IGS Study Proposes Innovative and Sustainable Development of Oka Deposit Metallurgical Tests Confirm Niobium and Rare Earths Content
IGS Study Proposes Innovative and
Sustainable Development of Oka Deposit
Metallurgical Tests Confirm Niobium and Rare Earths Content
Montreal, Quebec--(Newsfile Corp. - August 4, 2026) - Nio Strategic Metals Inc. (TSXV: NIO) (OTCQB:
NIOCF) ("
Nio
" or the "
Corporation
"), a critical mineral exploration company, is pleased to announce the
results of the metallurgical study,
The sustainable and optimized development of niobium and other
critical and strategic minerals (CSM) of the Oka deposit
, which was prepared by IGS Impact Global
Solutions ("
IGS
"), for the Centre technologique des résidus industriels ("
CTRI
") as part of the
Éléments08 initiative. CTRI is a Rouyn-Noranda based applied research and technology transfer centre
on industrial tailings.
In addition to confirming and characterizing the strong presence of niobium, phosphate and other rare
metals, IGS provides an innovative solution to process the concentrate from the deposit in a remote
location, thereby reducing the local environmental impact.
The study investigates the opportunity to maximize the recovery value of the mined concentrate by using
hydrometallurgical extraction of rare earth elements ("
REE
"), niobium, tantalum and zirconium. IGS also
recommends further tests to assess the monetization of phosphate while producing the pyrochlore
concentrate, as samples of the historical resource have tested 4.29% P
2
O
5
(see Table 1).
IGS tested 95 samples taken from historical drill cores of the S60 and HWM2 zones to create a
composite sample representative of the historical resource (see Table 1). The significant presence of
REE was confirmed in the zone targeted for mining. The results, summarized in Table 2, demonstrate
that the total rare earth oxide ("
TREO
"), content is 0.507% TREO for the composite simulating that of the
2011 feasibility study (FSG) and 0.935% TREO for the composite (HGG) designated as high-grade in
Nb
₂
O
₅
.
A high-grade Nb composite sample (HGG), prepared at CTRI, was sent to SGS for a mineralogical
study performed using TIMA (Tescan Integrated Mineral Analyzer) and electron microprobe analysis
(EMPA). Flotation test work performed on the metallurgical test composite delivered, in open circuit, a
pyrochlore concentrate grading 52.75% niobium pentoxide (Nb
₂
O
₅
) at a niobium recovery of 81.14% —
a substantial improvement over the historical baseline of 44.5% Nb
₂
O
₅
at 71.7% recovery established in
the 2011 feasibility work. This was achieved with a markedly simpler flowsheet.
The concentrate additionally contained 11.75% TREO — of which approximately 83% is cerium oxide
(CeO
₂
), 9% neodymium oxide (Nd
₂
O
₃
) and 3% praseodymium oxide (Pr
₆
O
₁₁
) — together with 1.5%
zirconium (Zr), equivalent to 2.0% zirconium oxide (ZrO
₂
), and 0.4% tantalum (Ta), equivalent to 0.49%
tantalum pentoxide (Ta
₂
O
₅
). The full rare earth distribution of the concentrate is detailed in Table 3.
Michel Bourassa, founder of Soutex, commented, "these results demonstrate once again how the rock of
the Oka deposit is rich in niobium and rare earths and, moreover, is amenable to various metallurgical
treatment processes."
Bruno Dumais, President and Chief Operator Officer suggested that "The study points to a potential
increase in the project's value by enabling a better niobium recovery; recovery of phosphate as a by-
product (historically sent to tailings); and the extraction of REE that would otherwise be disregarded and
lost in the slag."
Importantly, the new approach would minimize the environmental impact of the residues as the tests
demonstrated it was possible to significantly reduce the thorium and uranium contents from 2,000 and
1,000 parts per million (ppm) to 824 and 120 ppm, respectively (see Table 4). This solution innovates in
its approach, as well as provides a de-risking plan to rehabilitate the tailings on the old mining site.
The Corporation looks forward to communicating on the results of the CTRI sponsored study on water
management and other environmental aspects of the sustainable development of the Oka deposit.
The technical information in this news release has been reviewed and approved on behalf of the
Corporation by Pierre-Jean Lafleur, P.Eng., a geological consultant and a qualified person within the
meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Table 1.
