# IGS Study Proposes Innovative and Sustainable Development of Oka Deposit

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef

Original source: https://money.tmx.com/en/quote/NIO/news/6911453346052879/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit

Publisher: tmx

Original announcement: 2026-08-04T14:08:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Nio Strategic Metals Inc.

- Ticker: NIO

- Exchange: TSX

- Region: Quebec

- Primary commodity: Niobium

- Secondary commodities: Rare earth elements, Phosphate, Tantalum, Zirconium, Thorium, Uranium, Iron ore, Silicon, Aluminum, Magnesium, Calcium, Sodium, Potassium, Titanium, Manganese, Barium, Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Scandium, Samarium, Terbium, Thulium, Yttrium, Ytterbium, Silver, Vanadium

- Document categories: Metallurgy

- Extracted: 2026-09-14 14:34:36 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Nio Strategic Metals Inc. announced positive results from a metallurgical study on its Oka Deposit, confirming significant niobium and rare earth content. The study proposes an innovative processing solution that achieved an 81.14% niobium recovery at 52.75% Nb₂O₅ concentrate grade, a substantial improvement over historical results of 71.7% recovery at 44.5% Nb₂O₅. Additionally, the new approach highlights the potential for monetizing rare earth elements \(11.75% TREO in concentrate\) and phosphate, and significantly reducing thorium and uranium content in residues \(61.31% Th removed, 88.73% U removed\), thereby minimizing environmental impact and enhancing project value.

Reasoning: The metallurgical study demonstrates significantly improved niobium recovery \(81.14% vs 71.7% historical\), identifies potential for monetizing rare earth elements and phosphate, and offers an innovative solution to reduce environmental impact by lowering thorium and uranium content in residues \(61.31% Th removed, 88.73% U removed\), all contributing to enhanced project value and sustainability. The test work was conducted on a composite sample representing the historical resource and reviewed by a Qualified Person, though the flotation tests were open circuit.

- Positive factor: High Recovery

- Positive factor: Recovery Improving

- Positive factor: Multi-Domain Tested

- Positive factor: QP/CP Signed

- Positive factor: Potential for Byproduct Monetization

- Positive factor: Reduced Environmental Impact

- Negative factor: Bench Scale Only

- Negative factor: Deleterious Elements Present

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 82

## Classification and evidence

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: The flotation test achieved 81.14% niobium recovery, which is a strong result for this commodity and processing route.

Evidence · text

> pyrochlore concentrate grading 52.75% niobium pentoxide \(Nb₂O₅\) at a niobium recovery of 81.14%

**Recovery Improving**

Polarity: positive

Definition: Recovery improved versus a like-for-like prior test program on the same domain and route.

Why it applies: The new niobium recovery of 81.14% is a substantial improvement over the historical baseline of 71.7% recovery.

Evidence · text

> a substantial improvement over the historical baseline of 44.5% Nb₂O₅ at 71.7% recovery established in the 2011 feasibility work

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: The metallurgical composite was created from 95 samples taken from two different historical drill core zones \(S60 and HWM2\), indicating variability testing.

Evidence · text

> IGS tested 95 samples taken from historical drill cores of the S60 and HWM2 zones to create a composite sample representative of the historical resource

**QP/CP Signed**

Polarity: positive

Story-specific tag

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The technical information in the news release has been reviewed and approved by Pierre-Jean Lafleur, P.Eng., a qualified person.

Evidence · text

> The technical information in this news release has been reviewed and approved on behalf of the Corporation by Pierre-Jean Lafleur, P.Eng., a geological consultant and a qualified person within the meaning of National Instrument 43-101

**Bench Scale Only**

Polarity: negative

Definition: Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: The flotation test work was performed in 'open circuit', which typically refers to bench-scale testing, not continuous pilot plant operations.

Evidence · text

> Flotation test work performed on the metallurgical test composite delivered, in open circuit

**Deleterious Elements Present**

Polarity: negative

Story-specific tag

Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent.

Why it applies: The document explicitly mentions the presence of thorium and uranium, which are deleterious elements, even though their content was significantly reduced in the residue.

Evidence · text

> possible to significantly reduce the thorium and uranium contents from 2,000 and 1,000 parts per million \(ppm\) to 824 and 120 ppm, respectively

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: the document describes a flotation route \("flotation"\)

## Extracted facts

Stored fact records: 82. Some facts used in scoring do not have a stored record.

