Niocan Inc (TSE:NIO) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Nio Strategic Metals Inc. has extended the maturity date of its $500,000 loan agreement with Nio-Metals Holdings LLC to April 30, 2025, after repaying $50,000 and reducing the remaining loan to $450,000. The terms remain unchanged except for the maturity date and principal amount, and the transaction is a related party transaction since Nio-Metals owns 45.9% of the company’s shares. This move is part of Nio’s efforts as it continues to focus on becoming a ferroniobium producer with properties in Quebec.
For further insights into TSE:NIO stock, check out TipRanks’ Stock Analysis page.