Composition of the individual drill-core samples used to produce the metallurgical test
composite (IGS)
No.
Drill
hole
Lab no.
Zone
Mass (g)
Nb
2
O
5
P
2
O
5
Fe
2
O
3
SiO
2
Al
2
O
3
MgO
CaO
Na
2
O
K
2
O
TiO
2
MnO
BaO
(wt %)
1
9722
80348
HWM2
374.7
0.520
2.950
2.620
3.670
0.210
2.000
49.100
0.170
0.210
0.100
0.780
0.330
2
9733
81359
S60
314.3
0.520
4.130
4.060
13.300
3.720
5.400
35.400
1.540
1.330
0.170
1.030
0.440
3
9744
81988
S60
335.5
0.520
4.390
4.260
2.900
0.030
2.880
45.800
0.270
0.140
0.080
1.540
0.380
4
9748
82321
S60
391.9
0.520
3.110
2.570
9.430
2.030
4.030
44.100
0.360
0.980
0.150
0.790
0.240
5
9748
82343
S60
360.2
0.520
3.810
1.670
2.480
0.070
2.450
50.400
0.100
0.120
0.060
0.650
0.100
6
9738
81624
S60
260.9
0.530
3.970
6.590
3.650
0.090
4.600
42.300
0.240
0.200
0.150
2.160
0.880
7
9741
81880
S60
312.4
0.530
3.770
15.600
5.890
0.250
6.800
33.700
0.250
0.370
0.310
2.800
0.360
8
9741
81949
S60
372.8
0.530
3.690
4.670
6.010
1.280
3.100
44.600
0.200
0.760
0.340
1.190
0.340
9
9744
82093
S60
327.5
0.530
2.200
4.690
13.600
4.180
7.490
35.600
0.260
2.630
0.590
0.930
0.800
10
9748
82349
S60
386.6
0.530
3.340
2.260
2.410
0.050
2.440
50.300
0.110
0.130
0.070
0.690
0.110
11
9748
82384
S60
412.8
0.530
2.660
1.170
4.010
0.600
2.370
49.100
0.330
0.480
0.120
0.600
0.230
12
9729
81091
S60
334.3
0.540
2.380
3.650
3.600
0.340
5.160
41.200
0.230
0.430
0.070
3.070
0.840
13
9729
81102
S60
299.2
0.540
3.500
9.940
7.990
0.210
8.960
37.000
0.200
0.200
0.320
2.230
0.270
14
9733
81389
S60
255.2
0.540
3.850
2.790
7.030
1.420
3.610
45.100
0.580
0.580
0.120
0.800
0.350
15
9738
81627
S60
281.6
0.540
4.810
11.300
4.720
0.070
5.750
39.500
0.180
0.200
0.270
2.070
0.460
16
9741
81925
S60
270.5
0.540
2.760
8.540
22.500
6.630
11.100
18.200
0.370
4.480
0.900
1.870
1.560
17
9744
82118
S60
178.1
0.540
2.990
4.630
21.100
7.800
8.740
28.000
0.530
3.170
0.490
0.900
0.530
18
9748
82319
S60
384.1
0.540
2.910
1.550
3.160
0.340
1.650
51.000
0.100
0.240
0.100
0.500
0.250
19
9749
82423
HWM2
440.6
0.540
3.080
2.030
4.670
0.460
2.410
49.600
0.150
0.400
0.130
0.480
0.190
20
9723
80412
HWM2
384.3
0.550
3.860
4.570
8.060
1.010
4.220
44.300
0.270
0.730
0.400
1.080
0.230
21
9724
80571
HWM2
362.9
0.550
3.080
2.870
4.970
0.610
2.660
48.000
0.210
0.330
0.340
0.770
0.200
22
9730
81246
HWM2
349.2
0.550
3.440
7.970
9.030
1.280
2.230
42.900
0.250
0.430
0.430
0.910
0.550
23
9738
81629
S60
310.7
0.550
4.200
7.000
3.890
0.150
5.190
41.300
0.230
0.190
0.170
1.820
0.980
24
9741
81869
S60
336.4
0.560
5.820
11.800
6.600
0.110
6.940
34.800
0.320
0.290
0.220
2.710
0.840
25