## Metallurgical Results (82)

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-0)

Oka Deposit · niobium

#### Identity

- Project: Oka Deposit
- Commodity: niobium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: pyrochlore concentrate, open circuit
- Sample: metallurgical test composite

#### Recovery

- Recovery: 81.14 %
- Recovery Basis: actual\_test
- Conc. Grade: 52.75
- Conc. Grade Unit: % Nb₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The 81.14% niobium recovery is a significant improvement over historical results and indicates strong metallurgical amenability for the primary commodity.

- Positive factor: High Recovery

- Positive factor: Recovery Improving

- Negative factor: Bench Scale Only

Evidence · text

> flotation test work performed on the metallurgical test composite delivered, in open circuit, a pyrochlore concentrate grading 52.75% niobium pentoxide \(Nb₂O₅\) at a niobium recovery of 81.14%

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-1)

Oka Deposit · niobium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: niobium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Test Type: flotation
- Processing Route: pyrochlore concentrate
- Sample: historical baseline

#### Recovery

- Recovery: 71.7 %
- Recovery Basis: actual\_test
- Conc. Grade: 44.5
- Conc. Grade Unit: % Nb₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This historical niobium recovery serves as a baseline for comparison, showing the improvement achieved by the new study.

Evidence · text

> a substantial improvement over the historical baseline of 44.5% Nb₂O₅ at 71.7% recovery established in the 2011 feasibility work

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-2)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: pyrochlore concentrate, open circuit
- Sample: metallurgical test composite

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 11.75
- Conc. Grade Unit: % TREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The concentrate containing 11.75% TREO indicates significant potential for rare earth element byproduct monetization, adding value to the project.

- Positive factor: Potential for Byproduct Monetization

- Negative factor: Bench Scale Only

Evidence · text

> The concentrate additionally contained 11.75% TREO

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-3)

Oka Deposit · cerium

#### Identity

- Project: Oka Deposit
- Commodity: cerium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: pyrochlore concentrate, open circuit
- Sample: metallurgical test composite

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 9.7525
- Conc. Grade Unit: % CeO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Cerium oxide constitutes a large portion of the TREO in the concentrate, indicating its potential as a significant byproduct.

- Positive factor: Potential for Byproduct Monetization

- Negative factor: Bench Scale Only

Evidence · text

> approximately 83% is cerium oxide \(CeO₂\)

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-4)

Oka Deposit · neodymium

#### Identity

- Project: Oka Deposit
- Commodity: neodymium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: pyrochlore concentrate, open circuit
- Sample: metallurgical test composite

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 1.0575
- Conc. Grade Unit: % Nd₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Neodymium oxide is a valuable rare earth element present in the concentrate, contributing to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

- Negative factor: Bench Scale Only

Evidence · text

> 9% neodymium oxide \(Nd₂O₃\)

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-5)

Oka Deposit · praseodymium

#### Identity

- Project: Oka Deposit
- Commodity: praseodymium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: pyrochlore concentrate, open circuit
- Sample: metallurgical test composite

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.3525
- Conc. Grade Unit: % Pr₆O₁₁

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Praseodymium oxide is another valuable rare earth element present in the concentrate, contributing to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

- Negative factor: Bench Scale Only

Evidence · text

> 3% praseodymium oxide \(Pr₆O₁₁\)

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-6)

Oka Deposit · zirconium

#### Identity

- Project: Oka Deposit
- Commodity: zirconium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: pyrochlore concentrate, open circuit
- Sample: metallurgical test composite

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 2
- Conc. Grade Unit: % ZrO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Zirconium oxide is present in the concentrate, indicating potential for byproduct recovery.

- Positive factor: Potential for Byproduct Monetization

- Negative factor: Bench Scale Only

Evidence · text

> 2.0% zirconium oxide \(ZrO₂\)

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### flotation

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-7)

Oka Deposit · tantalum

#### Identity

- Project: Oka Deposit
- Commodity: tantalum
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: flotation
- Processing Route: pyrochlore concentrate, open circuit
- Sample: metallurgical test composite

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.49
- Conc. Grade Unit: % Ta₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Tantalum pentoxide is present in the concentrate, indicating potential for byproduct recovery.

