Nio Announces Financial Support for Its Niobium Project in Oka
Nio Announces Financial Support for Its
Niobium Project in Oka
Montreal, Quebec--(Newsfile Corp. - February 4, 2025) - Nio Strategic Metals Inc. (TSXV: NIO) (OTC
Pink: NIOCF) ("
Nio
" or the "
Company
"), is pleased to announce financial assistance up to a maximum
of $400,000 from the Elements08 Strategic Metals Excellence Centre («
ELEMENTS08
») to improve
innovation into metallurgic and mining waste water processes to enable niobium production of its
exploration-stage Oka project.
This financial support was granted as part of Elements 08's initiative and considers collaboration
between the Company and the Centre technologique des résidus industriels («
CTRI
»). The expertise of
the CTRI with the support of Impact Global Solutions Inc. ("
IGS
") will be required to develop an optimal
metallurgic treatment process and reduce environmental impact from mining waste water. This program
supports companies in the mineral exploration sector in carrying out their projects aimed at developing
critical and strategic minerals («
CSM
») from deposits in Quebec and ensuring responsible and
sustainable mining.
Hubert Marleau, President and CEO, said, "The Company focus is to derisk the overall project through
the advancement of greener processing options and the optimisation of the contained CSM's extraction
in adequation with the best practices ensuring optimal environmental, social, and governance outcomes.
The Government of Quebec, through this Elements08 initiative and the support of CTRI and IGS, is
making crucial investments in critical minerals, and seizing the economic opportunity the clean economy
presents in line with our goal to become a critical minerals supplier of choice and create good jobs and
economic opportunities for years to come," added Mr. Marleau.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a
ferroniobium producer. The Company holds niobium properties located in Oka and near Mont-Laurier
and another exploration property in the Province of Québec.
For more information on the Company, please refer to the Company's public documents available on
SEDAR (
www.sedarplus.ca
) or on the Company's website (
https://niostratmet.com/
) or contact:
Bruno Dumais, Chief Financial Officer
514-560-7623
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.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together,
"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-
looking statements can be identified by the use of terminology such as "plans", "expects",
"estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain
actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the
negative of these terms and similar terminology although not all forward-looking statement contains
these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors
that could cause actual results, performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements. These risks and uncertainties
include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly
management discussion and analysis and in other of its public disclosure documents filed on
SEDAR at
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
statements are reasonable, undue reliance should not be placed on these statements, which only
apply as of the date of this news release, and no assurance can be given that such events will occur in
the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals
disclaims any intention or obligation to update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/239557