Nio Announces Financial Support for Its Niobium Project in Oka

Core Points - Nio Strategic Metals Inc. has received financial assistance of up to $400,000 from Elements08 to enhance innovation in metallurgic and mining wastewater processes for niobium production at its Oka project [1][2] - The funding is part of Elements08's initiative, which involves collaboration with the Centre technologique des résidus industriels (CTRI) and Impact Global Solutions Inc. (IGS) to develop optimal metallurgic treatment processes and minimize environmental impact [2] - The company's strategy focuses on reducing project risks through greener processing options and optimizing the extraction of critical and strategic minerals (CSM) while ensuring environmental, social, and governance best practices [3] Company Overview - Nio Strategic Metals is an exploration and development company aiming to become a ferroniobium producer, holding niobium properties in Oka and near Mont-Laurier, as well as another exploration property in Quebec [4]