Northwire Canada EditionTuesday, October 20, 2026
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GOLD 4136.20 −0.6% SILVER 57.18 −0.2% COPPER 6.58 +0.1% OIL 99.85 +1.3% PALLADIUM 1099.75 −2.0% CERT 2.36 +0.0% KNG 0.970 +0.0% RYR 0.190 +0.0% VCG 1.03 +0.0% NVX 1.12 +0.0% LIO 0.165 +0.0% KG 0.160 +0.0% KC 0.400 +0.0% FUU 0.120 +0.0% ECR 0.250 +0.0% MLP 2.23 +0.0% MTT 0.240 +0.0% RRI 0.365 +0.0% APMI 0.110 +0.0% ALTN 0.080 +0.0% OSM 0.025 +0.0% GOLD 4136.20 −0.6% SILVER 57.18 −0.2% COPPER 6.58 +0.1% OIL 99.85 +1.3% PALLADIUM 1099.75 −2.0% CERT 2.36 +0.0% KNG 0.970 +0.0% RYR 0.190 +0.0% VCG 1.03 +0.0% NVX 1.12 +0.0% LIO 0.165 +0.0% KG 0.160 +0.0% KC 0.400 +0.0% FUU 0.120 +0.0% ECR 0.250 +0.0% MLP 2.23 +0.0% MTT 0.240 +0.0% RRI 0.365 +0.0% APMI 0.110 +0.0% ALTN 0.080 +0.0% OSM 0.025 +0.0%
Technical Study

NioBay Announces the Completion and Success of Metallurgical Work on the Crevier Project

NioBay’s Crevier Pilot Test Yields 70% Nb₂O₅ Recovery, Paving Way for Large‑Scale Production

Executive Summary

On 8 April 2026 NioBay announced completion of pilot‑scale metallurgical and hydrometallurgical testing on a 10‑t bulk sample from its Crevier Nb‑Ta project. Key results:

  • 70% recovery of Nb₂O₅ (grade 17‑36% across stages)
  • 92.3% niobium extraction and 95.8% tantalum extraction in conventional hydrometallurgy
  • Final concentrate purity 75.8% Nb₂O₅
  • By‑product zirconium content 19‑32% in leach residues, creating an additional revenue stream
  • Updated NI 43‑101 resource estimate (NI 43‑101) filed on SEDAR+, supporting a dedicated niobium‑oxide production model for battery and superalloy markets.

Management highlighted that results “exceeded expectations” and enable confident progression to large‑scale testing.

Material Impact
  • Technical validation: The recovery rates and concentrate purity are markedly higher than earlier pilot data (84.6% peak Nb₂O₅ recovery on a 10 t test in Oct 2025, with lower average grades). This confirms the Crevier ore can be processed efficiently at scale.
  • Economic upside: High zirconium content adds a valuable by‑product; at current market prices this could offset processing costs and improve project economics.
  • Financing implications: The successful test strengthens the case for future non‑dilutive financing (government grants) and may attract strategic investors seeking exposure to North‑American critical minerals.
  • Market reaction: The stock has been trending upward since early Oct 2025, breaking above the C$0.10 level on 9 Oct 2025 and reaching a recent high of C$0.14 in Jan 2026. The new results reinforce that bullish momentum and justify further upside.

Overall, the news materially improves the technical and economic narrative for Crevier, moving the project closer to a bankable feasibility study.

NBY · Price
Company Overview

NioBay Metals Inc. focuses on developing North‑American critical minerals, primarily niobium (Nb) and tantalum (Ta). Its flagship is the Crevier Project in Québec (72.5% owned), targeted for dedicated Nb₂O₅ production to serve battery manufacturers and superalloy producers. A secondary asset is the 100% owned James Bay Niobium Project in Ontario, currently under exploration permit.

Read the original news release →

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