crevier Project, which includes both the southern and northern extensions of the originally identified resources.
The Crevier Project is strategically located approximately 50 kilometers north of Girardville, Quebec, and about 150 kilometers from the Niobec mine, further emphasizing its importance in the regional mineral landscape. The area is situated within Nitassinan, which is the ancestral territory of the Pekuakamiulnuatsh First Nation. NioBay has expressed pride in being able to engage with the local community and adhere to principles of responsible and sustainable development as outlined in its partnership with indigenous peoples.
The funding bolsters NioBay?s ability to capitalize on the increasing demand for niobium and tantalum, two critical minerals essential for various advanced technologies, including electronics, aerospace components, and renewable energy solutions. The grant underscores the government s commitment to supporting the development of strategic mineral resources within Quebec, promoting both economic NBYCF">growth and responsible resource management.
NioBay?s Chief Executive Officer highlighted in the announcement the potential of the Crevier Project not only to contribute to local economic activities but also to sustain ongoing relations with the Pekuakamiulnuatsh community, ensuring that the exploration and eventual extraction processes align with both environmental stewardship and community expectations.
In conclusion, the grant from the MRNF is a pivotal step for NioBay as it seeks to further develop its niobium and tantalum resources at the Crevier Project, aligning with national interests in critical minerals amidst a growing global market.
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