N.A. Niobium to launch drill program at Seigneurie

Executive Summary

• North American Niobium and Critical Minerals Corp. has received an Authorization for Impact-Causing Exploration Work (ATI) from Quebec’s Ministry of Natural Resources and Forests (MRNF), permitting the company to begin its first modern drill program at the Seigneurie project.
• The authorization allows for impact-causing activities, including diamond drilling and the construction of drill access trails, valid for two years from March 23, 2026, to March 22, 2028.
• The upcoming drilling aims to test the scale and mineralization potential of a reinterpreted pegmatite intrusion, which geological data suggests may exceed 300 metres in width, targeting niobium and rare-earth elements.

Key Details

• Authorization Details: The ATI was granted on March 23, 2026, and is valid for two years, expiring on March 22, 2028.
• Project Ownership & Location: The Seigneurie project is 100% owned by North American Niobium and is located in the Haute-Cote-Nord region of Quebec.
• Permitting Process: The company completed required stakeholder engagement and information processes with identified groups, including the Essipit Innus First Nation Council and the municipality of Longue-Rive, addressing logistical considerations and access routes.
• Historical Context: Historical drilling in the 1970s intersected substantial pegmatite bodies (intervals of 50–70 metres) but only assayed for uranium and thorium; no analytical work was conducted for rare-earth elements or niobium at that time.
• Geological Reinterpretation: A review of historical surface/drill data combined with first vertical derivative (1VD) magnetic data suggests the pegmatite intrusion may be a dike-like body exceeding 300 metres in width in certain areas, striking east-west. The extent is open in all directions.
• Exploration Objective: The first modern drill program will test the scale, continuity, and mineralization potential of the interpreted pegmatite system for niobium and rare-earth mineralization.
• Technical Approval: Technical information was reviewed and approved by Clyde McMillan, PGeo, a qualified person under National Instrument 43-101.

Notable Quotes

• "This milestone marks the beginning of an exciting new phase for the company as we prepare to initiate our first drilling program targeting niobium and rare-earth mineralization at Seigneurie." — Murray Nye, CEO
• "Following thorough engagement and communication with stakeholders and local communities, we are pleased to have received the ATI required to begin drilling at the Seigneurie project." — Murray Nye, CEO