- Positive factor: Potential for Byproduct Monetization

- Negative factor: Bench Scale Only

Evidence · text

> 0.49% tantalum pentoxide \(Ta₂O₅\)

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### leach test

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-8)

Oka Deposit · thorium

#### Identity

- Project: Oka Deposit
- Commodity: thorium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: leach test
- Processing Route: concentrate leach test
- Sample: concentrate leach test

#### Recovery

- Recovery: 61.31 %
- Recovery Basis: actual\_test
- Head Grade: 2000
- Head Grade Unit: ppm
- Tailings Grade: 824
- Tailings Grade Unit: ppm

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The leach test achieved a significant reduction of thorium content \(61.31% removed\) from the concentrate, which is a positive environmental and de-risking factor.

- Positive factor: Reduced Environmental Impact

- Negative factor: Deleterious Elements Present

Evidence · table

> 824

Context: Residue

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### leach test

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-9)

Oka Deposit · uranium

#### Identity

- Project: Oka Deposit
- Commodity: uranium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Test Type: leach test
- Processing Route: concentrate leach test
- Sample: concentrate leach test

#### Recovery

- Recovery: 88.73 %
- Recovery Basis: actual\_test
- Head Grade: 1000
- Head Grade Unit: ppm
- Tailings Grade: 120
- Tailings Grade Unit: ppm

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The leach test achieved a very significant reduction of uranium content \(88.73% removed\) from the concentrate, which is a strong positive environmental and de-risking factor.

- Positive factor: Reduced Environmental Impact

- Negative factor: Deleterious Elements Present

Evidence · table

> 120

Context: Residue

#### Tags used in scoring

**Mill Route**

Polarity: neutral

Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\).

Why it applies: processing\_route matches the flotation signal

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 11

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-10)

Oka Deposit · niobium

#### Identity

- Project: Oka Deposit
- Commodity: niobium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.646
- Head Grade Unit: % Nb₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of the composite sample used for the metallurgical test program, providing context for the recovery results.

Evidence · table

> 0.646

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 12

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-11)

Oka Deposit · phosphate

#### Identity

- Project: Oka Deposit
- Commodity: phosphate
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 4.291
- Head Grade Unit: % P₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The head grade of 4.291% P₂O₅ for the composite sample indicates significant phosphate content, supporting its potential for monetization.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 4.291

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 13

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-12)

Oka Deposit · iron\_ore

#### Identity

- Project: Oka Deposit
- Commodity: iron\_ore
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 8.991
- Head Grade Unit: % Fe₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of iron oxide in the composite sample, providing general compositional information.

Evidence · table

> 8.991

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 14

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-13)

Oka Deposit · silicon

#### Identity

- Project: Oka Deposit
- Commodity: silicon
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 7.479
- Head Grade Unit: % SiO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of silicon dioxide in the composite sample, providing general compositional information.

Evidence · table

> 7.479

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 15

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-14)

Oka Deposit · aluminum

#### Identity

- Project: Oka Deposit
- Commodity: aluminum
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 1.005
- Head Grade Unit: % Al₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of aluminum oxide in the composite sample, providing general compositional information.

Evidence · table

> 1.005

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 16

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-15)

Oka Deposit · magnesium

#### Identity

- Project: Oka Deposit
- Commodity: magnesium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 5.138
- Head Grade Unit: % MgO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of magnesium oxide in the composite sample, providing general compositional information.

Evidence · table

> 5.138

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 17

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-16)

Oka Deposit · calcium

#### Identity

- Project: Oka Deposit
- Commodity: calcium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 39.176
- Head Grade Unit: % CaO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of calcium oxide in the composite sample, providing general compositional information.

Evidence · table

> 39.176

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 18

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-17)

Oka Deposit · sodium

#### Identity

- Project: Oka Deposit
- Commodity: sodium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.343
- Head Grade Unit: % Na₂O

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of sodium oxide in the composite sample, providing general compositional information.

Evidence · table

> 0.343

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 19

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-18)

Oka Deposit · potassium

#### Identity

- Project: Oka Deposit
- Commodity: potassium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.635
- Head Grade Unit: % K₂O

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of potassium oxide in the composite sample, providing general compositional information.

Evidence · table

> 0.635

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 20

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-19)

Oka Deposit · titanium

#### Identity

- Project: Oka Deposit
- Commodity: titanium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.298
- Head Grade Unit: % TiO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of titanium dioxide in the composite sample, providing general compositional information.