9744
82097
S60
433.7
0.560
2.720
6.970
17.900
5.700
9.150
29.500
0.350
3.270
0.680
0.960
0.850
26
9729
81096
S60
338.4
0.570
3.720
3.660
4.240
0.140
3.640
46.400
0.360
0.230
0.120
1.060
0.320
27
9741
81939
S60
415.2
0.570
1.990
6.680
22.800
7.000
11.300
24.600
0.470
3.680
1.010
1.110
0.830
28
9744
82036
S60
336.3
0.570
5.310
5.760
4.210
0.090
4.740
43.400
0.360
0.190
0.130
1.480
0.210
29
9733
81361
S60
327.3
0.580
5.800
11.100
8.280
0.600
8.880
34.200
0.390
0.520
0.340
2.220
0.470
30
9741
81935
S60
370.1
0.580
3.410
3.030
5.440
1.320
3.850
45.500
0.260
0.940
0.200
0.790
0.380
31
9741
81940
S60
350.7
0.580
2.680
2.490
6.610
1.720
2.730
45.800
0.160
0.560
0.280
0.530
0.370
32
9748
82341
S60
435.4
0.580
2.940
4.720
4.210
0.560
3.490
43.900
0.200
0.400
0.110
2.330
1.510
33
9737
81641
S60
265.2
0.590
6.820
13.800
11.700
1.220
11.700
27.200
0.440
1.000
0.470
2.630
0.480
34
9737
81644
S60
110.9
0.590
4.850
4.460
4.570
0.730
4.150
40.900
0.180
0.570
0.200
2.420
1.650
35
9744
82043
S60
328.6
0.590
3.050
6.360
2.940
0.100
3.700
44.400
0.200
0.180
0.140
1.830
0.340
36
9722
80343
HWM2
392.1
0.600
3.410
3.230
14.300
3.000
5.360
39.200
0.770
1.230
0.340
0.670
0.250
37
9729
81104
S60
367.6
0.600
4.700
3.790
3.790
0.280
4.040
44.800
0.180
0.230
0.150
1.090
0.550
38
9746
82225
S60
367
0.600
5.220
23.000
8.560
0.270
10.500
20.700
0.170
0.320
0.450
4.310
2.560
39
9724
80565
HWM2
302.3
0.610
2.130
4.610
18.300
4.580
6.060
33.600
1.110
2.360
0.290
0.860
0.370
40
9749
82421
HWM2
343.6
0.610
2.280
1.660
4.000
0.390
2.250
50.500
0.100
0.350
0.110
0.520
0.100
41
9723
80397
HWM2
356.3
0.620
3.180
4.570
6.660
0.710
1.940
47.200
0.280
0.290
0.260
0.720
0.450
42
9728
80933
HWM2
406.2
0.630
2.870
2.540
4.350
0.240
2.390
49.800
0.170
0.230
0.150
0.740
0.200
43
9738
81632
S60
261
0.630
4.560
9.990
5.700
0.040
6.480
39.500
0.190
0.120
0.220
1.930
0.380
44
9741
81893
S60
322.1
0.630
5.790
15.000
6.490
0.230
7.980
31.700
0.240
0.320
0.310
2.990
0.530
45
9748
82342
S60
379.8
0.630
3.200
1.740
1.930
0.080
1.590
50.800
0.100
0.130
0.070
0.520
0.200
46
9733
81395
S60
256.9
0.640
3.580
2.210
3.670
0.850
2.320
47.400
0.320
0.500
0.100
0.880
0.670
47
9738
81630
S60
279.3
0.640
4.340
5.980
2.710
0.060
3.140
46.000
0.180
0.100
0.140
1.220
0.460
48
9738
81700
S60
323.9
0.640
4.120
36.200
11.800
0.520
6.490
18.000
0.690
0.620
0.770
4.100
0.700
49
9748
82334
S60
416.3
0.640
3.550
1.300
8.480
1.720
3.250
45.100
0.610
0.800
0.120
0.540
0.220
50
9727
80852
S60
354.1
0.650
4.260
4.890
3.670
0.050
4.020
44.300
0.280
0.190
0.120
1.400
0.510
51
9722
80347
HWM2
432.8
