Northwire Canada EditionWednesday, September 9, 2026
Northwire
GOLD 4459.50 +0.5% SILVER 68.58 +2.4% COPPER 6.88 +0.8% OIL 95.73 +2.9% PALLADIUM 1379.50 +0.8% GRSL 0.385 +1.3% CASA 0.075 +7.1% RCK 0.650 +0.0% NILI 1.07 +5.9% BEA 0.045 +28.6% FAIR 0.050 +0.0% BHS 0.060 −7.7% NIM 0.770 +0.0% CDA 0.950 +3.3% NTH 0.170 +3.0% GMX 2.30 +5.0% ADG 0.500 +0.0% MINK 0.100 +0.0% GAL 0.610 −4.7% AEF 0.150 +7.1% DEC 0.155 −7.5% GOLD 4459.50 +0.5% SILVER 68.58 +2.4% COPPER 6.88 +0.8% OIL 95.73 +2.9% PALLADIUM 1379.50 +0.8% GRSL 0.385 +1.3% CASA 0.075 +7.1% RCK 0.650 +0.0% NILI 1.07 +5.9% BEA 0.045 +28.6% FAIR 0.050 +0.0% BHS 0.060 −7.7% NIM 0.770 +0.0% CDA 0.950 +3.3% NTH 0.170 +3.0% GMX 2.30 +5.0% ADG 0.500 +0.0% MINK 0.100 +0.0% GAL 0.610 −4.7% AEF 0.150 +7.1% DEC 0.155 −7.5%
Drill Results Routine +

NIOB Intersects 211+ Metres of Cumulative Pegmatite with Encouraging Nb-REE Exploration Indicators at Seigneurie; Assays Pending

NIOB Pegmatite Width Confirmed, But Assay Uncertainty Looms Over April Rally

Executive Summary
  • North American Niobium and Critical Minerals Corp. reported drill results from hole SGN-2026-007 at its Seigneurie Project in Quebec on 2026-04-29.
  • The hole intersected 211.25 metres of cumulative pegmatite, including a continuous central interval of 105.45 metres (from 63.85 to 169.3 metres).
  • Qualitative indicators include gamma-ray spectrometer peaks up to 1,400 counts per second and portable XRF screening showing elevated niobium, yttrium, phosphorus, and zirconium.
  • Laboratory assays for definitive grade confirmation are currently pending.
  • The company also granted 200,000 restricted share units (RSUs) to the Chief Executive Officer.
  • Other sector news included American Tungsten Corp drilling results, NioCorp legislative updates, Apex Critical Metals ETF inclusion, and MP Materials earnings announcement.
Material Impact
  • The drill intercept confirms the geological interpretation from March 2026 that suggested a pegmatite intrusion potentially exceeding 300 metres in width.
  • A continuous 105-metre interval is significant for an exploration-stage project, validating the drilling strategy launched on April 2nd (1,800m program).
  • However, the reliance on qualitative indicators (gamma-ray and pXRF) rather than definitive assays introduces uncertainty regarding economic viability.
  • The news arrives after a sharp price rally from $0.46 to $1.32 in late April; market expectations may already be priced into the current level of $1.17.
  • As this is part of a pre-announced 2026 exploration program, it is viewed as an expected milestone rather than a surprise discovery.
NIOB · Price
Company Overview
  • Company: North American Niobium and Critical Minerals Corp. (NIOB).
  • Flagship Project: Seigneurie Project in Quebec (Haute-Côte-Nord region), 100% owned.
  • Project Focus: Niobium and Rare Earth Elements (REE) hosted in granitic pegmatites and carbonatite systems.
  • Geological Context: Interpreted dike-like intrusion >300m wide, open in all directions; historical drilling from the 1970s identified pegmatite bodies but lacked REE/Nb assays.
  • Other Properties: Bardy, Blanchette, Sabot, Miskam (all in Quebec, ~45km NW of La Tuque).
  • Exploration Status: Active diamond drilling program underway for 2026; permitting and stakeholder engagement ongoing.
Read the original news release →

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