Evidence · table

> 0.298

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 21

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-20)

Oka Deposit · manganese

#### Identity

- Project: Oka Deposit
- Commodity: manganese
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 1.669
- Head Grade Unit: % MnO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of manganese oxide in the composite sample, providing general compositional information.

Evidence · table

> 1.669

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 22

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-21)

Oka Deposit · barium

#### Identity

- Project: Oka Deposit
- Commodity: barium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Composite \(IGS\) CM7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.533
- Head Grade Unit: % BaO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of barium oxide in the composite sample, providing general compositional information.

Evidence · table

> 0.533

Context: Composite \(IGS\)

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 23

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-22)

Oka Deposit · niobium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: niobium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.65
- Head Grade Unit: % Nb₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of the reference composite used in the 2011 feasibility study, providing a baseline for comparison.

Evidence · table

> 0.650

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 24

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-23)

Oka Deposit · phosphate

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: phosphate
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 3.97
- Head Grade Unit: % P₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of phosphate in the reference composite, providing context for the potential for monetization.

Evidence · table

> 3.970

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 25

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-24)

Oka Deposit · iron\_ore

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: iron\_ore
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 9.47
- Head Grade Unit: % Fe₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of iron oxide in the reference composite, providing general compositional information.

Evidence · table

> 9.470

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 26

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-25)

Oka Deposit · silicon

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: silicon
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 6.1
- Head Grade Unit: % SiO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of silicon dioxide in the reference composite, providing general compositional information.

Evidence · table

> 6.100

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 27

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-26)

Oka Deposit · aluminum

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: aluminum
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.6
- Head Grade Unit: % Al₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of aluminum oxide in the reference composite, providing general compositional information.

Evidence · table

> 0.600

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 28

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-27)

Oka Deposit · magnesium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: magnesium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 4.92
- Head Grade Unit: % MgO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of magnesium oxide in the reference composite, providing general compositional information.

Evidence · table

> 4.920

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 29

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-28)

Oka Deposit · calcium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: calcium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 38.8
- Head Grade Unit: % CaO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of calcium oxide in the reference composite, providing general compositional information.

Evidence · table

> 38.800

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 30

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-29)

Oka Deposit · sodium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: sodium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.23
- Head Grade Unit: % Na₂O

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of sodium oxide in the reference composite, providing general compositional information.

Evidence · table

> 0.230

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 31

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-30)

Oka Deposit · potassium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: potassium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.42
- Head Grade Unit: % K₂O

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of potassium oxide in the reference composite, providing general compositional information.

Evidence · table

> 0.420

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 32

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-31)

Oka Deposit · titanium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: titanium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.26
- Head Grade Unit: % TiO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of titanium dioxide in the reference composite, providing general compositional information.

Evidence · table

> 0.260

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 33

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-32)

Oka Deposit · manganese

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: manganese
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 1.9
- Head Grade Unit: % MnO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of manganese oxide in the reference composite, providing general compositional information.

Evidence · table

> 1.900

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 34

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-33)

Oka Deposit · barium

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Oka Deposit
- Commodity: barium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: Reference test composite Feed M7-A

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.49
- Head Grade Unit: % BaO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2011-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the historical head grade of barium oxide in the reference composite, providing general compositional information.

Evidence · table

> 0.490

Context: Reference test composite

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 35

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-34)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: FSG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.507
- Head Grade Unit: % TREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of Total Rare Earth Oxides for the FSG composite, providing context for REE content.

Evidence · table

> 0.507

Context: TREO

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 36

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-35)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: HGG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.935
- Head Grade Unit: % TREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of Total Rare Earth Oxides for the HGG composite, indicating higher REE content in this sample.

Evidence · table

> 0.935

Context: TREO

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 37

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-36)

Oka Deposit · niobium

#### Identity

- Project: Oka Deposit
- Commodity: niobium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: FSG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.489
- Head Grade Unit: % Nb₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of niobium pentoxide for the FSG composite, providing context for niobium content.

Evidence · table

> 0.489

Context: Nb 2 O 5

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 38

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-37)

Oka Deposit · niobium

#### Identity

- Project: Oka Deposit
- Commodity: niobium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: HGG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 1.165
- Head Grade Unit: % Nb₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of niobium pentoxide for the HGG composite, indicating higher niobium content in this sample.