0.660
2.690
1.750
3.060
0.100
2.250
50.600
0.140
0.130
0.090
0.720
0.220
52
9749
82424
HWM2
410.8
0.660
3.140
3.100
5.010
0.410
1.930
50.000
0.210
0.330
0.150
0.580
0.420
53
9737
81648
S60
207.1
0.670
4.470
4.210
4.130
0.140
4.820
43.300
0.340
0.240
0.120
1.880
1.120
54
9738
81710
S60
226.9
0.670
2.540
7.540
7.940
1.460
4.010
38.200
0.160
0.970
0.330
1.320
0.360
55
9741
81905
S60
259.9
0.670
4.450
25.100
12.200
0.270
13.400
14.900
1.940
0.450
0.490
3.970
0.290
56
9741
81937
S60
332.3
0.670
3.520
1.380
2.190
0.050
2.060
51.000
0.150
0.130
0.060
0.620
0.130
57
9749
82420
HWM2
367.5
0.670
3.100
2.460
5.040
0.340
2.730
49.900
0.100
0.310
0.200
0.830
0.090
58
9738
81623
S60
259.6
0.680
4.410
5.280
3.760
0.020
4.470
44.100
0.260
0.180
0.140
1.650
0.420
59
9738
81625
S60
306.3
0.680
3.630
9.900
5.500
0.150
6.510
39.100
0.200
0.170
0.270
2.060
0.450
60
9738
81626
S60
261.9
0.680
4.410
15.700
5.190
0.240
5.830
33.000
0.230
0.410
0.390
2.750
1.070
61
9741
81891
S60
331.6
0.680
4.540
49.300
7.220
0.560
8.660
13.200
0.350
0.530
1.100
4.330
0.270
62
9748
82329
S60
345.6
0.680
4.120
4.810
5.600
0.380
2.280
47.200
0.200
0.280
0.190
0.670
0.110
63
9733
81366
S60
319.1
0.690
5.430
12.000
10.500
0.450
11.700
31.900
0.460
0.360
0.390
2.560
0.290
64
9741
81892
S60
340.8
0.690
7.660
13.500
6.900
0.110
8.450
32.300
0.410
0.270
0.280
3.180
0.520
65
9746
82231
S60
373.2
0.690
4.660
22.300
13.200
0.650
8.300
20.200
0.220
0.510
0.560
4.010
0.770
66
9741
81898
S60
392.1
0.700
6.710
12.200
6.950
0.220
8.070
33.000
0.500
0.350
0.310
2.770
0.410
67
9744
81990
S60
430.2
0.700
5.160
17.300
7.030
0.200
5.460
35.000
0.380
0.310
0.380
2.430
0.210
68
9722
80351
HWM2
387
0.710
3.860
3.030
5.810
0.340
3.060
48.700
0.190
0.350
0.200
0.960
0.280
69
9729
81097
S60
305.2
0.710
3.140
6.570
9.930
2.160
7.720
36.500
0.380
1.660
0.260
1.340
0.430
70
9738
81633
S60
286.7
0.710
4.680
4.090
3.660
0.020
4.220
45.900
0.100
0.080
0.120
1.350
0.570
71
9738
81698
S60
286
0.710
4.430
38.400
13.100
0.280
5.850
19.600
0.760
0.420
0.820
3.240
0.560
72
9741
81920
S60
351
0.710
3.040
11.200
6.060
0.170
9.600
23.800
0.280
0.160
0.240
5.330
5.000
73
9738
81628
S60
269.1
0.720
4.670
15.400
7.850
0.170
8.610
33.100
0.310
0.230
0.330
2.860
0.380
74
9741
81942
S60
305.7
0.720
3.390
5.600
9.280
2.890
4.880
39.500
0.110
1.560
0.430
0.820
0.370
75
9723
80411
HWM2
331.9
0.730
3.100
1.990
5.180
0.290
2.630
48.900
0.250
0.240
0.160
0.870
0.220
76
9728
80988
S60
348.5
0.730
4.810
2.820
3.140
0.150
3.350
46.900
0.200
0.210
0.100
1.670
0.390
77
9727
80866
S60
365.5
0.740
3.120
4.850
4.840
