{"id":2306,"date":"2024-05-01T08:37:12","date_gmt":"2024-05-01T12:37:12","guid":{"rendered":"https:\/\/niometauxstrategiques.com\/staging\/?p=2306"},"modified":"2026-06-10T18:26:51","modified_gmt":"2026-06-10T22:26:51","slug":"nio-strategic-metals-announces-share-purchase-agreement","status":"publish","type":"post","link":"https:\/\/niostratmet.com\/staging\/nio-strategic-metals-announces-share-purchase-agreement\/","title":{"rendered":"NIO STRATEGIC METALS ANNOUNCES SHARE PURCHASE AGREEMENT"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>(Montreal, Quebec, May 1st, 2024) <\/strong>\u2013 Nio Strategic Metals Inc. (TSX-V: NIO) (OTC: NIOCF) (\u201c<strong>Nio<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d) is pleased to announce that it has entered into a share purchase agreement (the \u201c<strong>SPA<\/strong>\u201d) to acquire 100% of the issued and outstanding shares of 1478472 B.C. Ltd., a company holding a 100% interest in the mining claims comprising the Fafnir Project in Quebec, Canada (the \u201c<strong>Acquisition<\/strong>\u201d).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Project is comprised of 90 mineral claims covering approximately 4,956 hectares (50 square kilometers) located approximately 60km north west of Mont Laurier, and 165 km north of Gatineau. There is excellent access to all parts of the property from a logging road off the La Verendrye 13, via the Trans-Canada highway.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fafnir project, subject of pass geophysics and ground work has a large intrusive NYF (Niobium-Yttrium-Fluorine) type pegmatite which has returned 9,238 ppm for Niobium, 8,022 ppm of Uranium and 1,288 ppm of Praseodymium (Pr) \/ Neodymium (Nd). The Structural shear fault that truncates the property\u2019s South Western flanc, being the likely context for enrichment, also truncates the Petawaga Indice, site of a bulk sample that revealed 3.4% Niobium, 0.7% uranium and ~1% to 1.5% Lithium, is located 30 kilometers south west of Fafnir.&nbsp; The Boxi project located 10 kilometers, North West of Fafnir is further evidence of the strong Rare Earth Elements enrichment in the area, having reported assays of 14% Uranium, 26% Niobium and 3,700 ppm in Pr\/Nd.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u201c<\/strong>The proposed Acquisition perfectly fits our renewed strategy to enter the critical metals ecosystem. The initial indication of the Niobium and Rare earth presence was key in our decision to support the development of the Fafnir Project\u201d said Nio President and CEO Hubert Marleau.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe population is just starting to understand the importance of niobium and its superconductivity,\u201d said Marleau. \u201cIt\u2019s essential for electric vehicles batteries that could revolutionize new and green technologies. We look forward to working actively with their geology team to develop these resources\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As consideration for the SPA, the Company shall pay an aggregate of $75,000 as a cash contribution and $325,000 in common shares of the Company. The Acquisition contemplated by the SPA is anticipated to close before May 31, 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About Nio Strategic Metals<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Company holds a niobium property in Oka, Qu\u00e9bec and other exploration properties in the Province of Qu\u00e9bec.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more information on the Company, please refer to the Company\u2019s public documents available on SEDAR (<a href=\"http:\/\/www.sedarplus.ca\">www.sedarplus.ca<\/a>) or on the Company\u2019s website (https:\/\/niostratmet.com\/).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more information, please contact:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hubert Marleau<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chairman, President and Chief Executive Officer<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">nio.investorinformation@gmail.com<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">514-560-7623<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cautionary Statement on Forward-Looking Information<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>This news release contains forward-looking statements and forward-looking information (together, \u201cforward looking statements\u201d) within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as \u201cplans\u201d, \u201cexpects\u201d, \u201cestimates\u201d, \u201cintends\u201d, \u201canticipates\u201d, \u201cbelieves\u201d or variations of such words, or statements that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d, \u201cwill be taken\u201d, \u201coccur\u201d or \u201cbe achieved\u201d, the negative of these terms and similar terminology although not all forward-looking statement contains these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals\u2019 annual and\/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR at <\/em><em>www.sedarplus.ca, <\/em><em>as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Montreal, Quebec, May 1st, 2024) \u2013 Nio Strategic Metals Inc. (TSX-V: NIO) (OTC: NIOCF) (\u201cNio\u201d or the \u201cCompany\u201d) is pleased to announce that it has entered into a share purchase agreement (the \u201cSPA\u201d) to acquire 100% of the issued and outstanding shares of 1478472 B.C. Ltd., a company holding a 100% interest in the mining [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":1480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[32],"tags":[],"class_list":["post-2306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-2"],"_links":{"self":[{"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/posts\/2306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/comments?post=2306"}],"version-history":[{"count":1,"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/posts\/2306\/revisions"}],"predecessor-version":[{"id":3052,"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/posts\/2306\/revisions\/3052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/media\/1480"}],"wp:attachment":[{"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/media?parent=2306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/categories?post=2306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niostratmet.com\/staging\/wp-json\/wp\/v2\/tags?post=2306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}