It’s only mined in Brazil and Canada, with three mines producing 90 percent of the world’s niobium. There’s significant potential for growth in Canada, offering an opportunity for investors to help expand the availability of an in-demand mineral.
Supply chain resilience, plus the geopolitical stability and favourable environmental and labour conditions in Canada, make it appealing for the expansion of niobium mining.
The metal niobium is used mainly as an additive for various materials including metal alloys.
Its name is derived from the goddess Niobe, who is the daughter of Tantalus. It’s so similar to the element tantalum, named for Tantalus, that they were once thought to be the same element.
Both the US and Canada have earmarked a list of critical minerals, niobium included, as being important for economic development.
There are ample undeveloped niobium resources across Canada, including in BC, Ontario and Québec.
The acquisition signals Auking’s latest foray into the rare earths and niobium space, which the company’s Managing Director Paul Williams said is an “excellent opportunity” to attract investors with strong interest in these metals. The company plans to begin assessing potential drill sites on the property and to develop a drilling campaign to evaluate the project’s mineral potential.
Demand for niobium worldwide is growing, with nations such as the US and Canada concerned about supply chain stability.
Canada has generous confirmed and suspected deposits, with increased interest in niobium mining across the country. It’s time for investors to look to the future of this under-the-radar metal as a good investment opportunity.
This INNSpired article was written according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
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