Drill Results
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.
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Jun 18, 2026 · 07:30