Niobay Metals Inc. Secures $500,000 Quebec Grant for Crevier Niobium and Tantalum Project
Niobay Metals Inc. (TSX-V: NBY, OTCQB: NBYCF), a Canadian mining company focused on niobium and related minerals, announced on 10 August 2026 that it has been awarded a $500,000 grant from the Quebec Ministry of Natural Resources and Forests. The funding, delivered through the Mining Research and Innovation Support Program (PARIDM), is earmarked for the company’s Crevier niobium and tantalum project.
Project Overview
The Crevier deposit lies approximately 50 km north of Girardville and 150 km from the established Niobec mine. It is situated on the Nitassinan (ancestral territory) of the Pekuakamiulnuatsh people, whose principal community is Mashteuiatsh. The grant will be used to advance the processing of niobium and tantalum from this deposit and to optimize hydrometallurgical processes aimed at producing oxides of Nb and Ta. The objective is to produce a concentrated ore from 140 metric tonnes of raw material, thereby enhancing the efficiency of downstream manufacturing for critical‑materials applications.
Company Context
Niobay Metals operates within the Metals & Mining sector and lists on the TSX Venture Exchange. Its recent stock performance has seen a close price of CAD 0.095 as of 6 August 2026, with a 52‑week high of CAD 0.39 (14 October 2025) and a low of CAD 0.065 (7 May 2026). The company’s market capitalization stands at approximately CAD 17.82 million, and its price‑earnings ratio is ‑3.57, reflecting the early‑stage nature of its operations.
Statements and Implications
President and CEO Jean‑Sébastien David expressed gratitude for the grant, noting that it “serves as a catalyst for advancing the Crevier project while creating value for shareholders.” Minister Kateri Champagne Jourdain highlighted the project’s importance in meeting the growing demand for niobium and tantalum oxides, positioning the initiative as a strategic contribution to Quebec’s critical‑materials sector.
The grant represents a non‑dilutive infusion of capital, enabling Niobay to accelerate research and development without affecting existing equity holders. It also signals strong governmental confidence in the company’s technical capabilities and the strategic relevance of its mineral portfolio.
Outlook
With the grant in place, Niobay Metals is poised to refine its hydrometallurgical processes, potentially reducing production costs and improving recovery rates for niobium and tantalum. The successful development of the Crevier project could position the company as a notable contributor to the supply chain of critical materials essential for technologies ranging from aerospace to green energy.