0.730
4.030
41.000
0.370
0.630
0.150
2.950
2.190
78
9737
81643
S60
224.6
0.740
4.990
5.000
15.000
3.780
2.200
36.300
0.130
1.120
0.250
1.280
1.180
79
9733
81360
S60
326.8
0.750
6.200
4.660
4.130
0.340
4.180
44.400
0.280
0.350
0.180
1.200
0.410
80
9737
81647
S60
251
0.750
7.190
5.860
5.500
0.280
5.970
39.200
0.500
0.250
0.180
1.610
0.500
81
9744
82098
S60
401.5
0.750
3.780
2.720
8.700
2.000
4.900
43.100
0.410
1.060
0.210
0.830
0.270
82
9746
82188
S60
392.5
0.760
6.150
35.000
15.600
0.510
6.430
21.000
0.480
0.440
0.820
2.880
0.140
83
9723
80410
HWM2
390.2
0.770
2.760
2.500
4.500
0.400
2.960
48.000
0.230
0.300
0.150
0.760
0.220
84
9728
80991
S60
331.6
0.780
4.030
4.050
4.190
0.150
4.820
44.800
0.300
0.300
0.140
1.120
0.360
85
9733
81365
S60
355.4
0.780
7.120
12.200
9.100
0.440
10.500
32.800
0.500
0.360
0.420
2.290
0.340
86
9749
82426
HWM2
330.4
0.780
3.820
4.320
5.720
0.590
1.140
49.200
0.300
0.170
0.300
0.640
0.180
87
9741
81887
S60
314.5
0.790
6.610
8.940
4.500
0.020
4.630
42.600
0.300
0.160
0.160
1.680
0.230
88
9741
81888
S60
354.7
0.790
5.690
8.760
5.370
0.110
5.650
39.000
0.380
0.280
0.160
2.100
0.640
89
9748
82328
S60
357.1
0.790
4.250
5.080
18.500
5.460
8.750
30.800
0.660
3.180
0.310
0.910
0.410
90
9746
82185
S60
484.3
0.800
7.080
39.900
11.700
0.340
5.550
18.700
0.680
0.370
0.910
3.350
0.590
91
9736
81490
S60
340.8
0.810
2.880
12.900
8.420
0.270
9.650
31.700
0.240
0.340
0.250
2.650
0.680
92
9735
81581
S60
277.1
0.810
29.700
11.300
1.880
0.500
1.310
42.500
0.280
0.080
0.350
1.750
0.530
93
9738
81706
S60
321.3
0.810
6.050
39.800
13.100
0.240
5.320
21.300
0.390
0.210
0.910
3.070
0.290
94
9739
81802
S60
457.1
0.810
5.780
23.500
9.060
0.390
4.170
32.500
0.500
0.460
0.530
2.190
0.320
95
9749
82422
HWM2
234.7
0.810
1.880
3.460
20.400
5.320
7.050
33.700
1.230
2.420
0.250
0.760
0.190
Composite (IGS)
CM7-A
31,856.9
0.646
4.291
8.991
7.479
1.005
5.138
39.176
0.343
0.635
0.298
1.669
0.533
Reference test
composite
Feed
M7-A
-
0.650
3.970
9.470
6.100
0.600
4.920
38.800
0.230
0.420
0.260
1.900
0.490
No.
Drill
hole
Lab no.
Zone
Mass (g)
Nb
2
O
5
P
2
O
5
Fe
2
O
3
SiO
2
Al
2
O
3
MgO
CaO
Na
2
O
K
2
O
TiO
2
MnO
BaO
(wt %)
Notes: Composite CM7-A (95 samples from 18 drill holes, zones S60 and HWM2; total mass 31,856.9 g) was assembled by IGS for the E08
metallurgical test program; assays are reported in weight percent (wt %). "Feed M7-A" is the head assay of the reference composite used in the
2011 feasibility-study test work, shown for comparison. Composite grades correspond to the mass-weighted average of the individual samples.