Evidence · table

> 1.165

Context: Nb 2 O 5

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 39

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-38)

Oka Deposit · tantalum

#### Identity

- Project: Oka Deposit
- Commodity: tantalum
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: FSG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.007
- Head Grade Unit: % Ta₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of tantalum pentoxide for the FSG composite, providing context for tantalum content.

Evidence · table

> 0.007

Context: Ta 2 O 5

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 40

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-39)

Oka Deposit · tantalum

#### Identity

- Project: Oka Deposit
- Commodity: tantalum
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: HGG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0
- Head Grade Unit: % Ta₂O₅

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of tantalum pentoxide for the HGG composite, indicating very low tantalum content in this sample.

Evidence · table

> 0.000

Context: Ta 2 O 5

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 41

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-40)

Oka Deposit · thorium

#### Identity

- Project: Oka Deposit
- Commodity: thorium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: FSG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.021
- Head Grade Unit: % ThO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of thorium oxide for the FSG composite, indicating the presence of a deleterious element.

- Negative factor: Deleterious Elements Present

Evidence · table

> 0.021

Context: ThO 2

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 42

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-41)

Oka Deposit · thorium

#### Identity

- Project: Oka Deposit
- Commodity: thorium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: HGG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.001
- Head Grade Unit: % ThO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of thorium oxide for the HGG composite, indicating the presence of a deleterious element, though at a lower level.

- Negative factor: Deleterious Elements Present

Evidence · table

> 0.001

Context: ThO 2

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 43

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-42)

Oka Deposit · uranium

#### Identity

- Project: Oka Deposit
- Commodity: uranium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: FSG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.003
- Head Grade Unit: % UO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of uranium oxide for the FSG composite, indicating the presence of a deleterious element.

- Negative factor: Deleterious Elements Present

Evidence · table

> 0.003

Context: UO 2

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 44

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-43)

Oka Deposit · uranium

#### Identity

- Project: Oka Deposit
- Commodity: uranium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: HGG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0
- Head Grade Unit: % UO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of uranium oxide for the HGG composite, indicating very low uranium content in this sample.

- Negative factor: Deleterious Elements Present

Evidence · table

> 0.000

Context: UO 2

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 45

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-44)

Oka Deposit · zirconium

#### Identity

- Project: Oka Deposit
- Commodity: zirconium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: FSG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.035
- Head Grade Unit: % ZrO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of zirconium oxide for the FSG composite, providing context for zirconium content.

Evidence · table

> 0.035

Context: ZrO 2

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 46

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-45)

Oka Deposit · zirconium

#### Identity

- Project: Oka Deposit
- Commodity: zirconium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: preliminary
- Sample: HGG composite

#### Recovery

- Recovery Basis: theoretical
- Head Grade: 0.002
- Head Grade Unit: % ZrO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: This is the head grade of zirconium oxide for the HGG composite, indicating very low zirconium content in this sample.

Evidence · table

> 0.002

Context: ZrO 2

#### Tags used in scoring

**Theoretical Recovery Only**

Polarity: negative

Definition: Only theoretical or liberation-derived recovery reported, with no actual test result.

Why it applies: recovery\_basis is theoretical

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 47

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-46)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 12.801
- Conc. Grade Unit: % TREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The high TREO content in the IGS-E08 concentrate sample confirms significant rare earth element presence, supporting byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 12.801

Context: TREO

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 48

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-47)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 12.793
- Conc. Grade Unit: % TREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The high TREO content in the PNA15-11 concentrate sample confirms significant rare earth element presence, supporting byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 12.793

Context: TREO

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 49

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-48)

Oka Deposit · yttrium

#### Identity

- Project: Oka Deposit
- Commodity: yttrium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.102
- Conc. Grade Unit: % Y₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Yttrium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.102

Context: Y 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 50

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-49)

Oka Deposit · yttrium

#### Identity

- Project: Oka Deposit
- Commodity: yttrium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.099
- Conc. Grade Unit: % Y₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Yttrium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.099

Context: Y 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 51

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-50)

Oka Deposit · lanthanum

#### Identity

- Project: Oka Deposit
- Commodity: lanthanum
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 1.177
- Conc. Grade Unit: % La₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Lanthanum oxide is a significant component of the rare earth elements in the concentrate, adding to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 1.177

