NioBay Receives a Grant of $500,000 from the Government of Quebec
Quebec grants Niobay $500,000 to advance Crevier processing as the stock consolidates near lows.
Niobay Metals Inc. (NBY) has secured a $500,000 CAD non-dilutive grant from the Quebec Ministry of Natural Resources and Forests. The funding is designated to advance the processing of niobium and tantalum from the Crevier deposit, which is located on the ancestral territory of the Pekuakamiulnuatsh First Nation, and to optimize hydrometallurgical processes for niobium and tantalum oxides.
This financial support follows recent metallurgical milestones achieved by the company. In early August 2026, Niobay Metals reported achieving approximately 99.6% Nb2O5 and 99.98% Ta2O5 purity. The grant aids the company’s transition from pilot-scale testing toward larger-scale processing validation.
Niobay Metals Inc. (NBY) received a grant that serves as a routine follow-up to its April 2026 metallurgical results and the August 4 purification announcements. The funding provides non-dilutive capital to de-risk the next phase of hydrometallurgical optimization, a step critical for validating the economic case for battery-grade niobium oxide production.
The news does not alter the company's financial trajectory or dilution schedule but reinforces management's execution on technical milestones. Market reaction has been muted, with the stock trading in a tight $0.08–$0.10 range, indicating the market views this as incremental progress rather than a valuation inflection point.
Niobay Metals Inc. (NBY) is a Canadian critical minerals explorer focused on niobium and tantalum. Its flagship asset is the Crevier Niobium and Tantalum Project in Quebec, located 50 km north of Girardville. The company holds a 72.5% interest in Crevier, with Niobec Inc. holding the remaining 27.5%.
The company also holds a 100% interest in the James Bay Niobium Project in Ontario, located 45 km south of Moosonee. Niobay Metals is advancing toward pilot-scale production of niobium oxide for battery and superalloy manufacturers, with tantalum oxide targeting high-tech applications. Recent metallurgical tests have demonstrated high recoveries (70% Nb2O5) and high purity (~99.6% Nb2O5), supporting the technical feasibility of the project.