Northwire Canada EditionWednesday, November 11, 2026
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Resource Estimate

NioBay Announces a New Resource Estimate on Its Crevier Project

NioBay solidifies Crevier resource as it pivots toward North American battery-grade niobium supply

By The Northwire Desk — AI Analysis Feb 25, 2026 · 07:30 NBY · 0.1 Niobay Metals Inc.
Executive Summary

The most recent news (February 25, 2026) announces a new Mineral Resource Estimate (MRE) for the Crevier Niobium and Tantalum project in Quebec. The estimate includes 16.26 million tonnes of Measured resources at 0.17% Nb₂O₅ and 4.48 million tonnes of Indicated resources at 0.17% Nb₂O₅. This update is described as more "robust" than the 2010 estimate, utilizing an optimized pit shell and realistic production cost assumptions. Crucially, the company is positioning Crevier as a dedicated source for niobium oxide for the battery and superalloy markets.

Material Impact

The impact is Material - Positive. While the grade (0.17%) is consistent with historical data, the conversion of a significant portion of the resource into the "Measured" category (over 16M tonnes) provides the high level of geological confidence required for feasibility studies and off-take discussions. - Strategic Alignment: The shift from generic ferroniobium (steel) to niobium oxide (batteries) aligns with current "Critical Mineral" tailwinds and higher-margin markets. - Validation: This follows successful 2025 metallurgical tests that improved concentrate grades by 56% and pilot plant deliveries to potential European customers. - Risk Mitigation: By using an optimized pit shell, the company is addressing previous criticisms of "realistic" economic viability, though it still lacks a formal reserve statement.

NBY · Price
Company Overview

NioBay is a Canadian explorer focused on Niobium, a critical metal for green energy and high-strength alloys. - Crevier (Quebec): 72.5% interest. Flagship project now focused on Niobium Oxide for EV batteries. - James Bay (Ontario): High-grade Niobium project (60.2% Nb₂O₅ concentrate potential). Recently permitted after a 3-year suspension due to First Nations concerns. - Foothills (Quebec): Titanium/Phosphate project (Option for 80%).

Read the original news release →

More from Niobay Metals Inc.

Oct 20, 2026 · 07:30

Niobay’s geophysical reinterpretation expands James Bay targets to guide its 2027 fieldwork program.

Drill Results Oct 13, 2026 · 07:30

Niobay’s Crevier project confirms resource-grade rock while its C$13m equity sits at a 52-week low.

Drill Results Aug 10, 2026 · 09:00

Quebec grants Niobay $500,000 to advance Crevier processing as the stock consolidates near lows.

Other Aug 04, 2026 · 09:00

Niobay’s high-purity oxide results validate the Crevier deposit’s battery-grade potential ahead of pilot scale-up.

Technical Study Jun 23, 2026 · 08:35

Niobay begins summer drilling at its tantalum project as prices surge, despite ongoing dilution and community challenges.

Drill Results Apr 08, 2026 · 10:15

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

Technical Study