Nio Strategic Metals Inc V.NIO

Alternate Symbol(s): NIOCF

Metals & Mining Industrial Metals & Minerals

Nio Strategic Metals Inc. is a Canada-based exploration and development company, with a focus on ferroniobium. The Company holds a niobium property located in Oka and near Mont-Laurier, and Quebec and other exploration property in the province of Quebec. The Company’s Oka mining property consists of mining rights comprised of 98 claims covering 5,429 acres. The Company owns mining rights for the iron property of Great Whale comprising 63 claims covering 7,687 acres on the Hudson Bay territory. The Great Whale Iron Property is composed of three deposits, A, D, and E, located on the eastern shore of Hudson Bay. It owns mining rights for the niobium property of Fafnir comprising 85 claims covering 12,241 acres located around 60 kilometers away from Mont-Laurier.

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Nio Strategic Metals Inc

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Post by rover2019on Aug 06, 2009 9:06pm

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Post# 16198284

Niobium Price Increasing

Anyone check out IAMGold's financials today? Here are a few tidbits:

- The second quarter operating margin of $19 per kilogram of niobium increased by 27% compared to $15 per kilogram in the prior year period. This was primarily a result of an increase in the niobium price.

- The decrease in niobium production was a result of lower tonnage hoisted and processed and lower grades and recoveries

More support for why people should be interested in these rare metals. Great gains to be had.

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