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Nio Strategic Metals Inc V.NIO

Alternate Symbol(s):  NIOCF

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.


TSXV:NIO - Post by User

Post by RTOon Jul 12, 2019 9:00am
298 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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