Core Viewpoint - Nio Strategic Metals Inc. has successfully completed debt conversion agreements to improve its financial position by eliminating outstanding debt and preserving cash flow [1][4]. Financial Transactions - The company converted a loan of $450,000 and settled $45,000 in accrued services by issuing 11,000,001 common shares at a deemed price of $0.045 per share [1]. - The debt conversion agreements are classified as related party transactions, and the company relied on exemptions from certain requirements under Multilateral Instrument 61-101 [2]. Impact on Financial Position - Following the agreements, Nio will not carry any debt on its balance sheet, except for usual short-term accrued payables, significantly improving its financial health [4]. - The insider, Nio-Metals Holdings LLC, now owns approximately 45.9% of the issued and outstanding shares after receiving 10,000,000 shares as part of the debt conversion [5]. Corporate Governance - The company did not file a material change report 21 days prior to the closing of the debt conversion agreements, which it deemed reasonable to expedite financial improvement [3]. - An Annual and Special Meeting of Shareholders is scheduled for July 9, 2025, to discuss corporate matters [5]. Company Overview - Nio Strategic Metals is focused on becoming a ferroniobium producer and holds niobium properties in Quebec [6].