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Nio Strategic Metals Inc V.NIO

Alternate Symbol(s):  NIOCF

Nio Strategic Metals Inc. is a Canada-based development stage. The Company has mineral exploration and development properties in the province of Quebec. It holds an exploration niobium property in Oka, Quebec and an exploration iron property in the James Bay area, Quebec. The Company’s Oka mining property consist of mining rights comprised of 98 claims covering 5,429 acres and the Great Whale property consisted of surface and mining rights comprised of 98 claims covering 11,964 acres on the Hudson Bay territory. The Company's Great-Whale iron property consists of three deposits, such as A, D, and E, which are located on the east shore of Hudson Bay.


TSXV:NIO - Post by User

Post by RTOon Jul 12, 2019 9:00am
255 Views
Post# 29912396

Specific Land Claim Settlement of $128 million Kanesatake!!

Specific Land Claim Settlement of $128 million Kanesatake!!The OKA deposit has been on hold due to an outstanding aboriginal "specific" land claims negotiation for over a decade. Now that the $128million proposed settlement has been announced, that would free up all property in the claimed territory of the two mountains area, including of course the deposit. Specific land claims are settled by monetary compensation, not expropriation, and the compensation amount is designed to buy property on the open market, if the aboriginals wish to do so. The municipality of OKA will now be able to reap the royalty and economic benefits once the last permit is issued, being the CA (certificate of authorization) which allows you to go into commercial production, having received all previous permits required. Niobium is used mainly to strengthen structural steel, makes steel lighter in cars for less CO2 emissions, but also in electric car batteries for further distances on a single charge and medical CT scans, no name only a few. The company also owns the Great Whale Iron deposit in James Bay. This is a 100% magnetite billion ton resource with a content of 36%-41% Fe, right next to a deep water port and LG2 hydro electric generationg station. There are no NSR (net smelter) royalties on the property. The ideal location and a metal that will benefit from the trade tarriff war. I believe the company has the goods to benefit going forward.
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