Context: La 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 52

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-51)

Oka Deposit · lanthanum

#### Identity

- Project: Oka Deposit
- Commodity: lanthanum
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 1.103
- Conc. Grade Unit: % La₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Lanthanum oxide is a significant component of the rare earth elements in the concentrate, adding to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 1.103

Context: La 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 53

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-52)

Oka Deposit · cerium

#### Identity

- Project: Oka Deposit
- Commodity: cerium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 9.754
- Conc. Grade Unit: % CeO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Cerium oxide is a major component of the rare earth elements in the concentrate, indicating strong byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 9.754

Context: CeO 2

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 54

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-53)

Oka Deposit · cerium

#### Identity

- Project: Oka Deposit
- Commodity: cerium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 9.803
- Conc. Grade Unit: % CeO₂

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Cerium oxide is a major component of the rare earth elements in the concentrate, indicating strong byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 9.803

Context: CeO 2

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 55

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-54)

Oka Deposit · praseodymium

#### Identity

- Project: Oka Deposit
- Commodity: praseodymium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.375
- Conc. Grade Unit: % Pr₆O₁₁

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Praseodymium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.375

Context: Pr 6 O 11

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 56

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-55)

Oka Deposit · praseodymium

#### Identity

- Project: Oka Deposit
- Commodity: praseodymium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.383
- Conc. Grade Unit: % Pr₆O₁₁

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Praseodymium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.383

Context: Pr 6 O 11

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 57

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-56)

Oka Deposit · neodymium

#### Identity

- Project: Oka Deposit
- Commodity: neodymium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 1.082
- Conc. Grade Unit: % Nd₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Neodymium oxide is a significant component of the rare earth elements in the concentrate, adding to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 1.082

Context: Nd 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 58

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-57)

Oka Deposit · neodymium

#### Identity

- Project: Oka Deposit
- Commodity: neodymium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 1.078
- Conc. Grade Unit: % Nd₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Neodymium oxide is a significant component of the rare earth elements in the concentrate, adding to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 1.078

Context: Nd 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 59

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-58)

Oka Deposit · samarium

#### Identity

- Project: Oka Deposit
- Commodity: samarium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.125
- Conc. Grade Unit: % Sm₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Samarium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.125

Context: Sm 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 60

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-59)

Oka Deposit · samarium

#### Identity

- Project: Oka Deposit
- Commodity: samarium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.131
- Conc. Grade Unit: % Sm₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Samarium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.131

Context: Sm 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 61

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-60)

Oka Deposit · europium

#### Identity

- Project: Oka Deposit
- Commodity: europium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.036
- Conc. Grade Unit: % Eu₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Europium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.036

Context: Eu 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 62

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-61)

Oka Deposit · europium

#### Identity

- Project: Oka Deposit
- Commodity: europium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.038
- Conc. Grade Unit: % Eu₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Europium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.038

Context: Eu 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 63

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-62)

Oka Deposit · gadolinium

#### Identity

- Project: Oka Deposit
- Commodity: gadolinium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.089
- Conc. Grade Unit: % Gd₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Gadolinium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.089

Context: Gd 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 64

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-63)

Oka Deposit · gadolinium

#### Identity

- Project: Oka Deposit
- Commodity: gadolinium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.093
- Conc. Grade Unit: % Gd₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Gadolinium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.093

Context: Gd 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 65

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-64)

Oka Deposit · terbium

#### Identity

- Project: Oka Deposit
- Commodity: terbium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.006
- Conc. Grade Unit: % Tb₄O₇

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Terbium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.006

Context: Tb 4 O 7

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 66

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-65)

Oka Deposit · terbium

#### Identity

- Project: Oka Deposit
- Commodity: terbium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.008
- Conc. Grade Unit: % Tb₄O₇

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Terbium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.008

Context: Tb 4 O 7

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 67

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-66)

Oka Deposit · dysprosium

#### Identity

- Project: Oka Deposit
- Commodity: dysprosium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.033
- Conc. Grade Unit: % Dy₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Dysprosium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.033

Context: Dy 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 68

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-67)

Oka Deposit · dysprosium

#### Identity

- Project: Oka Deposit
- Commodity: dysprosium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.033
- Conc. Grade Unit: % Dy₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Dysprosium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.033

