Nio Strategic Metals Inc. , today announced that it has arranged a private placement of 5,483,333 flow-through common shares of the Company that will qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act for gross proceeds of approximately $329,000. The Private Placement remains subject to final acceptance of the TSX Venture Exchange and the Company's receipt of all necessary [...]
Nio Strategic Metals Inc. , 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 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 26.9% Niobium publicly announced [...]
Nio Strategic Metals Inc. , a critical and strategic metals mining exploration company, is pleased to announce that has entered into arm's length consulting agreements , with two consultants to provide strategic guidance for its Niobium property in Oka. As of this date, Services totaling $ 30,000 have been received under the Agreements from each consultant and those fees are being satisfied through the issuance of five [...]
Nio Strategic Metals Inc. is pleased to announce that, further to its news releases dated May 1st, 2024, it has closed the acquisition of all outstanding shares, representing a 100% interest, in 1478472 B.C. Ltd. a company holding 90 mining claims comprising the Fafnir Project in Quebec, Canada . The Project covers approximately 4,956 hectares located approximately 60 km north west of Mont Laurier, and 165 km north of [...]
TheNewswire - Nio Strategic Metals Inc. is pleased to announce that it has entered into a share purchase agreement to acquire 100% of the issued and outstanding shares of 1478472 B.C. Ltd., a company holding a 100% interest in the mining claims comprising the Fafnir Project in Quebec, Canada . The Project is comprised of 90 mineral claims covering approximately 4,956 hectares located approximately 60km north west of Mont [...]
Nio Strategic Metals announces that it has amended its $500,000 unsecured loan agreement with Nio-Metals Holdings LLC dated March 17, 2021 to extend the maturity date to April 30, 2025, subject to no other condition. Following the cash reimbursement of $50,000, the Amended Loan Agreement has been reduced to $450,000. Except for the maturity date and the principal amount, the other material terms and conditions of the [...]
Nio Strategic Metals Inc. reports that government initiatives for development of critical and green metals continue to reinforce the value of the Company's niobium resource at the Oka Project. "Canadian and U.S. governments are really pushing new strategies and funding initiatives to address the problem of critical mineral supplies," said Nio President and CEO Hubert Marleau. "North America and Europe are just too [...]
Nio Strategic Metals nnounces management and directors of the Company have exercised all of their common share purchase warrants they detained, generating aggregate proceeds of approximately C$54,000 to the Company. Together with its previous cash balances, Nio now has approximately C$1.1 million in cash. The warrants were issued in connection with the Corporation's private placement of units completed in October 2021 and [...]
Niocan Inc. is pleased to announce that the TSX Venture Exchange has conditionally approved the change of name of the Company to Nio Strategic Metals Inc. The name change was approved by Niocan's shareholders at the annual and special meeting held on May 6, 2022. The Corporation expects the name change to become effective at the opening of markets on Wednesday, June 15, 2022. The Corporation will continue trade under the [...]
Niocan Inc. is pleased to announce the results of its annual general and special meeting of shareholders of the Corporation held Friday, May 6, 2022. Each of the nominee directors listed in the Corporation's management information circular dated April 7, 2022, Julie Lemieux, Guy Arbour, Guy Charette, Hubert Marleau, Mark D. Wallace and Hubert Vallee was elected as director of the Corporation by the Shareholders. The [...]
Niocan announces that it has closed its previously announced conversion of $3.6 million of debt into equity. The Conversion will result in immediate interest cost savings and will place the Company in a much stronger financial position for the benefit of all shareholders. Pursuant to the terms of the agreement entered into between the Company and Nio-Metals Holdings, one of its principal shareholders, $3,573,521 in [...]
Niocan announces its intention to strengthen its balance sheet through a combination of converting into equity and deferring the maturity date of long-term debt owing to Nio-Metals Holdings, one of its principal shareholders. Pursuant to the terms of the agreement in principle entered into between the Company and Nio-Metals, approximately $3,573,521 in principal and accrued interest owing under the terms of a secured [...]
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