NioBay Announces a New Resource Estimate on Its Crevier Project

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.

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.

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%).