Niocan Inc. (CA:NIO 0.34, +0.04, +13.33%)reported that the company has received positive preliminary metallurgical testing results for its iron ore property.
The press release is quoted as saying:
Niocan’s mission is to become a ferroniobium producer as soon as possible, following the issuance of a Certificate of Authorization from the Ministry of Sustainable Development, Environment and Parks for its Oka niobium property. Mining assets include mining rights in two (2) properties: 48 claims covering 1604 acres as well as surface rights on 231 acres at Oka and the Hudson Bay Great Whale Iron property covering 17,098 acres.
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