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
2026-08-21 05:17:42 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

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

Reasoning: The pilot plant successfully demonstrated a significant improvement in niobium concentrate grade (36% vs 20.3% historical) and achieved high peak recoveries, validating the process flowsheet at scale.

Positive factors

  • significant improvement in concentrate grade vs 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

Atlas analysis — NioBay Metals Inc.: NioBay Improves the Concentrate Content by 56% as Compared to Historical Metallurgical Results. 84.6% recovery; 65% recovery

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”

QP/CP Signedpositive · Story-specific tag

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 press release was reviewed and approved by a Qualified Person (P.Geo.).

Evidence · text

“This press release has been reviewed and approved by Jean-Sébastien David, P.Geo., a Qualified Person”

Extracted facts

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

Metallurgical Results (3)

pilot plantniobiumRecovery: 84.6 %Head Grade: 0.2Head Grade Unit: % Nb2O5View all details
Link to this fact

Identity

Commodity
niobium
Ticker
NBY

Test Work

Program Status
detailed
Test Type
pilot plant
Processing Route
niobium-tantalum concentration process
Sample
Crevier Project ore (pilot scale)

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: Peak recovery of 84.6% is a strong result for a pilot-scale demonstration.

Positive factors

  • high peak recovery

Evidence · text

“Recovery reached a peak of 84.6% Nb2O5”
pilot plantniobiumRecovery: 65 %Head Grade: 0.2Head Grade Unit: % Nb2O5View all details
Link to this fact

Identity

Commodity
niobium
Ticker
NBY

Test Work

Program Status
detailed
Test Type
pilot plant
Processing Route
niobium-tantalum concentration process
Sample
Crevier Project ore (pilot scale)

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: The average recovery of 65% is notably lower than the peak recovery reported.

Negative factors

  • average recovery is lower than peak

Evidence · text

“The Company can establish an average recovery of 65% during the production of 17 kg of concentrate at 32% Nb2O5”
pilot planttantalumHead Grade: 200Head Grade Unit: ppm Ta2O5View all details
Link to this fact

Identity

Commodity
tantalum
Ticker
NBY

Test Work

Program Status
detailed
Test Type
pilot plant
Processing Route
niobium-tantalum concentration process
Sample
Crevier Project ore (pilot scale)

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 as part of the pilot feed description.

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.