NioBay Improves the Concentrate Content by 56% as Compared to Historical Metallurgical Results

Original announcement by tmx on

Company
NioBay Metals Inc.
Ticker
NBY
Exchange
TSX
Region
Quebec
Primary commodity
Niobium
Secondary commodities
Tantalum
Document categories
Metallurgy
Extracted
2026-09-12 16:03:24 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

NioBay has successfully completed a pilot-scale metallurgical test at the Crevier Project in Quebec, demonstrating improved niobium concentrate grades. The pilot achieved peak niobium recoveries of 84.6% and produced concentrates up to 36% Nb2O5, representing a 56% improvement over 2012 historical results.

Reasoning: The pilot plant successfully demonstrated niobium and tantalum concentration, significantly improving concentrate grade over 2012 historical results.

Positive factors

  • Significant improvement in concentrate grade compared to historical results
  • Successful pilot scale demonstration
  • High peak recovery achieved
  • QP sign-off provided

Negative factors

  • Average recovery (65%) is significantly lower than peak recovery (84.6%)

Facts used in scoring: 3

Classification and evidence

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: The company successfully completed a pilot scale demonstration of the concentration process.

Evidence · text

“Demonstration of the niobium-tantalum concentration process on a pilot scale”

QA/QC Disclosedpositive · Story-specific tag

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release mentions work carried out by SGS and is reviewed/approved by a Qualified Person.

Evidence · text

“metallurgical work carried out by SGS in Quebec City”

Mill Routeneutral

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

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

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

Metallurgical Results (3)

pilot plantCrevier Project · niobiumRecovery: 84.6 %Head Grade: 0.2Head Grade Unit: % Nb2O5View all details
Link to this fact

Identity

Project
Crevier Project
Commodity
niobium
Region
canada_qc
Reported Region
Quebec
Ticker
NBY

Test Work

Program Status
detailed
Test Type
pilot plant
Processing Route
Demonstration of the niobium-tantalum concentration process on a pilot scale
Sample
Crevier Project ore, just under 10 mt used for pilot tests

Recovery

Recovery
84.6 %
Recovery Basis
actual_test
Head Grade
0.2
Head Grade Unit
% Nb2O5

Lab

Laboratory
SGS

Review

Needs Review
No
Historical
No

Dates

Event date
2025-10-20T00:00:00.000Z

Reasoning: High peak recovery achieved during pilot scale demonstration.

Positive factors

  • Peak recovery of 84.6% is strong for pilot scale

Evidence · text

“Recovery reached a peak of 84.6% Nb2O5”

Tags used in scoring

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: test_type names pilot-scale work

pilot plantCrevier Project · niobiumRecovery: 65 %Head Grade: 0.2Head Grade Unit: % Nb2O5View all details
Link to this fact

Identity

Project
Crevier Project
Commodity
niobium
Region
canada_qc
Reported Region
Quebec
Ticker
NBY

Test Work

Program Status
detailed
Test Type
pilot plant
Processing Route
Demonstration of the niobium-tantalum concentration process on a pilot scale
Sample
Crevier Project ore, just under 10 mt used for pilot tests

Recovery

Recovery
65 %
Recovery Basis
actual_test
Head Grade
0.2
Head Grade Unit
% Nb2O5

Lab

Laboratory
SGS

Review

Needs Review
No
Historical
No

Dates

Event date
2025-10-20T00:00:00.000Z

Reasoning: Average recovery reported is 65%, which is lower than the peak performance.

Negative factors

  • Average recovery is notably lower than peak recovery

Evidence · text

“establish an average recovery of 65% during the production of 17 kg of concentrate at 32% Nb2O5”

Tags used in scoring

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: test_type names pilot-scale work

Fact 3Crevier Project · tantalumHead Grade: 200Head Grade Unit: ppm Ta2O5View all details
Link to this fact

Identity

Project
Crevier Project
Commodity
tantalum
Region
canada_qc
Reported Region
Quebec
Ticker
NBY

Test Work

Sample
Crevier Project ore, just under 10 mt used for pilot tests

Recovery

Head Grade
200
Head Grade Unit
ppm Ta2O5

Lab

Laboratory
SGS

Review

Needs Review
No
Historical
No

Dates

Event date
2025-10-20T00:00:00.000Z

Reasoning: Head grade provided for tantalum in the pilot feed.

Evidence · text

“at a grade of 0.2% Nb2O5 and 200 ppm Ta2O5”

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.