Niocan Inc (TSE:NIO) has released an update.
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Nio Strategic Metals Inc. has successfully finalized the acquisition of 1478472 B.C. Ltd., securing 100% interest in 90 mineral claims spanning 4,956 hectares in Quebec’s Mont Laurier region, an area known for significant niobium and uranium deposits. The company is set to evaluate and develop a work program for these claims, aimed at tapping into the growing demand for critical minerals essential in the manufacture of electric vehicles and other niobium-based products. The acquisition aligns with Nio’s strategic focus on expanding its footprint in the critical metals sector.
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