Source: IGS Impact Global Solutions Inc., report 'The sustainable and optimized development of niobium and other critical and strategic minerals
(CSM) of the Oka deposit'
Table 2. Geochemical analysis of the FSG and HGG composite samples: Nb, Ta, Th, U, Zr, Sc
and rare earth oxides (IGS)
Grade %
FSG
composite
HGG
composite
Nb
2
O
5
0.489
1.165
Ta
2
O
5
0.007
0.000
ThO
2
0.021
0.001
UO
2
0.003
0.000
ZrO
2
0.035
0.002
Ce
2
O
3
0.261
0.493
Dy
2
O
3
0.003
0.005
Er
2
O
3
0.001
0.002
Eu
2
O
3
0.003
0.005
Gd
2
O
3
0.005
0.010
Ho
2
O
3
0.000
0.001
La
2
O
3
0.108
0.177
Lu
2
O
3
0.000
0.000
Nd
2
O
3
0.079
0.154
Pr
2
O
3
0.024
0.045
Sc
2
O
3
0.001
0.002
Sm
2
O
3
0.010
0.020
Tb
2
O
3
0.001
0.001
Tm
2
O
3
0.000
0.000
Y
2
O
3
0.011
0.018
Yb
2
O
3
0.001
0.001
TREO
0.507
0.935
Grade %
FSG
composite
HGG
composite
Table 3: Rare earth element and oxide content of Oka niobium concentrate samples
Element (ppm)
IGS-E08
PNA15-11
Oxide (%)
IGS-E08
PNA15-11
Y
805
781
Y
2
O
3
0.102
0.099
La
10,021
9,404
La
2
O
3
1.177
1.103
Ce
79,408
79,800
CeO
2
9.754
9.803
Pr
3,104
3,174
Pr
6
O
11
0.375
0.383
Nd
9,279
9,239
Nd
2
O
3
1.082
1.078
Sm
1,077
1,130
Sm
2
O
3
0.125
0.131
Eu
294
308
Eu
2
O
3
0.036
0.038
Gd
773
808
Gd
2
O
3
0.089
0.093
Tb
53
65
Tb
4
O
7
0.006
0.008
Dy
289
291
Dy
2
O
3
0.033
0.033
Ho
32
36
Ho
2
O
3
0.004
0.004
Er
81
84
Er
2
O
3
0.009
0.010
Tm
9
12
Tm
2
O
3
0.001
0.001
Yb
70.4
72
Yb
2
O
3
0.008
0.008
Lu
3
6
Lu
2
O
3
0.000
0.001
TREO
12.801
12.793
LREO (La, Ce, Pr, Nd, Sm, Eu)
12.548
12.536
HREO (Gd-Lu, Y)
0.253
0.257
HREO/LREO
2%
2%
Table 4: Mass balance of the concentrate leach test - significant lower Th and U values in the
Residue
Product
Mass
(g)
Mass
(%)
Concentration (ppm)
Th
U
La
Ce
Pr
Nd
Sm
Eu
Gd
Tb
Dy
Ho
Er
Tm
Yb
Lu
Ag
Residue
18.78
93.90
824
120
6,970
41,000
3,140
9,890
1,110
252
297
37
168
21.20
45.20
5.08
26.20
2.48
0.50
Feed
20.00
100.00
2,000
1,000
13,300
73,700
5,370
17,900
2,320
591
833
109
503
63.50
136.00
15.80
88.20
8.45
2.30
Recovery by residue
(%)
38.69
11.27
49.21
52.24
54.91
51.88
44.93
40.04
33.48
32.22
31.36
31.35
31.21
30.19
27.89
27.56
20.41
Note: Recovery by residue (%) = (residue concentration × residue mass) ÷ (feed concentration × feed mass). Values below 100% indicate the
proportion of each element retained in the leach residue; the balance reports to the leach solution.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a
ferroniobium producer. The Corporation holds niobium and critical metals properties located in Oka and
near Mont-Laurier in the Province of Québec. Nio is committed to developing those deposits in an
environmentally responsible manner — supplying strategic materials the world needs while driving
innovation, creating high-quality jobs and strengthening the local economy.
For more information on the Corporation, please refer to the Corporation's public documents available
on SEDAR+ (
www.sedarplus.ca
) or on the Corporation's website (
https://niostratmet.com/
) or contact:
Bruno Dumais, President and Chief Operating Officer
514-560-7623
Jean-Sebastien Blanchette, Chief Financial Officer
917-399-0437
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press
release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America.
Cautionary Statement on Forward-Looking Information
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"forward looking statements") within the meaning of applicable Canadian securities laws. Statements,
other than statements of historical facts, may be forward-looking statements. Generally, forward-
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www.sedarplus.ca
, as well as all assumptions regarding the foregoing. Although Nio
Strategic Metals believes that the assumptions and factors used in preparing the forward-looking
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