Context: Dy 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 69

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-68)

Oka Deposit · holmium

#### Identity

- Project: Oka Deposit
- Commodity: holmium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.004
- Conc. Grade Unit: % Ho₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Holmium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.004

Context: Ho 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 70

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-69)

Oka Deposit · holmium

#### Identity

- Project: Oka Deposit
- Commodity: holmium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.004
- Conc. Grade Unit: % Ho₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Holmium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.004

Context: Ho 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 71

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-70)

Oka Deposit · erbium

#### Identity

- Project: Oka Deposit
- Commodity: erbium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.009
- Conc. Grade Unit: % Er₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Erbium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.009

Context: Er 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 72

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-71)

Oka Deposit · erbium

#### Identity

- Project: Oka Deposit
- Commodity: erbium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.01
- Conc. Grade Unit: % Er₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Erbium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.010

Context: Er 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 73

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-72)

Oka Deposit · thulium

#### Identity

- Project: Oka Deposit
- Commodity: thulium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.001
- Conc. Grade Unit: % Tm₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Thulium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.001

Context: Tm 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 74

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-73)

Oka Deposit · thulium

#### Identity

- Project: Oka Deposit
- Commodity: thulium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.001
- Conc. Grade Unit: % Tm₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Thulium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.001

Context: Tm 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 75

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-74)

Oka Deposit · ytterbium

#### Identity

- Project: Oka Deposit
- Commodity: ytterbium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.008
- Conc. Grade Unit: % Yb₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Ytterbium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.008

Context: Yb 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 76

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-75)

Oka Deposit · ytterbium

#### Identity

- Project: Oka Deposit
- Commodity: ytterbium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.008
- Conc. Grade Unit: % Yb₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Ytterbium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.008

Context: Yb 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 77

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-76)

Oka Deposit · lutetium

#### Identity

- Project: Oka Deposit
- Commodity: lutetium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0
- Conc. Grade Unit: % Lu₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Lutetium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.000

Context: Lu 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 78

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-77)

Oka Deposit · lutetium

#### Identity

- Project: Oka Deposit
- Commodity: lutetium
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.001
- Conc. Grade Unit: % Lu₂O₃

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: Lutetium oxide is present in the concentrate, contributing to the overall rare earth element content.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.001

Context: Lu 2 O 3

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 79

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-78)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 12.548
- Conc. Grade Unit: % LREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The high LREO content in the IGS-E08 concentrate sample confirms significant light rare earth element presence, supporting byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 12.548

Context: LREO \(La, Ce, Pr, Nd, Sm, Eu\)

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 80

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-79)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 12.536
- Conc. Grade Unit: % LREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The high LREO content in the PNA15-11 concentrate sample confirms significant light rare earth element presence, supporting byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 12.536

Context: LREO \(La, Ce, Pr, Nd, Sm, Eu\)

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 81

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-80)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: IGS-E08 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.253
- Conc. Grade Unit: % HREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The HREO content in the IGS-E08 concentrate sample indicates the presence of heavy rare earth elements, adding to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.253

Context: HREO \(Gd-Lu, Y\)

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

### Fact 82

[Link to this fact](https://atlas-extractions.minestarters.com/news/igs-study-proposes-innovative-and-sustainable-development-of-oka-deposit--884541c9-f8bf-4e0e-8e88-14d8f8b6e4ef#fact-metallurgical-facts-81)

Oka Deposit · rare earth elements

#### Identity

- Project: Oka Deposit
- Commodity: rare earth elements
- Region: canada\_qc
- Reported Region: Quebec
- Ticker: NIO

#### Test Work

- Program Status: detailed
- Sample: PNA15-11 concentrate sample

#### Recovery

- Recovery Basis: to\_concentrate
- Conc. Grade: 0.257
- Conc. Grade Unit: % HREO

#### Lab

- Laboratory: SGS
- Consultant: IGS

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-08-04T00:00:00.000Z

Reasoning: The HREO content in the PNA15-11 concentrate sample indicates the presence of heavy rare earth elements, adding to byproduct potential.

- Positive factor: Potential for Byproduct Monetization

Evidence · table

> 0.257

Context: HREO \(Gd-Lu, Y\)

#### Tags used in scoring

**Byproduct Commodity**

Polarity: neutral

Definition: The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.
