Business
Nio Strategic Metals Announces Developments Regarding its Niobium Properties
(TheNewswire) Montreal, Quebec – TheNewswire - August 27, 2024 – ...
About this update from Nio Strategic Metals Inc
[{"type":"text","content":"Nio Strategic Metals Announces Developments Regarding its Niobium Properties\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Montreal, Quebec –\n \n\n TheNewswire -\n \n\n August 27, 2024\n \n\n –\nNio Strategic Metals Inc. (TSX-V: NIO) (OTC: NIOCF) (“\n \n\n Nio\n \n\n ” or the\n“\n \n\n Company\n \n\n ”)\n \n\n\n\n , a\ncritical and strategic metals mining exploration company, is pleased\nto announce that has entered into arm’s length consulting agreements\n(the “\n \n\n Agreements\n \n\n ”), with two consultants to provide strategic guidance (the\n\"\n \n\n Services\n \n\n \") for its Niobium property in Oka.\n \n\n\n\n As of this date, Services totaling $ 30,000 have been\nreceived under the Agreements from each consultant and those fees are\nbeing satisfied through the issuance of five hundred seventy-one\nthousands and four-hundred and twenty-eight  (571,428) common shares\neach at a deemed price of $0.0525 per common share for a total of one\nmillion one-hundred-forty-two thousands  and\neight-hundred-fifty-seven (1,142,857) shares.\n \n\n\n\n In respect of the Common Shares issued pursuant to\nthese Agreements, the Company issues such number of Common Shares as\nis equal to the quotient obtained by dividing the applicable amount\ndue by the Discounted Market Price as defined in the policies of the\nTSX Venture Exchange (the “\n \n\n TSXV\n \n\n ”) of the Common Shares.\n \n\n\n\n All securities issued pursuant to the Agreements will\nbe subject to a hold period of four months plus one day from the date\nof issuance thereof in accordance with applicable TSXV polices and\nCanadian securities laws.\n \n\n The Shares for Debt\narrangement received conditional acceptance from the TSXV.\n \n\n\n\n “I am excited about the participation of these two\nconsultants. We enthusiastically engaged them for this communication\nphase.  Their expertise and experience will help proper positioning\nwith local stakeholders. These Agreements confirm also the Company’s\nintention to assess its strategic options regarding the Niobium\nproperty and to source strategic metals essential to advancing modern\nlife, medical instruments and national security in beneficially\nenvironmental, social and ethical manner,” said Nio Preside...