on The Market Herald (CVE:AFX)
Quebec Selects NiobiumX's Site for Detailed Study and Announces Private Placement
NiobiumX Mining Inc. announces that its Shipshaw carbonatite has been chosen by Géologie Québec for detailed study. The selection places Shipshaw among five promising systems in the Waswanipi-Saguenay corridor identified for niobium and rare earth exploration. This study aims to further understand the mineral potential of the region, driven by Canada's position as a leading niobium producer.
In addition, NiobiumX launches a private placement aiming to raise $4 million through flow-through units. The proceeds will support exploration activities in Quebec, including the Shipshaw Property. The company assures compliance with regulatory approvals for this initiative.
NiobiumX has secured a marketing engagement with Ace Digital Ltd to promote its activities. Furthermore, Tyler Heathcote has resigned from the board of directors. These developments signal NiobiumX’s strategic focus on expanding its exploration and engagement efforts.
R. E.
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